MOBILE, Ala. (WPMI) — Team Mobile and Burton Property Group announced today at Government Plaza a new development is underway to attract warehouse, distribution and manufacturing operations.
The Mobile-based real estate development firm unveiled details for a master-planned industrial park, South Alabama Logistics Park (SALP).
“With over 6 million square feet planned in phase 1, this development would not only be the largest in the state but one of the largest in the Southeast,” said Philip Burton, president of Burton Property Group.
A three-year collaborative effort between the Alabama State Port Authority, Burton Property Group, City of Mobile, Mobile County and the Mobile Area of Chamber of Commerce, the 1,300-acre park will be located off I-10 near the Theodore Dawes exit, just south of the Amazon sortation center in South Mobile County.
At full build-out of the initial phase, Burton estimates the development will exceed $350 million in value. Features include Class A industrial warehouse and distribution space for the growing number of shippers and light manufacturers that need to locate in close proximity to either the Port of Mobile or Mobile Aeroplex at Brookley.
Burton Property Group is expecting to close on the property this summer, and is in the process of investing in needed infrastructure to attract clients. The company will construct speculative sites as well as offer a build-to-suit option.