LIMESTONE COUNTY, Ala. (WHNT) — Aleut Real Estate, LLC has finalized a ground lease at Pryor Field Regional Airport.
With a total capital investment of $32.7 million and roughly 50 aviation jobs in three years, Aleut Real Estate, LLC, plans to construct an aircraft maintenance hangar in collaboration with Strata-G Solutions, LLC, at Pryor Field Regional Airport.
The project marks a significant investment with a planned $25 million facility. Once completed, the hangar will support maintenance, repair, and overhaul services for the Department of Defense and commercial aviation clients.
This is the first development project for Aleut Real Estate in the state of Alabama.
“With growing demand for aviation and defense support infrastructure in the Huntsville area, Pryor Field is a strategic starting point.” Michael Jenks, of Aleut Real Estate, said. “We’re especially proud to be working alongside Limestone County and Strata-G to shape a facility that meets both regional needs and operational goals.”
The Limestone County Economic Development Association said that as part of broader regional support, both ARE and Strata-G were granted tax abatements by Limestone County to assist with project startup costs. These incentives are said to help reduce near-term overhead and contribute to long-term viability for commercial operations at the site.
“This project is a win on every level,” Bethany Shockney, President & CEO of the Limestone County Economic Development Association, said. “Strata-G Solutions and Aleut Real Estate bring tremendous value to our local economy and workforce. Their investment underscores Limestone County’s continued emergence as a hub for high-tech and advanced manufacturing operations. We look forward to supporting their success in the years ahead.”
The project is currently in the pre-construction phase. The development is expected to follow an 18-month timeline with groundbreaking scheduled for summer 2025 and hangar completion anticipated in early 2027.
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