Commercial Real Estate Development & Acquisition
Birmingham, Alabama | (205) 438-6565
Birmingham company acquires Bessemer Municipal Airport hangar
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A Birmingham-based real estate acquisition firm has bought a hangar at Bessemer Municipal Airport.
Sanders Capital Partners already owns 49,160 square feet of corporate aircraft hangars at the airport, which it purchased in 2018. The company did not disclose details of its latest deal.
The newest acquisition is a 11,392-square-foot hangar that is home to Signature Utility Services, a commercial helicopter operation that employs 30.
Jackson Stewart, executive vice president and general counsel for Sanders Capital Partners, said the company plans further investments at the airport.
“Signature has been a pleasure to work with and we are optimistic about the impact their first-class operation will have on the area,” Stewart said. “It would be difficult to overstate the efficiency and professionalism we witness at the Bessemer Airport.”
Sanders Capital Partners has a portfolio with properties in the Southeast, Midwest and Southwestern U.S.
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