$32.7 Million Aviation Investment Coming to Pryor Field Regional Airport
(News Release) - Aleut Real Estate, LLC (ARE), a wholly owned subsidiary of The Aleut Corporation (Aleut), has finalized a ground lease at Pryor Field Regional Airport in Limestone County, Alabama, where it plans to construct an aircraft maintenance hangar in collaboration with Strata-G Solutions, LLC. Strata-G is a design engineering firm based in Huntsville, Alabama, and a wholly owned subsidiary of Aleut.
The project marks a significant investment in aviation infrastructure, with a planned $25 million facility. Once completed the hangar will support maintenance, repair, and overhaul (MRO) services for DoD & 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." said Michael Jenks, of Aleut Real Estate. "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."
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 will help reduce near-term overhead and contribute to long-term viability for commercial operations at the site.
The project aligns with the Pryor Field Airport Authority's southwest expansion plan and is supported by key partners including Limestone County and the State of Alabama. Currently in the pre-construction phase, the development is expected to follow an 18-month timeline. A groundbreaking is scheduled for summer 2025, with hangar completion anticipated in early 2027. ARE is working with Fite Building Company as the design-build contractor to lead the project through both preconstruction and construction phases.
Note: The total capital investment of this project is $32.7 million, and they are projecting 50 aviation related jobs in three years.
About Aleut Real Estate (ARE)
Established in 1996, Aleut Real Estate is a wholly owned subsidiary of Aleut, ARE's mission aligns with the goal of supporting sustainable growth and creating value for clients and shareholders. Aleut Real Estate is a real estate investment and management firm based in Anchorage, Alaska. Specializing in the acquisition, management, and development of high-quality properties, ARE is committed to delivering value to its investors and contributing to the communities it serves. For more information, please visit www.aleutrealestate.com.
About The Aleut Corporation
The Aleut Corporation (Aleut) is an Alaska Native regional corporation established under the Alaska Native Claims Settlement Act of 1971. It serves over 5,000 Unangax shareholders and descendants with a mission to provide economic growth and opportunities. Aleut's portfolio includes businesses in government and mechanical contracting, real estate and property management, technology and infrastructure, fuel sales, port services, environmental services, and energy. For more information, visit: www.aleutcorp.com.
For more information on Strata-G Solutions, LLC, please visit https://stratag-llc.com.