The Drummond Group, Inc. acquires +/- 50 Acres of Industrial Land in Mobile, AL

Plan calls for Industrial Park

Mobile, AL, November 26, 2007 – The Drummond Group, Inc. , a regional commercial real estate firm specializing in office/warehouse and industrial development and management is expanding its industrial portfolio with the acquisition of +/- 47.5 acres of industrial land in the rapidly growing Halls Mill Road corridor in south Mobile. 

According to Todd Drummond, President of The Drummond Group, Inc., the company's plans call for immediate development into Laughlin Industrial Park that will attract local, regional and national companies searching for a distribution, light manufacturing or service center in the Port City.

"The property is positioned very well" said Drummond.  "Its location accomodates industry and distribution centers that need to be located near interstate systems.  We're fortunate to have acquired the last remaining piece of suitable land on Halls Mill Road in regards to site conditions, interstate frontage and proximity to I-10 and I-65  interchanges."

Located just north of Interstate 10 between the I-65 interchange and the Rangeline Road interchange, Laughlin Industrial Park is situated in fast growing Mobile County and is surrounded by robust industrial development.  The park's location north of Interstate 10 will be attractive to both end-users and investors as property insurance costs escalate and remain unstable.  The property insurance industry has typically used Interstate 10 as the line of demarcation when rating buildings for property insurance.

Mobile is one of the largest cities between Houston and Tampa. Strategically located at the base of Interstate 65 and intersecting Interstate 10, Mobile touts two major interstates, five class one railroad service providers, two airports (one with a run-way long enough to land the Space Shuttle), a deep water port, extensive river tributaries and a Gulf of Mexico waterfront location.

The Drummond Group, Inc. closes on this parcel at a time when Mobile's industrial market stands strong.  With the recent announcement of ThyssenKrupp's $3.7 billion steel mill and the prospect of EADS North America securing a multi-billion dollar contract with the U.S. Air Force, economic indicators predict a robust economy for years to come

About The Drummond Group, Inc.

The Drummond Group is a full service corporate real estate advisory and property management/ investment services firm based in Mobile, AL. The firm specializes in contract lease/sale negotiation, site selection, and investment transactions. The company manages a variety of office, industrial and hospitality properties in locations across the Gulf Coast. For more information, please visit our website: www.drummondgrouponline.com.