market survey | huntsville...2 graham & company | 2019 market survey | huntsville jetplex...

2019

M A R K E T S U R V E Y | H U N T S V I L L E

Industrial Market Overview . . . . . . . . . 1

Jetplex Industrial. . . . . . . . . . . . . . . . . 2

North|Central Huntsville Industrial . . . . 3

Chase Industrial . . . . . . . . . . . . . . . . . . 4

Greenbrier Industrial. . . . . . . . . . . . . . 5

Office Market Overview . . . . . . . . . . . 6

Central Business District Office . . . . 7

Jetplex | Madison Office . . . . . . . . . . 8

Cummings Research Park Office . . . 9

Cummings Research Park Map . . . . . 10

Retail Map. . . . . . . . . . . . . . . . . . . . . . . 12

Retail Market Overview . . . . . . . . . . . 14

Recent Graham Activities . . . . . . . . . 16

For Sale or Lease. . . . . . . . . . . . . . . . . 19

Graham Huntsville Group. . . . . . . . . . 22

TA B L E O F C O N T E N T S

The Huntsville commercial real estate market continued its hot streak in 2018 with all three

sectors showing low vacancies. Cranes scatter the skyline as numerous new projects are under

construction with more in the pipeline.

The office market continued to improve with 720k sf of positive absorption in 2018

and decreased vacancy in every submarket. Most new office construction centers in the

Cummings Research Park (CRP) area. Several new multi-use projects, including MidCity

Huntsville, will be incorporating a Class A office component.

Demand is strong for industrial space, causing an increase in rental rates as demand

is greater than supply. Industrial vacancy did increase slightly in 2018, primarily due to

two large properties recently going dark. These two properties should backfill quickly

as large blocks of space in the market are scarce. By 2022, an estimated 3+ million sf of

new industrial space will be added to the Huntsville market.

Retail growth continues over the entire Huntsville metro area and vacancy remains

strong at 7.73%. MidCity Huntsville added REI and Dave & Busters to its tenant list. The

new baseball stadium at Town Madison will be ready for the 2020 season with several

multi-family and retail projects following. Downtown Huntsville will see the addition of

four new hotels to help alleviate lack of rooms in the Central Business District.

GRAHAM REPORT 2019HUNTSVILLE, ALABAMA

1G R A H A M & C O M PA N Y | 2 0 1 9 M A R K E T S U R V E Y | H U N T SV I L L E

HUNTSVILLE INDUSTRIAL MARKET OVERVIEW

2019[ 23.4 MILLION SF TOTAL ]

OVERALL VACANCY 7.64%

SINGLE TENANT 7.87%

MULTI-TENANT 6.87%

Industrial Market Overview

2018INDUSTRIAL MARKET SF VACANT SF 2014 2015 2016 2017 2018

SINGLE TENANT 18,113,295 SF 1,425,140 SF 3.36% 2.27% 4.7% 4.72% 7.87%

MULTI-TENANT 5,319,140 SF 365,294SF 27.22% 22.69% 14.28% 10.20% 6.87%

TOTAL INDUSTRIAL 23,433,156 SF* 1,790,434 SF 8.97% 7.06% 6.86% 5.97% 7.64%

VACANCY RATE

1.0

1.5

SF

2.0

0.5

-0.5

-1.0

0MIL

LIO

NS

201620152014

319 K497 K

853 K

2017 2018

326 K

-387 K

2018 INDUSTRIAL MARKET

VACANCY RATES

INDUSTRIALMARKET

SINGLETENANT

MULTITENANT

OVERALL

JETPLEX 6.17% 8.56% 6.90%

NORTH | CENTRAL 1.59% 0.08% 1.43%

CHASE 15.63% 0% 15.31%

* This number includes some industrial properties that do not fit within a certain submarket, but are an integral part of Huntsville’s industrial landscape.

INDUSTRIAL: Huntsville industrial vacancy increased slightly in 2018 to 7.64% from the previous year’s 5.97%, primarily due to Endo International closing the 790k sf former Qualitest campus in Chase Industrial Park. Two properties, the former Navistar plant and the Endo buildings, account for more than 75% of total vacancy in the Huntsville market. Vacancy rates are expected to decrease again in 2019 as little new construction is planned. The Huntsville market is slightly above the national vacancy rate of 4.3%. Rental rates have increased by 20% since 2014 and will continue to increase as E-commerce continues to fuel the growth in the industrial sector. Demand is outpacing new construction causing a shortage of space and increased rents. The Huntsville market is also seeing a scarcity of product, especially in the 5k to 25k sf range, causing rents to increase. The average national rate climbed to $7.51 per sf and forecasts call for another increase in 2019. Due in large part to the shutdown of the above mentioned former Qualitest facilities the Huntsville market had negative absorption of 397,000 sf in 2018, marking the first non-positive report since 2012. The local market is still healthy with more than 2.1 million sf absorbed since 2012. National absorption

HUNTSVILLE

INDUSTRIAL ABSORPTION

has record growth at 284 million sf and 32 of the last 33 quarters have had positive absorption. Land prices have doubled nationwide over the last five years. Developers are now building multi-story industrial buildings in highly populated areas to make best use of existing land. 275 million sf of industrial space was under construction in 2018, with more than half as speculative development. The investment market for industrial product remains one of the strongest sectors with an average cap rate at 6.34%. A couple of industrial investment sales in the Huntsville market that had long-term leases sold for a 7% cap rate. Cap rates should remain low in the industrial sector. Announcements of Note in 2018:

Mazda Motor Company and Toyota Motor Corporation established a joint-venture company and selected a development site in the Greenbrier area that was designated a TVA Mega Site in 2016. The $1.6 billion project will eventually create up to 4,000 new jobs with an annual production capacity of 300,000 vehicles. Construction of the 3.1 million sf plant began in late 2018. Facebook announced plans to build a 970,000 sf data center in North Huntsville Industrial Park. The $750 million project will operate as a large-scale data center that will process and store data for Facebook. The center will provide 100 new jobs and is expected to be operational by 2020.

2 G R A H A M & C O M PA N Y | 2 0 1 9 M A R K E T S U R V E Y | H U N T S V I L L E

Jetplex Industrial Market

[ 10.6 MILLION SF TOTAL ]


SINGLE TENANT 9.94%

MULTI-TENANT 8.75%

KOHLERKohler is a leading manufacturer of plumbing

products.

Vacancy for Jetplex Industrial Park decreased to

8.75% in 2018, down from the previous year’s 8.81%

vacancy rate. Overall vacancy for the Jetplex area remains low with the largest vacancy found in the former 550,000 sf Navistar plant.

Jetplex Industrial Park is Huntsville’s largest industrial base, representing 45% of the Huntsville industrial market, and comprised of several smaller markets surrounding Huntsville International Airport and the Intermodal Center. Jetplex Industrial Park contains 1,470 acres and offers Foreign Trade Zone #83, U.S. Customs Port of Entry and interstate access via I-565. Jetplex South Industrial Park contains 1,400 acres and is located just south of Jetplex Industrial Park. Lowe Industrial Park is a 900-acre park originally designed to encompass the growth of Intergraph Corporation.

RECENT DEVELOPMENTS:

• Kohler is expanding its current Huntsville operations by adding an additional 60,000 sf. Kohler now has more than 660,000 sf in the Jetplex market.

Major area tenants include: Kohler, Remington, Yulista, SES, & Georgia Pacific.


North | Central Huntsville Industrial Market

FACEBOOK

Facebook began construction on its $750 million

data center in North Huntsville.



SINGLE TENANT 1.46%

MULTI-TENANT 0.08%

Vacancy for the North/Central Huntsville industrial

market decreased to 1.59% in 2018, down from the 4.74% posted in 2017. The North/Central Huntsville Industrial market is comprised of 4.75 million sf and represents 20% of the total Huntsville industrial market.

Most buildings in this market have smaller footprints than buildings in Jetplex or Chase, and many facilities in this market have been recently constructed along the Highway 53 corridor, providing good access to North Alabama and Southern Tennessee. The tenant mix in the area consists of companies in the automobile industry, local and national service companies and defense companies.

RECENT DEVELOPMENT:

• The 135,000 sf Aerojet Rocketdyne advanced manufacturing facility began construction and is expected to be completed in 2019.

• Blue Origin began construction on its 400,000 sf engine propulsion facility at Cummings Research Park West.

MAJOR AREA TENANTS INCLUDE: Toyota, Aerojet Rocketdyne, and Dynetics


Chase Industrial Market



SINGLE TENANT 15.31%

MULTI-TENANT 0%

MITCHELL PLASTICS

Mitchell Plastics is a leading full service tier one

supplier of automotive interior mechanisms and

decorative components.

Vacancy in Chase Industrial Park has historically

been the lowest of the submarkets; however,

Endo Pharmaceuticals’ decision to vacate the former Qualitest buildings negatively impacted the market. Vacancy rose to 15.63% after four years of 100% occupancy. The Endo buildings are now on the market for sale or lease. Chase Industrial Park is comprised almost exclusively of single tenant employers. Comprised of 1,700 acres in northeast Huntsville, only 50 acres remain available for new development. Products manufactured in the park include automobile supplies, plastic products, and home building supplies. Chase represents 22% of the entire Huntsville industrial market and was developed by the Madison County Commission.

RECENT DEVELOPMENTS:

• Automotive supplier Mitchell Plastics is expanding its operation by an additional 130,000 sf and will include new injection molding machines, a new paint line, expanded assembly area, additional shipping bays, and new offices.

Major area tenants include: J and J South Central, Cinram, PPG Industries, Mitchell Plastics, Hart & Cooley, Kommerling, and Schwarze Industries.


Greenbrier Industrial Market

[3.1 MILLION SF TOTAL ]

OVERALL VACANCY 0%

SINGLE TENANT 0%

MULTI-TENANT 0%

TOYOTA MAZDA

The 3.1 million sf Toyota Mazda plant is under

construction and scheduled to be open in 2021.

GE AVIATION

The GE Aviation building will produce materials

for commercial plane engines and rockets.

The Greenbrier area is an ideal location for

companies that have logistic and transportation needs in the North Alabama and the Southeastern markets. Interstates I-65 and I-565 intersect near Greenbrier and serve as a key access point for companies in the automotive, services, and defense industries. Vacancy is currently 0%. Several new construction projects in the area, including the Mazda Toyota plant, will raise the total sf in the area to more than 6 million sf in a couple of years. Most companies located in the Greenbrier area are generally in the services and transportation industries.

RECENT DEVELOPMENTS

• Construction of the 3 million sf Mazda Toyota plant has begun. The project will employ more than 2,500 construction workers over the life of the contract.

• The 250,000 sf GE Aviation building was completed in May of 2018 and will produce materials used for commercial plane engines as well as rockets.

Major area tenants include: GE Aviation, Target, and Fedex.

GREENBRIER P KWYGARRETT ROAD

BIBB GARRETT ROAD

MOORSVILLE ROAD

OLD HWY 20

SEGERS ROAD

SWANCOTT ROAD


Office Market Overview

[18.4 MILLION SF TOTAL]


SINGLE TENANT 4.06%

MULTI-TENANT 16.38%

HUNTSVILLE OFFICE MARKET OVERVIEW

2018OFFICE MARKET TOTAL SF VACANT SF 2014 2015 2016 2017 2018

SINGLE TENANT 8,617,354 SF 349,508 SF 10.79% 13.14% 7.87% 6.32 4.06%

MULTI-TENANT 9,874,697 SF 1,617,441 SF 24.83% 25.03% 24.39% 17.53 16.38%

TOTAL OFFICE 18,492,051 SF 1,966,949 SF 18.02% 19.31% 16.63% 12.26 10.64%

VACANCY RATE

2018 OFFICE MARKET

VACANCY RATES

HUNTSVILLE

OFFICE ABSORPTION

OFFICEMARKET

SINGLETENANT

MULTI -TENANT

OVERALL

CUMMINGSRESEARCH PARK

4.07% 13.58% 7.86%

JETPLEX/MADISON 0% 29.05% 23.81%

CENTRALBUSINESS DISTRICT 7.30% 15.47% 14.61%

OFFICE: The Huntsville office market continued to improve in 2018 with vacancy falling to 10.64%, marking the third consecutive year of increased occupancy and a dramatic shift from the 19.31% vacancy rate registered in 2015. Huntsville’s vacancy was below the national rate for the second year in a row. The office market had positive absorption of 720,207 sf in 2018. More than 1.5 million sf of office space was absorbed in 2017 and 2018. That number represents the largest takedown of office space in the Huntsville market in more than a decade. Vacancies decreased in the Cummings Research Park (CRP) and Jetplex/Madison submarkets. Leasing and sales activity remained active in all three submarkets and several new office developments are now under construction. New construction for office buildings remained steady with 54 million sf expected to be completed by year end. Buildings under construction are outpacing net absorption nationwide, so vacancies are expected to increase slightly in 2019. Many national and local projects have a mixed-use component that

will add office, retail, and residential pieces to the development. This trend will continue as companies and developers have accepted the live-work-play paradigm shift. Rental rates in Huntsville remained steady in Class A and B inventory with annual increases averaging 2.5% to 3%. Rent concessions are now much harder to obtain as the market improves. Office Announcements of Note in 2018:

The FBI announced plans to move forward with its first large-scale operations support facility on Redstone Arsenal. The building should be operational in early 2021 and will be home to 1,350 special agents, intelligence analysts, and a staff of professionals. The University of Alabama in Huntsville (UAH) published a report on the projected economic impacts of recent (2016-2018) development projects in Madison, Limestone, and Morgan Counties, citing that it will expand the total job market by 20,471 jobs by 2027 with more than $1.3 billion in additional payroll.


Central Business District (CBD) Office Market



SINGLE TENANT 7.31%

MULTI-TENANT 15.47%

AC HOTEL BY MARRIOTT

AC Hotel opened its doors for business in 2019,

offering modern accommodations and convenient

business amenities in the heart of downtown.

The Huntsville downtown/Central Business District

(CBD) office market consists of approximately three million sf and is dominated by the business services sector including law firms, banking, accounting, and real estate companies. City, county, and government employees also make the CBD home.Vacancy in the CBD was 14.61% in 2018, a slight increase from the previous year’s 14.20%. The downtown market has been active in the multi-fam-ily and hospitality sectors with several new projects announced or under construction. Land prices have increased dramatically in the last five years, with the demand for increased parking being addressed per project. Recent developments:

• Redstone Federal Credit Union (RFCU) broke ground on a five floor, 66,718 sf building at 200 Davis Circle. RFCU will occupy the entire building. The new facility will feature a commu-nity room and rooftop terrace.

• The former Coca Cola site is under contract with Rocket Development Partners. The site is adjacent to the Von Braun Center and ideal for a mixed-use development. The developers have announced an apartment component with some work space downstairs. Plans also call for some retail space or on-site parking.

• The 28,516 sf office building located at 307 Clinton Avenue building sold to Broadway Center, LLC. The building sits on 1.42 acres and was built in 1988. Current tenants include TVA and MDA CPA’s.

• Four new hotels are being introduced into the CBD market. AC Hotels opened its doors for business while a Hampton Inn, a Hilton brand and a Hyatt brand, will be built in the next two years. The total number of rooms in the CBD should near the 1,000 mark upon completion. Parking will be located at several downtown locations.

Major area tenants in the CBD include: Regions Bank, Bryant Bank, The City of Huntsville, BB&T, Lanier Ford Attorneys at Law, Bradley, and Hunts-ville Hospital.


TOWN MADISON

Construction continues at Town Madison, a 563

acre development offering the live-work-play

experience.

Jetplex | Madison Office Market

[1.7 MILLION SF TOTAL ]


SINGLE TENANT 0%

MULTI-TENANT 29.50%

Vacancy for the Jetplex/Madison office market decreased in

2018 to 23.81%, the third consecutive decline since 2016. The office market for the City of Madison will be enhanced once the planned Town Madison project is complete.Madison is one of the fastest growing cities in the State of Alabama and the demand for medical and business services remains strong. In the past, the office sector has been dominated by Boeing and Intergraph, but more medical office users are moving into the area to support the growing residential market. Both Crestwood and Huntsville Hospital now have a presence in Madison. New Developments:

• The 133,748 sf Madison Research Park property was sold to Sharp Companies. The five-building campus sits on 14 acres and was originally owned and developed by Intergraph.

Major area tenants include: Intergraph, Boeing, Huntsville Hospital, Progress Bank, and Platinum Mortgage.


Cummings Research Park Office Market



SINGLE TENANT 4.07%

MULTI-TENANT 13.58%

The Cummings Research Park (CRP) office

market had its best year in leasing velocity in

about a decade. Overall office vacancy declined to 7.86% from the 9.98% in the previous year. Multi-tenant vacancy fell to 13.58%, down from the 15.78% rate suffered in 2017.

Many companies in CRP are defense related and depend on the government for the funding of military projects. The monies allocated for defense programs continued to improve in 2018 creating a need for many of the companies to expand.

CRP is the largest office market in Huntsville with more than twelve million sf, representing more than 70% of the total Huntsville office market. Cummings Research Park is the second largest research park in the United States, encompassing 3,843 acres. Only 430 acres remain for future development. The park mix ranges from Fortune 500 companies to local entrepreneurial start-ups to award-winning small businesses.

Most companies in CRP act in a support role to meet various demands for military installations located on Redstone Arsenal. Redstone is home to the U.S. Army Aviation and Missile Command (AMCOM), the Space and Missile Defense Command, numerous Program Executive Offices (PEO), and major components of the Defense Intelligence Agency, and the Missile Defense Agency.Recent Developments:

• BAE Systems announced plans to expand its operations in Huntsville with a $45.5 million project, including a new 83,000 sf office facility in CRP West that will create hundreds of new jobs. The new facility will include engineering, manufacturing, and laboratory space to support the U.S. Department of Defense.

• Radiance Technologies will be moving its headquarters to a 100,000 sf facility in Cummings Research Park West. The building will include high bay space, classified and unclassified labs, and a

large conference center. • Cubic GATR expanded its current facility in

CRP to 100,000 sf. The facility expansion is a consolidation of two different locations. The company will manufacture its GATR satellite systems in the building. These satellites are sent out to areas of natural disasters and battlefields to collect information and data.

• Digium was purchased by Sangoma Technologies Corporation for $28 million. Digium was started in Huntsville and is the creator of Asterisk, an open source communication software used in the telecom industry. Sangoma is headquartered in Toronto, Canada.

• The 51,105 sf Nektar Therapeutics building on Discovery Drive was purchased by LSINC. The building includes 36,000 sf of laboratory and manufacturing space.

Major area tenants include: Dynetics, SAIC, Adtran, Northrop Grumman, Dynetics, Lockheed Martin, and numerous other high-tech companies.


7.35 AC

6.16 AC

7.61 AC

6.57 AC

8.47 AC

9.31 AC

11.1 AC

10.91 AC

18.12 AC

20 AC

6.04 AC7.7 AC

8.07AC

9.6 AC

10.6 AC

12.71 AC 10.75 AC

12.38 AC7.97 AC

8.75 AC 10.09 AC

10.64 AC

21 AC

11.92AC

7.3 AC

14 AC26.79 AC6.75AC

30 AC

18 AC

6.2 AC

7 AC

10 AC 10.76 AC

12 AC

10.75 AC

8.7 AC

8.64 AC

6.08 AC

6.49 AC

14 AC

11 AC

8.3 AC

6.43 AC

6.22 AC

35.88 AC

43.92 AC

12.3 AC

5.21 AC

24 AC

10.63 AC15.47 AC

13.26 AC

5 AC

18 AC

5 AC

7.19 AC

7.59 AC

5 AC

6 AC

10.23 AC 9 AC

10 AC

5 AC

7 AC6.5 AC

11 AC

6 AC5.35 AC

10 AC

19.69 AC

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11.78 AC

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11.3 AC

27 AC

86 AC

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5 AC

~ 50 acresCRP Landmark Site

Discovery Place

Technology CenterStrayer University

Bevill Center

UniversityFitnessCenter

Optics Building

Materials Science Building

Engineering Building/

Admissions

Olin B. KingTechnology Hall

Salmon Library

Business Administrative Building

Premier Preschool

UAH SMAP

Fire Station #12

Morton Hall

North CampusResidence Hall

UniversityCenter/Exhibit Hall

RobertsHall/Roberts Recital Hall

Wilson Hall/Wilson Theatre

Southeast Campus Housing

NursingBuilding

Spragins Hall

Union Grove Gallery &Meeting Hall

Wernher von Braun

Research Hall

Central Campus

Residence Hall

Shelbie King Hall

Credit Union

Physical Plant

Central Receiving & Shipping

Johnson Research

CenterWLRH Radio

Station

Business Services Building/

Copy Center

Social SecurityAdministration

Frank Franz Hall

Amphitheater

Fraternity/Sorority Row

Solar Energy Research

Propulsion Research Lab

Robert “Bud” Cramer Research Hall(NSSTC & NOAA Weather Forecasting Office)

Defense Acquisition University

Chan Auditorium

Charger Union

Intermodal Parking FacilityPublic Safety

Charger Village Food Court

Charger Village I

McDonnell Douglas Auditorium

SWIRLL (Severe Weather InstituteResearch and Lightning Laboratory)

Studio 106

Charger Park

Hampton Inn & Suites Home2 Suites by Hilton

401 Wynn Drive

The Bridges

Park Place

Colonial Centerat Lakeside

Progress CenterResearch Park Office Center

Corporate Office Park

Executive Plaza Office Park

Research Place

Lake 1

Lake 4

Lake 3 Lake 2

Lake 5

306 WynnDrive

4975 Bradford

Park WestCenter

Highland Office Park

Technology Pointe

106 WynnDrive

Bldg. 3

Bldg. 2

Bldg. 1

4815Bradford

305 Quality Circle

635 Discovery

Rainbow Daycare

Intuitive Center atResearch Center

Shelby Center for Science & Technology

Student ServiceBuilding

Columbia High School

Cabela'sCatholic

High School

Faulkner University

103 WynnDrive

215 WynnDrive

The Point

ThorntonResearch Park

University of Alabama in Huntsville Foundation

U.S. ArmyRedstone Arsenal

NASA Marshall SpaceFlight Center

UAHFoundation

(Zoned CRP West)

Huntsville International Airport

Downtown Huntsville

FutureDevelopment

CRP Applications

Bridge Street Town Centre

Future ResearchURS / Siemens /

M3 Superior SolutionsDynetics

General Atomics /Complex IQ

AlabamaSupercomputer /

AlabamaResearch & Education Network

DyneticsMTA /Gideon

Dynetics

DavidsonTechnologies

AT&T

InterFuze

Colsa

Aerojet Rocketdyne

ADTRAN

ADTRAN

AeroVironment

HuntsvilleUtilities

MacroIndustries

HII

Quantum Research

DeltaResearch

Vertiv

A-P-TResearch /

SEACQualitest

Shearer & Associates

Kratos Defense & Security Solutions

MBDA /Titertek Instruments

Lockheed Martin

DESE Research /SENTAR

SPS /MSSI

SimTech /Aranea Solutions /U.S. Army Corps

of Engineers

Baron Services

Lockheed Martin

AT&T

Amtec

Redstone Federal

Credit Union

NorthropGrumman

Benchmark Electronics

TeledyneBrown

Engineering

BizTech

Technical Micronics Controls

General Dynamics

AAR IntegratedTechnologies

Advanced Systems Technology

(United Technologies)

SAIC /FPMI

Rolls Royce /CenturyLink

Selex Galileo /Hawk Enterprises

NorthropGrumman

Dynetics

KRS, LLC /F1 Solutions

ASRC Federal

TARCOG

Radiance Technologies, Inc.OMI

KBRwyle

ERC /Cummings Aerospace

DirecTV

Dynetics

NorthropGrumman

NorthropGrumman

RaytheonCompany

SDI /Sierra Nevada

CINRAMBPI

HuntsvilleHospital

Parsons

Lockheed Martin

Digium, Inc.

AEgisTechnologies

ARSA, P.C.

Sikorsky Aircraft

RockwellCollins

ARC /MDA

Decibel

GarverYulista

Yulista

IRSPeopleTec

Jackson Center

BAE Systems /Orbital ATK /

BWXT

HuntsvilleHospital

Strata-GSolutions

Willbrook Solutions

Avion

KBRwyle

L3 /Summit 7

EADS

Technology Service Corporation / MTS

Dynetics

Raytheon /The SI /

Telephonics

NeXolve /Graham & Co.

SpacehabROC/CAMO

Sigmatech /Victory Solutions /

BRC

Stratolaunch / SnellingJohnson Controls /

Moog / Red Hat

Synapse Wireless /

Leidos

T&W Operations /NetWorx

Dynamic Concepts /SRA

Geocent

Dynetics /Vencore Logicore

Aviagen

S3, Inc.

AT Solution /SESI / KLO

Dynetics Field

Bentley

CFDRC /The Smith Family

Clinic for Genomic Medicine

CSRA / Trimble / Trident Technologies /

DynCorp International /ExoAnalytic Solutions /

Booz Allen Hamilton

Cubic GATRTechnologies

Gleason Research Associates /INTUITIVE /

Pinnacle Solutions

Chugach

LSINC / Trideum

i3 / MCR Qualis

Ares Corp.

Kord Technologies

HudsonAlphaMain

RFCU

Tecvox

HII

Intrepid

Paragon at 511

Voya

ger

Way

Discov

ery D

rive

Odyssey Drive

Old Madison Pike

Jan

Dav

is D

rive

Res

earc

h P

ark

Bou

leva

rd

Spar

kman

Dri

ve

Gilmer Drive

Technology Drive

Wyn

n D

rive

Research Drive

Corporate Drive

Bradford Drive

Ente

rpri

se W

ay

Pegasus

Dia

mon

d D

rive

Explorer Boulevard

Expl

orer

Bou

leva

rdEagle Drive

Qua

lity

Cir

cle

Gov

erno

rs W

est

University Drive

Holmes Avenue

Holmes Avenue

Moquin Drive

Farrow Road

B

ob H

eath

Dri

ve

Mark C. Sm

ith Drive

Ben

Gra

ves

Dri

ve

Uni

vers

ity

Gre

enw

ay

Ben

Gra

ves

Dr i

ve

Charger Way

John

Wri

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MIDTOWNEON THE PARK

565

72

More than 50 Years of Success3,843 acres11.8 million square feetAlmost 300 companies totalMore than 26,000 employees13,258 enrolled college students

Cummings Research Park

CRP WestInterior Lots (Lots that do not front Park boulevards, and must be accessed via

non-boulevard roads)

Boulevard Non-Access Lots (Lots that have property frontage on boulevards, but are accessed from non-boulevard roads)

Boulevard Access Lots (Lots that have property frontage on and are directly accessible via boulevards)

Lakeside Lots

Outside of official CRP boundaries

Established in 1962, Cummings Research Park (CRP) is one of the largest and most-respected research parks in the world. Since its inception CRP has grown to become the second-largest science and technology park in the U.S. and fourth-largest in the world.

CRP, as shown here, encompasses 3,843 acres and includes nearly 12 million square feet of administration, laboratory, research and development, classroom and manufacturing space.

Approx. 310 acres of land are available for development in CRP West. In order to stimulate economic development and investment, the price of land per acre in CRP is significantly lower than adjacent property, providing an attractive incentive for new and expanding companies.

Land parcels in CRP West range from four acres (minimum) to 18 acres, but may also be reconfigured to meet company requirements. For each parcel, the City of Huntsville will complete basic site preparation including road access, curbing, drainage, telecommunications, and utilities to the site.

CummingsResearchPark.com Scale in Miles 0 1/4 1/2 3/4

May 2018

Acreage depicted on this map should be confirmed with CRP Director if interested.

For more information and undeveloped land prices, contact Erin Koshut at 256.535.2086 or [email protected]

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8.07AC

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12.71 AC 10.75 AC

12.38 AC7.97 AC

8.75 AC 10.09 AC

10.64 AC

21 AC

11.92AC

7.3 AC

14 AC26.79 AC6.75AC

30 AC

18 AC

6.2 AC

7 AC

10 AC 10.76 AC

12 AC

10.75 AC

8.7 AC

8.64 AC

6.08 AC

6.49 AC

14 AC

11 AC

8.3 AC

6.43 AC

6.22 AC

35.88 AC

43.92 AC

12.3 AC

5.21 AC

24 AC

10.63 AC15.47 AC

13.26 AC

5 AC

18 AC

5 AC

7.19 AC

7.59 AC

5 AC

6 AC

10.23 AC 9 AC

10 AC

5 AC

7 AC6.5 AC

11 AC

6 AC5.35 AC

10 AC

19.69 AC

18.35 AC

19.23 AC

9.3 AC

9.5 AC

9.67 AC

11.78 AC

11.96 AC

11.3 AC

27 AC

86 AC

10.34 AC

7.8 AC

9.6 AC

5.64 AC

5.91 AC

9.2 AC

5 AC

4.6 AC9.3 AC

11.35 AC

51.95 AC

18 AC

9.22 AC

6.78 AC

11 AC8.2 AC

6.4 AC

3.2 AC

7.9 AC

5 AC

~ 50 acresCRP Landmark Site

Discovery Place

Technology CenterStrayer University

Bevill Center

UniversityFitnessCenter

Optics Building

Materials Science Building

Engineering Building/

Admissions

Olin B. KingTechnology Hall

Salmon Library

Business Administrative Building

Premier Preschool

UAH SMAP

Fire Station #12

Morton Hall

North CampusResidence Hall

UniversityCenter/Exhibit Hall

RobertsHall/Roberts Recital Hall

Wilson Hall/Wilson Theatre

Southeast Campus Housing

NursingBuilding

Spragins Hall

Union Grove Gallery &Meeting Hall

Wernher von Braun

Research Hall

Central Campus

Residence Hall

Shelbie King Hall

Credit Union

Physical Plant

Central Receiving & Shipping

Johnson Research

CenterWLRH Radio

Station

Business Services Building/

Copy Center

Social SecurityAdministration

Frank Franz Hall

Amphitheater

Fraternity/Sorority Row

Solar Energy Research

Propulsion Research Lab

Robert “Bud” Cramer Research Hall(NSSTC & NOAA Weather Forecasting Office)

Defense Acquisition University

Chan Auditorium

Charger Union

Intermodal Parking FacilityPublic Safety

Charger Village Food Court

Charger Village I

McDonnell Douglas Auditorium

SWIRLL (Severe Weather InstituteResearch and Lightning Laboratory)

Studio 106

Charger Park

Hampton Inn & Suites Home2 Suites by Hilton

401 Wynn Drive

The Bridges

Park Place

Colonial Centerat Lakeside

Progress CenterResearch Park Office Center

Corporate Office Park

Executive Plaza Office Park

Research Place

Lake 1

Lake 4

Lake 3 Lake 2

Lake 5

306 WynnDrive

4975 Bradford

Park WestCenter

Highland Office Park

Technology Pointe

106 WynnDrive

Bldg. 3

Bldg. 2

Bldg. 1

4815Bradford

305 Quality Circle

635 Discovery

Rainbow Daycare

Intuitive Center atResearch Center

Shelby Center for Science & Technology

Student ServiceBuilding

Columbia High School

Cabela'sCatholic

High School

Faulkner University

103 WynnDrive

215 WynnDrive

The Point

ThorntonResearch Park

University of Alabama in Huntsville Foundation

U.S. ArmyRedstone Arsenal

NASA Marshall SpaceFlight Center

UAHFoundation

(Zoned CRP West)

Huntsville International Airport

Downtown Huntsville

FutureDevelopment

CRP Applications

Bridge Street Town Centre

Future ResearchURS / Siemens /

M3 Superior SolutionsDynetics

General Atomics /Complex IQ

AlabamaSupercomputer /

AlabamaResearch & Education Network

DyneticsMTA /Gideon

Dynetics

DavidsonTechnologies

AT&T

InterFuze

Colsa

Aerojet Rocketdyne

ADTRAN

ADTRAN

AeroVironment

HuntsvilleUtilities

MacroIndustries

HII

Quantum Research

DeltaResearch

Vertiv

A-P-TResearch /

SEACQualitest

Shearer & Associates

Kratos Defense & Security Solutions

MBDA /Titertek Instruments

Lockheed Martin

DESE Research /SENTAR

SPS /MSSI

SimTech /Aranea Solutions /U.S. Army Corps

of Engineers

Baron Services

Lockheed Martin

AT&T

Amtec

Redstone Federal

Credit Union

NorthropGrumman

Benchmark Electronics

TeledyneBrown

Engineering

BizTech

Technical Micronics Controls

General Dynamics

AAR IntegratedTechnologies

Advanced Systems Technology

(United Technologies)

SAIC /FPMI

Rolls Royce /CenturyLink

Selex Galileo /Hawk Enterprises

NorthropGrumman

Dynetics

KRS, LLC /F1 Solutions

ASRC Federal

TARCOG

Radiance Technologies, Inc.OMI

KBRwyle

ERC /Cummings Aerospace

DirecTV

Dynetics

NorthropGrumman

NorthropGrumman

RaytheonCompany

SDI /Sierra Nevada

CINRAMBPI

HuntsvilleHospital

Parsons

Lockheed Martin

Digium, Inc.

AEgisTechnologies

ARSA, P.C.

Sikorsky Aircraft

RockwellCollins

ARC /MDA

Decibel

GarverYulista

Yulista

IRSPeopleTec

Jackson Center

BAE Systems /Orbital ATK /

BWXT

HuntsvilleHospital

Strata-GSolutions

Willbrook Solutions

Avion

KBRwyle

L3 /Summit 7

EADS

Technology Service Corporation / MTS

Dynetics

Raytheon /The SI /

Telephonics

NeXolve /Graham & Co.

SpacehabROC/CAMO

Sigmatech /Victory Solutions /

BRC

Stratolaunch / SnellingJohnson Controls /

Moog / Red Hat

Synapse Wireless /

Leidos

T&W Operations /NetWorx

Dynamic Concepts /SRA

Geocent

Dynetics /Vencore Logicore

Aviagen

S3, Inc.

AT Solution /SESI / KLO

Dynetics Field

Bentley

CFDRC /The Smith Family

Clinic for Genomic Medicine

CSRA / Trimble / Trident Technologies /

DynCorp International /ExoAnalytic Solutions /

Booz Allen Hamilton

Cubic GATRTechnologies

Gleason Research Associates /INTUITIVE /

Pinnacle Solutions

Chugach

LSINC / Trideum

i3 / MCR Qualis

Ares Corp.

Kord Technologies

HudsonAlphaMain

RFCU

Tecvox

HII

Intrepid

Paragon at 511

Voya

ger

Way

Discov

ery D

rive

Odyssey Drive

Old Madison Pike

Jan

Dav

is D

rive

Res

earc

h P

ark

Bou

leva

rd

Spar

kman

Dri

ve

Gilmer Drive

Technology Drive

Wyn

n D

rive

Research Drive

Corporate Drive

Bradford Drive

Ente

rpri

se W

ay

Pegasus

Dia

mon

d D

rive

Explorer Boulevard

Expl

orer

Bou

leva

rd

Eagle Drive

Qua

lity

Cir

cle

Gov

erno

rs W

est

University Drive

Holmes Avenue

Holmes Avenue

Moquin Drive

Farrow Road

B

ob H

eath

Dri

ve

Mark C. Sm

ith Drive

Ben

Gra

ves

Dri

ve

Uni

vers

ity

Gre

enw

ay

Ben

Gra

ves

Dr i

ve

Charger Way

John

Wri

ght D

rive

MIDTOWNEON THE PARK

565

72

More than 50 Years of Success3,843 acres11.8 million square feetAlmost 300 companies totalMore than 26,000 employees13,258 enrolled college students

Cummings Research Park

CRP WestInterior Lots (Lots that do not front Park boulevards, and must be accessed via

non-boulevard roads)

Boulevard Non-Access Lots (Lots that have property frontage on boulevards, but are accessed from non-boulevard roads)

Boulevard Access Lots (Lots that have property frontage on and are directly accessible via boulevards)

Lakeside Lots

Outside of official CRP boundaries

Established in 1962, Cummings Research Park (CRP) is one of the largest and most-respected research parks in the world. Since its inception CRP has grown to become the second-largest science and technology park in the U.S. and fourth-largest in the world.

CRP, as shown here, encompasses 3,843 acres and includes nearly 12 million square feet of administration, laboratory, research and development, classroom and manufacturing space.

Approx. 310 acres of land are available for development in CRP West. In order to stimulate economic development and investment, the price of land per acre in CRP is significantly lower than adjacent property, providing an attractive incentive for new and expanding companies.

Land parcels in CRP West range from four acres (minimum) to 18 acres, but may also be reconfigured to meet company requirements. For each parcel, the City of Huntsville will complete basic site preparation including road access, curbing, drainage, telecommunications, and utilities to the site.

CummingsResearchPark.com Scale in Miles 0 1/4 1/2 3/4

May 2018

Acreage depicted on this map should be confirmed with CRP Director if interested.

For more information and undeveloped land prices, contact Erin Koshut at 256.535.2086 or [email protected]

DRIV

EN B

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LITTLE COVE RD.

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SUTTON RD.

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SLAU

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SPARKMAN DR.

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LILY FLAGG RD.

CARL T. JONES DR.

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DUG

HILL

RD.

FOUR MILE POST RD.

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HWY.

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HOBBS RD.

DRAKE AVE.

AIRPORT RD.

BOB WALLACE

MASTIN LAKE RD.

OAKWOOD AVE.

PLUMMER RD.

BLAKE BOTTOM RD.

CAPSHAW RD.CAPSHAW RD.

DOUGLAS RD.

NICK DAVIS RD.NICK DAVIS RD.

BOB WALLACE

JORDAN LANE

RESE

ARCH

PAR

K BL

VD.

UNIVERSITY DR.

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RIAL

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ZIER

DT R

D.

35810

35806

35758

35757

35824

35808

35801

35802

35763

35741

35748

35811

35816

3580535756

35749

35773

Redstone Arsenal

HuntsvilleInternational

Airport

Lim

esto

ne C

ount

y

Madi

son

Coun

ty

Neighborhood Market

Neighborhood Market

Neighborhood Market

Strong Station

Neighborhood Market

The Crossing in Jones Valley

(Planned)

Valley Bend at Jones Farm

Westside Center

The Shoppes of Madison

Parkway Place

M E D I A N H O U S E H O L D I N C O M E

For more information contact:

Ken Smith, DirectorResearch & Information Services

Huntsville/Madison CountyChamber 225 Church StreetHuntsville, Alabama 35801

[email protected]

P O P U L A T I O N

35 mile radius: 701,019

50 mile radius: 1,033,470

Regional Market: 1,167,317

(13 county region)

M E D I A N H O U S E H O L DI N C O M E

35 mile radius: $53,247


Regional Market: $47,940

(13 county region)

Source : ESRI

May 2018

$80,000 & Over

$70,000 - $79,999

$60,000 - $69,999

$50,000 - $59,999

$40,000 - $49,999

$30,000 - $39,999

Less than $29,999

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TY L

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RD. OLD MADISON PIKE

BALC

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.

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ES R

D.

JEFF

RD.

WINCHESTER RD.

PULA

SKI P

IKE

RIDE

OUT

RD.

MARTIN RD.

WEATHERLY RD.

LITTLE COVE RD.

OLD 431 HWY

RYLAND PIKE

BAILEY COVE RD.

SUTTON RD.

SHIE

LDS

RD.

SLAU

GHTE

R RD

.

MILL RD.

SPARKMAN DR.

WHI

TESB

URG

DR.

LILY FLAGG RD.

CARL T. JONES DR.

MOUNTAIN GAP RD.

DUG

HILL

RD.

FOUR MILE POST RD.

BOB WADE LANE

WAL

L TRI

ANA

HWY.

WAL

L TRI

ANA

HWY.

PATT

ON R

D.

NANC

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.

PROV

IDEN

CE M

AIN

ST.

ANDR

EW

JACK

SON

WAY

LEDGES DR.

HOBBS RD.

DRAKE AVE.

AIRPORT RD.

BOB WALLACE

MASTIN LAKE RD.

OAKWOOD AVE.

PLUMMER RD.

BLAKE BOTTOM RD.

CAPSHAW RD.CAPSHAW RD.

DOUGLAS RD.

NICK DAVIS RD.NICK DAVIS RD.

BOB WALLACE

JORDAN LANE

RESE

ARCH

PAR

K BL

VD.

UNIVERSITY DR.

MEMO

RIAL

PKW

Y

MEMO

RIAL

PKW

Y

GOVERNORS DR.

OLD MONROVIA RD.

ZIER

DT R

D.

35810

35806

35758

35757

35824

35808

35801

35802

35763

35741

35748

35811

35816

3580535756

35749

35773

Redstone Arsenal

HuntsvilleInternational

Airport

Lim

esto

ne C

ount

y

Madi

son

Coun

ty

Neighborhood Market

Neighborhood Market

Neighborhood Market

Strong Station

Neighborhood Market

The Crossing in Jones Valley

(Planned)

Valley Bend at Jones Farm

Westside Center

The Shoppes of Madison

Parkway Place

M E D I A N H O U S E H O L D I N C O M E

For more information contact:

Ken Smith, DirectorResearch & Information Services

Huntsville/Madison CountyChamber 225 Church StreetHuntsville, Alabama 35801

[email protected]

P O P U L A T I O N

35 mile radius: 701,019

50 mile radius: 1,033,470

Regional Market: 1,167,317

(13 county region)

M E D I A N H O U S E H O L DI N C O M E



Regional Market: $47,940

(13 county region)

Source : ESRI

May 2018

$80,000 & Over

$70,000 - $79,999

$60,000 - $69,999

$50,000 - $59,999

$40,000 - $49,999

$30,000 - $39,999

Less than $29,999


2018RETAIL MARKET TOTAL SF VACANT SF 2015 2016 2017 2018

UNIVERSITY WEST 3,142,697 SF 370,275 SF 18.74% 11.78% 6.93% 8.71%

HIGHWAY 72/MADISON 2,780,223 SF 191,215 SF 6.13% 6.88% 6.30% 7.39%

JONES VALLEY/HAMPTON COVE 2,086,018 SF 92,587 SF 3.55% 4.44% 4.71% 3.17%

SOUTH HUNTSVILLE 2,750,708 SF 220,688 SF 10.02% 8.02% 11.20% 12.20%

NORTH HUNTSVILLE/HARVEST 1,898,159 SF 277,587 SF 18.49% 14.62% 8.34% 8.34%

TOTAL RETAIL 12,657,805 SF 1,152,352 SF 12.01% 9.10% 7.49% 7.73%

VACANCY RATE

Retail Market Overview

HUNTSVILLE RETAIL MARKET OVERVIEW

[14.1 MILLION SF TOTAL]


Vacancy for Huntsville’s Retail market increased

slightly to 7.73% in 2018. The overall retail market

is healthy and multiple new projects are currently under construction or in the pipeline. Many retailers are locating in multi-use projects to capture the live-work-play concept trending across the nation.

Vacancy rates were flat nationally at 10.2% in 2018 for neighborhood and regional shopping centers while regional mall vacancy increased to 9.3%. Repurposing of the regional mall is in full swing with many owners and investors choosing to convert the space to other uses including industrial, athletic, hotel, and office.

The Madison/Highway 72 market experienced vacancy of 7.39%, up slightly from 2018. This market is the most active for new construction as developers try to meet the City of Madison’s population growth. New retail projects have been announced for Town Madison, The Shoppes at Redstone, The Village of Providence, and other retail centers.

Huntsville’s largest retail submarket, University Drive, had a slight increase in vacancy as well with a 2018 rate of 8.71%. MidCity Huntsville, a new development at the former Madison Square Mall site, announced several new tenants in 2018 including Dave & Busters, Pies & Pints, REI, and Highpoint.

DULUTH TRADING COMPANYDuluth opened its first store in the Huntsville/

Madison area.

CHAR RESTAURANTChar opened its first Huntsville location and is

located at Merchants Walk.


Retail Market Overview

Total SF

Vacant

5

SF

3

2

4

1

0Neighborhood Neighborhood

AnchoredPower Center Large BoxEnclosed Mall

2018

MIL

LIO

NS 3.0 M

527 K

3.1 M

164 K

621 K

21 K

3.2 M

69 K314 K

4.3 M

North Huntsville vacancy rate declined to 5.25%, down from 8.34% in 2017. HC Blake, a local HVAC and plumbing company, announced plans to relocate to a retail center being redeveloped and repurposed on North Memorial Parkway. The former Gander Mountain location, also on North Parkway, was backfilled by Rural King, a farm and home retailer.

South Huntsville vacancy increased to 12.20%, representing the largest vacancy of Huntsville’s markets. Construction on South Parkway is now complete, so vacancy should start improving. Plans are calling for the redevelopment of a large, almost

empty retail center on South Parkway and some mixed-use projects around Grissom High School.

Vacancy for the Jones Valley and Downtown markets was 3.17% in 2018. The second phase of Merchants Walk added Chuy’s and Char restaurants as tenants. The Avenue, a multi-family development in the CBD offering first floor retail, announced Melt as a new tenant. Four new hotels in the downtown area are slated to open in the next two years.

RETAIL VACANCY RATES BY TYPE

2018

TYPE VACANCY RATE

NEIGHBORHOOD 10.28%

NEIGHBORHOOD/ANCHORED 12.34%

POWER CENTER 5.36%

ENCLOSED MALL 3.33%

LARGE BOX 2.18%

TOTAL RETAIL SF BY TYPE

EnclosedMall

Large Box

24%

Power Center

22%

Neighborhood

22%

5%

NeighborhoodAnchored

31%


Recent Graham Activities

REDSTONE GATEWAY

21,390 SF – 4100 Market Street Huntsville, AL Graham represented the landlord in leasing this office space at Redstone Gateway to Spaces.Agents: Bart Smith, CCIM, SIOR / Jeremy D. Pope, CCIM, SIOR / Tyler Fanning, SIOR

LEASED

4991 CORPORATE DRIVE

181,744 SF – 4991 Corporate Drive Huntsville, ALGraham represented Dynetics in purchasing this office building in Cummings Research Park.Agents: Bart Smith, CCIM, SIOR / Jeremy D. Pope, CCIM, SIOR

5000 BRADFORD DRIVE

63,441 SF – 5000 Bradford Drive Huntsville, ALGraham represented Northrop Grumman in its lease of office space within Cummings Research Park.Agent: Bart Smith, CCIM, SIOR

REDSTONE GATEWAY

17,538 SF – 4000 Market Street Huntsville, ALGraham represented the landlord in leasing this office space to CGI.Agents: Bart Smith, CCIM, SIOR / Jeremy D. Pope, CCIM, SIOR / Tyler Fanning, SIOR

LEASEDSOLD

4950 GILMER DRIVE

24,721 SF – 4950 Gilmer Drive Huntsville, ALGraham represented Aclara in leasing this office/warehouse facility within Cummings Research Park.Agent: Bart Smith, CCIM, SIOR

1525 PERIMETER PARKWAY

8,278 SF – 1525 Perimeter Parkway Huntsville, AL Graham represented a general contractor in its lease of office space.Agent: Tyler Fanning, SIOR

LEASED

LEASED

LEASED



270 PRODUCTION AVENUE

10,000 SF – 270 Production Avenue Madison, AL Graham represented the landlord in leasing this industrial space in the Jetplex area.Agent: Jeremy D. Pope, CCIM, SIOR

LEASED

470 BLAKE BOTTOM ROAD

10,000 SF 470 Blake Bottom Road Huntsville, AL Graham represented the landlord in leasing this industrial facility to American Wind.Agent: Jeremy D. Pope, CCIM, SIOR

JETPLEX CENTER

60,000 SF – 799 James Record Road Huntsville, AL Graham represented the landlord in leasing this space to GFA Alabama.Agent: Jeremy D. Pope, CCIM, SIOR

2707 UNIVERSITY DRIVE

1.43 Acres – 2707 University Drive Huntsville, AL Graham represented the purchaser in the disposition of this land parcel for a carwash development.Agent: Bart Smith, CCIM, SIOR

LEASEDLEASED

212 EXPORT CIRCLE

6,000 SF – 212 Export Circle Huntsville, AL Graham represented the landlord in leasing this industrial facility in Spacegate Industrial Park.Agent: Jeremy D. Pope, CCIM, SIOR

PROGRESS CENTER

3,689 SF – 6767 Old Madison Pike Huntsville, ALGraham represented Orkin in its lease of space at Progress Center.Agent: Tyler Fanning, SIOR

LEASED

SOLD

LEASED



2100 WEST FERRY WAY

6,700 SF – 2100 West Ferry Way Huntsville, AL Graham represented Soles Dance Studio in leasing this facility.Agent: Tyler Fanning, SIOR

LEASED

355 QUALITY CIRCLE

36,227 SF – 355 Quality Circle Huntsville, AL Graham represented the landlord in leasing this industrial facility.Agent: Tyler Fanning, SIOR

1.5 ACRES OF LAND SALE

1.5 ACRES – Madison Boulevard Madison, ALGraham represented the owner in the disposition of this land to Family Security Credit Union.Agent: Tyler Fanning, SIOR

481 FIRE TOWER ROAD

82,500 SF – 481 Fire Tower Road Grant, AL Graham represented the owner in the disposition of this industrial facility.Agent: Jeremy D. Pope, CCIM, SIOR

SOLDLEASED

JETPLEX CENTER

6,000 SF – Jetplex Center, Wall Triana Hwy. Huntsville, AL Graham represented the landlord in leasing this industrial space to a Toyota supplier.Agent: Jeremy D. Pope, CCIM, SIOR

STOVEHOUSE

37,277 SF – Stovehouse 3414 Governors Drive Huntsville, AL Graham represented Vertiv in its lease of space at Stovehouse.Agent: Jeremy D. Pope, CCIM, SIOR

LEASED

SOLD

LEASED


3219 SEXTON ROADDECATUR, AL

AVAILABLE FOR SALE: 53,000 SF

• Industrial facility comprised of 2 buildings with covered docking area

• Rail access available• 3 phase 480V power

• 14’ – 23’ ceiling height

Contact: Jeremy D. Pope, CCIM, SIOR

[email protected]

For Sale or Lease

PHYSICIANS’ PLAZAPHYSICIANS’ PLAZA

1297 COUNTY LINE ROADMADISON, AL

AVAILABLE FOR LEASE: 184,000 SF

• Located in the Jetplex area with convenient access to I-565

• 14,000 KVA power

• 18’ – 24’ ceiling height

• 4 dock doors; 3 drive-in doors


[email protected]

MOORES MILL BUSINESS PARK – VINTAGE DRIVEHUNTSVILLE, AL

AVAILABLE FOR SALE OR LEASE: UP TO ±800,000 SF

• Located in Chase Industrial Park• Former pharmaceutical campus comprised of 3 buildings totaling

±800,000 sf and situated on 105 acres• Immediate access to Highway 72; only 2 miles to I-565

Contact: Jeremy D. Pope, CCIM, SIOR [email protected]

3219 SEXTON ROAD

1297 COUNTY LINE ROAD

MOORES MILL BUSINESS PARK

140 SPARKMAN DRIVEHUNTSVILLE, AL

AVAILABLE FOR LEASE: UP TO 219,000 SF

• Industrial flex campus comprised of three buildings• Located in Cummings Research Park

• Located in Opportunity Zone

Contacts : Bart Smith, CCIM, SIOR [email protected]

140 SPARKMAN DRIVE

1241 GNAT POND ROADLEIGHTON, AL


• 100% conditioned facility

• 25’ to 33’ ceiling height

• Dock high and ground level loading

• Situated on 10 acres


[email protected] 1241 GNAT POND ROAD

Tyler Fanning, SIOR [email protected]


123 LINDSEY ROADCULLMAN, AL


• Historic building completely remodeled in 2015• Ideal for restaurant or brewery; suitable for a variety of uses

• Less than 1 mile from I-65

Contacts: Bart Smith, CCIM, SIOR [email protected]

For Sale or Lease


7531 BAILEY COVE ROADHUNTSVILLE, AL


• Situated in the heart of Jones Valley near the intersection of Bailey Cove and Cecil Ashburn

• Highly visible location with street front signage opportunities

Contacts: Bart Smith, CCIM, SIOR [email protected]

23366 BIBB GARRETT ROADTANNER, AL

AVAILABLE FOR LEASE: 305,760 SF• Class A industrial facility at the NW corner of I-65 and I-565• Only 1.5 miles to the interstate exchange• Expandable by 200,000 SF • 32’ clear height• Now pre-leasing; custom TI packages and incentives available

Contact: Bart Smith, CCIM, SIOR [email protected]

123 LINDSEY ROAD

7531 BAILEY COVE ROAD

23366 BIBB GARRETT ROAD

2601 ARTIE STREETHUNTSVILLE, AL


• Flex facility offering 2,000 SF of office space and 3,000 SF suitable for warehouse or light manufacturing

• 3 Phase power

• 2 Drive-in doors

Contacts: Bart Smith, CCIM, SIOR [email protected] ARTIE STREET

355 QUALITY CIRCLEHUNTSVILLE, AL


• Office space comprised of open cubicle area, individual offices, conference room, and break room

• Located in Thornton Research Park with convenient access to Old Madison Pike, Research Park Boulevard and I-565

• LEED certified construction

Contacts: Jeremy D. Pope, CCIM, SIOR

[email protected] QUALITY CIRCLE

Tyler Fanning, SIOR

[email protected]

Tyler Fanning, SIOR

[email protected]

Tyler Fanning, SIOR

[email protected]


2013 COX AVENUEHUNTSVILLE, AL


• Central Huntsville location within the HUBZone

• Two-story building offers a mix of office, showroom and

warehouse space

Contact: George Twitty, Jr. [email protected]

For Sale or Lease


4515 HIGHWAY 31 SOUTHDECATUR, AL

AVAILABLE FOR SALE: 2.86 ACRES

• Parcel offers frontage on Highway 31 S• Zoned for light industrial use• 2,250 SF metal building on site

Contact: Tyler Fanning, SIOR [email protected]

2013 COX AVENUE

4515 HIGHWAY 31 SOUTH

912 WINCHESTER ROADHUNTSVILLE, AL


• Facility comprised of 2 buildings and offers a gravel yard area

• Close proximity to Chase Industrial Park

• Convenient to Highway 72 East, I-565, and Memorial Parkway

Contact: George Twitty, Jr. [email protected]

912 WINCHESTER ROAD

COUNTY LINE ROAD LANDMADISON, AL

AVAILABLE FOR SALE: 4 ACRES

• Parcel offers 348’ frontage along County Line Road

• Convenient access to Madison Boulevard, I-565 and Highway 72

Contact: Tyler Fanning, SIOR [email protected]

COUNTY LINE ROAD LAND

12310 HIGHWAY 231MERIDIANVILLE, AL


• Highly visible location along Highway 231

• Suitable for a variety of uses

• Located on a 0.67–acre outparcel of Flint Crossing Market Place,

a Publix anchored shopping center

Contact: Tyler Fanning [email protected] PNC BANK BRANCH


Graham Huntsville Group

Jeremy D. Pope, CCIM, SIOR

SENIOR VICE PRESIDENT

[email protected]

JOINED GRAHAM & COMPANY: 2000

AFFILIATIONS/HONORS:

• Certified Commercial Investment

Member (CCIM) designation

• Society of Industrial & Office

Realtors (SIOR) designation

• Member NAIOP – AL Chapter

• Huntsville/Madison County Convention & Visitors Bureau,

Board Member

CLIENTS INCLUDE:

• AZ Technology • Boneal Aerospace • Custom Assembly

• Kaman International • Parksite • Space & Rocket Center

• 9 Round Fitness • Intergraph • Huntsville Hospital

• Kuehne & Nagel • Harris Corporation

• International Truck & Engine

TYLER FANNING, sior

VICE PRESIDENT

[email protected]





• CCIM Candidate (Certified

Commercial Investment Member)

• Huntsville Rotaract Club,Member

• Huntsville Committee of 100 Young Professionals

Initiative, Member

• Huntsville High School Wrestling Coach

CLIENTS INCLUDE:

• MITRE • Prometric • PNC Bank • Aerospace Corporation

• Stephen Gould Corporation • Wells Fargo Securities

• Southern Research • DRS • LBYD Engineering

GEORGE TWITTY, JR.VICE PRESIDENT

[email protected]



Alabama Real Estate Salespersons

License – 2018

BART SMITH, CCIM, SIOR

MANAGING BROKER

[email protected]



• Certified Commercial Investment

Member (CCIM) designation



• Alabama Commercial Real Estate Center (ACRE),

Leadership Council

• Alabama CCIM Chapter, VP of Board of Directors

• Huntsville Rotary Club, Strive Mentor

• Salvation Army – Advisory Board

• First Methodist Church – Board of Directors

CLIENTS INCLUDE:

• Sanmina-SCI • Northrop Grumman • Cisco • COPT

• Stanley Corporation • Wells Fargo Securities • DirecTV

• ATK • MITRE • Dynetics • AEGON • Orbital Sciences

• Booz Allen Hamilton • MetLife • Rockwell Collins

ERIKA HARLESSREAL ESTATE ASSISTANT

[email protected]


ERIKA HARLESSREAL ESTATE ASSISTANT

[email protected]



Copyright © 2019

Reproduction, in whole or part, of this report is prohibited.

Information deemed reliable, but not guaranteed.

Special thanks to Hiroko Sedensky and the Huntsville/Madison

County Chamber for providing the Cummings Research Park

map and the Major Retail Stores map, pages 10-13.

1801 Fifth Avenue

Suite 300

Birmingham, AL 35203

TEL 205.871.7100

FAX 205.871.3331

| B I R M I N G H A M

grahamcompany.com

305 Church Street

Suite 710

Huntsville, AL 35801

TEL 256.382.9010

FAX 256.382.9011

| H U N T SV I L L E

100 Richard Jackson Blvd.

Suite 115

Panama City Beach, FL 32407

TEL 850.563.1500

FAX 850.563.1504

| G U L F C OA S T

CORPORATE

Steve Graham MAI, CRE, Chairman

Mike Graham, CCIM, SIOR, President

OFFICE & INDUSTRIAL

Jeremy D. Pope, CCIM, SIOR

Tyler Fanning, SIOR

George Twitty, Jr.

MANAGING BROKER

Bart Smith, CCIM, SIOR

REAL ESTATE ASSISTANT

Erika Harless

GRAHAM & COMPANY PERSONNEL - Huntsville, Alabama

305 Church Street, Suite 710Huntsville, AL 35801TEL 256.382.9010

grahamcompany.com

BIRMINGHAM HUNTSVILLE GULF COAST

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