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Commercial Property Development

"NAI Chase Commercial is a property development leader in creative retail, office, industrial and land commercial property development applications that reflect sensitivity to the functional needs of the market."

NAI CHASE COMMERCIAL PROPERTIES LLC, a developer affiliate, was formed in 1992 to specialize in development and acquisition programs for its partners and retail, office and industrial property development clients. The principals have over 70 years of combined real estate development experience approaching $300 million in total property development activity. Each property development undertaken employs a participatory process that brings together landowners, tenants, engineers, architects, contractors, lenders, policy makers and citizens to create value for our retail, office, industrial and land development clients and the community. The foundation for NAI Chase Commercial’s success is a simple commitment to quality and value-added service.

PRODUCT TYPES AND EXPERIENCE

RETAIL PROPERTY DEVELOPMENT: Total of $100 million of retail property developed: NAI Chase principals have developed over 1.3 million square feet of anchored neighborhood shopping centers, retail centers and drug stores throughout the Southeast.

2006-07 retail acquisition and redevelopment in Huntsville, Alabama includes Village on Whitesburg, a 118,000 sq ft anchored center, situated at 4800 Whitesburg Dr, and considered “main & main” crossroads in the most affluent part of city. The Village has been remodeled inside and out during the past two years by Chase Group Partners, which developed the center 20 years ago, sold it and bought it back just as the 44,000-sf Winn-Dixie grocery was about to close. Fresh Market, 22,000 sq ft serves as the anchor with balance of the Winn-Dixie space divided into boutique-size shops. Bonefish Grill, Panera Bread Co. AT&T, Nothing But Noodles et al followed the Fresh Market opening last year.

Chase Commercial recently remodeled Flint Crossing Market Center, a 64,825 sq ft Publix anchored shopping center. Some other clients served include Bruno's, Bi-Lo, Home Depot, Winn Dixie, Eckerd, CVS, Rite-Aid and a number of regional and national convenience oriented retailers. The affiliation with NAI Chase positions our retail property development clients to penetrate any market in the U.S. by providing local real estate expertise and a powerful "built-in" community network

See Previous Retail Developments Link

OFFICE AND INDUSTRIAL PROPERTY DEVELOPMENT:Total of $145 million of office property developed: NAI Chase has considerable experience with the acquisition, re-development, and development of office buildings totaling over 2.0 million square feet.

Recent new light industrial development in Huntsville, Alabama includes completion of a 12,600 square foot lease-build service headquarters for TVA, and a 50,000 square foot build-to-suit facility for Shearwater Polymers, a research-based drug delivery and manufacturing company. Recent "turn-around" acquisitions are Park Place, an 80,000 sq ft multi-tenant office building, and Bradford Building I, 30,000 sq ft and Building II, 60,000 sq ft office complex.

NAI Chase Commercial has implemented a systematic office and industrial property development program that includes due diligence, acquisition, renovation, lease-up, and on-going professional property management. We specialize in build-to-suit Industrial and Office property development.

See Previous Office Developments Link

RESIDENTIAL PROPERTY DEVELOPMENT:Total of $85 million of residential property developed: NAI Chase principals have worked in a variety of residential projects including apartment and condo development, residential construction, and land development.

Our offices in Huntsville, Alabama, and Birmingham, Alabama are strategically located to serve North and Central Alabama areas of: Gadsden, Anniston, Jacksonville, Oxford, Lincoln, Pell City, Madison, Decatur, Athens, Athens, Tuscaloosa, Cullman, Sulligent, Hamilton, Stevenson, Talladega, Huntsville and Birmingham, Alabama.

Contact Information

Birmingham Office

3100 Lorna Road
Suite 100
Birmingham AL 35216
United States

Tel +1 (205) 201-7300
Fax +1 (256) 533-3798

Huntsville Office

P.O. Box 18153
Huntsville AL 35804-8153

Tel +1 (888) 539-1686
Fax +1 (256) 533-3798