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Jo Anne McCusker, B. Riley Financial 646.885.5425 or email@example.com
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B. Riley Real Estate and NAI Chase Commercial Announce Property Listing of 800,000 Square Foot Renowned Huntsville Manufacturing Campus
Huntsville, AL, January 20, 2021 – B. Riley Real Estate (“B. Riley”), NAI Global and its Huntsville, AL office, NAI Chase Commercial (“NAI”) today announced the offering of a renowned Huntsville facility featuring nearly 800,000 square feet of manufacturing, office, laboratory, common area, and distribution space on a 112-acre campus. The property includes approximately 14 acres of expansion space. B. Riley and NAI are serving as co-listing agents in connection with the recent bankruptcy and asset disposition of Remington Outdoor Co. (“Remington”).
Jim Terrell and Al Lieberman with B. Riley Real Estate, a national real estate firm and affiliate of B. Riley Financial, are leading the property listing in partnership with Douglas McCullough, CCIM and Randy Thomas with NAI Chase Commercial in Huntsville, AL and Cliff Moskowitz with NAI Global in New York, NY.
The former Remington Manufacturing Complex, located at 1815 Remington Trail SW in Huntsville, is part of the Jetplex Industrial Park, minutes west of downtown Huntsville immediately off I-565 and proximate to the I-65 corridor. Situated within a designated foreign trade zone and adjacent to the Huntsville International Airport and the International Intermodal Center, its proximity to multi-modal air cargo and freight rail access make this facility a prime location. State and local incentive programs are available to facilitate a relocation into the market.
Constructed in 1988, the 553,868-square-foot manufacturing facility offers sophisticated laboratory, machining, and testing infrastructure and capabilities. Features include 35’ x 50’ column spacing, 20’ clear height, 25’ loading doors, and an onsite electrical substation. The facility includes over 20,000 square feet of office space, a full-service cafeteria, break rooms and locker facilities. Directly adjacent to the manufacturing plant is a 14-acre prepared construction site allowing for expedited future expansion and buildout.
Two commercial buildings are available for sale or lease, including a single-level office/laboratory (119,750 sq. ft.) and a two-story administrative office building (106,419 sq. ft.) with an additional reception and auditorium space (16,419 sq. ft.) which connects the buildings. Added to the complex in 1989, each of the buildings offer turnkey features and significant existing infrastructure such as finished office spaces, cubicles, IT wiring and robust security/CCTV capabilities. The facility also includes a full-service food preparation space, dedicated cafeteria and breakroom areas.
Nationally recognized as a center of advanced manufacturing, information technology, life sciences, aerospace, and military defense, Huntsville is one of the strongest markets in the southeastern United States. The city’s growth over the last decade has significantly outpaced state and national benchmarks, driven in large part by the presence of NASA and other federal agencies at Redstone Arsenal, along with private sector growth within the Cummings Research Park and other industrial parks in the region.
Given the depth of aerospace/defense, advanced manufacturing, and technology companies in the market, Huntsville boasts a sophisticated, well-trained workforce sourced from the surrounding five-county area. Recognized as one of America’s leading technology communities, Huntsville has one of the strongest per capita concentrations of engineers and PhDs in the United States. With a pro-business climate, first-class existing infrastructure, and a large highly skilled workforce, Huntsville is a compelling option for companies looking to relocate operations.
The offering is going to market unpriced. The vacant properties are available for immediate sale or lease. Interested parties should contact one of the listing professionals for additional information or to arrange a tour:
|Douglas McCullough, CCIM
About B. Riley Real Estate
B. Riley Real Estate provides companies, financial institutions, investors, family office, and individual real estate owners and tenants with tailored solutions to preserve and maximize real estate value. Solutions span acquisitions and sales, lease restructuring, construction dispute services, rent reductions, terminations and renewals; sale-leasebacks and auctions; and capital solutions to support acquisitions and dispositions. B. Riley Real Estate serves clients across the retail, office, education, industrial, manufacturing, distribution centers, restaurant, grocery store, multi-family housing and health services industries. B. Riley Real Estate is an affiliate of B. Riley Financial, Inc. (NASDAQ:RILY), a diversified financial services provider. To learn more, visit www.brileyfin.com/realestate.
About NAI Chase Commercial
NAI Chase Commercial is recognized as one of the top full service commercial real estate companies in Alabama, with offices in both Birmingham and Huntsville, Alabama. In addition, NAI Chase Commercial is an Accredited Management Organization® (AMO®), a designation granted by the Institute of Real Estate Management in recognition of quality standards and best practices in property management and leasing services. The firm has been operating in Alabama and the Tennessee Valley since its founding in 1985. NAI Chase Commercial and its principals have over $320 million and 60 years of combined real estate experience, is a leading full-service real estate organization with the ability to handle all facets of real estate transactions. Services include Office, Industrial and Retail Leasing and Sales, Commercial Development, Property Management, Asset Management, Facilities Management, Investment Brokerage and Construction/Renovation. To learn more, visit www.chasecommercial.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
Based in New York, NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com