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NAI Chase Commercial Real Estate Facilitates Multi-Million Dollar Sale of Lincoln Center in Huntsville, AL

Huntsville, AL – January 24, 2024 – NAI Chase Commercial, a distinguished member of the world’s premier managed network of commercial real estate firms, proudly announces its successful representation in the multi-million-dollar sale of Lincoln Center, located at 200 Oakwood Ave. NE, Huntsville, AL. The transaction marks Montana Property Group’s third shopping center acquisition in the Huntsville market within the past six months.

Mark Elrod, Senior Vice President of Retail at NAI Chase Commercial, highlighted the significance of Lincoln Center’s role in the ongoing transformation of the Downtown Huntsville and Five Points areas. “Lincoln Center is a neighborhood center poised for redevelopment within the next three to five years, contributing additional retail shops and restaurants to enhance the local landscape,” stated Elrod.

The Downtown and Five Points areas have witnessed a substantial transformation in recent years, emerging as a target market for numerous retailers and restaurants. Eric Gonzalez-Tablada, Retail Director for the Huntsville Office, emphasized the strategic importance of this sale. “This transaction is the latest in a series of major deals NAI Chase has successfully represented in North & Central Alabama, underscoring the continued robust demand for retail spaces in the region,” noted Gonzalez-Tablada.

Lincoln Center, anchored by Roses’s Department Store, features notable additions, including Cinco de Mayo Mexican Grill, The Note Jazz Club & Grill, Foxhole Restaurant & Lounge, and Krab Kingz Seafood. The center comprises over 80,000 square feet of retail space and was sold for an undisclosed price.

This sale reinforces NAI Chase Commercial’s commitment to facilitating significant transactions and contributing to the dynamic growth of North & Central Alabama’s commercial real estate landscape.

About NAI Chase Commercial

NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail, Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial

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, Europe, Africa, and Asia Pacific, with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

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.

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