HUNTSVILLE, AL – September 26, 2023 – Chase Commercial Real Estate, a member of the…
September 7, 2022
NAI Chase Commercial Real Estate Represents Kratos Defense & Security Solutions, Inc., in Lease Renewal of 37,285 Square Feet at 4904 Research Drive, Huntsville, Alabama
Huntsville, AL – September 7, 2022 – NAI Chase Commercial Real Estate, an office of NAI Global, announced today it has successfully negotiated a 10-year lease renewal on behalf of Kratos Defense & Security Solutions, Inc., at the company’s local headquarters building at 4904 Research Drive in Cummings Research Park.
The process included a negotiation for a change in the company’s lease structure as well as the construction of an additional high-bay structure on the site to serve the company’s government customers.
“We were represented by Randy Thomas and Rick Davis, and simply put, the end result was favorable terms and a facility expansion plan supportive of our growth in the Huntsville market,” said Charles Farmer, Senior Vice President for Kratos.
“It’s our opinion that this lease renewal is a confirmation of Kratos’ commitment to our community and their local and national customers,” Thomas said. “Rick and I were honored to have been able to represent them, and this is the latest transaction among several we’ve done in North Alabama, demonstrating a steady demand for commercial space in the aerospace and defense sector.”
In addition to the representation by NAI Chase Commercial, the landlord was represented locally by Kyle Collins, Collier’s International.
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 60 years of combined real estate experience and 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.
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 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $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. To learn more, visit www.naiglobal.com.