PRESS RELEASE Huntsville, AL – October 7, 2021

NAI Chase Commercial Real Estate Represents Multi-Million Dollar Sale of Former Golden Corral Restaurant Building

HUNTSVILLE, Alabama – October 7, 2021– NAI Chase Commercial Real Estate, an office of NAI Global, a leading global commercial real estate brokerage firm, announced today that it represented the sale of 12,450 Sq. Ft. former Golden Coral Restaurant Building located at 4920 University Drive in Huntsville, Alabama owned by a New York Investor.  Vanessa Morris and Mark Elrod with NAI Chase Commercial represented the seller.

“Selling a property in the difficulties created by the COVID-19 pandemic was a stressful and a volatile situation for the property owner.   The focus for many restaurants became smaller venues requiring a drive thru and/or outdoor seating, neither of which were attributes to this property.  The owner lost a national credit tenant paying very strong rent, and the intensity level was high to maintain lost rent and property value.  In the end we sold a vacant property very close to the original purchase price while occupied. This was a great team win”, said Mark Elrod, Sr. Vice President, Retail of NAI Chase Commercial Real Estate. 

“This sale verifies the attraction to Huntsville and the growth this city is experiencing and the property’s location”, said Vanessa Morris, Retail Specialist of NAI Chase Commercial Real Estate.  “This sale is the latest of several recent major transactions we’ve represented in North and Central Alabama, demonstrating a clear demand for retail and other types of commercial properties.”


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 6,700 local market professionals, managing in excess of over 1.15 billion square feet of property.  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 or www.naiglobalnewslink.com

 

PRESS RELEASE Huntsville, AL – October 5, 2021

NAI Chase Commercial Represented $4,146,750 Sale of Creekside, a 71,200 SF Multi-Tenant Office/Retail/Flex Complex on Behalf of Jim Vaughn with Southern States Leasing Company

HUNTSVILLE, AL October 5, 2021 – NAI Chase Commercial, an office of NAI Global, a leading global commercial real estate brokerage firm, announced today that it represented the sale of Creekside a ~71,200 SF Multi-Tenant Office/Retail/Flex Complex located at 2315 Bob Wallace Avenue and 2809 Newby Road owned by Southern States Leasing Company and sold to Creekside HSV, LLC.

“Conditions are prime for those looking to sell their investment property. A local investor purchased Creekside, as a value-add property with a strong rent roll and excellent upside potential. This sale is just one of the latest of several recent major transactions we’ve represented in Huntsville and the greater Alabama market. We work hard to bring value to each of our clients with the goal of exceeding their expectations. We invite you let us help you with your commercial property acquisition or disposition”, said Ashley Farrell. 

Creekside consists of five multi-tenant commercial buildings totaling ~71,200 square feet along with a parking pad on over 6 acres. The property offers retail, office, and office with warehouse space with some units including a garage door on grade. Creekside is centrally located in Huntsville less than a half mile from Whole Foods and other fine shops in Merchants Square.

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 6,700 local market professionals, managing in excess of over 1.15 billion square feet of property.  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 or www.naiglobalnewslink.com

 

PRESS RELEASE Huntsville, AL – August 5, 2021

NAI Chase Commercial in partnership with B.​ Riley Real Estate and NAI Global Represents $25,000,000 Sale of 1815 Remington Trail in Huntsville, AL on Behalf of Remington Arms Company

Huntsville, AL July 9, 2021 – NAI Chase Commercial Realty, an office of NAI Global, a leading global commercial real estate brokerage firm, announced today that it represented the sale of the former Remington facility located at 1815 Remington Trail in Huntsville, Alabama.

“We’re honoured to be a part of such a significant real estate transaction in the Huntsville market.   Working with national professionals at B. Riley and NAI Global, coupled with our talented internal team”, said Douglas A. McCullough, Vice President Brokerage of NAI Chase Commercial.   “The sale of the Remington facility is the latest of several major transactions we’ve assisted with recently in and around the Huntsville area, demonstrating a clear demand for commercial space in the region. The sale was part of the Remington bankruptcy sale and involves a Purchaser group with interest in filling the facility with new industry in our area.  We look forward to helping the new Purchaser in any way with the phase two opportunity of this project.”

This facility is a 112-acre, three-building office and manufacturing campus in Huntsville, AL.​ The facility includes a 553,868 SF manufacturing plant and two office/laboratory buildings totaling 242,514 SF.​

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 6,700 local market professionals, managing in excess of over 1.15 billion square feet of property.  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 or www.naiglobalnewslink.com