An Ohio based distribution company is the newest tenant in the SouthPoint Business Park located in Huntsville, Alabama. The 227,600 SF facility was being built as a virtually-complete speculative building that was completed in October. Due to the high demand for Class A industrial space, the building was leased in less than 60 days of completion.
SouthPoint Business Park, Alabama has seen rapid expansion since 2016. Five facilities have been leased in the last 30 months. To support this growth, a 108,960 SF facility has recently been completed and is available for lease. Development of a new 172,000 SF facility is underway and will be available in mid Q3, 2019.
The SouthPoint Business Park, Alabama is located adjacent to both the I-65 and I-565. This location provides excellent access to markets from Nashville, TN and Louisville, KY to the north and Birmingham and Montgomery, AL to the south. This corridor is highly favored by companies that serve the Southern Automotive market.
The Hollingsworth Companies has had a strong year with new facility construction and leases in Alabama, North Carolina, Tennessee, and Mississippi this year. The company has been very bullish with the strong economic outlook and already has plans underway for new facilities in Alabama, North Carolina, and Tennessee for 2019.
In addition to The Hollingsworth Companies’ portfolio of virtually-complete industrial buildings, the company has been active with build-to-suit projects in 2018. The Hollingsworth Companies has recently increased their construction staff to provide additional build-to-suit capacity for 2019. Build-to-suit projects are developed in similar building construction as their virtually-complete facilities but have the flexibility to be built across the Southeast.
Facility size ranges from 100,000 SF to 600,000 SF and include: 32’ clear height, 60’ x 60’ column spacing, ESFR fire protection, and LED lighting as standard features. With an inhouse architect and seasoned project managers, BTS facilities are completed faster than industry average at very competitive pricing due to our consistently high volume of construction.
Leasing programs are available for all build-to-suit projects. We also offer a full line of financial options in our build-to-suit program. These include lease, lease with a purchase option, or an immediate sale. All of these options can be customized to support your transition and startup cash flow needs. Leases can be fixed rate throughout or adjust on an annual basis to allow a lower initial lease rate.
The Hollingsworth Companies’ staff has over 100 years of combined experience in the design, construction, and development of industrial facilities. With a diverse base of construction, development, architecture, and site selection professionals on staff, The Hollingsworth Companies is the largest industrial builder for semi-rural locations in the Southeast. This expertise allows them to provide you value-added services from the earliest date of the project that will translate into cost savings and faster time to completion.