Hot prop: Remington, AL, is right on target
This week’s Hot Prop is the former locale of Remington Outdoor Company in Huntsville, Alabama, offering a collection of multipurpose buildings, 800 000 square feet of commercial space, amenities, and convenient transport links.
Shoot for the stars
This is the perfect spot for an ambitious company with manufacturing, engineering, or related aspirations, or one operating within the information technology, life sciences, aerospace, or defense sectors.
Huntsville is also known as ‘Rocket City’ because of its space and aviation links, serving as the home of NASA’s Marshall Space Flight Center, the U.S. Space and Rocket Center, and the United States Army Aviation and Missile Command.
There is a thriving business and engineering community in Huntsville, and it is also an emergent hub of specialized technology expertise – making a persuasive case for companies in adjacent industries who are eyeing relocating, expanding or tapping into the highly skilled and qualified pool of residents; Huntsville boasts one of the highest per-capita concentrations of engineers and PhDs in the United States.
Fit for purpose
Here, at the former Remington Campus, a savvy buyer or tenant will have room to grow, and easy transport links for distribution. The property is located in the Jetplex Industrial Park, just off the I-565 and minutes west of downtown Huntsville. It is also within easy reach of the I-65 corridor, and adjacent to the Huntsville International Airport and International Intermodal Center which comprise the inland Port of Huntsville.
Currently, the site offers 800 000 square feet of available facilities including office, lab, and manufacturing space, situated on a sprawling 112-acre lot. Properties available include a manufacturing plant (554 000 square feet) and two office buildings (over 200 000 square feet combined).
The low down
NAI Global and B. Riley Real Estate are co-listing agents for the site which has become available after the historic arms manufacturer declared bankruptcy in 2020.
Investors should note the potential of the site as a designated foreign trade zone, and that both state and local incentive programs are available to potentially facilitate a relocation into the market.
Huntsville is one of the strongest markets in the southeast, with growth over the last decade that has significantly outpaced state and national benchmarks, while remaining an affordable place to live.
For further information, as well as photographs and aerial video, please visit www.brileyre-remington.com.