Industrial Development Continues at Record Pace in Huntsville, Alabama
HUNTSVILLE, Ala., July 24, 2018- The Hollingsworth Companies broke ground on their ninth and tenth industrial project in SouthPoint Industrial Park, Alabama. This is the third and fourth projects started within the last 12 months and is designed to support the continued growth in the North Alabama market. The two new lots are designed to support industrial facilities from 108,960 SqFt to 195,360 SqFt, with an additional lot that will support facilities up to 327,600 SqFt. These lots are available for Build to Suit projects focused on light manufacturing, warehousing, and distribution.
The expansion in SouthPoint has been fueled indirectly by the city’s existing top employers that include the U.S. Army, 35,000 employees, NASA/Marshall Space Flight Center, 6,500, and Boeing 2,600. As well as a rapid growth over the past three years of more than 9,000 new jobs created across the city of Huntsville. Some of the largest areas of growth have been observed in companies like Polaris and Remington. Polaris, for example, has brought 2,000 jobs to the Huntsville area alone. Further growth is expected from the newly announced Mazda/Toyota joint venture (MTMUS) facility. The facility is expected to create up to 4,000 jobs. Toyota and Mazda are investing $1.6 billion towards this project with additional investment expected from Tier 1 and Tier 2 suppliers.
Mark Yarborough, Chairman of the Limestone County Commission stated, “We are excited to work with The Hollingsworth Companies and see the continued growth at SouthPoint Industrial Park. Clearly there is a demand for industrial buildings in Limestone County and this will continue to increase with the new Mazda Toyota assembly plant. These new facilities with be a welcome addition to the available inventory of high quality industrial space in our area.”
“Limestone County Economic Development Association (LCEDA) is very happy to see that the Hollingsworth Companies is adding two additional pregraded lots to the SouthPoint Business Park in Limestone County, Alabama. In this era of industrial activity, having large industrial buildings ready for occupancy is a real plus for the Limestone/Madison area. We are pleased to continue our long term relationship with The Hollingsworth Companies and look forward to helping bring occupants to park,” added Tom Hill, President of the LCEDA.
In addition to the two new pregraded sites in SouthPoint, two completed buildings are available for lease. A 227,600 SqFt class A building with 14 loading docks and 30′ clear height and a 108,960 SqFt building with 6 loading docks and 32′ clear height. Both buildings include LED lighting, 60′ x 60′ column spacing, ESFR fire suppression system and are suitable for light manufacturing, warehouse or distribution space.
The SouthPoint Industrial park is located adjacent to the I-65 and I-565 interstates, between Nashville, TN and Birmingham, AL. This location provides quick access for companies that want to be centrally located in the Southeast manufacturing corridor. The SouthPoint Park, Alabama was designed for companies that support the greater Huntsville MSA that includes the Southern Automotive corridor, Red Stone Arsenal, Army Contracting Command, and NASA’s Marshall Space Flight Center.
About The Hollingsworth Companies
The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 17 states. Facilities are strategically located in the Southern Automotive corridor of Alabama, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701.