Sale of Class A R&D facility in Huntsville, AL closes

CHICAGO, Jan. 11, 2023 – JLL Capital Markets announced today that it has closed the single-tenant sale of a Research & Development Facility at Redstone Arsenal leased to a global defense contractor in Huntsville, Alabama.

JLL represented the seller, AGC Equity Partners, in the sale to FD Stonewater STAR Fund.

The property was completed in 2020 as a build-to-suit for one of the world’s largest defense contractors. The building contains office, laboratory, research & development and manufacturing space. Among the building’s many features includes accredited secure labs and information processing space. In addition, the property has an expansion capacity of more than 50,000 square feet.

The facility is situated within the Cummings Research Park, which hosts the world’s fourth largest concentration of aerospace, technology and research and development users, and thrives due to its relationship with the U.S. Army and Department of Defense. Additionally, the property is located at the gate of Redstone Arsenal, the largest concentration of military leadership outside of Washington, D.C., serving as a DoD and Federal “Center of Excellence” for integration, research, development, testing and evaluation of major programs and systems. The region boasts the second highest concentration of engineers nationally and is among the fastest growing STEM employment centers.

JLL Managing Director Jason DeWitt who helped lead the transaction stated, “Investors are taking greater notice of the Huntsville market which has been the net beneficiary of tremendous growth in recent years. This growth has largely been spurred by the mission-critical government installations and activities that take place here that has translated into exceptional demand for the expansion of facilities and services.”

The JLL Capital Markets Investment Sales Advisory team included Director Anthony Walters, Senior Managing Directors Brian Shanfeld, John Huguenard and Britton Burdette and Associate Eric Osika.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

AGC Equity Partners is a London-based investment company established in 2009 to invest in a wide range of real assets, private equity opportunities and liquid strategies through its investment funds. With about USD 6.5 billion in assets under management, they deploy capital through their growing range of alternative investment funds primarily in Europe and North America.

FD Stonewater STAR Fund is a fully integrated real estate development, investment, and brokerage firm headquartered in Arlington, VA, with an office in Los Angeles. Collectively, the firm’s leadership has a track record of more than $10 billion in investment acquisitions and advisory services, with over 45 million square feet of lease transactions completed and over $1 billion in active and completed principal development and construction management nationwide. For more information, visit fdstonewater.com.