A 112-acre, three-building former Remington plant has sold for $25 million.
NAI Chase Commercial Realty represented the sale of the Huntsville property to an unnamed purchaser group that wants to lease the property to businesses.
“We’re honored to be a part of such a significant real estate transaction in the Huntsville market,” said Douglas 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 former Remington plant went on the market earlier this year after Remington declared bankruptcy.
Constructed in 1988, the 553,868-square-foot manufacturing facility includes more than 20,000 square feet of office space, a full-service cafeteria, break rooms and locker facilities. In addition, the plant has a 20-foot clear height, 25-foot loading doors and an onsite electrical substation. There is a 14-acre site adjacent to the manufacturing plant.