FD Stonewater STAR Fund has acquired the single-tenant sale of a R&D facility at Redstone Arsenal leased to a global defense contractor in Huntsville, Alabama. It purchased the property from ACG Partners
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.
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.
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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 represented the seller in the sale.
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.
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