NAI Chase Commercial Wins Huge Land Listing

Huntsville, Alabama-based NAI Chase Commercial has won a huge land listing, comprised of 1,280 acres, in the Limestone County area of Northern Alabama. It is believed to be one of the largest land listings by any NAI Global office in its five decades in existence.

Located in the agricultural community of Tanner – which is about 23 miles west of Huntsville and near I-65 and I-565, the region is the fastest growing county in Alabama and increasingly home to the U.S. defense industry, aerospace, engineering, biotech, healthcare, advanced technology and automotive manufacturing. It has one of the highest concentrations of engineers and tech workers in the country and includes the headquarters for Jeff Bezos’ Blue Origin rocket manufacturing plant. Fortune 500 companies with facilities located in Limestone County include Amazon, Steelcase, Target, Polaris, Mazda Toyota Manufacturing, Tenneco and WestRock.

The listing agents with NAI Chase Commercial are Clarke Todd (307.690.5158), Doug McCullough, CCIM (256.783.4158), Bhagyesha Darji (256.529.1995), and Rick Davis (256.800.3783). Rhett Loveman, CCIM with Loveman Realty Co. is co-listing the property, which has been brought to market starting at $35,000 per acre. The land is divisible into 50-150-acre parcels, and there is a Norfolk Southern Railway nearby.

With Nashville, Chattanooga, Huntsville, Birmingham, Memphis and Atlanta in close proximity, the property is ideally suited for advanced manufacturing or multi-tenanted logistics facilities. It is also ready for development with accommodating topography—flat-to-gently sloping.

In 2021, NAI Chase Commercial was involved with the successful sale of the renowned 112-acre Remington Outdoor Co. property in Huntsville that featured nearly 800,000 square feet of manufacturing, office, laboratory, common area and distribution space, and had 14 acres of expansion space available for the buyer. In that deal (for an undisclosed price), McCullough and Randy Thomas from NAI Chase Commercial teamed up with Cliff Moskowitz out of NAI Global’s headquarters in New York, plus two professionals from another firm in the disposition to Twenty Lake Holdings, a Stamford, CT-based national real estate investment and management firm. The sale was associated with Remington’s bankruptcy proceedings that year. According to McCullough, since its acquisition Twenty Lake has made considerable improvements to the Remington property and may be planning a large industrial expansion of the asset.