Two more office buildings are on the rise at Redstone Gateway as government contractors warm to the office park’s amenity-rich environment and proximity to both Redstone Arsenal and Cummings Research Park.
Corporate Office Properties Trust, in partnership with Jim Wilson & Associates, developed the 4.6 million square-foot, mixed-use development as a Class-A office park near Gate 9 at I-565 and Redstone Road.
Redstone Gateway includes seven office buildings totaling 569,000 square feet; a full-service, 120-room TownePlace Suites by Marriott hotel; and The Shops at Redstone Gateway consisting of over 19,000 square feet of retail space, three restaurants and a conference center.
The existing office buildings are 100 percent occupied.
“The growth of availability at Redstone Gateway continues to be an asset to government contractors locating close to their customer base on Redstone Arsenal,” said COPT Chief Operating Officer Paul Adkins. “This pre-lease, along with other recent leases, highlights the value proposition of Redstone Gateway.”
Currently, there are seven buildings under construction at Redstone Gateway, expected to add another 662,000 square feet to the development.
One of those buildings is a 100,000 square foot, four-story office building along Rideout Road. There will be 113,000 square-feet of office leasing space available upon completion end of the year.
The other is a soon-to-be 42,000 square-foot single-story office building located at 6000 Redstone Gateway at the corner of Redstone Gateway and Market Street, within the Redstone Gateway development.
It, too, should be complete by the end of 2020 but will just keep pace with the demand as it is already 75 percent pre-leased to a government contractor. Approximately 13,000 square feet will be available for lease upon completion.
James Lomax, director of Asset Management for COPT Huntsville, said the buildings support Redstone Arsenal, clearly an economic engine for North Alabama.
“We’re excited about the rapid development at Redstone Gateway as Huntsville’s modern office park,” said Lomax. “Redstone Gateway is the most forward-thinking office development in North Alabama, creating an amenity-rich environment and walkable environment focused on employee satisfaction and efficiency.
“We’re excited to continue this phase of development and are thankful for the support from the whole community in North Alabama.”
COPT, whose Huntsville office is at Bridge Street Town Centre, specializes in developing and operating office buildings in locations that support the U.S. government and its defense contractors.
The company designs, builds and operates specialized office and data center facilities that provide technically sophisticated, mission critical environments. Maryland-based COPT often chooses locations adjacent to government agencies and prime contractors.