JLL Capital Markets announced 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 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.

“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,” said JLL Managing Director Jason DeWitt in a recent statement.