Mission and Vision: Region’s Largest Spec Industrial Facility Breaks Ground
All it takes is a mission and a vision for Huntsville’s long-term strategic plan to build a multicounty regional economy in North Alabama to take shape.
One of the components of that vision dropped into place recently as the Huntsville-Madison County Chamber of Commerce and the Limestone County Economic Development Authority joined the Hollingsworth Cos. in breaking ground on the largest speculative industrial facility in North Alabama.
It is the 11th facility Hollingsworth has built in the SouthPoint Business Park, which has already provided hundreds of jobs and millions of dollars in investments. When finished, the new building will be home to more than 1.9 million square feet of industrial space.
Located off Interstates 65 and 565 and five miles from the Mazda Toyota Manufacturing plant, the park is suitable for high-growth manufacturing and distribution companies who benefit from a location along the I-65 corridor in North Alabama.
SouthPoint Business Park is already home to HDT Global, Custom Assembly, Redline Steel, Woodbridge, Supreme Beverage and Aldez.
While shovels moved dirt for the sprawling new building, local and state officials and members of the business community toured two industrial buildings now available in the park. The two buildings provide 173,888 and 109,080 square feet for companies looking to expand or relocate their manufacturing and distribution facilities.
“In spite of the economic pressure of COVID-19 and this being an election year, we are very bullish on the North Alabama market,” said Joe Hollingsworth, CEO of The Hollingsworth Cos., the largest nonurban industrial real estate developer and construction firm in the Southeast. “We have grown our business on the belief that American manufacturing will continue to prosper, and the Southeastern United States will lead this growth. I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful.
“It is my belief that the next eight years will be the best economic period of our lives.”
Huntsville Mayor Tommy Battle said the park will help ensure job creation and business development for the Rocket City.
“Over the past 10 years, we’ve been able to announce new and expanding companies in our community that have created 30,000 jobs,” said Huntsville Mayor Tommy Battle. “To do that requires many assets. You need a workforce, you need access to markets, and you need sites and buildings. Today’s groundbreaking gives us another tool to help us in our continuing efforts to diversify our economy and to make sure that anyone in Huntsville who wants a job can get a job.
“We thank the Hollingsworth Companies for its continued investment and belief in our community,”
Limestone County Commission Chairman Collin Daly said, “The groundbreaking of the largest speculative industrial building in North Alabama, despite being in the middle of a pandemic, is positive news for our county. We look forward to this new location assisting with the demand for industrial facilities needed for the continued growth in our county.”
Brooks Kracke, president and CEO of the North Alabama Industrial Development Association, said, “This latest Hollingsworth building in Southpoint Industrial Park is much needed and is very timely in order to meet the demands of our regional growth.”
