The former Remington Outdoors plant has been sold for $25 million, NAI Chase Commercial Realty announced.

Twenty Lake Holdings, a Connecticut-based Real Estate Investment and Management Company, purchased the facility for $25 million. NAI Chase is an office of NAI Global, a global commercial real estate brokerage firm.

Huntsville-based Remington Outdoors opened the plant and its headquarters near Huntsville International Airport in 2014.

Remington, which was based in New York, was lured by nearly $70 million in incentives, including $9.5 million from Huntsville, $2 million from the Madison County Commission and $1 million from the Huntsville Industrial Development Board.

The three entities recently announced they have recovered the $12.5 million in incentives they offered.

“We’re honored to be a part of such a significant real estate transaction in the Huntsville market. Working with national professionals at B. Riley and NAI Global, coupled with our talented internal team,” said Douglas A. McCullough, vice president Brokerage of NAI Chase Commercial. “The sale of the Remington facility is the latest of several major transactions we’ve assisted with recently in and around the Huntsville area, demonstrating a clear demand for commercial space in the region.

“The sale was part of the Remington bankruptcy sale and involves a purchaser group (Twenty Lake Holdings) with interest in filling the facility with new industry in our area. We look forward to helping the new purchaser in any way with the phase two opportunity of this project.”

This facility sits on 112 acres and includes a 553,868 square-foot manufacturing plant and two office/laboratory buildings totaling 242,514 square feet.