NAI Chase Commercial Real Estate Represents Kratos in lease renewal

NAI Chase Commercial Real Estate represents Kratos in lease renewal

HUNTSVILLE, ALNAI Chase Commercial Real Estate, an office of NAI Global, announced today it has successfully negotiated a 10-year lease renewal on behalf of Kratos Defense & Security Solutions, Inc., at the company’s local headquarters building at 4904 Research Drive in Cummings Research Park.

The process included a negotiation for a change in the company’s lease structure as well as the construction of an additional high-bay structure on the site to serve the company’s government customers.

“We were represented by Randy Thomas and Rick Davis, and simply put, the end result was favorable terms and a facility expansion plan supportive of our growth in the Huntsville market,” said Charles Farmer, Senior Vice President for Kratos.

“It’s our opinion that this lease renewal is a confirmation of Kratos’ commitment to our community and their local and national customers,” Thomas said. “Rick and I were honored to have been able to represent them, and this is the latest transaction among several we’ve done in North Alabama, demonstrating a steady demand for commercial space in the aerospace and defense sector.”

In addition to the representation by NAI Chase Commercial, the landlord was represented locally by Kyle Collins, Collier’s International.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *