Halstatt Real Estate Partners announces new industrial development in Huntsville, AL

NAPLES, Fla.–(BUSINESS WIRE)–Halstatt Real Estate Partners, a private equity real estate firm, today announced its commitment to develop a light industrial project on Bibb Garrett Road in Huntsville, AL. In partnership with CaliforniaSouth Co. (CA South) – a real estate development and investment management firm based in Nashville, TN – the property will consist of two buildings totaling 306,380 square feet.

“Even during this time of economic volatility, demand for well-located, newly constructed distribution centers is strong,” said Peggy Lamb, Managing Director of Halstatt Real Estate Partners. “This project presented an attractive opportunity to build a light industrial complex in a prime location. The property is located in the rapidly growing Greenbrier submarket, which is home to numerous Fortune 500 companies and continues to experience unprecedented growth across all asset classes. This location is also close to major transportation routes and benefits from its proximity to the I-65/I-565 freeway interchanges.”

The buildings have the flexibility to be demolished in seven units of approximately 43,000 square feet each with 32 feet of headroom, 60 feet of speed bays and 130 feet of truck courts. In addition, the two buildings have sufficient parking spaces for 390 cars and 30 caravan spaces. Its prime location is right on the path of industrial development pushing further west, underscoring tenants’ desire to be close to I-65 for north-south access and I-565 for east/west -Access to lie. This product type is ideal for regional and local users who supply last mile distribution centers and provide additional services to larger nearby warehouse/manufacturing facilities.

“We are very pleased to be working with a new partner on this project. CA South, which like Halstatt is a women-owned company,” said Katie Sproul, Halstatt’s chief executive officer. “This partnership is a testament to our ongoing commitment to working with a wide range of entrepreneurs. While this is our first partnership with CA South, we are very optimistic about the long-term prospects for this development and similar types of products throughout the Southeast.”

“We couldn’t be more excited to be working with Halstatt Real Estate Partners,” said Meg Epstein, CEO of CA South. “Huntsville was recently named the Best Place to Live for 2022 by US News and World Report, demonstrating the vitality and versatility of this location for both small businesses and families.”

Halstatt Real Estate Partners identifies value-added and opportunistic real estate projects throughout Florida, the Southeast and Texas. The Company works with project sponsors to develop and implement a strategic business and capital improvement plan to maximize demand-driven development and investment opportunities.

About Halstatt Real Estate Partners

Halstatt Real Estate Partners (“HREP”), a real estate private equity firm owned by women, has been involved in the acquisition and development of over $1 billion in real estate assets in the Southeast since 2011. Founded by the Sproul family, based in Naples, Florida and a proud part of Barron Gift Collier’s legacy in Southwest Florida, HREP invests in middle-market, value-added and opportunistic commercial and residential real estate projects. HREP works with world-class local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of institutional limited partners from fund to fund, including charitable foundations and foundations, national and international family offices and company pension funds with a history of continuity. www.halstattrealestate.com

About CA South:

CA South is a commercial real estate development and investment management firm based in Nashville, TN. Founded in 2016, CA South currently has over $1 billion in projects under development. CEO and Founder Meg Epstein is one of the top independent developers in the country. CA South has a wide range of projects in its portfolio ranging from multi-family homes, condos to office condos and industrial storage spaces and more. CA South is currently pursuing 1.5 million square feet of industrial projects, 5 condominium projects and 5 multifamily projects. The majority of the Company’s development projects are located in the greater Nashville area, ranging from the high-income suburb of Franklin to the fast-growing suburb of Hendersonville, with additional projects in the pipeline. Recently, CA South embarked on its first foray into out-of-state projects with a logistics project in Huntsville, AL.

See CA South for more information.

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