MARKET SURVEY | HUNTSVILLE...OFFICE: Th e Huntsville offi ce market remained strong in 2008 with a vacancy rate of 7%, compared to the 11.8% national vacancy rate. New offi ce de-velopment

2009

M A R K E T S U R V E Y | H U N T S V I L L E

Overall Market . . . . . . . . . . . . . . . . . . . . 1

Jetplex Industrial. . . . . . . . . . . . . . . . . 2

Chase Industrial . . . . . . . . . . . . . . . . . . 3

Downtown Offi ce. . . . . . . . . . . . . . . . . 4

Jetplex | Madison Offi ce . . . . . . . . . . 5

Cummings Research Park Offi ce . . . 6

Cummings Research Park Map . . . . . 8

Retail Map. . . . . . . . . . . . . . . . . . . . . . . 10

Retail Market . . . . . . . . . . . . . . . . . . . . 12

For Sale or Lease. . . . . . . . . . . . . . . . . 14

Recent Graham Activities . . . . . . . . . 16

Graham Huntsville Group. . . . . . . . . . 18

LEED Certifi cation. . . . . . . . . . . . . . . . 20

TA B L E O F C O N T E N T S

“I HAVE KNOWN AND WORKED CLOSELY WITH GRAHAM & COMPANY FOR MANY

years, always being able to depend upon their experience and professionalism.

This 2009 Market Report is another reflection of Graham’s strong knowledge

of the Huntsville real estate market. Graham & Company’s success in Huntsville

is, in turn, a reflection of the dynamic Huntsville economy.”

- Brian Hilson -

PRESIDENT & CEO, CHAMBER OF COMMERCE OF HUNTSVILLE/MADISON COUNT Y

Cover: Cummings Research Park

©Sellersphoto.com

HUNTSVILLE REAL ESTATE MARKET OVERVIEW

1

2009 [ MARKET TOTALS ]

INDUSTRIAL 19,867,301 SF

OFFICE 16,084,131 SF

RETAIL 12,057,371 SF

INDUSTRIAL OCCUPIED VACANT 2008 2007 2006 2005 2004

MULTI-TENANT 4,688,376 SF 425,175 SF 8.31% 11.42% 10.66% 8.26% 20.56%

SINGLE TENANT 15,178,925 SF 512,700 SF 3.27% 3.21% 2.73% 5.69% 3.94%

TOTAL INDUSTRIAL 19,867,301 SF 937,875 SF 4.51% 5.12% 4.82% 6.37% 8.64%

OFFICE OCCUPIED VACANT 2008 2007 2006 2005 2004

MULTI-TENANT 7,816,618 SF 824,554 SF 9.54% 11.19% 10.03% 11.32% 16.44%

SINGLE TENANT 8,267,513 SF 386,559 SF 4.47% 3.65% 3.93% 3.24% 3.31%

TOTAL OFFICE 16,084,131 SF 1,211,113 SF 7.00% 7.36% 6.89% 7.23% 10.34%

RETAIL OCCUPIED VACANT 2008 2007 2006

TOTAL RETAIL 10,603,207 SF 1,454,164 SF 12.0% 9.21% 8.60%

Overall Market

INDUSTRIAL: Huntsville’s industrial market vacancy rate remained low in 2008 with a year-end rate of 4.51%, comparing favorably to the national vacancy rate of 14.1%. Most new product that entered the market in 2008 was occupied by existing companies. Over 500,000 sf of new speculative industrial construction is planned for completion in 2009, predominantly in Jetplex Industrial Park.

Announcements aff ecting the North Alabama Industrial Base:• Volkswagon chose Chattanooga, TN for its manufacturing facility, but North Alabama should still experience an increased demand for industrial buildings.• National Steel Car is investing $350 million in a LEED Certifi ed, 2.2 million sf railcar plant in Muscle Shoals.

OFFICE: Th e Huntsville offi ce market remained strong in 2008 with a vacancy rate of 7%, compared to the 11.8% national vacancy rate. New offi ce de-velopment declined substantially in 2008, with only 350,000 sf added to the market. Offi ce development in Huntsville has been managed conservatively;

however, the Enhanced Use Lease project at Red-stone Arsenal’s Gate 9 should add over one million sf of new product in 2009. Th e eff ects of Base Realign-ment and Closure (BRAC) are also well underway with construction beginning on over 1.2 million sf on Redstone Arsenal.

RETAIL: Th e Huntsville retail market ended 2008 with a 12% vacancy rate. Construction rates slowed dramatically from the previous year, with just over 270,000 sf of new product added to the market. Most of this new construction lies within the Hunts-

ville/Madison corridor along Highway 72 West. To combat low absorption and the decline in retail ac-tivity, landlords may begin lowering rental rates and off ering more concessions.

2

Jetplex Industrial Market

G R A H A M & C O M PA N Y | 2 0 0 9 M A R K E T S U R V E Y | H U N T S V I L L E

[ 10.02 MILLION SF TOTAL ]

SINGLE TENANT 6,754,911 SF

MULTI-TENANT 3,267,388 SF

JETPLEX TRADEPORTJetplex Tradeport, developed by Triad

Properties Corporation, offers over 100,000 sf

of industrial space.

The Jetplex industrial market is Huntsville’s

largest industrial base and is comprised of several

smaller markets that surround the Huntsville

International Airport and the Intermodal Center.

Jetplex Industrial Park contains 1,470 acres and off ers Foreign Trade Zone #83, U.S. Customs Port of Entry and interstate access via I-565. Jetplex South Industrial Park contains 1,400 acres and is located just south of the Jetplex Industrial Park. Lowe Industrial Park is a 900-acre park originally designed to encompass the growth of Intergraph Corporation.

Recent Developments in the Jetplex Market:

1) Graham & Company began construction on its second 208,000 sf industrial facility on Short Pike Road. 2) Triad Properties began construction of its second 100,000 sf industrial facility at 301 Jetplex. Th e buildings are adjacent to the LG Electronics facility.

3) JA Development announced that construction will begin in fall of 2009 on the fi rst of its planned multi-building industrial developments in Jetplex Industrial Park South. Th e fi rst building will be 117,000 sf and is scheduled to begin construction in mid-2009.

4) Hollingsworth added an additional 80,000 sf to an existing facility at Southpoint Business Park, which is located at the intersection of I-65 and I-565. Th e park now has over 400,000 sf of indus-trial space.

5) Th e former 75,266 sf Futaba facility was sold to Adept Technologies.

6) WestWind Technologies broke ground on a new 64,000 sf facility in Jetplex Industrial Park known as the Huntsville Aircraft Modifi cation and Integra-tion Center.

Major Area Tenants Include:

Boeing, Navistar, Cinram, Kohler, WestWind Tech-nologies and Intergraph.

3G R A H A M & C O M PA N Y | 2 0 0 9 M A R K E T S U R V E Y | H U N T SV I L L E

Chase Industrial Market



MULTI-TENANT 300,000 SF

Chase Industrial Park is a 1,500-acre park located

in northeast Huntsville that was developed by

the Madison County Commission. Chase Park is comprised almost exclusively of single tenant employers. Very little land is left in the park for new development. Products manufactured in the park include medical instruments, DVD, copper, plastic products and pharmaceuticals.

Transactions of Note Include:

1) Trav-Ad Signs broke ground for its new 30,000 sf building in September of 2008. Th e building will help increase Trav-Ad’s capabilities as the largest visual communications company in the area.

2) Tool Ventures International opened its Hunts-ville location in Chase Industrial Park. TVI is a Michigan-based automotive supply company that will occupy 36,000 sf of industrial space for its die production operations.


Cinram, Qualitest Pharmaceuticals, Hart & Cooley, Kommerling, PPG, J&J South Central, Mitchell Plastics, PPG and Schwarze Industries.

SCHWARZE INDUSTRIESHeadquartered in Huntsville, AL, Schwarze

Industries manufactures street sweepers,

parking lot sweepers and road repair units.

4

Downtown Offi ce Market


SINGLE TENANT 491,265 SF


GOVERNORS MEDICAL TOWERGovernors Medical Tower is a new four-story,

124,500 sf medical facility.

G R A H A M & C O M PA N Y | 2 0 0 9 M A R K E T S U R V E Y | H U N T S V I L L E

The Huntsville downtown offi ce market is domi-

nated by the business services sector including

law fi rms, banking, accounting and real estate

companies. Th e fi nancial downturn of 2008 led to a large increase in mergers and acquisitions in the banking sector, and many of the country’s Central Business Districts (CBD) suff ered from job losses which increased the amount of vacant offi ce space. Th e Huntsville CBD thus far has largely avoided this fi nancial decline and remains stable.

Th e AmSouth/Regions merger did add some vacancy to the CBD but that space will likely back fi ll quickly. Several new banks have entered the CBD including Progress Bank, Bryant Bank, and First National Bank.

Recent Developments in the Downtown Market:

1) Th e redevelopment of the Council Court complex began in what will be a tear-down of the existing 196-unit complex. A four-story, eighty-fi ve unit senior housing facility will be built on the east side of Gallatin Street. Th e remaining property west of Gallatin will be razed and sold to a developer.

2) Th e Von Braun Center announced plans to mod-ernize and renovate the Concert Hall and the Arena. Th e two projects are scheduled to begin construction in spring of 2009 and will be partially underwritten by Th e Linda and Mark Smith Foundation and the William Propst Family.

3) Wachovia Bank, which purchased SouthTrust Bank in 2004, was purchased by Wells Fargo Bank.

4) Construction began on the Constellation project at the former Market Square site. Th e site plans include retail, hotel, and offi ce development.

5) Th e Governors Medical Tower, a four-story 124,500 sf medical facility, opened its doors to the building’s fi rst major tenant, Th e Spine and Neuro Center. Physicians and patients will have access to Huntsville Hospital via a new second-fl oor pedes-trian bridge.


Regions Bank, Lanier Ford, Bradley Arant, Colonial Bank, RBC Centura, First Commercial Bank and the City of Huntsville.


Jetplex | Madison Offi ce Market


SINGLE TENANT 700,000 SF

MULTI-TENANT 927,660 SF

This offi ce market is driven by two main submarkets: Jetplex

and Madison. Most of the tenants in Jetplex are industrial or logistics in nature; however, Boeing and Intergraph have a very large offi ce presence in the Jetplex market.

Th e City of Madison offi ce market is primarily comprised of traditional front offi ce service providers. Most of the develop-ment in Madison has been retail in nature. Some offi ce activity in Madison has occurred in the banking and healthcare area, and this trend should continue.

New Developments:

1) RPD Catalyst began construction on a new 45,000 sf LEED certifi ed offi ce building and a 35,000 sf LEED certifi ed offi ce building. Th e buildings are located in Madison Research Park West and are scheduled for completion in spring of 2009. Th e buildings will be the fi rst multi-tenant, LEED certifi ed buildings in the Huntsville market.

2) Bradford Health Services announced plans for a multi-use project at the intersection of County Line Road and Browns Ferry Road. Th e development plan calls for multi-family, retail, offi ce and hotel development.

3) Wann Springs Development announced plans for a $1 billion development on County Line Road. Th e project is to be called WaterStone and will include retail, offi ce and multi-family use. Th e project has not announced a ground-breaking ceremony date.


Intergraph, Boeing, and Northrop Grumman.

The Cummings Research Park offi ce market is the

largest offi ce market in Huntsville with over 11.5

million sf and encompasses over 70% of the total

Huntsville offi ce market. Th e occupancy levels in CRP remained stable in 2008 with a 5.9% vacancy rate. Th is rate compares favorably to other research-oriented communities like Austin, Colorado Springs and Raleigh-Durham. All of these communities had vacancy rates of over 14% in 2008.

Th e job growth associated with BRAC is the main driver of the offi ce space in CRP. Many of the 4,700 new jobs associated with BRAC will require an equal number of jobs by defense contractors to support the work of the agencies on the Arsenal. Most companies use a multiplier of 200-250 sf per employee, meaning the non-Arsenal offi ce growth could reach 1,000,000 sf by 2011.

A recent and exciting additional growth engine to CRP has been the expansion of the Biotech industry in Huntsville. Th e $130 million public-private project

combines world-class researchers and for-profi t companies. Th e recently constructed 270,000 sf Hudson-Alpha Institute is 100% occupied, providing space for twelve biotech companies and a non-profi t research center. Construction has begun on a stand alone conference center and the long-term goal is a mile-long campus.

Cummings Research Park was founded in 1962 by the City of Huntsville and is now the second largest research park in the United States. Th e park encompasses 3,843 acres and includes over 11.5 million sf of offi ce space. Th e fi rst private company to locate in the park was Teledyne Brown Engineering, which had encouraged the City of Huntsville to establish a new research park zoning. Th e second major phase was announced in 1982 with the purchase of over 800 acres known as CRP West. Th e park mix ranges from Fortune 500 companies to local entrepreneurial start-ups to award-winning small businesses.

6 G R A H A M & C O M PA N Y | 2 0 0 9 M A R K E T S U R V E Y | H U N T S V I L L E

Cummings Research Park Offi ce Market




CAMBER CORPORATIONCamber Corporation, headquartered in

Huntsville, AL, provides defense contracting

services. Camber is ranked among the top

100 federal prime contractors.


Cummings Research Park Offi ce Market

ROCKWELL COLLINSRockwell Collins offers an extensive range

of communication and aviation electronic

solutions for its clients.

Recent Developments in the CRP Market:

1) Th e Offi ces at Bridge Street, a 138,000 sf offi ce building, was leased to Computer Sciences Corporation. CSC will lease the six-fl oor building in an eff ort to consolidate its local operations.

2) Northrop Grumman broke ground on its 110,000 sf offi ce building. Th e building is the second of a planned four building campus on Voyager Way. Colonial Properties will be the developer of the project and construction is expected to begin in spring of 2009.

3) Decibel Research announced plans for a40,000 sf offi ce building in CRP on Bob Heath Drive. Th e project will be developed by Samples Properties and is expected to be completed in fall of 2009.

4) Construction has begun for a new 50,000 sf offi ce building that will serve as headquarters for Aegis Technologies Group. Th e building will be located on Jan Davis Drive and will feature a laboratory designed for nanoscale research.

5) Th e Hudson-Alpha Institute began construction on a stand alone conference center of 270,000 sf.

6) Rockwell Collins opened its 30,000 sf building in CRP to combine several businesses under one roof. Th e company’s primary focus is the Transportable Black Hawk Operations Simulator. Crown Leasing, headed by Olin King, developed the property.

7) Kratos Defense & Security Solutions, Inc. announced plans to merge with Huntsville based Digital Fusion, Inc. in a stock-for-stock transaction. Kratos also acquired Madison Research, a Huntsville based company, in 2006.


Northrop Grumman, Raytheon, Boeing, CSC, Dynetics, Lockheed Martin, BAE Systems, Camber Corporation and numerous other high-tech companies.

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Retail Market

On the national scene, 2008 was a diffi cult year

for the retail industry. According to CoStar Group, Inc., 2008 store closings among major retailers were up more than 40% over 2007. Th e International Council of Shopping Centers (ICSC) forecasts that 148,000 retail locations closed in 2008, the largest since 2001. Even the retailers that are doing well are reducing planned expansions for 2009/2010.

Th e Huntsville market ended 2008 with a 12% vacancy rate. Th e national vacancy rates, according to CoStar, are as follows: Shopping Centers 9.7%, Malls/Lifestyle Centers 4% and Power Centers 6.4%.

Construction of retail space slowed dramatically in 2008 with just over 270,000 sf added. Th e 2007 new construction number was 610,000 sf. Five large retail developments with planned space in excess of 1,000,000 sf were announced in 2007 and 2008, but little construction has been seen on these projects.

Th e decline in national retail expansion and the status of the national economy will likely cause a continuation of slow absorption of large box space on the market as well as the sharp decline of new construction. Vacancy rates are expected to rise due to store closings of national retailers and bankrupt-cies of local shop space; thus developers have no new sites announced at the end of 2008.

Th e Bridge Street Town Center has shown steady occupancy; however, three small casual eateries closed in mid 2008. Barnes & Noble and Old Navy vacated locations along the University Drive corridor and relocated to Bridge Street. Other vacancies in the University Drive market include Linens N Th ings, Goody’s and Circuit City.

Rental rates may decline and more rental conces-sions may be made available in 2009 as landlords

compete for market share. Th e decline in housing has a direct negative eff ect on retail. Th e Huntsville housing market has slowed with a 23% decline in number of houses sold in 2008 over 2007. Single family home projects declined by 35% from 2007 but multi-family square footage projects increased 87%.

New Developments Under Construction:

• Village Shops of Madison on County Line Road opened second quarter 2008 and is 143,000 sf anchored by Publix and Tuesday Morning. Th e location has several restaurant sites inline and outparcels with local shop space making up the remainder. Th e center is 91% leased.• Prominence Shops on Highway 72 West opened second quarter 2008 and is 60,767 sf, anchored by TJ Maxx and Boater’s World. Th e location has 9,000 sf remaining and is 85% leased.• Harvest Square on Highway 53 and Jeff Road opened fourth quarter 2008 and is 67,000 sf an-chored by Publix and is 89% leased.

RETAIL OCCUPIED VACANT 2008 2007 2006

NORTH HUNTSVILLE 1,580,247 SF 187,530 SF 10.61% 8.15% 8.35%*

UNIVERSITY WEST 3,361,424 SF 836,680 SF 19.93% 10.47%

SOUTH HUNTSVILLE 2,006,719 SF 195,100 SF 8.86% 10.75% 10.72%

JONES VALLEY/HAMPTON COVE 1,718,482 SF 79,429 SF 4.42% 7.18% 9.24%

HIGHWAY 72/MADISON 1,936,335 SF 155,425 SF 7.43% 9.50% 6.25%

TOTAL RETAIL 10,603,207 SF 1,454,164 SF 12.0% 9.21% 8.60%

* 2006 Total includes the University Drive market area.

DICK’S SPORTING GOODSDick’s Sporting Goods occupies 48,900 sf at

Valley Bend in Jones Valley.


Announcements:

• Construction on Magna Carta, an 8,000 sf neigh-borhood retail center on South Parkway, is expected to be complete in summer of 2009.• Dick’s Sporting Goods opened a 48,900 sf store in Valley Bend in the spring of 2009.

• Bridge Street’s newest retail development, Sports

Authority, will be opening in the fall of 2009. • Mellow Mushroom announced plans to open a location at the Village of Providence.

Retail Market


For Sale or Lease

9400 SOUTH MEMORIAL PKWY.

5848 RESEARCH PARK BOULEVARDHUNTSVILLE, AL

AVAILABLE: 30,000 SF

• Located in Spacegate Industrial Park

• Divisible by 10,000 SF

• 24'–28' Clear height to accommodate a variety of uses

Contact: Jeremy Pope, CCIM, SIOR [email protected]

FORMER CHRYSLER/SIEMENS FACILITY103 WYNN DRIVE, HUNTSVILLE, AL


• Located in Cummings Research Park East

• Situated on 35.17 acres with surplus land available for expansion or new development

• Conversion to offi ce possible • Existing paved parking for over 1,000 cars

Contact: Jeremy Pope, CCIM, SIOR [email protected]

5848 RESEARCH PARK BLVD.

FORMER CHRYSLER/SIEMENS

IRWIN SQUARE

9400 SOUTH MEMORIAL PARKWAYHUNTSVILLE, AL


• Situated on 17.56 acres

• Property provides a great redevelopment opportunity

for retail or multi-family use

Contact: Jeff Wilke, CCIM, SIOR, LEED AP [email protected]

IRWIN SQUARE7559 HIGHWAY 72 WEST, MADISON AL

AVAILABLE: 1,260 SF to 5,040 SF

• Delivered in white box condition

• Accessible from Highway 72 and Nance Road

Contact: David Garnett [email protected]

100 ELECTRONICS BOULEVARDHUNTSVILLE, AL


• Located in Jetplex Industrial Park

• Offi ce and lab space available

• Sublease opportunity with lease expiring April 1, 2016

Contacts: Jeremy Pope, CCIM, SIOR Jeff Wilke, CCIM, SIOR, LEED AP

[email protected] [email protected]

100 ELECTRONICS BOULEVARD

15

For Sale or Lease

G R A H A M & C O M PA N Y | 2 0 0 9 M A R K E T S U R V E Y | H U N T SV I L L E

AIRPORT DISTRIBUTION CENTER • PHASE II265 SHORT PIKE ROAD, HUNTSVILLE, AL


• Divisible by 78,000 sf and 52,000 sf

• Excellent interstate access

• Controlled industrial park

Contact: Jeff Wilke, CCIM, SIOR, LEED AP [email protected]

AIRPORT DISTRIBUTION PHASE II

EXECUTIVE PLAZA555 SPARKMAN DRIVE, HUNTSVILLE, AL

AVAILABLE: 1,000 SF to 7,000 SF

• Conveniently located near Cummings Research Park

• Park-like setting

• Flexible offi ce plans

Contact: Tyler Fanning [email protected]

EXECUTIVE PLAZA

LAND ON COUNTY LINE ROADCOUNTY LINE ROAD, HUNTSVILLE, AL

AVAILABLE: 126 Acres

• Located 1/2 mile north of the County Line Road/I-565 interchange

• Frontage on County Line Road available

• Suitable for retail, offi ce, residential or industrial

Contacts: David Garnett Jeremy Pope, CCIM, SIOR


LAND ON COUNTY LINE ROAD

MADISON BUSINESS PARK SOUTHDUNLOP BOULEVARD, HUNTSVILLE, AL


• Offi ce and high bay space available

• Immediate access to I-565 and Highway 20

• Close to Redstone Arsenal, Cummings Research Park, and

Huntsville International Airport

Contact: Jeremy Pope, CCIM, SIOR [email protected] MADISON BUSINESS PARK SOUTH

QUALITY CIRCLE355 QUALITY CIRCLE, HUNTSVILLE, AL


• Located in Thornton Research Park

• Flex space comprised of 25% offi ce/75% industrial

Contacts: Tyler Fanning Jeremy Pope, CCIM, SIOR


QUALITY CIRCLE


FORMER FUTABA FACILITY

IRWIN SQUARE

75,266 SF – 2865 Wall Triana Highway, HuntsvilleGraham represented the owner in the disposition of this industrial facility in Jetplex Industrial Park.Agent: Jeff Wilke, CCIM, SIOR, LEED AP

1,575 SF – 7559 Highway 72 West, MadisonGraham represented the landlord in leasing this retail space to Marco’s Pizza.Agent: David Garnett

DRS TECHNOLOGIES

MEADOWBROOK SHOPPING CENTER

19,000 SF – 4815 Bradford Drive, HuntsvilleGraham represented DRS Technologies in leasing offi ce space in Cummings Research Park.Agent: Tyler Fanning

65,168 SF – 11208 Memorial Parkway SW, HuntsvilleGraham represented the owner in the disposition of this shopping center located in south Huntsville.Agent: Jeremy Pope, CCIM, SIOR

TENANT REPRESENTATION

SOLD

LEASED

Recent Graham Activities

SOLD

MITRE CORPORATION

25,536 SF – Perimeter Park, HuntsvilleGraham represented Mitre Corporation in its renewal and expansion at Perimeter Park.Agents: Tyler Fanning & Bart Smith, CCIM, SIOR

RENEWAL | EXPANSION

2317 MERIDIAN STREET

SOLD

20,538 SF – 2317 Meridian Street, HuntsvilleGraham represented the owner in the disposition of this multi-tenant offi ce/warehouse facility.Agent: Jeremy Pope, CCIM, SIOR

THE OFFICES AT BRIDGE STREET

5828 RESEARCH PARK BOULEVARD

138,000 SF – 6790 Governors West, HuntsvilleGraham represented the owner in leasing this offi ce building to CSC Corporation.Agents: Bart Smith, CCIM, SIOR & Tyler Fanning

30,000 SF – 5828 Research Park Boulevard, HuntsvilleGraham represented the landlord in leasing this warehouse facility to General Services Administration (GSA).Agent: Jeremy Pope, CCIM, SIOR

STANLEY CORPORATION

25,717 SF – 7067 Old Madison Pike, HuntsvilleGraham represented Stanley Corporation in leasing this offi ce building in Cummings Research Park.Agent: Bart Smith, CCIM, SIOR


17

LEASED

Recent Graham Activities

G R A H A M & C O M PA N Y | 2 0 0 9 M A R K E T S U R V E Y | H U N T SV I L L E

LEASED

MADISON BUSINESS PARK SOUTH

100,000 SF – Dunlop Boulevard, HuntsvilleGraham represented the landlord in leasing over 100,000 sf to Boeing.Agent: Jeremy Pope, CCIM, SIOR

LANDLORD REPRESENTATION

NORTHROP GRUMMAN

33,420 SF – 7057 Old Madison Pike, HuntsvilleGraham represented Northrop Grumman in leasing this offi ce facility in Cummings Research Park.Agent: Bart Smith, CCIM, SIOR


FORMER CHRYSLER CHILD DAYCARE CTR.

29,587 SF – 100 Jetplex Boulevard, HuntsvilleGraham represented the owners in the disposition of this former childcare facility in Jetplex Industrial Park.Agents: Bart Smith, CCIM, SIOR

Jeff Wilke, CCIM, SIOR, LEED AP

SOLD


JEREMY POPE, CCIM, SIOR

VICE PRESIDENT

[email protected]

JOINED GRAHAM & COMPANY: 2000

AFFILIATIONS/HONORS:

• Certifi ed Commercial Investment

Member (CCIM) designation

• Society of Industrial & Offi ce

Realtors (SIOR) designation

• Member of National Association

of Industrial & Offi ce Properties (NAIOP)

• Huntsville Young Professionals (HYP) Board Member

• Huntsville Madison County Connect Class 7

CLIENTS INCLUDE:

• Tyco • Owens Corning • Intergraph • DirectBuy

• International Truck & Engine • Wolseley • Ferguson

• Kuehne & Nagel

TYLER FANNINGASSOCIATE BROKER

[email protected]



• CCIM Candidate (Certifi ed

Commercial Investment Member)

• Huntsville Madison County

Connect Class 9

CLIENTS INCLUDE:

• Mitre • Bayview Financial

• RBC (Royal Bank of Canada)

• Corcoran/Maddox Companies

Graham Huntsville Group

BART SMITH, CCIM, SIOR

MANAGING BROKER

[email protected]







• Huntsville Rotary Club Member

• North Alabama Commercial (NALCOM) President, 2007

CLIENTS INCLUDE:

• Sanmina-SCI • Northrop Grumman • Cisco • DirecTV

• Stanley Corporation • Wachovia Securities

• Texas Instruments • Future Electronics

• Arrow Electronics • ATK

JEFF WILKE, CCIM, SIOR, LEED AP

VICE PRESIDENT

[email protected]







• LEED AP, certifi ed 2008

• Member of Economic Development Association of

Alabama (EDAA)

• Huntsville Madison County Connect Class 1

CLIENTS INCLUDE:

• Cinram • US Army • Kohler • UPS • The Boeing Company

• AT&T • Sonoco Products Company • Makino • Red Hat

• Smith Barney • Alfa

DAVID GARNETTASSOCIATE BROKER

[email protected]



• CCIM Candidate (Certifi ed

Commercial Investment Member)

CLIENTS INCLUDE:

• Jeff Benton Properties

• Newk’s Express Deli • American Family Care

• Marco’s Pizza • Michael Collard Properties

• Multiple ownership groups


Graham Huntsville Group

MARSHANNE CASTRO, CPM

VICE PRESIDENT,

RETAIL & BUSINESS DEVELOPMENT

[email protected]



• Member of Institute of Real

Estate Management (IREM)

• LEED AP, certifi ed 2008

• Member of Huntsville Board of Realtors

• Member of International Council of Shopping

Centers (ICSC)

• Certifi ed Property Manager (CPM) designation

AREAS OF EXPERTISE:

• Offi ce and Retail Property Management

• Client Retention

• Tenant Construction

• Finish Selection

• Community Relations

ANDY WEAVERCHRIS NICHOLS RODNEY REID

ERIKA HARLESS MELANIE KNIGHT

BETHANY LEWISPROPERTY MANAGER

[email protected]


AREAS OF EXPERTISE:

• Real Estate Management

• Customer Service & Administration

• Accounts Payable & Receivable

JASON DUGGER, RPA, FMA

PROPERTY MANAGER

[email protected]



• Member of Building Owners

and Managers Association

International (BOMA)

• Real Property Administrator

(RPA) designation

• Facilities Management Administrator

(FMA) designation

AREAS OF EXPERTISE:

• Environmental Health and Safety

• Facilities Planning and Project Management

• Design and Operations of Building Systems

BUILDING ENGINEERS

REAL ESTATE ASSISTANTS

Graham & Company’s building engineering staff promptly addresses tenant needs

with a “solutions-oriented” approach, offering professional and reliable service.

20

N E W T R E N D I N C O M M E R C I A L C O N S T R U C T I O N : L E E D C E R T I F I C AT I O N

( L E A D E R S H I P I N E N E R G Y A N D E N V I R O N M E N T A L D E S I G N )

The commercial real estate market continues to embrace more sustainable construction, and by

2010, the demand for LEED certifi ed facilities is expected to substantially increase. Recognizing

this trend in green construction, as well as a need to promote a healthier environment, Graham

& Company has three LEED Accredited Professionals (LEED AP). As LEED APs, these individuals

possess the knowledge and expertise to successfully steward the LEED certifi cation process and have

demonstrated a thorough understanding of green building practices and principles.

The LEED Green Building Rating System® is a voluntary, consensus-based, national standard for

developing high-performance sustainable buildings. Members of the U.S. Green Building Council

(USGBC), representing all segments of the building industry, developed LEED and continue to

contribute to its evolution. LEED was created to:

• Defi ne “green building” by establishing a common standard of measurement

• Promote integrated, whole-building design practices

• Recognize environmental leadership in the building industry

• Stimulate green competition

• Raise consumer awareness of green building benefi ts

• Transform the building market

LEED provides a complete framework for assessing building performance and meeting sustainability

goals. Based on scientifi c standards, LEED emphasizes state-of-the-art strategies for sustainable site

development, water savings, energy effi ciency, materials selection and indoor environmental quality.

LEED recognizes achievements and promotes expertise in green building through a comprehensive

system offering project certifi cation, professional accreditation, training and practical resources.

Projects earn points toward certifi cation by meeting certifi cation requirements, with fi nal scores

resulting in one of four possible levels of certifi cation – Certifi ed, Silver, Gold and Platinum.

Points are earned for such items as urban or brownfi eld redevelopment; erosion control; public

transportation access; bicycle storage and changing rooms; open-space protection; water use

reduction; renewable energy; recycled materials; preservation of daylight and views; use of low-

emitting indoor materials; innovative design; and use of a LEED accredited professional.

Information deemed reliable, but not guaranteed.

Copyright 2009. Reproduction, in whole or part, of this report is prohibited.

Charts courtesy of USGBC

LEED Certifi cation

110 Offi ce Park Drive

Suite 200

Birmingham, AL 35223

TEL 205.871.7100

FAX 205.871.3331

| B I R M I N G H A M

grahamcompany.com

200 Westside Square

Suite 800

Huntsville, AL 35801

TEL 256.382.9010

FAX 256.382.9011

| H U N T S V I L L E

550 Water Street

Suite 1100

Jacksonville, FL 32202

TEL 904.281.0003

FAX 904.281.0849

| J A C K S O N V I L L E

201 South Orange Avenue

Suite 1060

Orlando, FL 32801

TEL 407.377.0590

FAX 407.377.0590

| O R L A N D O

PRINCIPALS

Steve Graham, MAI, CRE

Mike Graham, CPM, SIOR

Gardner Lee, CPM, SIOR

MANAGING BROKER

Bart Smith, CCIM, SIOR

PROPERTY MANAGEMENT

Jason Dugger, RPA, FMA

Bethany Lewis

OFFICE & INDUSTRIAL

Tyler Fanning

David Garnett

Jeremy Pope, CCIM, SIOR

Jeff Wilke, CCIM, SIOR, LEED AP

RETAIL &BUSINESS DEVELOPMENT

Marshanne Castro, CPM, LEED AP

REAL ESTATE ASST.

Erika Harless

PROPERTY MANAGEMENT ASST.

Melanie Knight

BUILDING ENGINEERS

Chris Nichols

Rodney Reid

Andy Weaver

GRAHAM & COMPANY PERSONNEL – HUNTSVILLE

MEASURE US BY OUR ACTIONS

A B O U T G R A H A M & C O M P A N Y

Founded in 1978, Graham & Company is a full-service commercial real estate fi rm based in

Birmingham. With offi ces in Birmingham and Huntsville, Alabama and Jacksonville and Orlando,

Florida, the company offers professional services including sales, leasing, property management,

appraisal, consulting, investment and development. In response to client demand, Graham has

systematically extended its range of services and geographic reach, now serving clients throughout

Alabama and several surrounding states.

A F F I L I AT I O N S

NAIOP–National Association of Industrial & Offi ce Properties

LEED–Leadership in Energy and Environmental Design

SIOR–Society of Industrial & Offi ce Realtors

ICSC–International Council of Shopping Centers

CCIM–Certifi ed Commercial Investment Member

Appraisal Institute

CRE–Counselors of Real Estate

IREM–Institute of Real Estate Management

BOMA–Building Owners and Managers Association

Huntsville Board of Realtors

INDIVIDUALMEMBERSHIPS

INDIVIDUALMEMBERSHIPS

MEASURE US BY OUR ACTIONS

200 Westside Square, Suite 800Huntsville, AL 35801TEL 256.382.9010FAX 256.382.9011

grahamcompany.com

BIRMINGHAM HUNTSVILLE JACKSONVILLE ORLANDO

Documents

MARKET SURVEY | HUNTSVILLE...OFFICE: Th e Huntsville offi ce market remained strong in 2008 with a vacancy rate of 7%, compared to the 11.8% national vacancy rate. New offi ce de-velopment