NAI Chase Commercial Real Estate Represents Kratos Defense & Security Solutions in Lease Renewal
NAI Chase Commercial Real Estate Represents Kratos Defense & Security Solutions, Inc., in lease renewal of 37,285 square feet at 4904 Research Drive
HUNTSVILLE, Alabama - September 7th. NAI 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.
ABOUT NAI CHASE COMMERCIAL
NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial.com
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm with more than 375 offices strategically located through North America, Latin America, Europe, Africa and Asia Pacific. The company has more than 6,000 local market professionals, managing more than 1.15 billion square feet of property. NAI Global provides a complete range of corporate and institutional services, including brokerage and leasing, property and facilities management, investment and capital market services, and related advisory services. The company annual conducts more than $20 billion in commercial real estate transactions around the world.
To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com
Contact: Rick Davis
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