Construction is underway and an unnamed defense contractor has signed a pre-lease for 75% of a new 40,000 square foot building at 6000 Redstone Gateway, said James Lomax, director of asset management for Corporate Office Properties Trust or COPT.
A new coffee shop is also set to the open in the same area during the first quarter of this year.
“The Gateway is a hot commodity right now,” Lomax said. “Right now there is not a lot of office space available in Huntsville in general and we have brand new buildings and are recreating the wheel a little in that everything is compact, making it walkable to get to nearby restaurants and hotels.”
The building at 6000 Redstone Gateway is the latest single-story space at the office park. The mixed-used facility is being developed by COPT and Wilson & Associates.
Lomax said the new tenants expect to announce their new space prior to moving in. Construction should be completed by the fall.
“The growth of availability at Redstone Gateway continues to be an asset to government contractors locating close to their customer base on Redstone Arsenal,” COPT’s Chief Operating Officer Paul Adkins said in a prepared release. “This pre-lease, along with other recent leases, highlights the value proposition of Redstone Gateway.”
Lomax said another four-story, 100,000 square foot building will also be ready for lease in November.
“It’s exciting,” he said. “We’re looking forward to a really big grand opening of the coffee shop in just a few months, and even more openings as the year moves forward.”