North Alabama officials on Wednesday broke ground on a sprawling new industrial building that will cover more than nine acres and signals more economic growth for the region despite the economic woes of the coronavirus pandemic.
The facility – which will be the largest speculative building in north Alabama -- will be developed by The Hollingsworth Companies at the SouthPoint Business Park at I-65 and I-565 in Huntsville.
No tenant has been announced for the facility, which will have 404,738 square feet. According to the announcement, it will be the 11th facility developed by Hollingsworth at SouthPoint.
With the new facility, the SouthPoint Business Park will have 1,962,606 square feet of industrial space suitable for high growth manufacturing and distribution companies located along the I-65 corridor in north Alabama, the announcement said.
“In spite of the economic pressure of Covid-19 and this being an election year, we are very bullish on the north Alabama market,” Joe Hollingsworth, CEO of The Hollingsworth Companies, said in the announcement. “We have successfully grown our business on the belief that American manufacturing will continue to prosper and the southeastern United States will lead this growth.” “I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful. It is my belief that the next 8 years will be the best economic period of our lives.”
Though the business park is about 21 miles from downtown Huntsville, it’s part of annexations into the Rocket City over the years. Huntsville has made significant economic gains in annexed land located in neighboring Limestone County, such as the under-construction Mazda Toyota Manufacturing facility and the Polaris plant.
“Over the past 10 years, we’ve been able to announce new and expanding companies in our community that have created 30,000 jobs,” Mayor Tommy Battle said in the announcement. “To do that requires many assets. You need a workforce, you need access to markets, and you need sites and buildings. Today’s groundbreaking gives us another tool to help us in our continuing efforts to diversify our economy and to make sure that anyone in Huntsville who wants a job can get a job. We thank the Hollingsworth Companies for its continued investment and belief in our community.”
Said Limestone County Commission Chair Collin Daly, “The groundbreaking of the largest speculative industrial building in North Alabama, despite being in the middle of a pandemic, is positive news for our county. We look forward to this new location assisting with the demand for industrial facilities needed for the continued growth in our county.”
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