Longtime partners, Fairway Investments and Triad Properties have joined once again for the acquisition and development of the Huntsville West Distribution Park, a 2 million square foot, master-planned distribution and commerce park conveniently located on Greenbrier Parkway in Huntsville, Alabama. Providing exceptional access to I-565, the 135-acre property is adjacent to Amazon, Vuteq, and in close proximity to Polaris and the $2.3B Mazda-Toyota manufacturing plant. The Fairway-Triad joint venture closed on the property Thursday, July 28, 2022.
The Fairway-Triad joint venture plans to develop distribution, warehouse, and logistics space on a speculative and build-to-suit basis. Building sizes will range from 250,000 to 400,000 square feet, with the site plan offering the capability to develop a 650,000 square foot mega-center.
For leasing information, please contact Fuller McClendon at 334-524-6271 or at fmclendon@triadproperties.com
About Fairway Investments
Birmingham-based Fairway Investments was founded over 30 years ago and invests, develops and joint venture develops in all real estate asset classes from Texas to Virginia. Fairway’s investment portfolio includes over 2.2 million square feet of retail, over 11,000 apartment units, almost 2.75 million square feet of industrial assets and over 1.5 million square feet of office space. Fairway Management Group, a sister company to Fairway, was created in 2009 to oversee the management of Fairway’s controlled assets and to engage in select 3rd party management opportunities. Fairway Management group has become an integral piece of the Fairway team as Fairway continues to expand its portfolio of assets.
Fairway and Triad Properties have enjoyed a long-term relationship investing and developing real estate for over 20 years including mixed-use, office, retail, and multi-family.
About Triad Properties
Triad is a full-service real estate development and operating company based in Huntsville, Alabama. The company was founded in 1993 to pursue real estate acquisition, development, leasing, and management of commercial real estate for local, regional, and Fortune 500 companies. Since inception, Triad has developed or acquired more than 9.0 million SF of commercial real estate properties in cities such as Huntsville, Atlanta, Dallas, Nashville, Memphis, Tulsa, Fort Myers, and Orlando. The company has partnered with numerous institutional investors including the development of more than twenty (20) projects with the Trammell Crow Family and the Trammell Crow Company. Triad has co-invested with Fairway Properties, Prudential, CIGNA, Georgia Tech Foundation, Highwoods Properties, Gulf States Paper, and Real Estate Capital Partners. In addition, Triad has provided leasing and property management services for life insurance clients such as Principal, CIGNA, Aetna, Teachers, Mass Mutual, State Farm and Travelers, and for pension fund advisors such as AEW Capital Management, RREEF, and GE Capital. Because of this depth of experiences, Triad is an entrepreneurial company with institutional discipline.
Click to read more about Triad Properties and the new development.
