{"id":1004236506,"date":"2018-06-20T06:12:03","date_gmt":"2018-06-20T14:12:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004236506"},"modified":"2022-12-08T10:02:16","modified_gmt":"2022-12-08T18:02:16","slug":"nektar-therapeutics-trades-al-rd-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/","title":{"rendered":"Nektar Therapeutics Trades AL R&amp;D Facility"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004236509\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004236509\" data-attachment-id=\"1004236509\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/490-discovery-drive-n-w-in-huntsville-ala\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"490 Discovery Drive N.W. in Huntsville, Ala.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;490 Discovery Drive N.W. in Huntsville, Ala.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg?w=800\" class=\"wp-image-1004236509 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\" alt=\"490 Discovery Drive N.W. in Huntsville, Ala.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004236509\" class=\"wp-caption-text\">490 Discovery Drive N.W. in Huntsville, Ala.<\/p><\/div>\n<p>Nektar Therapeutics has sold a 51,105-square-foot facility in Huntsville, Ala., to LSINC Corp. Binswanger brokered the deal on behalf of the seller. According to Madison County records, the property fetched a price tag of $2.7 million. IberiaBank provided a $4.1 million construction mortgage at the time of the sale.<\/p>\n<p>Located at 490 Discovery Drive N.W. in Huntsville\u2019s Cummings Research Park, the single-story building is slightly more than a mile from Interstate 565, providing direct access to the city\u2019s downtown area. Built in 2000, the structure, contains 15,300 square feet of office space alongside approximately 36,000 square feet of research, development, laboratory and small-batch production areas.&nbsp;Nektar Therapeutics previously operated an office out of the asset.<\/p>\n<p>The new owner plans to move its headquarters to the property. The building was vacant at the time of the transaction, according to Yardi Matrix data. Office assets totaling more than 4.8 million square feet are within a mile of the building.<\/p>\n<p>David Barber of Binswanger\u2019s Atlanta office represented the seller in the transaction. In February, another Binswanger team closed the sale of a nearly <a href=\"https:\/\/www.commercialsearch.com\/news\/calare-nabs-rd-office-asset-in-ct\/\">1 million-square-foot R&amp;D and office property<\/a> in Connecticut.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The building, constructed in 2000, is part of Huntsville\u2019s Cummings Research Park and contains more than 50,000 square feet of office, laboratory, production and research space.<\/p>\n","protected":false},"author":861,"featured_media":1004236509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21752,21742],"tags":[33940,36827],"class_list":["post-1004236506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-mixed-use","category-latest","tag-binswanger","tag-iberia-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nektar Therapeutics Trades AL R&amp;D Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nektar Therapeutics Trades AL R&amp;D Facility\" \/>\n<meta property=\"og:description\" content=\"The building, constructed in 2000, is part of Huntsville\u2019s Cummings Research Park and contains more than 50,000 square feet of office, laboratory, production and research space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-20T14:12:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:02:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Nektar Therapeutics Trades AL R&amp;D Facility\",\"datePublished\":\"2018-06-20T14:12:03+00:00\",\"dateModified\":\"2022-12-08T18:02:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/\"},\"wordCount\":216,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/06\\\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\",\"keywords\":[\"Binswanger\",\"Iberia Bank\"],\"articleSection\":[\"Deals\",\"Investment\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/\",\"name\":\"Nektar Therapeutics Trades AL R&amp;D Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/06\\\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\",\"datePublished\":\"2018-06-20T14:12:03+00:00\",\"dateModified\":\"2022-12-08T18:02:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/06\\\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/06\\\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg\",\"width\":800,\"height\":620,\"caption\":\"490 Discovery Drive N.W. in Huntsville, Ala.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nektar-therapeutics-trades-al-rd-facility\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nektar Therapeutics Trades AL R&amp;D Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\",\"name\":\"Jeff Hamann\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Jeff-Hamann.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Jeff-Hamann.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Jeff-Hamann.jpg?w=96\",\"caption\":\"Jeff Hamann\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/jeffh\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nektar Therapeutics Trades AL R&amp;D Facility - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/","og_locale":"en_US","og_type":"article","og_title":"Nektar Therapeutics Trades AL R&amp;D Facility","og_description":"The building, constructed in 2000, is part of Huntsville\u2019s Cummings Research Park and contains more than 50,000 square feet of office, laboratory, production and research space.","og_url":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-06-20T14:12:03+00:00","article_modified_time":"2022-12-08T18:02:16+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg","type":"image\/jpeg"}],"author":"Jeff Hamann","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/"},"author":{"name":"Jeff Hamann","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4"},"headline":"Nektar Therapeutics Trades AL R&amp;D Facility","datePublished":"2018-06-20T14:12:03+00:00","dateModified":"2022-12-08T18:02:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/"},"wordCount":216,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg","keywords":["Binswanger","Iberia Bank"],"articleSection":["Deals","Investment","Mixed Use","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/","name":"Nektar Therapeutics Trades AL R&amp;D Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg","datePublished":"2018-06-20T14:12:03+00:00","dateModified":"2022-12-08T18:02:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg","width":800,"height":620,"caption":"490 Discovery Drive N.W. in Huntsville, Ala."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/nektar-therapeutics-trades-al-rd-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Nektar Therapeutics Trades AL R&amp;D Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4","name":"Jeff Hamann","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","caption":"Jeff Hamann"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/jeffh\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/490-Discovery-Drive-N.W.-in-Huntsville-Ala..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004236506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/861"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004236506"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004236506\/revisions"}],"predecessor-version":[{"id":1004612672,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004236506\/revisions\/1004612672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004236509"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004236506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004236506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004236506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}