{"id":1004470312,"date":"2020-08-10T03:56:38","date_gmt":"2020-08-10T11:56:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004470312"},"modified":"2020-08-10T03:56:38","modified_gmt":"2020-08-10T11:56:38","slug":"the-hollingsworth-cos-breaks-ground-on-alabama-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-hollingsworth-cos-breaks-ground-on-alabama-industrial-project\/","title":{"rendered":"The Hollingsworth Cos. Breaks Ground on Alabama Industrial Project"},"content":{"rendered":"<div id=\"attachment_1004470330\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004470330\" data-attachment-id=\"1004470330\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-hollingsworth-cos-breaks-ground-on-alabama-industrial-project\/2-hollingsworth-companies\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-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;Hollingsworth Companies&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;SouthPoint Huntsville&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;2-Hollingsworth Companies&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2-Hollingsworth Companies\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;SouthPoint Business Park. Image courtesy of The Hollingsworth Co. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala..jpg?w=800\" class=\"wp-image-1004470330 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004470330\" class=\"wp-caption-text\">SouthPoint Business Park. <em>Image courtesy of The Hollingsworth Co.<\/em><\/p><\/div>\n<p>The largest <a href=\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/\">speculative industrial building<\/a> to ever open its doors in Northern Alabama will soon take shape, now that The Hollingsworth Cos. has broken ground on an approximately 405,000-square-foot facility in Huntsville, Ala.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/work-begins-on-1-msf-tampa-spec-industrial-project\/\">Work Begins on 1 MSF Tampa Spec Industrial Project<\/a><\/p>\n<hr>\n<p>Hollingsworth is erecting the new development at the SouthPoint Business Park, a 175-acre industrial campus that the company opened at the well-traveled intersection of I-65 and I-565 in 1999. SouthPoint&#8217;s location in Northern Alabama\u2014between Nashville, Tenn., and Birmingham, Ala.\u2014places it within one day&#8217;s drive of half of the U.S. population. The development of South Point&#8217;s latest facility marks the park&#8217;s 11th industrial building and comes two years after Hollingsworth broke ground on the ninth and 10th buildings, which delivered a combined 283,000 square feet of speculative space. Upon completion of the latest addition, SouthPoint will total more than 1.9 million square feet.<\/p>\n<h2><strong>Hungry for industrial in Huntsville<\/strong><\/h2>\n<p>Despite the turbulence of COVID-19 and the uncertainty that comes with an election year, Hollingsworth asserts that it remains quite bullish on the Northern Alabama market, which holds the distinction of having been selected to host Toyota Motor Corp. and Mazda Motor Corp.&#8217;s planned <a href=\"https:\/\/www.commercialsearch.com\/news\/alabama-reels-in-1-6b-toyota-mazda-plant\/\">$1.6 billion joint-venture manufacturing plant<\/a>. As Joe Hollingsworth, CEO of The Hollingsworth Cos., noted in a prepared statement, Hollingsworth has grown its business on the belief that American manufacturing will continue to prosper, and the&nbsp;Southeastern U.S.&nbsp;will lead this growth. The company&#8217;s faith in the future of manufacturing in the region, however, is not the only indicator of demand for speculative industrial development in the Huntsville area.<\/p>\n<div id=\"attachment_1004470327\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004470327\" data-attachment-id=\"1004470327\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-hollingsworth-cos-breaks-ground-on-alabama-industrial-project\/hollingsworth-companies-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Hollingsworth Companies&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Groundbreaking&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;Hollingsworth Companies-1&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hollingsworth Companies-1\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Building 11 groundbreaking at SouthPoint Business Park. Image courtesy of The Hollingsworth Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg?w=800\" class=\"wp-image-1004470327 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/SouthPoint-Business-Park-Huntsville-Ala.-new-building-groundbreaking.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004470327\" class=\"wp-caption-text\">Building 11 groundbreaking at SouthPoint Business Park.<em> Image courtesy of The Hollingsworth Co.<\/em><\/p><\/div>\n<p>Construction of Building 11 comes on the heels of a successful year for the Huntsville industrial market. In 2019, the city&#8217;s vacancy rate dropped to just 5.8 percent, the lowest vacancy rate in the area since 2008, and positive net absorption reached its highest point in a decade at 1.6 million square feet, according to a report by commercial real estate services firm Graham &amp; Co. Additionally, Huntsville started the year with little risk of an oversupply of industrial accommodations. <em>&#8220;Several smaller industrial buildings were constructed, but a large, spec, Class A industrial facility has not been built in the Huntsville market in many years,&#8221;<\/em> according to the Graham &amp; Co. report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development rising at the SouthPoint Business Park in Huntsville marks the largest speculative industrial building ever constructed in Northern Alabama.<\/p>\n","protected":false},"author":969,"featured_media":1004470330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742],"tags":[37163,35733,34984],"class_list":["post-1004470312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","tag-mazda-motor-corporation","tag-the-hollingsworth-companies","tag-toyota-motor-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Hollingsworth Cos. 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