HUNTSVILLE, AL | August 17, 2021 – Technology services company KBR is making a major move in Huntsville agreeing to lease more than 200,000 square feet of space at Redstone Gateway bringing the business park’s total square footage to 1.8 million.
Corporate Office Properties Trust (COPT) and its joint-venture partner Jim Wilson & Associates announced Monday development space leases with KBR in two buildings to be occupied in early 2023. One building is a 172,500 square-foot office building and the second is a 45,000 square foot R&D facility. KBR will occupy 90 percent of the office building and half of the R&D building. COPT said it expects to invest $65 million in the two buildings.
Redstone Gateway is a business park targeted at companies doing business with Redstone Arsenal military and space commands. Most of the complex is outside the arsenal just south of Interstate 565, but more than 100,000 square feet is inside the gate for greater security.
In addition to office space and research and development space, the complex includes restaurants, shops, two hotels and other amenities and is expected to grow to 4 million square feet in the future.
“Recently named one of the ‘Best Places to Live in the U.S.’, KBR is excited to, not only maintain, but also enhance its presence in Huntsville,” KBR Government Solutions President Byron Bright said in a statement Monday. “As the team behind the soldier, we’re committed to supporting the U.S. Army’s missile programs as well as the operations and missions of several army commands. Meeting the needs of our customers is crucial and being in close proximity to quickly address what’s required makes good business sense.”
It’s always great to see a company like KBR that has a major presence in Alabama decide to expand its operation in the state, especially when the jobs being added are highly technical and well paying,” Governor Kay Ivey said in a statement Monday. “KBR is a world-class company, and I look forward to seeing it grow and thrive in Huntsville’s dynamic economy.”
“We’re glad to see KBR expanding in Huntsville where the company’s best and the brightest engineers and innovators contribute to aerospace and defense industries,” Mayor Tommy Battle said. “Congratulations to KBR and to COPT on this exciting venture.”
This article was written by Lee Roop for www.al.com. The original article can be found at the following website:
