Prime Development Opportunity: The offering consists of 23.11 acres. The land is an entitled site and approved for 240 potential multifamily units. Additionally, because the land is in the county, there will be no planning, approval, or permitting process. The size of the site allows the potential opportunity for future expansion or Phase II.
Highly Ranked Limestone County: Limestone County has been ranked #1 in growth for North Alabama (WAFF). The county has grown 4% in the last year.
Growth In Limestone County: Limestone County has seen significant investments recently, including:
Exploding Huntsville Market: Huntsville is the fastest growing metropolitan area in Alabama and recently became the largest city in the state. According to CoStar, a range of economic drivers, such as low business and living costs, favorable tax incentives, high in-migration, and the presence of Redstone Arsenal, have attracted a diverse group of businesses to the area.
Midcity District: Located roughly 9 miles from the property, MidCity District is a $500 million, 100-acre multi-use development that is slated to include 350,000 SF of retail, 400,000 SF of office, and 650 hotel rooms once completed.
Proximity To Major Employers: The site allows quick access to many of Huntsville’s best employers, including:
Huntsville Rated #1 Place To Live In USA: According to U.S. News, Huntsville has been rated the #1 place to live in the United States.
Massive Huntsville Corporate Developments:
THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by The Kirkland Company (“Broker”), exclusive listing broker for the Property, and (“Buyer”) regarding the sale of the property known as Burgreen Road Land (“Property”) located in Madison, Alabama. The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner.
BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. To receive an Offering Memorandum (“Offering Memorandum”) please read, sign and return this Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation.
THEREFORE, THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
In connection with your interest in a potential, negotiated acquisition of those certain properties listed in Exhibit A hereto (individually or collectively as the context may require, the “Property”) from [Seller] (individually or collectively as the context may require, the “Company”), you have requested certain information concerning the Property from the Company and its affiliates and its and their respective directors, officers, members, partners, employees, representatives, agents and/or advisors (including without limitation, attorneys, accountants, consultants and financial advisors) (individually or collectively as the context may require, the “Company’s Representatives”). In consideration of furnishing you with the Evaluation Material (as defined herein), the Company requests your agreement to the following: