Montgomery, AL – October 2, 2024 – An exciting new industrial development has broken ground in Montgomery, AL, marking the start of a $52 million project to build a state-of-the-art 460,000-square-foot facility for Hyundai MOBIS. Located adjacent to the existing Hyundai MOBIS campus on Mitchell Young Road, the planned Class-A distribution center will support the growing aftermarket parts needs of both Hyundai and Kia vehicles across a national network to dealerships.

With a vision towards the future, MOBIS worked closely with the project’s design/build team to plan for the likely need to expand the facility in the future.  Sitting on approximately 60 acres of land, the initial facility will feature a cross-dock layout and be expandable out the eastern wall by an additional +/- 270,00 SF.   This expansion underscores Hyundai MOBIS' long-term commitment to serving Alabama and enhancing their national distribution network of after-market parts for both combustion engine and electric vehicles in the Hyundai and Kia model line-up.  The continued growth of the campus is also a reflection of the strategic partnership between Hyundai MOBIS and the greater Montgomery region. The Montgomery Chamber and Graham played a key role in helping MOBIS see the value in retaining and growing this line of business next door to its main Montgomery headquarters

"Our firm was uniquely positioned to help bring this project to reality.  It starts with the existing MOBIS relationships forged by our industrial brokerage team on past deals in Alabama, and it finishes with our development team stepping in and stepping up to help assemble a joint-venture structure and design/build team that can listen to and execute upon the long-term real estate needs of automotive suppliers in this region”

Henry V. Graham II, President of Graham & Company

 

Graham & Company, LLC will serve as developer for the project. Cooper Construction and Five South Architecture, LLC will round out the project’s design/build team alongside CCI serving as civil engineer.  Graham’s development and industrial brokerage team worked closely with the existing landowner to formulate a joint-venture partnership to allow for this project to look and feel like an extension of the existing Hyundai MOBIS campus. The project came to fruition due to the Tenant’s need for a long-term lease and with equity provided by a Graham Capital lead joint-venture and debt financing provided by SouthState Bank.

About Graham & Company

Founded in 1978, Graham & Company is a full-service commercial real estate firm with offices in Birmingham, Huntsville, and Panama City, Florida. Graham offers investment sales, leasing, property management, and development services.

Graham & Company has been involved in the development and management of industrial properties, office buildings, office/service centers, and office rehabilitation projects throughout the Southeast. Over the last 20 years, Graham & Company has delivered more than 12 million SF of build-to-suit and speculative industrial and office projects, each involving a unique set of challenges and hurdles to overcome. www.grahamcompany.com

About Graham Capital

Graham Capital is a real estate investment company based in Birmingham, Alabama, focused on the acquisition and development of highly functional distribution centers in high-growth Southeastern industrial markets, which continue to experience above-market rent growth, high barriers to entry, and the deepest demand among institutional investors. www.graham-capital.com