realestate

Big Property Deal Spotlights Solar Manufacturing Boom in North Alabama

Ambrose, a leading investment manager in Class A industrial, logistics, and e‑commerce real estate, announces sale.

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mbrose, a top vertically integrated investment manager focused on Class A industrial, logistics and e‑commerce properties, has announced the sale of its 554,000‑sq‑ft distribution center on more than 40 acres at 1250 Cooperage Way, Trinity, AL, within the Greater Huntsville area. The modern hub, currently leased by First Solar, a U.S. photovoltaic technology and manufacturing leader, is being purchased by Goldman Sachs.

    Ambrose partnered with First Solar from concept through construction and financing, delivering a facility that boasts 40‑ft clear heights, 40 loading docks, 80 auto‑parking spaces, 36 trailer bays and truck courts with 150‑ft depths. The complex stores machinery, raw materials and equipment used in First Solar’s adjacent, newly completed manufacturing plant.

    Founder and CEO Aasif Bade said the transaction “highlights Ambrose’s multidisciplinary expertise in developing and positioning high‑quality assets for attractive returns in today’s market.” He added that the deal reflects institutional demand for modern, Class A logistics spaces that serve tech‑savvy tenants.

    First Solar, founded in 1999, is America’s leading photovoltaic manufacturer and the only U.S.‑headquartered firm among the world’s largest solar producers. The distribution hub lies less than a mile from First Solar’s $1.1 B production facility and supports a strategy to expand U.S. manufacturing to over 10 GWDC, creating more than 700 new jobs in Alabama.

Solar manufacturing plant construction in North Alabama spotlighted by property deal.