To our prospective tenants,
When Hexagon AB commissioned a new corporate home for its Intergraph subsidiary in 2014, the brief was uncompromising: build the most forward-thinking workplace in the American South. The result was a 232,000-square-foot landmark on a thirty-six-acre campus, designed by Atlanta's Cooper Carry and delivered by Birmingham's Robins & Morton.
A decade later, it stands as the rarest thing in North Alabama commercial real estate — a Class-AAA headquarters environment, fully furnished, fully amenitized, fully operational. And now, a full floor is available.
This book is our introduction to that building, to the people who built it, and to the stewardship it has received since. We hope it is also the beginning of a conversation.
A five-story, $58 million corporate headquarters rising from a landscaped lake on thirty-six acres at the western edge of Madison, Alabama.
Originally built as the global seat of Hexagon's Intergraph division — a software pioneer founded by former IBM engineers working with NASA and the U.S. Army — the Hexagon Building was designed from the first sketch to signal a company's confidence in its own future. Over a decade later, it remains the most distinguished privately-held office building in North Alabama.
It is uncommon, in American commercial real estate, for a headquarters of this caliber to change hands intact. When the opportunity arose, Redstone Federal Credit Union acquired the building to ensure it would continue to be stewarded, not stripped. We have preserved it — and improved it — in that spirit.
The building sits at the north edge of an eight-acre private lake stocked with bass, carp, and catfish. A half-mile walking trail circles the water and connects directly into the Town Madison master development — restaurants, hotels, the Trash Pandas stadium, and the future of the I-565 corridor. A large fountain anchors the view from every western-facing conference room. This is the only office property within twenty-five miles of downtown Huntsville with this setting.
Sixty-five years. More than one hundred design awards. Nineteen from the American Institute of Architects. Ranked the #1 architecture firm in Atlanta by the Atlanta Business Chronicle for multiple consecutive years.
Founded in 1960 by Jerry Cooper and Walter Carry, Cooper Carry built its reputation on a practice the firm calls "Connective Architecture" — the belief that the most enduring buildings are designed for the convergence of uses and the people who move between them. They are perhaps best known to the public as the firm behind the redevelopment of Mizner Park in Boca Raton, an early landmark of American New Urbanism.
For the Hexagon project, Cooper Carry was engaged for full services — architecture, workplace strategy, programming, change management, landscape architecture, interior design, and environmental graphics. Every material choice in this book was made by one practice. The lake, the fountain, the binary clock in the lobby, the cafeteria's aerial canopy, the wood-slat ceilings, the conference rooms named for continents — all are part of a single conversation.
Eighty years of construction from a single state. Nearly ten billion dollars of work completed over the past decade. A national top-100 contractor, privately held, still headquartered one hundred miles south in Birmingham.
Todd Robins founded Robins Engineering in 1946 with a single contract to build an eight-hundred-square-foot service station in Birmingham's East Lake neighborhood. Today, the firm his name still anchors has completed more than twenty-one hundred projects across thirty-seven states, with close to eighty percent of its work coming from repeat clients.
On the Hexagon project specifically, Robins & Morton was selected for its proven track record on complex institutional structures. Through close coordination with Cooper Carry and aggressive fast-tracking — beginning site and foundation work two months ahead of final design — the team delivered the completed building two months earlier than a conventional schedule would have allowed. The finished product shows no evidence of the haste.
Eleven charter members. Five dollars each. A shoebox on Redstone Arsenal. Seventy-five years later, one of the twenty-five largest federal credit unions in the United States.
Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and the sole owner of the Hexagon Building. Based in Huntsville, we hold more than eight billion dollars in assets and serve over half a million members across the country, with roots firmly established in Alabama and Tennessee. With more than thirty branch locations, we consistently are named one of the best Credit Unions in the country. In 2018, we were named the Credit Union of the Year by the National Association of Federally-Insured Credit Unions. In 2026, we celebrate our seventy-fifth anniversary.
We are not a passive landlord. Because of our name, reputation, and own branch presence in the building, we steward this property to a standard no institutional owner in the market can match — simply because we work here too.
Every item below is part of the quoted rent. There are no operating expense reconciliations. No after-hours HVAC charges. No parking fees. No surprise pass-throughs. The number on the first page of your offer is the number you pay.
One highway between the front door of 305 Intergraph Way and the future front gate of Lilly's announced six-billion-dollar Greenbrier South campus.
On December 9, 2025, Eli Lilly announced its decision to build a next-generation pharmaceutical manufacturing facility on a 260-acre site at the northeast corner of I-565 and Greenbrier Parkway — the largest initial private industrial investment in Alabama's history. Construction begins in 2026. The site was selected, in part, for its proximity to the HudsonAlpha Institute for Biotechnology and the region's workforce pipeline at UAH and Calhoun Community College.
The Hexagon Building sits on that same corridor, six miles to the east. For administrative, executive, IT, and technical staff during the 2026–2032 construction phase — and well beyond — no other Class-AAA office product in North Alabama offers what 305 Intergraph Way does: a turnkey, fully amenitized headquarters, delivered now, with no capital outlay and no construction lead time.
| Base Rent | $40.00 per RSF, full-service furnished. All utilities, janitorial, coffee service, and security included. 3% annual escalation. No OPEX reconciliations. No pass-throughs. |
|---|---|
| Tenant | Eli Lilly and Company |
| Initial Premises | Full third floor, Building 305 · 45,046 RSF BOMA rentable area: 55,708 sq. ft. |
| Early Occupancy | ~3,000 SF available July 1, 2026 On the third floor, for initial move-in and transition. |
| Full Occupancy | January 1, 2027 With sixty-day prior access for FF&E and IT installation. |
| Term | Three (3) years |
| Renewal | Two (2) options to renew for one (1) additional year each At the lesser of Fair Market Rental Rate (including fair-market concessions) or the then-escalated rate. |
| Tenant Improvements | Delivered turnkey, fully furnished Steelcase and other premier-grade commercial furnishings, currently in A-grade condition. Modifications, additions, or removals negotiable to meet Tenant requirements. |
| Space Planning | Landlord-funded Full space plan and revisions at Landlord's cost for Tenant evaluation. |
| Rent Abatement | Negotiable |
| Parking | No fee · 1,045 surface spaces Plus six EV charging stations. Tenant's minimum 4-per-1,000 ratio met without constraint. |
| Security Deposit | None |
| After-Hours HVAC | No cost Building controls can be programmed to Tenant requirements without additional charge. |
| Building Access | 24 / 7 / 365 badge access Security guard for visitor and temporary badging during working hours. Additional coverage available for events. |
| Signage | Negotiable within City of Madison standards Includes parking-lot wayfinding, monument signage, flag-pole visibility from I-565, and replacement of the building entry monument to reflect multi-tenant occupancy. Exterior façade permissibility under discussion with the City of Madison. |
| Telecommunications | Dual-carrier fiber · AT&T and Lumen Delivered via two separate vaults with independent building entries and dedicated conduit to the on-site data center. Segregated cage space available for lease at negotiated pricing. |
| Sublet & Assignment | Permitted, with standard protections Tenant may substitute subsidiaries or affiliates without consent. Third-party sublease/assignment subject to Landlord's reasonable consent. |
| Relocation | Landlord has no right to relocate Tenant |
| Holdover | 110% of the lease rate at term end |
| Brokerage | Acknowledged per RFP CBRE, Inc. to receive a full 4% commission; 50% upon lease execution, 50% upon lease commencement. |
This proposal is not intended to be contractual in nature, but an expression of the basis upon which Redstone Federal Credit Union would consider entering into further negotiation for Building 305 at 305 Intergraph Way. Neither Landlord nor Tenant shall have an obligation to lease the subject space unless and until a written lease in form and substance satisfactory to both parties has been prepared, approved, executed, and delivered. All terms confidential; to be discussed only on an as-needed basis.