Alabama Developer to Deliver 200K SF Phase II Facility for Munters in Virginia
Birmingham, AL (July 2025) – Graham & Company, Alabama-based commercial real estate services and development firm, has broken ground on a new build-to-suit industrial facility in Roanoke, Virginia for global climate solutions provider Munters. The project—Munters Build-to-Suit Phase II—is a 200,000 square foot sister-building to Munters’ existing 365,000 SF facility, which was originally developed by Graham & Co and completed in 2020. The new facility will be expandable up to 278,000 square feet and represents another major investment by Munters, Botetourt County, and the Commonwealth of Virginia in the continued growth of the region’s industrial and technology corridor.
Munters has signed a long-term lease for the facility, which will be developed by Graham & Co with ARCO Design/Build returning as general contractor. Graham Capital will provide equity and source the project financing. A groundbreaking ceremony took place on Wednesday, July 9, commemorating this next phase of development in the Greenfield Industrial Park—one of Virginia’s premier advanced manufacturing and logistics hubs.
“We are incredibly proud to continue our relationship with Munters, a world-class company playing a critical role supplying sustainable climate solutions for the rapidly growing data center industry,” said Henry Graham, President of Graham & Company. “Their decision to expand again in Botetourt County is a testament to the success of their local operations and the strength of the region’s workforce and infrastructure. We look forward to seeing their continued growth and are grateful to be their trusted partner once again.”
— Henry Graham II, President, Graham & Co
Munters, a Swedish company specializing in energy-efficient air treatment and climate control technologies, has become a critical supplier to data center and advanced manufacturing industries, both of which are experiencing record levels of demand. As AI adoption accelerates and global cloud infrastructure expands, Munters’ data center cooling systems have played an essential role in enabling hyperscale growth. According to industry reports, global demand for data centers is projected to grow by over 10% annually through 2030.
This momentum is evident locally—Google recently acquired the remaining 312 acres in the Greenfield Industrial Park adjacent to Munter’s dual-building campus, with plans for a large-scale data center, adding to the region’s growing reputation as a high-tech logistics hub.
The new Munters facility will help accommodate the company’s growing order volume and solidify its long-term presence in the Mid-Atlantic region.
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 11 million SF of build-to-suit and speculative industrial and office projects, each involving a unique set of challenges and hurdles to overcome.
Graham & Co.’s projects and properties are managed by a staff of seasoned real estate professionals, including many who have earned prestigious designations such as SIOR, CRE, CCIM, LEED, RPA, CPM, and MAI.
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.
About Munters
Munters is a global leader in energy-efficient air treatment and climate solutions, with operations in over 30 countries. The company’s technologies are critical in sectors like data centers, pharmaceuticals, food production, and battery manufacturing, where precision climate control is essential.