Wednesday, September 11, 2019

HSA Commercial Real Estate Signs 56,592-SF Lease with Aerospace Firm Safran Nacelles at Gateway V Development Near Indianapolis Airport

Gateway V distribution center, 845 Airtech Parkway, Plainfield, IN

  
CHICAGO, IL and INDIANAPOLIS, IN (Sept. 11, 2019) — Chicago-based HSA Commercial Real Estate today announced the firm has executed a 56,592-square-foot lease with Safran Nacelles Services Americas LLC (“Safran Nacelles”) at its Gateway V distribution center at 845 Airtech Parkway in Plainfield, Ind., near the Indianapolis International Airport. 

The Paris-based aerospace firm, which designs, integrates and ensures customer support and services for aircraft engine nacelle systems, entered into a 10-year lease and plans to take occupancy in December after relocating from a smaller facility in the market.

 Robert Smietana
The Safran Nacelles lease follows a separate 68,175-square-foot lease with LifeNet Health, a provider of transplant solutions. Executed in February 2019, it also has an initial term of 10 years.

“It’s rare to have industrial tenants sign 10-year leases as both LifeNet and Safran Nacelles have done at Gateway V,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. 

“That really speaks volumes about each corporation’s long-term commitment to the Indianapolis market and the value they place on the development’s strategic location.”

Developed on a speculative basis, the 262,758-square-foot Gateway V distribution center features 32-foot clear heights, 30 truck docks (expandable), four drive-in doors, 185 parking stalls and 70 trailer positions. With the LifeNet and Safran Nacelles leases, the facility is now approximately 50% leased, with 137,991 square feet remaining.

Terry E. Busch 
HSA Commercial Real Estate has recently developed six buildings totaling approximately 900,000 square feet at the Gateway Business Park – most recently, the 151,200-square-foot Gateway IV building, completed in July 2017 and currently fully leased.

Terry Busch and Jared Scaringe of CBRE represented ownership in the lease transaction, and Savills brokers Zak Mirkowski and Taylor Wood represented Safran Nacelles.

About HSA Commercial Real Estate:Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis.

Jared Scaringe
Along with developing and acquiring more than 100 million square feet of commercial real estate across the United States, with a total consideration in excess of $6 billion.

HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 14 million square feet in locations across the nation; and owns more than 10 million square feet of commercial property throughout the country.

CONTACTS: 

Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523 
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

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