HSA Commercial and Clarion Partners Finalize 381,874-Square-Foot Lease with Kenco Logistics in Shorewood, IL

Heartland Corporate Center, a 757,880-square-foot warehouse development at 21530 SW Frontage Road in Shorewood, IL,
near the I-55 and I-80 interchange. 

Robert E. (Bob) Smietana

CHICAGO, IL — Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners LLC  jointly announced the firms have signed a 381,874-square-foot, long-term lease with Kenco Logistics Services at the Heartland Corporate Center, a 757,880-square-foot warehouse development at 21530 SW Frontage Road in Shorewood, Ill., near the I-55 and I-80 interchange. 

Chattanooga, Tenn.-based Kenco Logistics, one of the largest privately held third-party logistics firms in the country, will take occupancy of the facility in December once interior improvements are completed.

The transaction is one of the largest industrial leases signed in the Chicago market since the start of the COVID-19 pandemic.

Now fully leased, the Heartland Corporate Center was developed by HSA Commercial Real Estate in partnership with Clarion Partners on a 46-acre land site.

Tim Thompson

 The distribution center features 36-foot clear heights, 108 truck docks and 240 parking spaces for employees and visitors.

“Despite the headwinds in the economy as a result of the pandemic, industrial leasing activity has remained really strong for well-located distribution centers as businesses and consumers have come to expect same-day or expedited delivery for everything they order – now more than ever,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate.

 “We are thrilled but not surprised at the speed of the lease-up at Heartland Corporate Center because its strategic location at the interchange of I-80 and I-55 was pitch-perfect in terms of satisfying expectations for today’s consumers.”

David Bercu

The lease with Kenco Logistics is the second executed at the Shorewood property. In November 2019, ownership announced a 375,000-square-foot lease with Des Plaines, Ill.-based DSC Logistics.

Tim Thompson, executive vice president of HSA Commercial, spearheaded the development on behalf of the firm.

David Bercu and Matthew Stauber of Colliers International represented ownership in the Kenco Logistics lease, while Sean Henrick of Cushman & Wakefield represented the tenant.

Matthew Stauber

 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 healthcare real estate leasing, management, marketing, development and financing on a national basis. 

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 13 million square feet of commercial property throughout the country.

Sean Henrick 

About Clarion Partners:

Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. 

Headquartered in New York, the firm has offices in Boston, Dallas, London, Los Angeles and Washington, DC. 

With more than $51 billion in total assets under management, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors.

CONTACTS: 

Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.clarionpartners.com