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| Rendering of planned spec warehouse at Park 355, Woodridge, IL |
CHICAGO, IL (April 8, 2013)— Jack Shaffer, chairman
and founder of HSA Commercial, Inc., announced today that the firm will break
ground this month on a 180,480-square-foot speculative warehouse facility at Park
355 in Woodridge, Ill.
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| Jack Shaffer |
To launch the project, HSA Commercial is partnering with
Denver-based Industrial Income Trust (IIT), a non-traded real estate investment
trust that acquires and operates high-quality distribution warehouses and other
industrial properties.
The proposed industrial
building, which will feature 30-foot clear heights, frontage on Interstate 355,
an ESFR sprinkler system, 49 exterior truck docks, and four drive-in doors,
will be divisible to 17,580-square-foot suites to accommodate smaller
industrial tenants seeking immediate leasing opportunities.
“HSA Commercial
experienced a lot of success in attracting a stable, national tenant mix with
the first phase of Park 355,” said Craig Phillips, executive vice
president of development with HSA Commercial. “We are looking forward to
working with IIT to continue that success in Phase II.”
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| Craig Phillips |
“For industrial
tenants around 20,000 square feet, there are not a lot options in the I-55
corridor, especially in the type of Class A industrial space that our project
will have to offer,” said Tim Thompson, SIOR, executive vice president
and managing director of the Industrial Services Division at HSA Commercial,
who is responsible for the leasing of Park 355’s second phase.
“We expect that this
will be an attractive opportunity for those smaller tenants that are still
struggling to find a spot in the market.”
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| Tim Thompson |
For a complete copy of the company’s news release, please
contact:
Mark Thomton,
312-267-4523
Kim Manning,
312-267-4527
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