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| Rendering of planned spec 220,000-SF warehouse building in Plainfield, IN |
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| Jack Shaffer |
CHICAGO, IL and INDIANAPOLIS (Oct. 10, 2013) - Jack Shaffer, chairman and
founder of HSA Commercial, Inc., announced today that the firm has again
partnered with Boston-based Great Point Investors LLC to launch HSA’s third
speculative industrial development this year.
The partnership expects to break ground this month on a new
220,000-square-foot warehouse building near Columbia Road and Ronald Reagan
Parkway in Plainfield, Ind.
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| Robert Smietana |
Located on 13 acres
immediately southwest of the Indianapolis International Airport, the new
industrial building at Gateway Business Park will feature 32’ clear heights, 24
truck docks, 4 drive-in doors, 155 parking spaces and quick access to
Interstate 70 with convenient connectivity to the rest of the regional
interstate system.
“There has been a
lot of positive leasing activity with third-party logistics tenants in
Indianapolis throughout the past couple years particularly in the Plainfield
submarket,” said Robert Smietana, vice chairman and CEO of HSA
Commercial.
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| Steve Roth |
“With the supply of first-class industrial product running
out and e-commerce fueling new demand for high-cube distribution centers, HSA
and Great Point saw this as the perfect opportunity to start building again in
Indy.”
HSA recently
reported that the firm partnered with Great Point Investors to build a
218,500-square-foot spec industrial facility at 2431 Delany Road in Waukegan,
Ill. Delivery for that project is scheduled to occur in Q4 2013.
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| Michael Caprile |
Michael Caprile,
vice chairman, and Steve Roth, executive vice president, of CBRE secured
Great Point Investors for the joint venture with HSA at both Waukegan and
Plainfield.
Chicago-based The PrivateBank is providing construction
financing for the Gateway Business Park spec development. Fishers, Ind.-based
Meyer Najem will serve as the project’s general contractor, and JRA Architects
is responsible for the project design.
For a complete copy
of the company’s news release, please contact:
Mark Thomton
312-267-4523
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