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| Rendering of planned spec 220,000-SF industrial building in Gateway Business Park 1025 Columbia Road, Plainfield, IN |
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| Jack Shaffer |
CHICAGO, IL and INDIANAPOLIS, IN— Jack Shaffer,
chairman and founder of HSA Commercial Real Estate, announced that construction
has commenced on a 220,000-square-foot speculative industrial building the firm
is developing in partnership with Great Point Investors LLC in the Gateway
Business Park at 1025 Columbia Road, Plainfield, Ind.
Crews from the project’s general contractor, Fishers,
Ind.-based Meyer Najem, are in the process of completing the mass earthwork and
site utilities and will be erecting the wall panels next month.
“Since Meyer
Najem built the other two buildings at the Gateway Business Park, as well
as the build-to-suit for the FAA (Federal Aviation Administration) just south
of our site, they are familiar with Plainfield requirements and have moved very
quickly so far,” said Craig Phillips, executive vice president of development
with HSA Commercial.
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| Craig Phillips |
“As long as we maintain this pace, we should have all of the
walls up for the building shell by the end of the year.”
Located on 13 acres
immediately southwest of the Indianapolis International Airport, the
freeway-visible industrial building at Gateway Business Park will feature 32’
clear heights, 24 truck docks, four drive-in doors, 155 parking spaces and
quick access to Interstate 70 with convenient connectivity to the rest of the
regional interstate system.
Delivery of the project is scheduled for spring 2014.
“The Indianapolis market has been active for spec
development, but our project is unique because it targets smaller users between
40,000 and 100,000 square feet,” said Robert Smietana, vice chairman and
CEO of HSA Commercial.
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| Robert Smietana |
“We have been encouraged by the amount of interest in our
development so far from that category of tenants, especially at such an early
stage in construction.”
Terry Busch and John Hanley of CBRE have been
selected to represent HSA Commercial and its joint venture partner, Great Point
Investors LLC, in the project leasing.
For a complete copy of the company’s news release, please
contact:
Mark Thomton
312-267-4523
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