HSA Commercial Real Estate today announced the firm has signed a 98,251-square-foot, long-term lease with Eagle Foods at Delany Commerce Center in Waukegan, Ill. Eagle Foods—a manufacturer and distributor of household food and snack products such as G.H. Cretors and other specialty popcorn brands as well as of sweetened condensed and evaporated milk—will take occupancy of its premises in December after an interior build-out is completed.
The 218,500-square-foot building at 2431 Delany Road, which is now fully-leased, is the first distribution facility at Delany Commerce Center, developed by HSA Commercial Real Estate in partnership with Washington Capital Management, Inc. Delany Commerce Center also includes a 12-acre lot available for larger, build-to-suit requirements or future speculative development.
“Given the lack of supply of Class-A industrial space in Lake County, we are interested to explore future development opportunities for the 12-acre land site at Delany Commerce Center,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “As more prestigious brands like Eagle Foods continue to move into the area and experience the benefits of the location and convenient accessibility to Interstate 94 and Highway 41, we believe that will only encourage further development.”
Tim Thompson, executive vice president and managing director of the Industrial Services Division of HSA Commercial Real Estate, represented ownership in the lease transaction. Ed Lowenbaum of Lowenbaum REP represented the tenant.