HSA Commercial Real Estate today announced the firm has executed a 56,592-square-foot lease with Safran Nacelles Services Americas LLC (“Safran Nacelles”) at its Gateway V distribution center at 845 Airtech Parkway in Plainfield, Ind. The Paris-based aerospace firm, which designs, integrates and ensures customer support and services for aircraft engine nacelle systems, entered into a 10-year lease and plans to take occupancy in December after relocating from a smaller facility in the market.
The Safran Nacelles lease follows a separate 68,175-square-foot lease with LifeNet Health, a provider of transplant solutions. Executed in February 2019, it also has an initial term of 10 years.
“It’s rare to have industrial tenants sign 10-year leases as both LifeNet and Safran Nacelles have done at Gateway V,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “That really speaks volumes about each corporation’s long-term commitment to the Indianapolis market and the value they place on the development’s strategic location.”
Developed on a speculative basis, the 262,758-square-foot Gateway V distribution center features 32-foot clear heights, 30 truck docks (expandable), four drive-in doors, 185 parking stalls and 70 trailer positions. With the LifeNet and Safran Nacelles leases, the facility is now approximately 50% leased, with 137,991 square feet remaining.
HSA Commercial Real Estate has recently developed six buildings totaling approximately 900,000 square feet at the Gateway Business Park – most recently, the 151,200-square-foot Gateway IV building, completed in July 2017 and currently fully leased.
Terry Busch and Jared Scaringe of CBRE represented ownership in the lease transaction, and Savills brokers Zak Mirkowski and Taylor Wood represented Safran Nacelles.