HSA Commercial Real Estate today announced that the firm has executed a long-term lease renewal with Banning Engineering at 853 Columbia Road in the Gateway Industrial Business Park in Plainfield, Ind. Banning, a civil engineering and surveying firm which occupies 16,000-square-feet in the first distribution facility to be constructed at the 13-acre business park in suburban Indianapolis, was an original tenant of the project in 2004. The Gateway Industrial Business Park, which is owned and managed by HSA Commercial, has since expanded to include a 121,000-square-foot multi-tenant second phase that was built in 2006, a 34,880-square-foot facility occupied by the Federal Aviation Administration, and a 220,000-square-foot speculative warehouse that HSA built in partnership with Great Point Investors LLC in 2014.
“Banning Engineering is happy to extend our commitment to Plainfield and Hendricks County through the renewal of our office lease in Gateway Industrial Park,” said Jeff Banning, president and founder of Banning Engineering. “For our entire 21 years of existence, our company has proudly maintained its offices in Plainfield, and we look forward to many more years to come.”
“Through HSA’s new developments, Gateway Industrial Business Park has grown to include four buildings totaling over 480,000-square-feet,” said Ken Verne, asset manager with HSA Commercial who represented ownership in the transaction. “We appreciate the fact that Banning Engineering has remained committed to the property during that time and look forward to a continued relationship with them.”
The most recent development at Gateway Industrial Business Park, Gateway Industrial III, features 32’ clear heights, 35 truck docks, 4 drive-in doors, 256 parking spaces, and quick access to Interstate 70 with convenient connectivity to the rest of the regional interstate system. Built in 2014, the 220,000-square-foot building already has new leases with two logistics companies, Black Horse Carriers and Kuehne + Nagel, which occupy a combined 54 percent of the distribution facility.
About Banning Engineering
Banning Engineering is an award-winning, multi-dimensional civil engineering and surveying firm that offers a wide variety of services including site engineering, hydraulics & hydrology and land surveying. For more information about Banning Engineering, visit www.banningengineering.com.