hsa commercial real estate represents buyer of 301,560 sf industrial property in naperville
May 5, 2005
(Chicago – May 5, 2005) Tim Thompson, executive vice president and managing director of HSA Commercial Real Estate's industrial brokerage division, announced that he has represented Midwest Warehouse & Distribution System in their purchase of a 301,560-square foot industrial warehouse facility at 2885 Diehl Road, Naperville, Ill.
Midwest Warehouse owns 12 buildings totaling over 3,500,000-square feet in the Chicago area and will use the Diehl Road facility for additional warehousing capacity due to an expansion of their business. With additional facilities in Los Angeles, Denver and York, Pennsylvania, Midwest Warehouse is a large national logistics services company that provides distribution and transportation services to their customers. Thompson has represented Midwest Warehouse for over 25 years in numerous purchases, sales and leases.
“Tim has provided us with the long-term strategy and expertise that we need in the highly competitive Chicago warehouse market,” said Ed Borkowski, Midwest 's president. “As our business continues to grow, Tim exhibits a wide knowledge of the real estate market and has proven over and over again how to anticipate and meet our needs.”
2885 Diehl Road was built in 1997 and has I-88 exposure. The rail served facility is located on 15.84 acres and has 30 exterior docks. The property was sold by SSR Realty Advisors, Inc., who was represented by Jeff Kapcheck and Lynn Reich of Colliers Bennett & Kahnweiler.
Celebrating more than 24 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. The firm and its principals have developed and acquired more than 30 million square feet of commercial real estate with total consideration in excess of $1.5 billion, its brokerage divisions have completed more than 6,500 transactions in over 30 states representing both owners and tenants, while the asset management division currently manages a property portfolio in excess of 18 million square feet.
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