hsa commercial real estate developing industrial distribution facility outside of st. louis
October 19, 2005
(Chicago – October 19, 2005) HSA Commercial Real Estate has announced that it has a 213,990-square foot industrial distribution facility under development in Hazelwood, Missouri, a St. Louis suburb. Located on HSA's Park 370 industrial campus, this is the 2nd building that HSA has developed on the site, following the successful leasing in 2005 of a 340,000-square foot distribution center.
This cross-docked facility is divisible to a minimum of 49,000-square feet, has 30' clear ceiling heights and 24 dock doors with levelers and seals. Sited next to the St. Louis Mills Mall, the Park 370 is less than a mile from the junction of I-270 and I-370 in the northwest suburbs of St. Louis.
HSA has hired John Sheahan, Jr., and Andrew H. Port of NAI DESCO Commercial to head the leasing efforts. Completion is expected in the 2nd quarter of 2006.
HSA's development division is one of the most prolific industrial development firms in the Midwest, having completed development of more than 1.5 million square feet of industrial space since 2001. HSA currently has 800,000-square feet under development, with an additional 650,000-square feet scheduled by year's end.
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 across the United States 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 15 million square feet in 11 states.
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