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hsa commercial real estate represents national city bank in three land acquisitions for future retail banking facilities
December 15, 2005

(Chicago – December 15, 2005) Michael Havdala, senior vice president, and Shannon Pope, vice president, of HSA Commercial Real Estate's retail brokerage division, represented National City Bank in negotiating the purchase of three land parcels in the Chicago metropolitan area for future retail banking facilities.

Havdala and Pope are National City 's real estate representatives in the Chicago area and have previously negotiated 32 land sales and retail leases since the bank began its Chicago expansion in 2003. They negotiated on behalf of the bank the following recent land acquisitions:

  • National City acquired .69 acres of land at the SWC of Ogden and Fairview in Downers Grove, Illinois, and will construct a new retail branch bank facility on the site in 2006. The property was sold by Mosiac Properties and Development LLC which represented themselves.
  • A 1.75 acre site was acquired from American Drug Stores, Inc., a subsidiary of Albertson's, at 159th and 80th Avenue in Tinley Park , Illinois. Again, the bank plans to construct a branch banking facility on the site in 2006.
  • The third transaction involved the purchase of 64,124-square feet of land for a new branch bank at the new Woodman's Market anchored center located at the SEC of Randall and Oak, North Aurora, Illinois. The property was sold by Midco-Dalan North Aurora, LLC, who was represented by Andrew Robbins of Mid America Development Corporation.

National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, consumer finance, asset management, mortgage financing and servicing, and payment processing.

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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