HSA COMMERCIAL REAL ESTATE SIGNS 143,532 SF LEASE EXTENSION WITH LOWE'S IN WHITE HOUSE, TENN
January 11, 2007
(Chicago – January 11, 2007) Daniel F. Miranda, president, HSA Commercial Real Estate, announced that the firm has renewed and extended its lease with Lowe's Home Improvement Centers for 143,532 square feet at HSA-owned 510 Hester Drive, White House, Tenn.
Lowe's, a long-term tenant at the property, leases the space for use as a millwork facility, one of three the company operates in the U.S. The remaining 139,920 square feet of the building is leased to Ingersoll-Rand Company for a distribution and service facility. Miranda, along with Kenneth Verne, HSA's general manager for the building, represented both HSA and Lowe's.
510 Hester Drive was purchased by HSA in April, 2005 and is located in the Interstate Business Park along I-65 north of Nashville. The facility is situated on a 50 acre site, and can be expanded on either end. HSA also owns an additional 50 acre site next door that can accommodate more than 700,000 square feet of industrial development.
Celebrating 26 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 33 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 7,000 transactions in 43 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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