hsa commercial real estate leases 32,803 sf of space to filene's basement at orland park place
March 26, 2007
(Chicago – March 26, 2007) David Keady, senior vice president in HSA Commercial Real Estate's Retail Brokerage division, represented ownership of Orland Park Place, Inland Commercial Property Management Co., Inc., in negotiating a lease of 32,803 square feet of retail space to Filene's Basement, the country's oldest and most famous off-price store which has been selling brand name and designer fashions for men and women since 1908.
Orland Park Place is a 700,000-square-foot power center successfully developed by HSA in 1999. HSA sold the center to Inland in 2005. Filene's will join other national retailers such as Dick's Sporting Goods, Kohl's, Office Depot, Marshall's, Old Navy, DSW, Steinmart and others.
Filene's Basement was represented by Scott Stefanik of Midwest Commercial Realty and Michael Schertler of Tartan Realty.
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 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 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 12 states and the firm presently owns nearly 17 million square feet of commercial property in 14 states.
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