HSA COMMERCIAL REAL ESTATE ADDS TO ITS OHIO PORTFOLIO; 263,973 SF INDUSTRIAL PROPERTY ACQUIRED
April 6, 2007
(Chicago – April 6, 2007) HSA Commercial Real Estate continues to add to its Ohio industrial portfolio and has acquired a 263,973-square-foot property at 2200 Fairwood Avenue, Columbus, according to the firm’s chairman, Jack Shaffer.
Constructed in 1969, this industrial warehouse is situated on 15 acres and is 100% occupied by American Signature, Inc., a division of Schottenstein Stores. Prior to American Signature, the building was occupied from its construction until 2002 by Yokohama Tire Company. American Signature uses the facility as a distribution center supplying merchandise to its 20-plus home furnishing stores.
Daniel F. Miranda, president, and Eric Ogden, senior vice president, led the team that identified and negotiated the acquisition of this property. Michael Linder and Shane Woloshan of Grubb & Ellis/Adena Realty Advisors represented both HSA and the seller, New York-based Aintsar Realty Corp.
HSA currently owns nearly 2,600,000 square feet of property in the State of Ohio, and this purchase continues the firm’s strategy of acquiring first-class properties nationwide, with over 17 million square feet of commercial property owned in 14 states.
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 over 17 million square feet of commercial property in 14 states.
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