July 13, 2007
(Chicago – July 13, 2007) Jack Shaffer, Chairman, HSA Commercial Real Estate, announced that the firm has completed the first phase of its Park 355 speculative industrial development located on 40 acres fronting the I-355 extension in Woodridge, Ill. Two leases totaling 38,543 square feet have also just been signed.
Phase I of Park 355 consists of a 254,000-square-foot multi-tenant distribution/warehouse building designed to accommodate users ranging from 16,000 square feet to 250,000 square feet. It sits on a highly visible site adjoining the I-355 extension at 2145 Internationale Parkway. There are 33 acres of buildable land remaining at the site and HSA plans on constructing either another speculative building or a build-to-suit facility as large as 350,000.
New 5-year leases were signed with:
• Agile Trade Show & Event Furnishings Inc., which leased 16,343 square feet for a new distribution center, relocating from Lemont Road in Darien, Ill. Agile, with corporate headquarters in New York, provides furniture and support for trade show events, and operates across the United States. Agile was represented by Brent DeNoble of Colliers Bennett & Kahnweiler.
• National Salad Oil, which leased 22,200 square feet for a distribution center. National Salad Oil, a locally based company, distributes internationally flavored oils and spices to ethnic grocers across the nation. They were represented by Charles Canale of Colliers Bennett & Kahnweiler.
Canale of CB&K serves as the exclusive leasing agent for the property and worked with HSA’s Tim Thompson, executive vice president and managing director of industrial brokerage, to craft the two leases.
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.
###
