FULLY LEASED INDUSTRIAL FACILITY PURCHASED BY HSA COMMERCIAL REAL ESTATE IN WAUKESHA, WI
Firm adds to its growing Wisconsin portfolio
October 22 , 2007
(Chicago – October 22, 2007) Jack Shaffer, chairman, and Robert E. Smietana, CEO, vice chairman, HSA Commercial Real Estate, announced that the firm has acquired a 40,564-square foot fully leased industrial facility at 2000 Airport Road in Waukesha, Wis., a western suburb of Milwaukee.
The property, constructed in 1991 and expanded in 1999, has been occupied by Acme Machell Company, Inc., since it was built. Acme is a custom molded rubber manufacturer known for their ability to produce high quality engineered products. The light manufacturing facility boasts 18’ high ceiling heights, 4 dock high loading doors, 1 drive-in door and 4,878 square feet of office space.
The property is located in the growing Waukesha area 15 miles west of downtown Milwaukee. Interstate 94 is located within one mile of the property providing exceptional interstate access to Milwaukee and the Midwest. The Waukesha Airport is adjacent to the property.
Eric Ogden, HSA Senior Vice President of Acquisitions, successfully negotiated the purchase from the seller, a private investment group.
HSA’s Wisconsin investment portfolio now stands at 2,000,000 square feet of commercial properties, along with 90 acres of vacant land recently purchased for future 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. Along with developing all kinds of commercial real estate across the United States, its brokerage divisions have completed more than 7,000 transactions in 43 states representing both owners and tenants, 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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