HSA COMMERCIAL REAL ESTATE ACQUIRES 154,000 SF FULLY LEASED INDUSTRIAL FACILITY IN KANSAS CITY, MO
January 15, 2008
(Chicago – January 15, 2008) Robert E. Smietana, CEO, vice chairman, HSA Commercial Real Estate, announced that the firm has acquired a 154,000-square-foot industrial facility at 4101-4131 N. Kentucky Avenue, Kansas City, Mo. This is the firm’s first acquisition in Kansas City, capping a year that saw HSA acquire over 3.1 million square feet of commercial property across the United States.
4101-4131 N. Kentucky Avenue is a first class, state-of-the-art industrial facility constructed in 2004. It is fully leased to 3 national tenants: American Tire Distributors, Rent-A-Center and Ecolab, and is located in the northeast industrial submarket of Clay County.
The building is precast construction with 28’ clear ceiling heights, 50’ x 44’ column spacing and 24 loading docks. The entire facility is ESFR rated, and within minutes of 4 interstate highways: I-435, I-35, I-29 and I-70. Mike Caprile and David Hinchman of CB Richard Ellis represented the seller, a private investment group.
HSA is one of the largest industrial property owners in the nation, with over 14 million square feet of industrial product in its portfolio. Financing for this acquisition was handled in-house by HSA’s Finance Brokerage division.
Celebrating 27 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 7,500 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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