March 10, 2008
(Chicago – March 10, 2008) Jack Shaffer, chairman, HSA Commercial Real Estate, announced that the firm has acquired 24-acres of vacant land in Waukegan, Ill., at the corner of Blanchard and Delaney Roads, near the Waukegan Regional Airport. HSA purchased the land with future plans to develop an industrial park on the site, as it is strategically located within a few miles of two full I-94 interchanges and can be easily improved to provide rail access from the Union Pacific line.
Doug Reed, HSA senior vice president, represented both ownership and HSA in this transaction, and presented this opportunity to HSA before the property actually went on the market to the public. “There is a limited amount of vacant land still remaining in this part of Lake County,” commented Reed, “and the current zoning for this land conforms with the future development plans HSA offers.” The seller was the Holstein Family Trust.
HSA is one of the area’s leading developers, with over $1 billion in developments completed across the United States, representing 35 million square feet of commercial projects. Over 3,000,000 square feet of development projects are in the pipeline for 2008.
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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