March 13, 2008
(Chicago – March 13, 2008) Tim Thompson, executive vice president and director of industrial brokerage at HSA Commercial Real Estate, announced that Reviva Logistics has signed a 5-year lease for 231,880-square-feet at an HSA-developed and owned industrial facility at 1203 Bilter Road in Aurora, Ill. Charles Canale and Carter Andrus of Colliers Bennett Kahnweiler represented HSA in the deal, and are the exclusive leasing agents for the 2-building development.
Reviva Logistics is a division of Reviva, Inc., a distributer of OEM products and a remanufacturer of medium and light duty diesel engines. Headquartered in Minneapolis, and represented by CresaPartners, Reviva’s expansion into Aurora is one example of its strategy of continued growth in its core business. Reviva will be providing third party warehouse and distribution services for Hankook Tire, the worlds seventh largest tire manufacturer headquartered in Seoul, Korea.
1203 Bilter Road is a 295,000 square foot high cube industrial facility and is part of Aurora Distribution Center Phase II, which also includes 1207 Bilter Road, a 125,000 square foot facility. The entire complex was developed by HSA in 2006 and 2007 and has approximately 137,000-square-feet of space available. The buildings have 30’ clear ceiling heights, multiple docks and drive-in doors, and are conveniently located just ¼ mile from a full interchange on I-88.
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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