HSA COMMERCIAL REAL ESTATE'S CORPORATE SERVICES DIVISION NEGOTIATES EXPANSION FOR JAMES HARDIE BUILDING PRODUCTS
February 8, 2006
(Chicago – February 8, 2006) Tim Stanton, executive vice president, and Ryan Foran, tenant representative, HSA Commercial Real Estate's corporate real estate services division, negotiated a lease expansion to 8,499-square feet for James Hardie Building Products' regional sales and marketing office at 29 N. Wacker Drive, Chicago, Ill. Stanton and Foran negotiated James Hardie's original lease at this property in July, 2005.
James Hardie Building Products is a world leader in fiber cement technology, backerboard and pipe, making it the fastest growing siding manufacturer in North America. This phenomenal growth led to the early expansion of their downtown office because of immediate space needs. Stanton and Foran were asked to contact the building's leasing agent and explore their options. Additional space was available in the building conveniently located next to James Hardie's existing suite.
29 N. Wacker Drive is owned by Intercontinental Stonecreek II, which was represented by Kim Robare of CB Richard Ellis.
Celebrating 25 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 11 states.
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