HSA COMMERCIAL REAL ESTATE SELLS INDUSTRIAL CONDOMINIUM AT ASHLAND MARKETPLACE IN CHICAGO
February 1, 2006
(Chicago – February 1, 2006) HSA Commercial Real Estate's industrial team of Tim Thompson, SIOR, executive vice president and managing director of industrial brokerage, Mark Christensen, executive vice president, and Paul Broderick, associate, recently represented both HSA, the owner, and Anthony Marano Company, the buyer, in a 62,473-square foot industrial condominium sale at Ashland Marketplace, HSA's 524,800-square foot industrial development at 3000 S. Ashland Avenue, Chicago, Illinois.
The Anthony Marano Company purchased two additional condominium units in an expansion of their existing space at Ashland Marketplace. They were the first occupant of this HSA industrial development, originally purchasing 200,000-square feet for their produce distribution company in 1999.
Ashland Marketplace was developed by HSA in 1999 on 27 acres it acquired from the City of Chicago as part of a redevelopment pact between the City, the Chicago Sun-Times and HSA. The largest speculative facility ever built in the City of Chicago, Ashland Marketplace is immediately next door to the Sun-Times' printing plant. The development is now 100% occupied.
Celebrating more than 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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