HSA COMMERCIAL REAL ESTATE PURCHASES 200,000 SF INDUSTRIAL FACILITY IN NORMAL, ILLINOIS
February 10, 2006
(Chicago – February 10, 2006) Robert E. Smietana, vice chairman and CEO, HSA Commercial Real Estate, announced that the firm has purchased a fully leased 200,000-square foot industrial warehouse at 2601 W. College Boulevard, Normal, Illinois.
Constructed in 1990 and recently renovated, the property is situated on 15.92 acres and includes 42 loading docks with levelers, 30' to 35' ceiling heights and is fully sprinklered. The entire facility is leased to TNT Logistics, a world provider of logistics supply chain solutions and express delivery services.
HSA was represented in this purchase by David Lange of Commercial Investment Partners in Brookfield, Wisconsin and the seller of the property, the Utah State Retirement Investment Fund, was represented by Kevin Santalauria of Bradford Commercial Real Estate Services, Dallas, Texas.
HSA is one of the nation's largest industrial property owners, having purchased nearly 3,000,000-square feet of properties in 4 states in the last 10 months. This is the firm's first industrial acquisition in the Bloomington-Normal area.
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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