HSA commercial real estate KEEPS UP ACQUISITION PACE; 145,000 SF INDUSTRIAL FACILITY PURCHASED IN BOLINGBROOK, IL
July 12, 2006
Jack Shaffer, Chairman, HSA Commercial Real Estate, announced that the firm has added 575 W. Crossroads Parkway, Bolingbrook, Illinois, to its portfolio, marking the fifth acquisition the firm has made this year. The 145,000-square foot distribution/warehouse facility was purchased from Powers Retail Systems in a sale-leaseback transaction.
Located ½ mile from I-55, 145 W. Crossroads Parkway was constructed in 2001 on 9.5 acres of land. The building is 100% occupied on a long-term basis by two credit worthy tenants, Walgreen Company and Powers Retail Systems.
Eric Ogden, Vice President in HSA's acquisition division, negotiated directly with Powers Retail Systems on HSA's behalf. HSA is very active in the I-55 corridor, developing over 1.5 million square feet of industrial properties in that market in the last 3 years. This purchase will continue the firm's ongoing strategy to position itself in the area.
Celebrating 25 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a diversified national 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.
