HSA COMMERCIAL REAL ESTATE REPRESENTS CENTERPOINT
PROPERTIES IN 73,875 SF INDUSTRIAL LEASE
November 2, 2006
(Chicago – November 2, 2006) Tim Thompson, executive vice president and managing director of industrial brokerage, and Doug Reed, senior vice president, HSA Commercial Real Estate, represented CenterPoint Properties in leasing 73,875-square feet of industrial space at their property located at 1645 Downs Drive, West Chicago, Ill.
Leggett & Platt, based in Carthage, Missouri, leased the space to use as a warehouse/distribution center. They are a diversified manufacturer that designs and produces a broad variety of engineered components and products for customers worldwide. They also retain an option to purchase the building at a future date. Steve Tick with Podolsky Northstar represented Leggett & Platt.
1645 Downs Drive was built in 1975 and is fully leased. CenterPoint purchased the property in 2005 from an HSA affiliated partnership. Thompson and Reed were retained by CenterPoint after the purchase to market the space when it became available.
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.
