HSA COMMERCIAL REAL ESTATE ACQUIRES 11TH COMMERCIAL PROPERTY IN OHIO
December 22, 2006
(Chicago – December 22, 2006) Robert E. Smietana, vice chairman and CEO, HSA Commercial Real Estate, announced that the firm has acquired 1120 West 130 th Street, Brunswick, Ohio, a 100,301-square-foot industrial distribution facility. This is the 11 th Ohio commercial property that has been acquired by HSA in the past three years, bringing its Ohio portfolio to over 2,222,000 square feet of assets.
1120 West 130th is 100 percent leased on a long-term basis to Superior Pool Products, a wholesale distributor of swimming pool and related backyard products. The property was built in 2000 and consists of 91,781 square feet of warehouse space and 8,520 square feet of office space. The property sits on 7.38 acres. Brunswick, Ohio is located midway between Cleveland and Akron and is the largest city in Medina County.
HSA's Eric Ogden, senior vice president, led the team that identified and negotiated the purchase of this property. The seller, LAS Investments LLC, was represented by Mike Howard with CB Richard Ellis in Cleveland.
HSA currently owns property in several Ohio cities, including Columbus, Cincinnati, Fairfield, Groveport and Troy. On a national level the firm continues its strategy of acquiring properties, making it one of the largest industrial property owners in the nation.
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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