HSA COMMERCIAL REAL ESTATE ACQUIRES OFFICE BUILDING IN GREEN BAY, WISCONSIN
April 11, 2006
Robert E. Smietana, vice chairman and CEO, HSA Commercial Real Estate, has announced that the firm has acquired a 108,222-square foot Class A office building located at 2727 S. Ridge Road, Green Bay, Wisconsin. This is the firm’s fourth acquisition in the state of Wisconsin.
The property is 100% occupied and serves as the corporate headquarters of Foth & Van Dyke Engineering/Consulting Firm, a premier provider of engineering and consulting services to government, industrial and commercial clients. Foth & Van Dyke has been in business for 66 years.
The building is located on an 11.4 acre land site and was constructed in 1977, with a 15,230-square foot data processing center added to the main structure in 1989. The property has had extensive renovation over the last 8 years, including a new security system, ceiling tile replacement, cooling tower replacement, partial roof replacement and parking lot resurfacing.
HSA was represented by David Lange, Commercial Investment Partners, Brookfield, Wisconsin. The seller, a private investment partnership, was represented by Glen Berhow of Grubb & Ellis.
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.
