HSA'S PRIMECARE DIVISION ACQUIRES FULLY LEASED OFFICE BUILDING IN CHAMPAIGN, ILLINOIS; THE FIRM'S 2ND ACQUISITION IN THE CHAMPAIGN/URBANA MARKET
June 7, 2006
HSA Commercial Real Estate's Prime Care division has purchased a 29,680-square foot single tenant office building at 206 W. Anthony Drive, Champaign, Illinois. This marks the firm's second office acquisition in the Champaign-Urbana market, having acquired a 46,431-square foot medical office building at 1405 W. Park Street, Urbana, Illinois, in April of 2005. Prime Care is HSA's health care real estate consulting services division.
206 W. Anthony Drive is a one-story office building situated on a 2.8 acre parcel that has recently undergone an extensive exterior and interior renovation. The property was constructed in 1995 and is 100% leased to the 75-year old Carle Foundation, a not-for-profit, locally owned and operated health care system which manages Carle Foundation Hospital and other Carle health care services.
John Wilson, president of the Prime Care division, and Jon Boley, assistant vice president, acquisitions and development, led the HSA team that identified and negotiated the purchase of this property.
This acquisition brings HSA's medical facility portfolio to over 8 projects in three states, including 3 new medical office buildings the firm has developed in the Chicago suburbs, with a total portfolio value of over $80,000,000.
HSA is one of the most prolific developers in the Midwest with over 1.5 million square feet of projects currently under development. The firm and its principals have developed more than 1,800 acres with over 30 million square feet of buildings valued at over $1 billion since the firm's inception 25 years ago.
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.
