IRON MOUNTAIN LEASES 49,250 SF IN HSA COMMERCIAL REAL ESTATE'S BATON ROUGE WEST DISTRIBUTION CENTER
June 11, 2008
Craig Phillips, executive vice president and director of Chicago-based HSA Commercial Real Estate’s development division, announced that Iron Mountain, Inc., has leased 49,250 square feet of warehouse space in HSA-developed Baton Rouge West Distribution Center, 1875 Grand Terre, Port Allen, Louisiana. Iron Mountain is the first tenant to take space at this newly completely 2-building, 500,000-square-foot development.
Founded in 1951, Iron Mountain provides records management and data protection to over 100,000 corporate clients throughout North America, Europe, Latin America and the Pacific Rim. They were represented in this transaction by Marc Barker of NAI Latter & Blum. HSA was represented by Beau Box and Brent Garrett of Beau Box Commercial Real Estate, the exclusive leasing agents for this project.
Baton Route West Distribution Center was developed by HSA on land that it purchased adjacent to an existing building at 1844 Commercial Drive that has been long owned by HSA and is the home to the United States Postal Service’s Louisiana mail distribution center. Situated along I-10 in Port Allen, just west of Baton Rouge, the project consists of two buildings totaling 500,000 square feet with 30’ clear ceiling heights, 50’ bay spacing and up to 225,000 contiguous square feet.
HSA is a major player in industrial development across the United States, with several million square feet of product under development or in the planning stages at present. Craig Phillips was brought on board HSA in February, 2008 to create new development opportunities for the firm and manage existing developments.
Celebrating 27 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. Along with developing all kinds of commercial real estate across the United States, its brokerage divisions have completed more than 7,500 transactions in 43 states representing both owners and tenants, the asset management division currently manages a property portfolio in excess of 15 million square feet in 12 states and the firm presently owns over 17 million square feet of commercial property in 14 states.
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