Chicago-based HSA Commercial Real Estate has recently begun construction on three new industrial warehouses totaling 857,000 square feet in Wisconsin and Indiana. All of the developments are being built on a speculative basis, or without tenants lined up in advance.
“Significant e-commerce growth continues to drive demand for newly constructed Class A warehouse space along critical last-mile corridors,” said Robert Smietana, vice chairman and CEO of HSA. “With these three new spec projects, we’ll expand the options available to a diverse range of users whose expansion has kept vacancy near historic lows, even as deliveries have increased.”
The developments include the following:
- Gateway Industrial VI – 915 Airtech Parkway, Plainfield, Ind.: Located in Gateway Business Park, immediately southwest of Indianapolis International Airport, Gateway Industrial VI is a 278,148-square-foot warehouse that is the sixth HSA has developed in the 55-acre park since 2004. Scheduled for completion in late 2021, it will feature 32-foot clear heights, 28 truck docks and 621 parking spaces.
- Cudahy WI Industrial – 4850 S. Pennsylvania Ave., Cudahy, Wis.: Cudahy Industrial is a 130,600-square-foot warehouse immediately east of General Mitchell International Airport in Cudahy, Wis., a south suburb of Milwaukee that borders the Lake Michigan shoreline. The building, which replaces a vacant structure on the 8.2-acre site, is scheduled for completion in June 2022 and will include 32-foot clear heights, 13 truck docks (with potential to double) and 102 parking spaces. Located across from village-owned land, the project aligns with officials’ plans to revitalize the stretch of Pennsylvania Avenue between Layton and Edgerton avenues.
- Bristol Highlands Commerce Center III – 9403 136th Ave., Bristol, Wis.: Marking the third warehouse in HSA’s Bristol Highlands Commerce Center development in Bristol, Wisc., the new 447,000-square-foot distribution center at 9403 136th Ave. is scheduled for completion in early 2022. Offering easy access to Interstate 94, the project will feature 36-foot clear heights, 73 truck docks and ample parking for employees.
All buildings are now currently under construction, with Bristol Highlands III recently celebrating its groundbreaking ceremony.