HSA Commercial Real Estate today announced the firm has signed a 20,439-square-foot lease with American Residential Services (“ARS”) at 853 Columbia Road in Plainfield, Ind. ARS, a Memphis-based network of commercial and residential plumbing and HVAC businesses, is scheduled to move into the fully leased building in September.
The 104,400-square-foot building at 853 Columbia Road was developed in 2004 as the first phase of HSA Commercial Real Estate’s 55-acre Gateway Business Park, near the Indianapolis International Airport. With the explosive growth in e-commerce and logistics in Indianapolis, HSA Commercial has continued to expand Gateway Business Park, developing six buildings totaling approximately 900,000 square feet. Most recently, HSA Commercial completed construction of the 262,758-square-foot Gateway V distribution center, where the firm signed long-term leases with transplant solutions provider LifeNet and Paris-based aerospace firm Safran Nacelles in 2019.
“As we continue to grow and develop new state-of-the-art warehouses, we are pleased to see ARS find a home in our very first building at Gateway Business Park campus,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “With the existing buildings in the park at full occupancy, it gives us even more confidence to press ahead with our development plans going forward.”
Terry Busch and Jared Scaringe of CBRE and Christine Muszynski of HSA Commercial represented ownership in the lease transaction.