HSA Commercial Real Estate today announced that global logistics provider Kuehne + Nagel has leased an additional 78,300 square feet in the newly-built distribution center at Gateway Business Park in Plainfield, Ind. Kuehne + Nagel, a Switzerland-based company with more than 1,000 offices and distribution centers worldwide, signed a lease for 55,500 square feet in June of 2017 and is already expanding to occupy a total of 133,800 square feet in the building, which is known as Gateway Industrial IV and located at 845 S. Columbia Road.
HSA Commercial Real Estate developed the 151,200-square-foot Gateway Industrial IV in partnership with Boston-based Washington Capital Management. Although construction was just completed in July, there is only one 17,400-square-foot suite still available for lease in Gateway Industrial IV, the fifth and final building in the 40-acre Gateway Business Park, which is located just west of the Indianapolis International Airport.
“With Kuehne + Nagel’s expansion, there are only three spaces remaining in the entire Gateway Business Park,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “Since we believe there is still plenty of demand yet to be satisfied in the area, and given the success we’ve experienced thus far, we are eager to find new industrial development opportunities in the Indianapolis market.”
HSA Commercial Real Estate’s past projects at Gateway Business Park include a 104,400-square-foot flex building that was built in 2004; a 121,000-square-foot warehouse constructed in 2006; a 34,880-square-foot build-to-suit facility for the Federal Aviation Administration; and the 220,000-square-foot Gateway Industrial III. HSA Commercial Real Estate and Washington Capital Management have also previously formed partnerships to develop a 650,000-square-foot distribution center in Nashville, Tenn., and a 218,500-square-foot warehouse in Waukegan, Ill.
John Hanley, Terry Busch and Jared Scaringe of CBRE represented ownership in the lease with Kuehne + Nagel.