HSA Commercial recently announced it has executed two industrial lease renewals totaling 115,395 square feet with Kuehne+Nagel USA in the Indianapolis market. Kuehne+Nagel is a Switzerland-based global transport and logistics company with nearly 1,300 sites in over 100 countries.
Kuehne+Nagel USA signed two renewal leases for space in two separate buildings in HSA Commercial’s Gateway Business Park near the Indianapolis International Airport, where it has had a presence since 2004. They include a 59,895-square-foot lease at Gateway Industrial III, located at 1025 S. Columbia Road in Plainfield, Ind., that began this month. A second renewal was signed for 55,500 square feet of space at Gateway Industrial IV, located nearby at 3051 Midfield Court. That lease will commence in June 2022.
“We continue to meet unprecedented demand for modern warehouse space in critical logistics hubs with easy access to roads, rails and runways,” said Robert Smietana, vice chairman and CEO for HSA Commercial Real Estate. “Due to current market dynamics, the centrally located Indianapolis market continues to be a hotspot where top-tier logistics firms want to locate so they can be a day’s drive from nearly half of the U.S. population.”
To date, HSA has completed six buildings totaling approximately 900,000 square feet at the Gateway Business Park. All are fully leased and a seventh, a 278,000-square-foot warehouse known as Gateway VI, is currently being constructed on a speculative basis, with completion expected later this month.
Mark Writt of CBRE represented Kuehne+Nagel USA in both renewals. Ownership was represented by Terry Busch and Jared Scaringe, also of CBRE.