HSA Commercial Real Estate today announced the firm has executed a long-term lease renewal with Banning Engineering at 853 Columbia Road in the Gateway Industrial Business Park in Plainfield, Ind. Banning, a civil engineering and surveying firm which occupies 16,000-square-feet in the first distribution facility to be constructed at the 13-acre business park in suburban Indianapolis, was an original tenant of the project in 2004. The Gateway Industrial Business Park, which is owned and managed by HSA Commercial, has since expanded to include a 121,000-square-foot multi-tenant second phase that was built in 2006, a 34,880-square-foot facility occupied by the Federal Aviation Administration, and a 220,000-square-foot speculative warehouse that HSA built in partnership with Great Point Investors LLC in 2014.
“Banning Engineering is happy to extend our commitment to Plainfield and Hendricks County through the renewal of our office lease in Gateway Industrial Park,” said Jeff Banning, president and founder of Banning Engineering. “For our entire 21 years of existence, our company has proudly maintained its offices in Plainfield, and we look forward to many more years to come.”
“Through HSA’s new developments, Gateway Industrial Business Park has grown to include four buildings totaling over 480,000-square-feet,” said Ken Verne, asset manager with HSA Commercial who represented ownership in the transaction. “We appreciate the fact that Banning Engineering has remained committed to the property during that time and look forward to a continued relationship with them.”
The most recent development at Gateway Industrial Business Park, Gateway Industrial III, features 32’ clear heights, 35 truck docks, four drive-in doors, 256 parking spaces, and quick access to Interstate 70 with convenient connectivity to the rest of the regional interstate system. Built in 2014, the 220,000-square-foot building already has new leases with two logistics companies, Black Horse Carriers and Kuehne + Nagel, which occupy a combined 54 percent of the distribution facility.
About Banning Engineering
Banning Engineering is an award-winning, multi-dimensional civil engineering and surveying firm that offers a wide variety of services including site engineering, hydraulics and hydrology and land surveying. For more information about Banning Engineering, visit www.banningengineering.com.
About HSA Commercial Real Estate
Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, 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 and acquiring more than 50 million square feet of commercial real estate across the United States, with a total consideration in excess of $2.5 billion, HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 16 million square feet in locations across the nation; and, owns more than 16 million square feet of commercial property in 14 states.
HSA Commercial Real Estate executed a long-term lease renewal with Banning Engineering at 853 Columbia Road in the Gateway Industrial Business Park in Plainfield, Ind.