How COVID-19 Is Impacting Industrial, Retail And Healthcare
Celebrating its 40th anniversary in 2021, Taylor Johnson client HSA Commercial Real Estate is uniquely positioned to comment on changes brought about by COVID-19, not only because of the firm’s longevity, but also because it is active in three major property sectors – retail, industrial and healthcare – all of which have been impacted by the pandemic in different ways. TJ worked with HSA on a byline from Vice Chairman and CEO Robert Smietana that was featured in the January issue of Heartland Real Estate Business. In the piece, Smietana discussed HSA’s recent projects in the context of broader industry trends that have been accelerated by coronavirus, including robust industrial activity fueled by widespread e-commerce adoption, the use of brick-and-mortar storefronts to fulfill online orders, and shifts in where and how healthcare services are delivered.

Amid the pandemic last year, HSA Commercial Real Estate executed a 381,874-square-foot lease with Kenco Logistics Services at its Heartland Corporate Center development in Shorewood, Ill. It remains one of the largest industrial leases signed in the Chicago market during COVID-19.