HSA Commercial Completes 48,000 SF Lease with Forest Envelope in Bolingbrook, ILMarch 5, 2015
Timothy Thompson, executive vice president and managing director of the Industrial Brokerage division of HSA Commercial Real Estate, represented ownership of an industrial facility located at 309 East Crossroads Parkway, Bolingbrook, Ill. in a 48,024-square-foot long-term lease with Forest Envelope Company. Forest Envelope, a manufacturer and printer of specialty envelope products, is more than doubling the size of its operations as the firm relocates from its current 23,000-square-foot building in Lisle.
An entity affiliated with HSA Commercial, Inc. purchased the Crossroads Parkway building in December 2010. The fully air conditioned facility is located just minutes away from the interchange of Bolingbrook Drive and Interstate 55 just west of Interstate 355, two of Chicagoland’s most vital transportation corridors. Furthermore, the Crossroads Parkway building offered Forest Envelope a fully built-out, 7,794-square-foot office space for the company’s administrative and sales staff.
Forest Envelope Company was represented by Mark Moran, executive vice president and partner at NAI Hiffman.
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.