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HSA Commercial Real Estate Announces Two Industrial Leases Totaling 144,000 SF in Indiana, Wisconsin

June 25, 2021

Chicago-based HSA Commercial Real Estate today announced it executed a pair of industrial leases totaling nearly 144,000 square feet at the firm’s speculative warehouse developments in Plainfield, Ind., and Mount Pleasant, Wis.

Sedgwick, a leading global provider of technology‐enabled risk, benefits and integrated business solutions, recently took occupancy of 68,486 square feet at Gateway V, located at 845 Airtech Parkway in the 55-acre Gateway Business Park, immediately southwest of Indianapolis International Airport. The 262,758-square-foot facility, which was developed by HSA Commercial in 2019, is now fully leased.

In the second transaction, Ryder Last Mile Inc., a national provider of last-mile logistics solutions for retail brands with non-conveyable, oversized products, recently moved into its new 75,290-square-foot space at 1570 International Drive, one of three buildings developed by HSA Commercial in the 184-acre Park 94 business park in southeast Wisconsin.

“We’re proud to serve as a market leader by developing state-of-the-art distribution centers that anticipate the needs of e-commerce and third-party logistics users, both today and in the future,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “As highlighted by this recent leasing activity, there’s a nearly insatiable appetite for modern industrial space near major population centers, especially sites that offer immediate access to transportation infrastructure. As users of all sizes retool supply chains coming out of the pandemic, these facilities are crucial to facilitating efficient last-mile delivery.”

Sedgwick joins existing tenants Safran Nacelles Services Americas LLC, a Paris-based aerospace firm, and LifeNet Health, a provider of transplant solutions, at Gateway V. The facility features 32-foot clear heights, 30 truck docks (expandable), four drive-in doors and 82 parking stalls.

Completed in 2020, the 116,600-square-foot building at Park 94 offers 30-foot clear heights, 18 truck docks (expandable), two drive-in doors and 82 parking stalls.

Ned Frank, Pat Hake and Steve Sewart of Colliers International represented ownership in the Ryder Last Mile lease, while Scott Furmanski and Karl Wiedenman of CBRE represented the tenant. For the Sedgwick lease, Terry Busch and Jared Scaringe of CBRE represented ownership, and J.D. Graves of CBRE represented the tenant.

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 and healthcare real estate leasing, management, marketing, development and financing on a national basis. Along with developing and acquiring more than 100 million square feet of commercial real estate across the United States, with a total consideration in excess of $6 billion, HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio, including retail, in excess of 14 million square feet in locations across the nation; and owns more than 13 million square feet of commercial property throughout the country.

 

HSA Gateway V: Including a recently executed 68,486-square-foot lease with Sedgwick, the 262,758-square-foot Gateway V warehouse near Indianapolis International Airport is now fully leased.

 

HSA Park 94: Completed in 2020, the newest warehouse at Park 94 in Mount Pleasant, Wis., has leased 75,290 square feet to national firm Ryder Last Mile Inc.