Packaging provider to life sciences industry to transfer operations to business park’s newest building
Chicago-based HSA Commercial Real Estate today announced it has executed an industrial lease totaling 138,328 square feet with Peli BioThermal in the Indianapolis market. Peli BioThermal provides temperature-controlled packaging solutions for the global life sciences industry, with headquarters and manufacturing sites located in the Americas, Asia and Europe.
With the new lease, the company is more than doubling its space in HSA Commercial’s Gateway Business Park in Plainfield, Ind., from 50,000 square feet in Gateway Industrial II at 851 Columbia Road to 138,328 square feet in the recently completed Gateway Industrial VI at 915 Airtech Parkway. Peli BioThermal plans to move from its existing space by 2023, when its current lease expires. Following commencement of the new lease at Gateway VI in June 2022, Peli BioThermal will build out office space and slowly transfer its operations to the new facility.
“We are proud to be developing state-of-the-art logistics hubs in centralized locations that benefit from extensive transportation infrastructure,” said Robert Smietana, vice chairman and CEO for HSA Commercial Real Estate. “As companies like Peli BioThermal rapidly expand, we are positioned to meet their immediate need for modern warehouse space that allows them to grow while maintaining critical day-to-day operations.”
To date, HSA has completed seven buildings totaling approximately 1,178,000 square feet at the Gateway Business Park. Peli BioThermal will be occupying about half of Gateway VI, which was completed in 2022.The remaining 139,818 square feet is available for lease.
Jared Scaringe of CBRE represented Peli BioThermal in the transaction. Ownership was represented by Terry Busch, also of CBRE.
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.
