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Chicago & Midwest  + Illinois  + Industrial  | 

HSA Commercial Divests 220K-SF Warehouse in Waukegan, IL

Chicago-based HSA Commercial Real Estate completed the sale of a 218,500-square-foot industrial building in the Delany Commerce Center, a multi-phase, 22.7-acre development east of the Tri-State Tollway in Waukegan, IL. The firm developed the distribution center in 2013 in partnership with Washington Capital Management Inc. and divested the building to an unnamed private investor.

The 100%-occupied warehouse building at 2431 Delany Rd. was the first phase in the development. The distribution facility is currently leased to two tenants: Eagle Foods, a manufacturer and distributor of household food and snack products; and Trifinity Partners, a third-party logistics firm that serves major retailers.

CBRE’s Mike Caprile, Ryan Bain and Zach Graham represented the sellers in the transaction.

Now, HSA is exploring build-to-suit and speculative development opportunities for the second phase on an adjacent 12-acre lot, which can accommodate up to a 220,000-square-foot industrial or flex facility.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition