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Chicago & Midwest  + Midwest  + Industrial  |  June 27, 2024
Jasmine Kilman
By: Jasmine Kilman

HSA Commercial Signs 234K-SF Lease Near Indianapolis Airport

Chicago-based HSA Commercial Real Estate has executed a full-building lease with Marathon Electric LLC at its new Terminus at Hobbs Station development at 9532 Station Blvd. in Plainfield, Indiana. The 233,618-square-foot lease brings HSA Commercial’s recently completed two-building, 497,540-square-foot speculative development near the Indianapolis International Airport to 45% leased.

Marathon Electric is expected to take occupancy in September 2024 following an interior buildout. The manufacturer of electric motors and generators will use most of the space for warehousing and distribution.

Ownership was represented by Jimmy Cohoat and Andrea Hopper, both based out of Colliers’ Indianapolis office. Cohoat also represented Marathon Electric alongside Darren Ross, based out of Colliers’ Atlanta office.

“Our ability to secure a full-building lease underscores the sustained demand for modern warehouse space following record-high construction completions in 2023,” said Robert Smietana, president and CEO of HSA Commercial Real Estate. Terminus’ corporate neighbors include Amazon, FedEx, UPS, Walmart, Kohl’s, Geodis, Whirlpool, The Home Depot, Pepsi, Ryder, XPO Logistics and Ingram.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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