Chicago & Midwest + Industrial | August 22, 2018

HSA-Led Venture Launches Its Biggest Warehouse Project

Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners LLC have launched construction on Heartland Corporate Center, a speculative 757,880-square-foot warehouse along the I-55 corridor in Shorewood, IL. It’s HSA’s largest warehouse project to date.

The new build will come into a submarket that has seen Chicago’s largest number of new warehouse developments. “Despite the unprecedented growth and development in the I-55 corridor over the last couple years, absorption and demand have remained extremely strong, which speaks to the strategic value of the market for large warehousing and logistics firms,” said HSA CEO Robert Smietana.

He added that the HSA team is “very confident about a quick lease-up based on the interest we have experienced thus far for Heartland Corporate Center.”

Rosemont, IL-based Meridian Design Build is the general contractor. Colliers International’s David Bercu and Matthew Stauber are responsible for project leasing. Tenant occupancy is planned for early 2019.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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