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HSA SELLING, BUYING

Chicago

Want to get a jump-start on upcoming deals? Meet the major Chicago players at one of our upcoming events!

HSA SELLING, BUYING
HSA SELLING, BUYING
CenterPoint is not the only company with its eye on industrial. (Even though our eye wasn't on auto-focus for this picture.) HSA Commercial CEO Bob Smietana (another panelist at our event) tells us that his company recently closed on its $100M sale of a nine-building Chicago industrial portfolio in the I-88 and I-55 corridors (1.5M SF) to Industrial Income Trust of Denver. HSA sold these properties in response to strong investor demand for Class-A product in infill markets, he says. This month, Bob expects to close on the acquisition of a single tenant, net-leased property in Iowa; HSA continues to search nationally for investments. Althought overall US industrial rents are flat, Bob sees activity accelerating. When new Chi-land development comes (not soon) it will likely be in the I-55 corridor, Lake County, and SE Wisconsin.