May 17, 2018
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.
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