HSA COMMERCIAL PURCHASES LAND FOR 127,400-SQUARE-FOOT INDUSTRIAL FACILITY

NEW LENOX, ILL. — Chicago-based HSA Commercial Real Estate has purchased an approximately 8.9-acre parcel of land located at 2501 W. Haven Ave. in New Lenox. The company plans to develop a 127,400-square-foot industrial facility, which will be named the New Lenox Commerce Center. The project will be aimed at smaller users, with units starting at 23,000 square feet. HSA will finalize development plans and begin the permit process this winter, with construction expected to begin in the spring. In the search process and acquisition negotiations, HSA was represented in-house by Tim Thompson of the company’s industrial brokerage division. Laurence Lewis of CCS Inc. represented the undisclosed seller in the transaction. The acquisition price was not disclosed.