PARTNERSHIP TO BUILD 218,500 SF WAREHOUSE IN WAUKEGAN

WAUKEGAN, ILL. — HSA Commercial Inc. has partnered with Boston-based Great Point Investors to develop a 218,500-square-foot speculative warehouse facility at Delany and Blanchard roads in Waukegan, a northern suburb of Chicago. The partnership broke ground this month on the new industrial building, which will be divisible to 25,000-square-foot suites. The suites will offer 30-foot clear heights, 28 truck docks, four drive-in doors, 300 parking spaces and access to Highway 41 and Interstate 94. Michael Caprile, vice chairman, and Steve Roth, executive vice president, of CBRE secured Great Point Investors for the joint venture with HSA. Birmingham, Ala.-based Regions Bank is providing construction financing for the project, and Premier Design + Build will serve as the general contractor.