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HSA Buys 195,000-SF Warehouse for $5.3M

GLENDALE, WI-The seller was the owner of Olson Cos. Inc., which leased back 75,000 sf of the facility for a period of three years and continues to lease the rest of the building on a month-to-month basis

By Brian K. Miller | Updated on January 21, 2004

GLENDALE, WI-A 195,000-sf industrial facility in this Milwaukee suburb has been sold to Chicago-based HSA Commercial Real Estate for $5.3 million. The property is located at 4200 N. Port Washington Rd. HSA, one of the largest property owners in the nation, will manage the property in-house.

The seller was the owner of Olson Cos. Inc., which leased back 75,000 sf of the facility for a period of three years and continues to lease the rest of the building on a month-to-month basis until a long-term tenant is found, according to one of the brokers involved in the transaction. The asking rate for the space is $3.25 per sf.

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