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Former Owner Takes Over Leasing Duties

CHICAGO-Oak Brook-based CenterPoint Properties Trust hires HSA Commercial Real Estate to lease up more than 260,000 sf of vacant space in four properties it acquired from the company in a $96-million deal earlier this year.

By Mark Ruda | Updated on March 28, 2005

CHICAGO-Nearly one million sf of industrial properties are gone from HSA Commercial Real Estate’s portfolio, having been sold as part of a $96-million deal with CenterPoint Properties Trust earlier this year. However, the Oak Brook-based REIT has hired the former owners to handle leasing at four suburban properties in Bloomingdale, Franklin Park, North Chicago and West Chicago.

The largest property in the new assignment is the 394,070-sf North Chicago Business Park in that Lake County suburb. The warehouse and distribution facility at 30120 Skokie Hwy. was built by HSA and Bridge Development Partners. HSA Commercial Real Estate executive vice president and managing director Tim Thompson, SIOR, and senior vice president Doug Reed will continue to handle leasing at the property.

Thompson, Reed and associate Paul Broderick have a 134,000-sf hole to fill at O’Hare East Business Center, a 325,000-sf property at 3708 N. River Rd. in Franklin Park. HSA Commercial Real Estate also developed that property.

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