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$8M Spec Building Crosses Finish Line

WOODRIDGE, IL-HSA Commercial Real Estate completes a 254,000-sf building at Park 355. Tenants now lease 40,000 sf.

By Gina Kenny | Updated on July 12, 2007

WOODRIDGE, IL-HSA Commercial, based in Chicago, has completed a 254,000-sf distribution and warehouse building at 2145 International Parkway. The multi-tenant building is located in Park 355, a 40-acre business park being developed by HSA. Morgan/Harbour Construction Co., headquartered here, constructed the facility. Cornerstone Architects was the architect for the project and Spaceco was the civil engineer.

The cost for the building is approximately $8 million, says Mark Christensen, executive vice president for development with HSA. The facility has 30-foot clear ceiling heights, says Warren Seil, project director with Morgan/Harbour. The building was designed for tenants as small as 15,000 sf to as large as 100,000 sf, Christensen says. The area “is a very strong market for smaller users. It is not a big box market,” Christensen says. “The big box market is migrating to the I-80 corridor and points further south and west.” The park has about 33 acres of buildable area and HSA plans on constructing either another speculative building or a build to suit facility as large as 350,000 sf, he says.

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