HSA Gets Second Lease for Indy Spec

INDIANAPOLIS—As reported in GlobeSt.com, Indianapolis has become one of the nation’s hottest markets for industrial properties. Developers have about 8-million-square-feet of space under construction, a significant portion of it on a speculative basis. And HSA Commercial, Inc., has just signed up Kuehne+ Nagel, Inc. for a 59,895-square-foot lease at Gateway Industrial III, its recently-completed speculative industrial development at 1025 S. Columbia Rd. in suburban Plainfield. This is the second signed lease for the 220,000-square-foot warehouse that HSA and its partner Great Point Investors LLC began last year.

Kuehne + Nagel, a Switzerland-based global logistics provider with more than a thousand offices and distribution centers around the world, will take occupancy of its space in February 2015. Carol Stream, IL-based Black Horse Carriers, a third-party logistics firm specializing in fleet services for the consumer products industry, recently took occupancy of a 59,770-square-foot space. HSA has now leased 54% of the project with more tenant announcements planned soon.