HSA Commercial has executed a 59,770-square-foot lease with Black Horse Carriers, Inc. at the firm’s recently-completed speculative industrial development at 1025 S Columbia Road in Plainfield, Ind. This is the first signed lease for Gateway Industrial III, the 220,000-square-foot warehouse facility developed by HSA Commercial in partnership with Great Point Investors LLC. Carol Stream, Ill.-based Black Horse Carriers, a third-party logistics firm specializing in dedicated fleet services and private fleet replacement services for the consumer products industry, will take occupancy of its leased premises in October.
“Tenant interest in the project has been very strong so far given our unique capability to accommodate these types of smaller industrial clients,” said Robert Smietana, vice chairman and CEO of HSA Commercial. “We are feeling very confident about the depth of the industrial market and our potential for a full lease-up by the end of the year.”
Gateway Industrial III distribution center is located on 13 acres immediately southwest of the Indianapolis International Airport in the Gateway Business Park. The new facility features 32′ clear heights, 35 truck docks, four drive-in doors, 256 parking spaces, and quick access to Interstate 70 with convenient connectivity to the rest of the regional interstate system. This is the fourth building developed in the Gateway Business Park.
Brian Buschuk, senior associate with JLL, represented Black Horse Carriers, Inc. in the lease transaction. CBRE’s Terry Busch and John Hanley are responsible for leasing at Gateway Industrial III.
