HSA Commercial, Inc. has executed a 59,895-square-foot lease with Kuehne + Nagel, Inc. at the firm’s speculative industrial development at 1025 S Columbia Road in Plainfield, Ind. Kuehne + Nagel, a Switzerland-based global logistics service provider with more than a thousand offices and distribution centers around the world, will join Black Horse Carriers when the firm takes occupancy of its leased premises in February 2015. The Kuehne + Nagel signing brings the 220,000-square-foot Gateway Industrial III project to 54 percent leased with more tenant announcements planned soon.
“The strength of the Indianapolis industrial market has been very impressive since we launched this project a year ago,” said Robert Smietana, CEO and vice chairman of HSA Commercial. “As demand, driven by pharmaceuticals and e-commerce, continues to outpace the level of development in the area, it makes sense to start exploring our options in terms of further investment in Indy.”
Gateway Industrial III distribution center, developed in partnership with Great Point Investors LLC, 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, 4 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.
Dan Rose of Real Estate Advisory Partners and Mark Writt of CBRE represented Kuehne + Nagel in the transaction. Ownership was represented by Terry Busch and John Hanley of CBRE.
