Chicago’s HSA Commercial Inc. recently purchased a 300,000-square-foot warehouse facility in the Airport Business Park of Des Moines International Airport in Iowa. The building, which was developed as a build-to-suit by The Opus Group in Minneapolis, is fully-leased to a Fortune 10 company and connects via a climate-controlled enclosure to an existing 410,000-square-foot distribution facility.
The high-cube warehouse building with 40-foot minimum clearance features 25 loading docks and energy-efficient fluorescent lighting throughout. The 23-acre site has additional land for a future building expansion of up to 75,000 square feet.
“The quality of the construction and the adjacency to the airport made this a very desirable investment asset,” said Bob Smietana, vice chairman and chief executive officer of HSA Commercial. “But combined with the financial strength and long-term viability of this Fortune 10 tenant, it was a very logical addition to our national portfolio.”
A partnership led by HSA Commercial’s principals similarly purchased two high-cube industrial buildings totaling 504,000 square feet from Dell Corporation in August of 2010. The buildings, located in the Nashville International Airport enterprise zone, are fully-occupied by CEVA Logistics, the logistics provider for Dell.
Jeff Devine and Steve Disse of Colliers B&K represented The Opus Group.