HSA BREAKS GROUND FOR PARK 94 AT MT. PLEASANT IN SOUTHEAST WISCONSIN
October 6, 2008
On Tuesday, September 23, Chicago-based HSA Commercial Real Estate broke ground on two new industrial facilities totaling 565,200 square feet in Park 94 at Mt. Pleasant, a 90-acre business park along Interstate 94 in Southeast Wisconsin’s Racine County.
The new facilities include one of the first LEED-certified warehouses in the region and constitute the first phase of HSA’s new industrial park, which is slated to include seven or more buildings. The official groundbreaking ceremony was attended by local and state dignitaries, HSA executives and representatives from various contractors working on the project.
The facilities include a LEED Certified 323,610-square-foot divisible warehouse, expandable to 664,610 square feet, with 30’ clear-height ceilings, 40 docks, four drive-in doors, and a 151-car, 80-trailer expandable parking area. Also underway is a 125,000-square-foot divisible facility with 30’ clear-height ceilings, 21 docks, two drive-in doors, and 155-car parking.
“We appreciate the efforts of the City of Mt. Pleasant and the Racine County Economic Development Corporation to create an attractive environment for businesses and residents alike in Mt. Pleasant,” said Craig Phillips, executive vice president, development, HSA Commercial Real Estate. “We are confident that this development will appeal to industrial users seeking high-image, well-located space with low Wisconsin taxes and an abundant labor force.”
HSA Commercial Real Estate is the developer of Park 94 at Mt. Pleasant. David Bercu and David Liebman of Colliers Bennett & Kahnweiler are leasing representatives for the park. Berghammer Construction is general contractor. Jack Shaffer, HSA Chairman, and John Mangel, HSA Vice President of Development/Acquisitions, spearheaded the team that located and negotiated acquisition of the land parcel in 2007.
Located just 15 miles north of the Illinois-Wisconsin border at the intersection of State Highway 20 and International Drive, Park 94 at Mt. Pleasant is located within a TID district that is part of 950-acre development zone that will accommodate corporate, professional office, hotel, research, light-industrial buildings, retail shops and restaurants in the heart of fast-growing Mt. Pleasant. With access to two Interstate 94 interchanges and State Highway 20, as well as rail connections, Park 94 offers excellent visibility in the rapidly emerging Chicago-Milwaukee corridor and provides access to labor markets north and south. Corporate residents include New Holland, Putzmeister, S.C. Johnson & Son Inc., and a variety of business hotels, restaurants and other amenities.
Celebrating 27 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. Along with developing all kinds of commercial real estate across the United States, its brokerage divisions have completed more than 7,500 transactions in 43 states representing both owners and tenants, the asset management division currently manages a property portfolio in excess of 15 million square feet in 12 states and the firm presently owns over 17 million square feet of commercial property in 14 states.
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