HSA COMMERCIAL REAL ESTATE OPEN HOUSE SHOWCASES PHASE ONE OF PARK 94 AT MT. PLEASANT

July 13, , 2009

More than 68 brokers and real estate professionals joined HSA Commercial Real Estate at the grand opening of Park 94 at Mt. Pleasant, a 90-acre business park along Interstate 94 in Southeast Wisconsin's Racine County, according to Craig Phillips, executive vice president for development at the Chicago-based firm.

The open house showcased the completion of two new industrial facilities totaling 565,200 square feet in Park 94 at Mt. Pleasant. The new buildings constitute Phase One of the new park, which is slated to offer up to seven warehouse and distribution facilities.

“The strong attendance at our event indicates a growing recognition that Mt. Pleasant is a proactive business community and, with Park 94, the community can accommodate a variety of users with different size requirements,” said David Bercu, SIOR, principal, Colliers, Bennett & Kahnweiler. Bercu, David Liebman and Brendan Green of Colliers Bennett & Kahnweiler are leasing representatives for the park.

The new 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 complete is a 125,000-square-foot divisible facility with 30' clear-height ceilings, 21 docks, two drive-in doors, and 155-car parking.

HSA Commercial Real Estate is the developer of Park 94 at Mt. Pleasant. 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. The zone 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.

Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, 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 and acquiring more than 40 million square feet of commercial real estate across the United States, with a total consideration in excess of $2 billion, HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 15 million square feet in locations across the nation; and owns more than 17 million square feet of commercial property in 14 states.