Industrial O Indiana

Swiss company leases 78,000 square feet of space at HSA-developed industrial park in Indianapolis

Swiss firm leases 78,000 square feet at Indianapolis industrial park,ph01

Global logistics provider Kuehne + Nagel has leased an additional 78,300 square feet in the newly-built distribution center at Gateway Business Park in Plainfield, Indiana, developed by HSA Commercial Real Estate.

Kuehne + Nagel, a Switzerland-based company with more than 1,000 offices and distribution centers worldwide, signed a lease for 55,500 square feet in June of 2017 and is already expanding to occupy a total of 133,800 square feet in the building, which is known as Gateway Industrial IV and is located at 845 S. Columbia Road.

Chicago-based HSA Commercial Real Estate developed the 151,200-square-foot Gateway Industrial IV in partnership with Boston-based Washington Capital Management. Although construction was just completed in July, there is only one 17,400-square-foot suite still available for lease in Gateway Industrial IV, the fifth and final building in the 40-acre Gateway Business Park, which is located just west of the Indianapolis International Airport.

John Hanley, Terry Busch and Jared Scaringe of CBRE represented ownership in the lease with Kuehne + Nagel.