HSA Commercial Real Estate Signs A Lease with Aerospace Firm Safran Nacelles

HSA Commercial Real Estate Signs A Lease with Aerospace Firm Safran Nacelles

September 16, 2019

HSA Commercial Real Estate announced a lease of 56,592 square-foot with Safran Nacelles Services Americas LLC (”Safran Nacelles”) at its Gateway V distribution center at 845 Airtech Parkway in Plainfield, Ind. The firm entered a 10 years lease of customer support and services for aircraft nacelle systems and plans to take occupancy in December after relocating from a smaller facility in the market.

The Safran Nacelles also has another lease of 68,175 square foot with LifeNet Health again for an initial term of 10 years.

It’s rare to have industrial tenants sign 10-year leases as both LifeNet and safran Nacelles have done at Gateway V,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “That really speaks volumes about each corporation’s long-term commitment to the Indianapolis market and the value they place on the development’s strategic location.”

The 262,758 square foot Gateway V distribution center is developed on a speculative basic and features 32-foot clear heights, 30 truck docks (expandable), four drive-in doors, 185 parking stalls and 70 trailer positions. The facility is now 50% leased and after the current lease, there are only 137,991 square feet remaining.

HSA Commercial Real Estate has recently developed six buildings that totalled 900,000 square feet at the Gateway Business Park with 151,200 square foot Gateway IV building that got completed in July 2017 and currently is fully leased.

Terry Busch and Jared Scaringe of CBRE represented ownership in the lease transaction, and Savills brokers Zak Mirkowski and Taylor Wood represented Safran Nacelles.

Source: HSA Commercial Real Estate

Author : Meha Prasad

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