{"id":1004661024,"date":"2023-05-08T06:14:05","date_gmt":"2023-05-08T14:14:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004661024"},"modified":"2023-05-09T02:17:37","modified_gmt":"2023-05-09T10:17:37","slug":"hsa-kicks-off-500-ksf-indianapolis-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/","title":{"rendered":"HSA Kicks Off 500 KSF Indianapolis Project"},"content":{"rendered":"
\"Rendering<\/a>

Rendering of Terminus at Hobbs Station. Image by Curran Architecture, courtesy of HSA Commercial Real Estate<\/em><\/p><\/div>\n

HSA Commercial Real Estate<\/strong> has commenced construction on Terminus at Hobbs Station, a two-building speculative development totaling 497,540 square feet, in Plainfield, Ind. The industrial project is expected to be delivered in the fourth quarter of this year.<\/p>\n

The development team includes Curran Architecture<\/strong> as the appointed architect, Kimley-Horn<\/strong> as the civil engineer and Meridian Design Build<\/strong> serving as general contractor. Colliers<\/strong>\u2019 Senior Vice Presidents Jimmy Cohoat and Andrea Hopper are the exclusive leasing agents.<\/p>\n

\n

READ ALSO<\/strong>: Industrial Sector to Maintain Winning Streak in 2023<\/a><\/p>\n

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The two cross-dock properties will rise at 9524 and 9532 Station Blvd. and will include 32-foot clear heights, three drive-in doors, loading bays with 60-foot heights, ESFR sprinkler systems, LED lighting and 50-foot by 50-foot column spacing. The 233,618-square-foot Building I will feature 163 parking spots that can be expanded to 187, 36 dock doors and 48 trailer parking spots, while the 263,922-square-foot Building II will include 187 parking spots with expansion up to 219, 30 trailer parking spots and 31 dock doors.<\/p>\n

Terminus at Hobbs Station will be situated on a 37-acre lot, close to Highway 40 and Interstate 70, 8.8 miles from Indianapolis International Airport and from FedEx’s second-largest distribution center in U.S., and within 19 miles of downtown Indianapolis. Neighbors include UPS, Amazon, XPO Logistics, The Home Depot and others.<\/p>\n

Indianapolis’ attractive industrial fundamentals<\/h2>\n

Plainfield is maintaining its strong position for industrial development, showing a 5 percent vacancy rate at the end of 2023\u2019s first quarter, Robert Smietana, the company\u2019s vice chairman & CEO, said in prepared remarks. High-profile industrial users are looking to move in proximity of easily accessible transportation networks and HSA aims to meet this demand with its current project, he added.<\/p>\n

Over its 15 years of activity in the local market, HSA has delivered roughly 1.2 million square feet of industrial space. The company reached full lease-up at the seven-building Gateway Business Park, also in Plainfield. HSA has also recently broken ground on its first speculative project in Florida<\/a>\u2014the 482,000-square-foot Highland Commerce Center, which is expected to come online by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Terminus at Hobbs Station is expected to come online in late 2023.<\/p>\n","protected":false},"author":2991,"featured_media":1004661028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1590,21748,13,21742],"tags":[35498,51090,36739,36286,35862],"class_list":["post-1004661024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-indianapolis","category-industrial","category-midwest","category-latest","tag-colliers","tag-curran-architecture","tag-hsa-commercial-real-estate","tag-kimley-horn","tag-meridian-design-build"],"acf":[],"yoast_head":"\nHSA Kicks Off 500 KSF Indianapolis Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Construction started on HSA's 497,540-square-foot, two-building speculative industrial development in Plainfield, Ind.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HSA Kicks Off 500 KSF Indianapolis Project\" \/>\n<meta property=\"og:description\" content=\"Construction started on HSA's 497,540-square-foot, two-building speculative industrial development in Plainfield, Ind.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-08T14:14:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T10:17:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminus-at-Hobbs-Station_HSA-Commercial-e1683280213402.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4425\" \/>\n\t<meta property=\"og:image:height\" content=\"3325\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/\",\"name\":\"HSA Kicks Off 500 KSF Indianapolis Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminus-at-Hobbs-Station_HSA-Commercial-e1683280213402.jpg\",\"datePublished\":\"2023-05-08T14:14:05+00:00\",\"dateModified\":\"2023-05-09T10:17:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Construction started on HSA's 497,540-square-foot, two-building speculative industrial development in Plainfield, Ind.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hsa-kicks-off-500-ksf-indianapolis-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminus-at-Hobbs-Station_HSA-Commercial-e1683280213402.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminus-at-Hobbs-Station_HSA-Commercial-e1683280213402.jpg\",\"width\":4425,\"height\":3325,\"caption\":\"Rendering of Terminus at Hobbs Station. 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