CHICAGO-HSA/READ, the acquisition and develoment arm of HSA Commercial Real Estate, has bought two industrial properties in the town of West Chicago, totaling 268,900 sf. The 145,500-sf 1733 Downs Dr. building is currently occupied by Progress Lighting, which uses it as a warehousing and distribution facility. Nearby, publisher Houghton Mifflin occupies the 123,400-sf 1645 Downs Dr. building, where it runs a warehouse overflow operation. CenterPoint Industrial Properties was the seller.

“Chicago has long been a focal point for warehousing and distribution operations,” notes Tim Luby, who along with Carl Manofsky, heads HSA/READ. “And we were looking to find the right properties to complement our national portfolio. We’re glad to have two facilities close to home.” Currently, HSA and its principals have developed over 29 million sf of commercial real estate.

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