Glass Company Leases Space at Gateway V

Glass Company Leases Space at Gateway V

Chicago-based HSA Commercial Real Estate announced the firm signed a 69,005-square-foot lease with Mygrant Glass Company at the newly built Gateway V distribution center at 845 Airtech Parkway in Plainfield, IN, near the Indianapolis International Airport. With 67 locations nationwide, Hayward, Calif.-based Mygrant is the largest independent distributor of auto glass in the United States. The company plans to move into the facility in fourth-quarter 2020 once interior improvements are completed.

Following the lease with Mygrant, the 262,758-square-foot Gateway V industrial development is now approximately 75% leased, with only one 68,986-square-foot space still available. Paris-based aerospace firm Safran Nacelles and transplant solutions provider LifeNet are the two other building tenants.

“We are very pleased with the quality of tenants that have chosen Gateway V for their regional distribution hub in the Indianapolis market,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate. “We’ve been active in the Indianapolis market for over 15 years, and the level of demand from major international companies for Class A industrial space has never been stronger than it is today.”

Developed on a speculative basis and delivered in 2019, the Gateway V distribution center features 32-foot clear heights, 30 truck docks (expandable), four drive-in doors, 185 parking stalls and 70 trailer positions.

HSA Commercial Real Estate has developed six buildings totaling approximately 900,000 square feet at the Gateway Business Park. The firm also saw strong leasing activity at Gateway IV, a 151,200-square-foot warehouse completed on spec in July 2017 and now fully leased.

Terry Busch and Jared Scaringe of CBRE represented ownership in the new lease at Gateway V. Michael Jeppesen of IPG Commercial and Michael Weishaar of Cushman & Wakefield represented Mygrant Glass.

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