JOLIET, ILL. — Coda Resources has signed a 244,343-square-foot industrial lease at 2000 S. Rowell Ave. in Joliet. The 399,930-square-foot facility was newly developed by Cabot Properties. Frank Melchert, Stevan Arandjelovic and Simon Porras of Cawley Commercial Real Estate represented the tenant, while Steve Ostrowski of Colliers represented the landlord. Coda, which manufactures consumer and industrial products, is expected to take occupancy in September, and the lease term is 75 months. The building features intermodal access, 50 dock doors and a clear height of 36 feet.
ELMSFORD, N.Y. — Helpsy, a regional collector of recyclable clothing, has signed a 30,500-square-foot industrial lease in Elmsford, located north of New York City in Westchester County. The lease term is 10 years, and the space is located within the newly renovated building at 700 Executive Blvd. Michael Rao of New York Commercial Realty Group represented the tenant in the lease negotiations. Brendan Hickey internally represented the landlord, GHP Office Realty.
NEW YORK CITY — MiQ Digital USA, an AI-powered advertising company, has signed an 18,600-square-foot office lease expansion at 261 Fifth Avenue, a 25-story, 450,000-square-foot building in Midtown Manhattan. A tenant at the building since 2018, MIQ will relocate from its spaces on the 25th and 26th floors to the entire 20th and 21st floors, as well as part of the 19th floor, yielding a total new footprint of 42,000 square feet. Chase Gordon and Tyler Marshall of Transwestern, along with Josh Kurstin of Colliers, represented MIQ in the lease negotiations. Andrew Wiener, Kyle Young and Tim Parlante represented the landlord, The Feil Organization, on an internal basis.
By Taylor Williams Much like the two major cities that border its northern and southern ends, New Jersey is, for retailers, restaurant groups and entertainment operators that are serious about establishing and growing national footprints, a market that checks every key box. Yet for all the similarities between the Manhattan or Center City Philadelphia retail markets that also apply to New Jersey — tight availability of space, high rents, time-consuming regulatory processes, strong residential density, healthy disposable incomes — brokers and owners that call the Garden State home also know that it’s a market unto itself. “Northern New Jersey is not the same as New York City,” confirms John Azarian, CEO of The Azarian Group, a longtime owner-operator of shopping centers in New Jersey and New York. “Retailers that want to venture into New York City want a different environment, and while we have a lot of density in Northern New Jersey, it’s just not the same as New York City. But if retailers are willing to do deals with different [store] formats, their businesses can do just as well here.” Kevin Pelio, Azarian’s executive vice president of leasing, says that tenants that started in other parts of the country …
NORTH BERGEN, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.8 million sale of 2Six Apartments, an 18-unit multifamily building in North Bergen, located across the Hudson River from Manhattan. The three-story building houses six one-bedroom units and 12 two-bedroom units that were fully occupied at the time of sale. Davis Briones of Kislak brokered the deal. The buyer and seller were not disclosed.
NEW YORK CITY — Steadfast Financial LP has signed a 21,640-square-foot office lease renewal in Midtown Manhattan. The investment advisory firm will continue to occupy the entire 20th and 21st floors at 450 Park Avenue, a 33-story building that was originally constructed in 1972. Ben Friedland and Taylor Scheinman of CBRE represented the tenant in the lease negotiations. The landlord, SL Green, was self-represented.
ATLANTA — JLL has inked five new leases totaling 70,000 square feet at Westside Paper, a 15-acre adaptive reuse development located along the Atlanta BeltLine. Packsize, an on-demand packaging and automation company, signed a lease for 30,000 square feet. Construction Resources, which is owned by The Home Depot, is adding to their existing 50,000-square-foot showroom with a 23,000-square-foot office lease for its new headquarters. Disguise, a global visual experience technology company, will occupy 10,000 square feet, while Luxe Bridal will occupy 3,000 square feet. In the past 20 months, 180,000 square feet of new leases have been signed at Westside Paper. The project is now 75 percent occupied. Andrew Walker and Lauren Curran of Colliers represented Disguise; Jeremy Krause and Ben Kronman of CBRE represented Packsize; and Jeff Pollock of Pollock Commercial represented Luxe Bridal. David Horne, Caroline Fisher and Randy Joering of JLL represented ownership for the office lease negotiations, while Shelbi Bodner of Bridger Properties represented ownership for the retail leases. Developed and owned by FCP, a subsidiary of Federated Hermes Inc., and Atlanta-based Westbridge, Westside Paper is a 70-year-old former industrial warehouse that spans 245,000 square feet of mixed-use space.
SAVANNAH, GA. — The Ardent Cos. has signed Sprouts Farmers Market to anchor Crossroads Shopping Center, a 92,000-square-foot retail center located in Savannah. Ardent will redevelop 28,000 square feet for the addition of Sprouts Farmers Market, as well as a second retail suite. In addition to repositioning the tenant mix, the Atlanta-based real estate firm will also upgrade the property’s façade. Demolition is expected to begin this summer, with a targeted opening in 2027. The development marks Sprouts Farmers Market’s first location in Savannah.
BOLINGBROOK, ILL. — Chicago-based fashion retailer AKIRA has signed a long-term lease extension for 202,105 square feet of warehouse space at 150 E. Crossroads Parkway, Unit A, in Bolingbrook. Dan Leahy and Dan O’Neill of NAI Hiffman represented the tenant. Since its founding in 2002, AKIRA has grown from a single boutique into 40 stores across multiple states along with an e-commerce platform. In late 2024, NAI Hiffman was engaged to conduct a comprehensive market assessment of industrial warehouse opportunities throughout the Midwest ahead of AKIRA’s lease expiration. The evaluation process included market surveys, ownership outreach, financial modeling and operational logistics analysis. Prologis owns the property.
ATLANTA — Two tenant have joined the tenant roster at Pennant Park, a six-building, 763,465-square-foot office complex located adjacent to The Battery Atlanta, the mixed-use village surrounding Truist Park, the home ballpark of the Atlanta Braves. Chattanooga College, a for-profit post-secondary institution, has signed an 11-year lease for 27,000 square feet, while parking garage operator LAZ Parking has signed a 10-year, 5,700-square-foot office lease that will serve as its regional headquarters. Both tenants will occupy space in the 360 Building at Pennant Park. Atlanta Braves Holdings Inc. — owner and operator of the Atlanta Braves MLB team, the Battery Atlanta mixed-use development and Truist Park — purchased Pennant Park in April 2025.
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