Leasing Activity

BOCA RATON, FLA. — D-Wave Quantum Inc., a publicly traded dual-platform quantum computing company, will relocate its global headquarters and primary U.S. research-and-development facility to Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office park in South Florida. Formerly located at 2650 E. Bayshore Road in Palo Alto, Calif., the technology company plans to move into its new 25,000-square-foot office space by the end of 2026. D-Wave Quantum’s move is further supported by a separate, $20 million commitment from Florida Atlantic University, which intends to purchase and install D-Wave’s Advantage2 quantum computer on its nearby campus. Since acquiring the property in 2018, CP Group has completed a $100 million redevelopment of BRiC, which includes the addition of two coffee shops and an autonomous grab-and-go store; an onsite wellness center run by Boca Raton Regional Hospital; a revitalized dining and banquet hall; flex indoor/outdoor event space available for rent; and a 1,100-space parking garage. CP Group secured more than 300,000 square feet in new leases at BRiC in late 2025 alone.

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MONTGOMERY, ALA. — Graham & Co. has negotiated a full-building lease at Air-Port Commerce Center, a 1.4 million-square-foot industrial facility located at 2855 Selma Highway in Montgomery. The former Big Lots Distribution Center — which closed in mid-2025 after the retailer’s bankruptcy — sits on 100 acres and is adjacent to Coca-Cola Bottling Co. United and the Montgomery Intermodal Container Transfer Facility site. Ogden Deaton and John Coleman of Graham & Co., along with Allen Garstecki of JLL, represented the landlord, ARES Management, in the lease negotiations. The tenant was not disclosed.

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NEW YORK CITY — Mandelbaum Barrett PC has renewed and expanded its office lease in Midtown Manhattan. The law firm now occupies 11,330 square feet across the entire 21st floor at 570 Lexington Avenue, a 450,622-square-foot building that was constructed in 1932. The landlord, The Feil Organization, was self-represented in the lease negotiations. The tenant representative was not disclosed.

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Horseshoe at Hub RTP

DURHAM, N.C. — Global law firm K&L Gates LLP has relocated its newest Durham office in Research Triangle Park to Horseshoe at Hub RTP, a 157,500-square-foot mixed-use development located at 3151 Elion Drive. In late 2026, the firm will move into a 20,000-square-foot office on the fourth floor at Horseshoe. Don Shupe of CBRE represented K&L Gates, while Patti Autry and Hillman Duncan of JLL represented the landlord, Charlotte-based White Point Partners, in the lease negotiations. Horseshoe at Hub, which serves at the central gathering point for the 100-acre Hub RTP development, features a five-story office building with two single-story retail/restaurant pavilions, along with 16 acres of greenspace and trails. Horseshoe currently has 78,000 square feet of office space and 10,000 square feet of retail space available for lease.

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HOUSTON — Atlanta-based home improvement retailer Floor & Décor has signed a 56,208-square-foot retail lease in southwest Houston. The space at 4800 W. Belfort Road formerly housed a Randall’s grocery store. Joan Collum of Partners Real Estate represented Floor & Décor, which expects to open the store in the second quarter, in the lease negotiations. Rebecca Le of NewQuest represented the landlord.

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HACKETTSTOWN, N.J. — Resource Realty of Northern New Jersey has secured a 37,168-square-foot industrial lease in Hackettstown, about 50 miles west of New York City. According to LoopNet Inc., the building at 101 Bilby Road was completed in 1990 and totals 65,000 square feet. Brian Wilson of Resource Realty represented the landlord in the lease negotiations. KBC Advisors represented the tenant. Both parties requested anonymity.

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CLINTON TOWNSHIP, MICH. — Powerhouse Gym has opened its largest location totaling 120,000 square feet at The Mall at Partridge Creek, an open-air regional shopping center in Michigan’s Macomb County. The space was formerly home to Carson’s. The gym offers a lap pool, dry sauna, women’s-only space, spa services, a kid’s zone, spin room with nightclub-style lighting, yoga, cycling, a turf, track, massage chairs, a basketball court, personal trainers and fitness classes. The gym also features Italian-imported Panatta equipment and is adding a Detroit Medical Center physical therapy area and Pure Green juice bar in the first quarter. The new Powerhouse Gym location opened this week after the most successful membership pre-sale in the company’s history, according to a release. Spinoso Real Estate Group handles leasing and management of The Mall at Partridge Creek.

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GROSSE POINTE, MICH. — NAI Farbman, the brokerage arm of Farbman Group, has negotiated a 4,500-square-foot restaurant lease for Culver’s at 18845 Mack Ave. in Grosse Pointe, about 12 miles northeast of Detroit. The lease marks the first Culver’s location in the market. Originally constructed as a bank in 1949, the property was transformed into a dining destination. The locally owned and operated restaurant, which opened Dec. 15, features menu items such as ButterBurgers and frozen custard offerings. Harrison Yaldoo represented Culver’s and the landlord in the lease. Culver’s was founded in Wisconsin in 1984.

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HACKETTSTOWN, N.J. — Resource Realty of Northern New Jersey has negotiated a 45,048-square-foot industrial lease in Hackettstown, about 50 miles west of New York City. According to LoopNet Inc., the building at 715 Willow Grove St. was completed in 2008 and totals 75,502 square feet. Brian Wilson of Resource Realty represented the landlord in the lease negotiations. KBC Advisors represented the tenant. Both parties requested anonymity.

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