HOUSTON — Avison Young has negotiated an 88,601-square-foot industrial lease in northwest Houston. The tenant is oilfield equipment supplier STATS International, and the deal is for the entirety of Building U within the development at 6401 N. Eldridge Parkway. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. John Ferruzzo and Jack Ferruzzo of KBC Advisors, along with Ryan Wasaff and Cole Bercher of Welcome Group, represented the landlord, Chicago-based Brennan Investment Group.
AUSTIN, TEXAS — Planet Fitness has opened a 21,000-square-foot gym in North Austin. Excel Fitness is the franchise operator of the new gym, which is located at 13729 N. Highway 183. The space will feature dedicated training and stretching areas, as well as a spa with tanning beds and recovery facilities. A grand opening ceremony took place on Friday, Feb. 27.
LELAND, N.C. — Raleigh-based Edgewater Ventures has signed two tenants to new leases totaling 305,818 square feet at Edgewater Commerce Center, a 505,818-square-foot industrial facility in Leland. Global electronics repair and service provider Ivy Technology signed a 200,000-square-foot lease, while home inspection company Home Insights signed a 105,818-square-foot lease. The deals bring Edgewater Commerce Center to full occupancy. Edgewater Commerce Center features tilt-up concrete construction with 24-foot clear heights. The property is the largest multi-tenant industrial facility located within the Wilmington and Myrtle Beach markets, according to Edgewater Ventures. Jordan Holt of Cushman & Wakefield represented Ivy Technology in the lease negotiations. Will Leonard of Cape Fear Commercial and Al Williams of JLL represented the landlord.
NORTH AURORA, ILL. — Opus has completed the lease-up of Building C at Tollway Corporate Center in North Aurora. US Elogistics Service Corp. (CIRRO Fulfillment | Global Fulfillment Solution) has leased the entire building. With this commitment, the three-building, 1.1 million-square-foot speculative development is now fully leased. The tenant, a global e-commerce logistics and fulfillment provider, took occupancy late last month. Developed and built by Opus in a joint venture with Principal Asset Management, Tollway Corporate Center was delivered in phases. The first two buildings were preleased prior to their completion in December 2022. Soligent Distribution and Karat Packaging occupy Building A, while Ryder Integrated Logistics occupies Building B. Building C, which was completed in December 2023, features a clear height of 36 feet, 55 dock doors, four drive-in doors, trailer parking and a 3,000-square-fot speculative office. Opus served as developer, design-builder and architect. Brian Kling and Reed Adler of Colliers, along with Dan Leahy and Packy Doyle of NAI Hiffman, marketed and leased the development.
BETHESDA, MD. — CP Group, along with a fund managed by DRA Advisors, has inked six leases over the past six months at Caprock, a 709,313-square foot office property located in Bethesda. Totaling approximately 32,000 square feet, the deals include new arrivals, renewals and an expansion. Investment management firm FVLCRUM Partners signed an 8,196-square-foot lease to relocate its former Rockville, Md.-based office. IT services firm T-Rex Solutions renewed its 5,744-square-foot lease at the property, while consulting company Eliassen Group also signed a lease renewal for 2,523 square feet. Washington Vein Clinic expanded its footprint to 5,351 square feet, relocating to one of Caprock’s newest spec suites on the sixth floor. Constellation Software Engineering signed a 5,357-square-foot lease to complement its existing Annapolis, Md.-based office, while Avenue Wealth Management signed a lease for a new 5,357-square-foot spec suite. Tenants were represented by agents from CBRE, Cresa, TTA, Cushman & Wakefield and JLL. Bernie McCarthy, Amanda Davis, Danny Sheridan and Patrick Hall of JLL represented the landlord in all transactions. Formerly known as Democracy Center, CapRock is a three-building, 10-acre campus that comprises two nine-story towers and one 15-story tower. CP Group recently completed renovations at Caprock’s 6903 building, including the rollout of …
PLANO, TEXAS — Airspan Networks has signed a 12,363-square-foot lease expansion in Plano. The global provider of 5G access and transport solutions is consolidating its Florida and California operations to R&D at Legacy, a 374,275-square-foot flex development, where Airspan now occupies roughly 26,000 square feet. Josh Walpole of Walpole Realty Group represented the tenant in the lease negotiations. Chase Lopez, James Mantzuranis and Sam Bass of Stream Realty Partners represented the landlord, BH Properties.
PHILADELPHIA — RSM US LLP has signed a 22,340-square-foot office lease in downtown Philadelphia. The provider of assurance, tax and consulting services is relocating from 30 South 17th Street to the entire 21st floor at 1735 Market Street, a 54-story, 1.3 million-square-foot tower. Newmark and Cushman & Wakefield co-represented the tenant in the lease negotiations. Keith Cody and Gordon Hough represented the landlord, Silverstein Properties, on an internal basis.
PLANO, TEXAS — Riken Vitamin Co. has signed a 12,653-square-foot lease in Plano. The Japanese producer of food additives and vitamins is relocating from California to R&D at Legacy, a 374,275-square-foot flex development. Doug Carignan and Landon Brune of CBRE represented the tenant in the lease negotiations. Chase Lopez, James Mantzuranis and Sam Bass of Stream Realty Partners represented the landlord, BH Properties.
BENSENVILLE, ILL. — Colliers has negotiated a 134,360-square-foot industrial lease in Bensenville on behalf of the owner, Hamilton Partners. The tenant, Consolidated Electrical Distributors (CED), has leased space at 710 Foster Ave. and will move its operations from 2801 Busse Road in Elk Grove Village. The new, standalone building was completed in January. Hamilton Partners demolished five smaller buildings to make way for the project. The developer plans to build office space per the tenant’s specifications to complement the building, which features a clear height of 32 feet, 26 exterior docks and parking for 112 cars. Tom Rodeno, Matthew Stauber and Patrick Turner of Colliers represented the landlord, while Adam Stokes of NAI Hiffman represented the tenant.
CYPRESS, TEXAS — Enchanted Rock has signed a 407,302-square-foot industrial lease in the northwestern Houston metro of Cypress. The power generation company and provider of clean energy solutions will occupy the entirety of the building at 18501 Mound Road, the first building to be delivered within Prologis’ 350-acre Legacy Point development. Building features include a cross-dock configuration, 36-foot clear heights and “abundant” car and trailer parking. Robert Alinger and Wes Williams of Colliers represented Prologis in the lease negotiations. Enchanted Rock was self-represented.
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