DALLAS — Leap Applied Behavioral Services has signed an 11,196-square-foot lease in southwest Dallas. According to LoopNet Inc., the building at 5510–5520 S. Westmoreland Road was constructed in 1985 and totals 20,357 square feet. Jason Gibbons of Finial Group represented the landlord in the lease negotiations on an internal basis. George Ndegwa of AARE Real Estate represented the tenant.
ROCKAWAY, N.J. — Resource Realty of Northern New Jersey has arranged a 30,131-square-foot industrial lease in Rockaway, about 35 miles west of New York City. According to LoopNet Inc., the building at 400 Forge Way was completed in 1986 and totals 73,131 square feet. Brian Wilson and Scott Peck of Resource Realty represented the landlord in the lease negotiations. The name and representative of the tenant were not disclosed.
SAN FRANCISCO — Anthropic, a leader in AI technology, has leased the entirety of 300 Howard, a 25-story, 466,000-square-foot office tower, and 342 Howard, a historic 18,000-square-foot building, both in San Francisco. The properties are owned and managed by a joint venture between DivcoWest and Blackstone Real Estate. JLL’s Chris Roeder, Ted Davies and Carlye Parker represented DivcoWest and Perform Properties, Blackstone Real Estate’s retail and office portfolio company, in lease negotiations. Felipe Gomez-Kraus and John Diepenbrock of JLL represented Anthropic.
FARMINGTON HILLS, MICH. — Thai Body and Soul, a wellness center, has signed a 1,685-square-foot retail lease at Market Place Plaza in Farmington Hills. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord. Market Place Plaza is situated on Orchard Lake Road, just south of 13 Mile Road.
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Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady
Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …
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.
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.
LOCKPORT, ILL. — RJW Logistics Group has signed a 512,265-square-foot industrial lease renewal at 14908 S. Gougar Road in Lockport. ML Realty Partners owns the property. Woodridge, Ill.-based RJW provides retail logistics solutions.
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.
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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