Leasing Activity

Celestica-Richardson

RICHARDSON, TEXAS — Celestica, a Canadian electronics manufacturer, has unveiled plans for the expansion of its Telecom Parkway campus in Richardson, a northeastern suburb of Dallas. The initiative represents a capital investment of approximately $300 million and is expected to account for the creation of roughly 2,300 new jobs over the next two years in addition to the retention of about 400 existing jobs. Celestica has renewed its office leases at both its existing buildings and has also begun construction on a new, 343,000-square-foot building. Celestica has also entered into a public-private partnership with the City of Richardson, which has approved a $3 million tenant improvement grant to support Celestica’s long-term commitment, capital investment and job creation.

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LIBERTY HILL, TEXAS — Walmart (NASDAQ: WMT) will open a 175,995-square-foot store in Liberty Hill, located north of Austin in Williamson County. The store will be located within Santa Rita Ranch, a $100 million mixed-use development, and is expected to add about 400 new jobs to the local economy. The opening is set for next year. Ed Horne is the owner and master developer of Santa Rita Ranch.

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NEW YORK CITY — Law firm Sher Tremonte LLP has signed a 10-year, 26,405-square-foot office lease renewal in Lower Manhattan’s Financial District. The space spans the entire 22nd and 23rd floors of the 410,000-square-foot building at 90 Broad St. Seth Hecht of JLL represented the tenant in the lease negotiations. Jon Fein of Cushman & Wakefield, along with internal agent Josh Turman, represented the landlord, Princeton International Properties.

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GAINESVILLE, GA. — Industrial owner-operator Logistics Property Co. has signed two tenants to new leases at Gainesville 85 Business Center, an industrial park located in the I-985 Northeast Atlanta submarket. An undisclosed e-commerce company committed to 228,423 square feet of space at the building at 1900 Fulenwider Road, which is now fully leased, while a sustainable packaging manufacturer leased 66,960 square feet at 1950 Fulenwider Road. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE represented the landlord in the lease negotiations. Tommy Hughes and Weston Gurr of Hughes Commercial and Rob Kruer, Tyler Logue, Nicholas Chang and Justin Kuehn of CBRE represented the tenants, respectively. Tim Evans and Ryan Jackson of the Greater Hall County Chamber of Commerce assisted in the negotiations.

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STAFFORD, VA — Mid-Atlantic commercial real estate brokerage firm KLNB has arranged multiple retail leases for the Market at Austin Ridge, a shopping center underway in Stafford. The new leases are with Aldi, Texas Roadhouse, Sheetz and Flagship Carwash. Dimitri Georgelakos and Veronica Kamara of KLNB worked on behalf of the undisclosed landlord in the lease negotiations. 

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NANUET, N.Y. — Best Buy will open a 35,500-square-foot store in Nanuet, located just north of the New York-New Jersey border. Previously occupied by At Home, the space is located on the ground floor of the Macy’s store at the Shops at Nanuet, which is a redevelopment of the former Nanuet Mall. Jeffrey Howard of RIPCO Real Estate represented the tenant in the lease negotiations, while David Landes and Zach Landes of Royal Properties represented the landlord, Metropolitan Realty Associates.

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NEW YORK CITY — Rover Diagnostics has signed a 15,763-square-foot life sciences lease in Queens. The space is located on the ground floor of Innolabs, a 266,800-square-foot development in the borough’s Long Island City area. Tom Burrus of JLL represented Rover Diagnostics in the lease negotiations. Bill Harvey and John Cahill, also with JLL, represented the landlord, a partnership between King Street Properties and GFP Real Estate.

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TAMPA, FLA. — Atlanta-based Stonemont has executed a full-building lease at TIA Executive Center, a 100,698-square-foot industrial facility located at 6111 Johns Road in Tampa. The name of the tenant was not disclosed, but Tampa Bay Business Journal reports that Google’s self-driving car platform Waymo is leasing the entire building to be used as warehouse space. John Dunphy and Pete Cecora of JLL represented Stonemont in the lease negotiations. David Kaplan, Kyle Massie and Winston Fox led the Stonemont team internally on the transaction. Stonemont delivered TIA Executive Center in October 2025 in partnership with PCCP. The property, which is situated two miles from Tampa International Airport, features 32-foot clear heights and has one speculative office suite.

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ST. CHARLES, MO. — Sobremesa has opened a new Mexican restaurant at Streets of St. Charles, a mixed-use property located northwest of St. Louis. The restaurant, located in Suite 130 at 1660 Beale St., joins two hotels, a movie theater, apartments, office space and other restaurants at the development. Cullinan Properties owns and operates the 27-acre Streets of St. Charles.

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Ten-Twenty-Spring_Atlanta

ATLANTA — Pinnacle Financial Partners (NYSE:PNFP) has announced plans to establish a corporate headquarters at Ten Twenty Spring, a 525,000-square-foot office tower located in Midtown Atlanta. A partnership between locally based Portman and Perform Properties, a portfolio company of Blackstone Real Estate, developed the tower in 2024.  Founded in 2000, Pinnacle offers a range of banking, investment, trust, mortgage and insurance products and services. The company merged with Synovus earlier this year. Pinnacle will occupy 165,000 square feet and have building signage at Ten Twenty Spring, which is situated within the Spring Quarter mixed-use district. The company will retain its bank headquarters in downtown Nashville and will relocate an estimated 400 team members to the new Atlanta office. Pinnacle’s existing footprint includes 46 locations in metro Atlanta.  “We’re planting the flag for our new corporate headquarters in a building and neighborhood that match the energy we feel about our future and our opportunity for growth in Atlanta,” says Kevin Blair, president and CEO of Pinnacle. Stream Realty Partners represented the building ownership in the lease negotiations. CBRE represented Pinnacle, which plans to occupy its new space in the second half of 2027. Consulting giant EY also recently signed a lease at Ten …

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