NEW YORK CITY — Hunter Point Capital has signed a 46,000-square-foot office lease in Midtown Manhattan. The independent investment firm is taking the entire 15th and 16th floors at 360 Park Avenue South, a 450,000-square-foot building. Peter Turchin, Gregg Rothkin, Hayden Pascal, Arkady Smolyansky, Ross Zimbalist and Trevor Larkin of CBRE, along with internal agents Andrew Levin and Will Stark, represented the landlord, BXP, in the lease negotiations.
Leasing Activity
Woodmont, Butters Group Secure 129,000 SF Industrial Lease with Aerospace Company in Jupiter, Florida
by Abby Cox
JUPITER, FLA. — Woodmont Industrial Partners, along with Butters Group, has secured a 129,000-square-foot industrial lease at Corporate Logistics Center, a 252,848-square-foot industrial facility located at 15791 Corporate Circle in Jupiter. Alaris Aerospace Systems, a global aftermarket aircraft parts distributor and asset manager, is relocating from nearby Pompano Beach and will occupy the space on a seven-year lease. Yuri Quispe and Peter Johnson of JLL represented the landlord in the transaction, while Lee Johnson of Florida Real Estate Growth Services represented the tenant. Additional tenants at the facility include Cyient Defense Services, Element Materials and PSI Manufacturing Operations. Corporate Logistics Center features 36-foot clear heights, 48 dock doors and ample car and trailer parking. The property also offers proximity to Palm Beach International Airport and the Port of Palm Beach.
GRAND PRAIRIE, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated a 50,099-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The space is located within Suite 200 at the building at 1201 Avenue S. Parker LanCarte and Mark Boone of LanCarte, along with Chris Routledge of Westbrook Real Estate, represented the tenant, thrift store retailer Brightmore Brands, in the lease negotiations. CBRE represented the undisclosed landlord.
PITTSBURGH — CBRE has negotiated a 37,816-square-foot healthcare lease expansion in Pittsburgh. The tenant, Blink Health, a New York City-based provider of digital pharmaceutical services, is expanding from 53,076 to 90,892 square feet at the 148,000-square-foot Building 5 within Penn Center West, where Blink has been a tenant since 2009. Carmine DiLucente, Michael Stuart and Danielle Lafe of CBRE represented Blink Health in the lease negotiations. Adam Viccaro, Dominika Demantova and Charlie Must, also with CBRE, represented the landlord, The Soffer Organization.
NEW YORK CITY — Brown Advisory has signed a 15-year, 34,748-square-foot office lease in Midtown Manhattan. The global investment manager plans to relocate and expand from its space at the building at 12 E. 49th St. to the entire 27th and part of the 26th floor at 520 Madison Avenue during the fourth quarter. Cynthia Wasserberger, Michael Berg, Bobby Blair and Sofia Bruno of JLL represented the tenant in the lease negotiations. Megan Sheehan and Sam Brodsky internally represented the landlord, Tishman Speyer.
HOUSTON — Smurfit Westrock has signed a 78,683-square-foot industrial lease in northwest Houston. The provider of packaging services is taking space within Patriot Business Park, a three-building, 462,591-square-foot development. Tyler Maner, Natalie Gilbert and Jeremy Lumbreras of Stream Realty Partners represented the landlord, a partnership between Standard Real Estate Investments and Investment & Development Ventures, in the lease negotiations. Paul Dominique and Hayden Dominique of Colliers represented the tenant.
NEW YORK CITY — BrightTower has signed a 13,857-square-foot office lease in Midtown Manhattan. The local investment bank and capital markets advisory firm will relocate and expand from its space at 110 E. 25th St. to the entire 32nd floor of 41 Madison Avenue, a 42-story, 560,000-square-foot building, during the second quarter. Neil King and Alexander Golod of CBRE represented BrightTower in the lease negotiations. Robert Steinman internally represented the landlord, Rudin.
PFLUGERVILLE, TEXAS — Taroko Sports, a baseball-themed concept, will open an 11,740-square-foot entertainment venue in Pflugerville, a northern suburb of Austin. The space is located within Stone Hill, a 1 million-square-foot, mixed-use development by Houston-based NewQuest. The facility, which is scheduled to open early next year, will be the second in Texas for Taroko Sports.
ALGONQUIN, ILL. — Fromm International LLC has signed a 72,745-square-foot industrial lease at Algonquin Corporate Center in the Chicago suburb of Algonquin. The manufacturer of professional salon tools and accessories is relocating its national distribution operations from the O’Hare submarket. Adam Marshall and Mark Deady of Newmark represented the tenant, with Newmark’s Cooper Weisman and Dylan Weisman providing strategic support. Mike Sedjo and John Hamilton of CBRE and Ben Dickey of Stream Realty Partners represented the landlord, NorthPoint Development. Fromm International will occupy space within Building 1 of the five-building, 1.7 million-square-foot campus. Constructed in 2022, the facility features a clear height of 36 feet, 130-foot truck courts, ESFR sprinkler systems and spec office space.
NEW YORK CITY — ASAK Solutions Inc., a provider of ground-handling services for the aviation industry, has signed a 16,515-square-foot industrial lease in the Jamaica area of Queens. The facility at 152-15 Rockaway Blvd. will support the company’s ramp and cargo handling business as JFK International Airport. Joseph Hentze Jr. of Cushman & Wakefield represented the tenant in the lease negotiations. Joseph Lagano and Reid Berch of Avison Young represented the landlord, Boston-based Longpoint Partners.
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