FRISCO, TEXAS — Lee & Associates has negotiated a 32,375-square-foot industrial lease in Frisco, located north of Dallas. The tenant is Austin-based energy storage company Base Power Inc. The building at 15691 FM 423 is one of three within Frisco Trade Center, a 581,256-square-foot development owned by Dallas-based Dalfen Industrial. Brett Lewis, Taylor Stell and George Tanghongs of Lee & Associates represented the landlord in the lease negotiations.
PLANO, TEXAS — Selerix Insurance Services has signed a 28,400-square-foot office headquarters lease in Plano. The space is located within One Legacy Circle and represents both an expanded footprint and consolidation into a single location for the company. Alan Wood of Site Selection Group represented Selerix in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services and Eduardo Gildenson of Gildenson Real Estate represented the landlord.
LEWISVILLE, TEXAS — Lee & Associates has negotiated an 87,730-square-foot industrial lease in the northern Dallas suburb of Lewisville. The space is located within Building B of First Park 121, a six-building, 1.2 million-square-foot development. Adam Graham of Lee & Associates represented the tenant, Oh My Mahjong, in the lease negotiations. Mark Graybill, also with Lee & Associates, represented the landlord, Chicago-based REIT First Industrial Realty Trust.
GARDEN CITY, N.Y. — The New York State Unified Court System has signed a 16,000-square-foot office lease in the Long Island community of Garden City. The space is located on the third floor of Garden City Center, a 200,000-square-foot building that offers amenities such as a conference center, fitness center, café and a tenant lounge. Ralph Guiffre of CBRE represented the tenant in the lease negotiations. Andrew Wiener and Robert Fisher represented the landlord, The Feil Organization, on an internal basis.
OMAHA, NEB. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet. Additional retailers at Avenue One include Arhaus, Williams-Sonoma, Pottery Barn, West Elm, Perry’s Steakhouse & Grille, Barnes & Noble, L.L. Bean and Ulta Beauty. An opening date for Trader Joe’s has not been announced yet. Avenue One is owned and developed by JSP Development, with Poag Shopping Centers serving as retail co-developer and JLL overseeing leasing.
AcquisitionsContent PartnerDevelopmentIndustrialLeasing ActivityLee & AssociatesMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern
Lee & Associates’ Q3 2026 Report: Industrial Rebounds, Office Stalls, Retail and Multifamily Gain Ground
After three years of new construction outpacing tenant demand in many sectors and areas, commercial real estate posted a mostly encouraging report card in the third quarter of 2026. Lee & Associates’ 2026 Q3 North America Market Report shows industrial demand nearly doubled from the second quarter, while retail and multifamily extended their rebounds. Office, the sector that had been staging a comeback, slipped back into negative tenant demand territory. Sponsored: Download Lee & Associates’ 2026 Q3 North America Market Report. Industrial Overview: Tenant Growth Gains in United States There has been broad general improvement across North American industrial markets, with demand for space rebounding in the United States. Third-quarter net absorption totaled 84,081,618 square feet, as more users gradually have set aside tariff and trade concerns that have hobbled tenant expansion since 2023. The third-quarter gains are an 89 percent improvement from 44.4 million square feet in the second quarter and a year-on-year jump of 172 percent. The third quarter’s growth brought the year-to-date total to 161.2 million square feet as net absorption has recovered from three years of tepid growth. Despite the increase so far this year, tenant expansion continues to fall short of absorbing the volume of deliveries that …
WOBURN, MASS. — Foundation Alloy has signed a 36,055-square-foot industrial lease in the northern Boston suburb of Woburn. The company is relocating its manufacturing operations from The Engine, a nonprofit incubator facility owned by the Massachusetts Institute of Technology, to the building at 45 Industrial Parkway. Kevin McNamara, Ross Gaudet and Michael O’Leary of Cushman & Wakefield represented Foundation Alloy in the lease negotiations. Chelsea Andre, Rachel Marks and Chris Decembrele of JLL represented the landlord, a partnership between Camber Development and Wheelock Street Capital.
DALLAS — Harborcrest Industrial has signed a 74,421-square-foot lease in East Dallas. According to LoopNet Inc., the single-tenant building at 8721 Forney Road was constructed on 5.8 acres in 2001 and features 20-foot clear heights, 18 dock-high loading doors and two grade-level loading doors. Taylor Stell and Brett Lewis of Lee & Associates represented the landlord, Stonelake Capital Partners, in the lease negotiations. Thomas Mercer of Mercer Co. represented the tenant.
GARDEN CITY, N.Y. — Stark Office Suites has expanded its coworking space in the Long Island community of Garden City. The provider of flexible workspace solutions now occupies 14,553 square feet within the building at 1225 Franklin Ave. The space features furnished private offices, professional receptionist services and conference room access. Stark now operates 11 coworking facilities in New York and two in Connecticut.
PITTSBURGH — Wayfair will open a 95,000-square-foot store in Pittsburgh. The store, which will be located just outside the downtown area within the North Hills Village shopping center, will be the first in Pennsylvania for the Boston-based furniture provider. The store will feature an onsite design studio and consulting services for individual room furnishings or larger renovation projects. The opening is set for some time next year.
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