RICHARDSON, TEXAS — GEICO has signed a 198,000-square-foot office lease at Galatyn Commons, located in the northeastern Dallas suburb of Richardson. The insurance provider, which last spring committed to occupying the entirety of Building B at the four-building, 800,000-square-foot campus, is now taking additional space in Building D. Mapletree, a global investment firm based in Singapore, owns Galatyn Commons. GEICO expects to hire another 1,000 people to staff its three Richardson buildings over the next two years.
Leasing Activity
NEW YORK CITY — Thompson Coburn LLP has signed a 46,000-square-foot office lease renewal in Midtown Manhattan. The national law firm will continue to occupy the entire 14th and 15th floors of 488 Madison Avenue, a 447,000-square-foot building, where it has been a tenant since 2002. Andrew Wiener, Tim Parlante and Kyle Young represented the landlord, The Feil Organization, in the lease negotiations on an internal basis. Joe Learner and Jarod Stern of Savills, along with Chris Kraus of JLL, represented Thompson Coburn, which will undertake a full redesign of its spaces as part of the deal.
SAN BERNARDINO, CALIF. — TireHub, a national tire distributor created by The Goodyear Tire & Rubber Co. and Bridgestone Americas, has signed a lease to occupy 404,725 square feet of industrial warehouse space at 1089 E. Mill St. in San Bernardino. Singapore-based Mapletree owns and manages the property, along with more than 66 million square feet of industrial assets across the United States. Kenneth Andersen and Rick John of Daum Commercial Real Estate Services, alongside Steve Provencio of Mapletree, represented Mapletree in the transaction.
CHICAGO — Carr Workplaces, a provider of flexible office solutions, has opened Carr Workplaces – The Loop at 20 North Clark Street in downtown Chicago. Located within walking distance of City Hall, government administration buildings, courthouses and public transportation, the workspace offers private offices, dedicated workstations, four meeting rooms, phone rooms and rentable lockers. Members also enjoy access to in-building amenities such as a fitness center, conference center, lounge and 24/7 building security.
LANSING, MICH. — Pita Way has signed a 1,400-square-foot lease to open at The Marketplace at Delta Township in Lansing. Michael Murphy of Gerdom Realty & Investment represented the tenant. The transaction marks the sixth Pita Way location that Gerdom helped the tenant secure in the past year. Eric Unatin of Mid-America Real Estate Group represented the undisclosed landlord.
DALLAS — Westwood Management has signed a 30,000-square-foot office lease renewal in Uptown Dallas. The boutique asset management firm will remain a tenant at The Crescent, where it has occupied space since 1990, through 2036. Paul Whitman, Brad Selner and Blake Waltrip of JLL represented the tenant in the lease negotiations. Tony Click and Jordyn Allen represented the landlord, Crescent Real Estate, on an internal basis.
SAYREVILLE, N.J. — Essex Food Ingredients has signed a 100,500-square-foot industrial lease in Sayreville, located in Central New Jersey. The space is located within Building 1 at Arsenal Trade Center, a three-building, 1.1 million-square-foot development by Trammell Crow Co. and CBRE Investment Management. Mindy Lissner, Mark Zaziski and Pat Decker of Cushman & Wakefield represented the tenant in the lease negotiations. Tom Monahan, Larry Schiffinhaus and Brian Golden of CBRE represented ownership. Essex took occupancy in January.
DALLAS — Weil, Gotshal & Manges LLP has signed a 69,000-square-foot office lease renewal in Uptown Dallas. The global law firm will remain a tenant at The Crescent, where it has occupied space since 1993, through 2036. Randy Cooper, Craig Wilson and Dan Harris of Stream Realty Partners represented the tenant in the lease negotiations. Tony Click and Jordyn Allen represented the landlord, Crescent Real Estate, on an internal basis.
POOLER, GA. — Porter Logistics, a third-party logistics (3PL) warehousing and transportation company, has moved into 195 Nordic Way, a 230,400-square-foot industrial facility in Pooler. Ryan Hoyt, Chris Tomasulo, Austin Kriz, Bennett Rudder and Lindsey Wilmot of JLL arranged the full-building lease on behalf of Porter Logistics and the undisclosed landlord. Situated on 13.5 acres within two miles of I-95 and seven miles from the Port of Savannah, 195 Nordic Way features 2,000 square feet of office space, a 170-foot maneuvering area for trucks, 50 trailer spaces, 28 dock-high doors and separate auto and truck entry and exit points. Porter Logistics will consolidate five other warehouses to the Pooler location, which will support expanded light manufacturing and repackaging activity for liquid chemical products and solid materials such as plastics and resin.
RICHFIELD, MINN. — The Coven, a network of coworking spaces, has opened its ninth location. The Coven Richfield marks the company’s sixth location in Minnesota and its seventh franchise-owned space. Located at 6440 Nicollet Ave., The Coven Richfield offers a membership-based workspace for entrepreneurs and professionals. The space is designed to support remote and hybrid workers while strengthening local business communities through connection and shared resources. The locally owned location includes community workspace, conference rooms for up to 14 people, private offices for teams of up to six, private phone rooms, bike storage, gender-neutral restrooms, a parent and prayer room, kitchen space, printing and office supplies, coffee and snacks, and a dedicated parking lot with additional free street parking. Members will also have access to The Coven’s digital community and Nice Healthcare telehealth services. Unique to this location are local art installations, event space and onsite storage. The Coven Richfield is owned by Lori Godding, a wealth management expert; Breanne Kennedy, founder and president of Thrive; and Nadia Siddiqui, vice president of advancement at Women’s Foundation of Minnesota.
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