HOUSTON — World Emblem has signed a 72,000-square-foot industrial lease in northwest Houston. The Florida-based patch and insignia manufacturer is relocating and expanding from a nearby, 35,000-square-foot space to the building at 6740 Signat Drive. About 140 employees will work at the plant to start, and the company plans to reshore 50 jobs and add up to 100 additional staff at the facility, which will initially produce up to 500,000 emblems and patches per week. No third-party brokers were involved in the lease negotiations.
CARROLLTON, TEXAS — FireTron Inc. has renewed its 15,486-square-foot lease at an industrial flex property in the northern Dallas metro of Carrollton. The provider of fire protection equipment will remain at Avion Business Center, which according to LoopNet Inc. was built in 1984 and totals 24,944 square feet. Jason Finch of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Tyler Maner and Will Mason of Stream Realty Partners represented the tenant.
PRAIRIE VILLAGE, KAN. — Women in Real Estate Development (WIRED) is nearing completion of a wellness and beauty destination at the corner of 75th Street and State Line Road in Prairie Village near Overland Park. The 7,000-square-foot property is named “c u r a t e d.” In August 2024, a group of 22 local women investors, led by Sheryl Vickers of Select Sites LLC, acquired the property. They have reimagined the building from 1958 into a commercial space tailored for health, beauty and wellness practitioners looking to reach consumers across Mission Hills, Waldo, Brookside, Leawood, Overland Park and Fairway. The interior space features new paint, flooring and lighting. The project’s suites feature natural light, private entries and modern finishes. The project also included the installation of new energy-efficient windows. Final plans call for a new parking surface and concrete with ADA access and new landscaping. The anchor tenant is The Healing Collective, which occupies eight suites and brings the building’s occupancy to 70 percent.
ARLINGTON, VA. — JBG Smith has launched leasing at Valen, a 355-unit multifamily community located at 2050 S. Bell St. within the National Landing neighborhood of Arlington. New York City-based KPF designed the project. The 25-story tower offers studio, one-, two- and three-bedroom floorplans ranging in size from 524 square feet to 1,279 square feet, as well as 15,000 square feet of ground floor retail space. Monthly rental rates at Valen range from $2,250 to $5,820, according to Apartments.com. Amenities at the property include a rooftop swimming pool and lounge, fitness center, 24-hour concierge services, coworking facilities, community gathering spaces and a pet spa with a grooming station. Residents also have access to garage bike storage and electric vehicle charging stations. JBG Smith plans to achieve LEED Gold certification at Valen. Valen’s adjacent sister property, The Zoe, opened for leasing in December 2024 and includes 420 rental apartments.
MIAMI — L&L Holding Co. and Oak Row Equities have secured a lease expansion with Amazon at Wynwood Plaza, a 1 million-square-foot mixed-used development located within Miami’s Wynwood Arts & Entertainment District. The lease expansion — which will total more than 75,000 square feet — builds on Amazon’s original agreement in January to lease 50,333 square feet at the campus. Bryan Lapidus of L&L Holding, as well as Andrew Trench, Edward Quinon and Brian Gale of Cushman & Wakefield, represented Wynwood Plaza’s ownership in the lease negotiations. Tom Capocefalo and Mike Catalano of Savills represented Amazon. Wynwood Plaza’s office tower totals 266,000 square feet with a dedicated second-floor amenity hub that includes a fully equipped fitness center with showers and lockers, a golf simulator and conference rooms. Additional offerings include a landscaped rooftop with flexible seating options and shaded areas, a 25-foot grand lobby, air filtration systems, destination dispatch elevators with touchless entry and an onsite parking garage.
FORT WORTH, TEXAS — FedEx Ground Package System has renewed its 186,577-square-foot industrial lease in Fort Worth. The space is located within Carter Distribution Center, a four-building, 1 million-square-foot complex on the city’s south side that was originally built in 2018. Thomas Eddins of Fischer & Co. represented the tenant in the lease negotiations. Matt Carthey and Thomas Grafton of Holt Lunsford Commercial represented the landlord, PGIM.
NEW YORK CITY — TickPick, an online platform for buying and selling of fee-free event tickets, has signed a 17,000-square-foot office headquarters lease at One Penn Plaza in Midtown Manhattan. Alec Kirschner of Vestian, a global brokerage firm specializing in tenant representation, represented TickPick in the lease negotiations. Vornado Realty Trust owns the building and was self-represented.
ANN ARBOR AND ROCHESTER HILLS, MICH. — SweatHouz has signed retail leases to open new locations in Ann Arbor and Rochester Hills. SweatHouz is a chain of studios that offers infrared saunas, cold plunges and other wellness services. Jason and Amy Hanley are the area developers for SweatHouz in Michigan and have signed on to open 17 locations across the state. SweatHouz currently has 50 locations open and operating across the country and another 50 in permitting or construction phases. The Ann Arbor facility will total 2,628 square feet at 3143 Ann Arbor Saline Road, and the Rochester Hills location will span 2,130 square feet at 1495 N. Rochester Road. Both will serve as outparcels to Meijer stores. The tenant group also owns six Orange Theory locations in Michigan. Norman Abro of Keystone Commercial Real Estate brokered the leases.
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Multifamily, Seniors Housing Sectors Remain Positive Real Estate Performers
By Troy Marek, Regions Real Estate Capital Markets As we embark on the second half of 2025 amidst some economic uncertainty, there are two bright spots within real estate. Both the multifamily and the seniors housing/healthcare sectors boast strong fundamentals and occupancies. RealPage data indicates 138,302 apartment units were absorbed in the first quarter, and NIC MAP data shows a seniors housing occupancy increase to 87.4 percent, or 621,000 occupied units over the same period. This suggests strong demand in both critical housing sectors, at the same time new supply is slowing. Interest Rates Drive Lending Activity Agencies Freddie Mac, Fannie Mae and HUD remain the primary loan providers supporting these two asset classes today. Unsurprisingly, interest rates heavily impact lending activity. Since the Federal Reserve decided to hold rates steady in May, sector experts have been closely watching employment and inflation data, as well as tariff impacts, as all three have the power to influence the Fed to lower rates later this year. With the Federal Reserve deciding to hold rates as-is in June, industry players will continue to keep an eye on the data. Once rates are brought down some, perhaps later this year, multifamily and seniors housing/healthcare …
NEW YORK CITY — Life Time will open a 52,000-square-foot fitness club at 10 Bryant, a 30-story office building located at 452 Fifth Ave. in Midtown Manhattan. The facility will feature a cold plunge pool and a steam room, a spa with red light therapy service, coworking and library spaces, barre and yoga studios and personal training space. JLL represented the landlord, Property & Building Corp., in the lease negotiations.
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