IRVING, TEXAS — Asset manager Singer Equities has signed a 15,294-square-foot lease at Cottonwood Office Center in Irving. The three-building, 165,000-square-foot campus was previously home to Liberty Mutual. John Dickenson and Paul Hernandez of Holt Lunsford Commercial represented the landlord, Capital Commercial Investments, in the lease negotiations. Brad Lipton of Mohr Partners represented the tenant.
UNIVERSITY PARK, ILL. — Cushman & Wakefield has negotiated a full-building industrial lease totaling 1.6 million square feet at 701 Central Ave. in the Chicago suburb of University Park. The transaction marks the largest warehouse lease in the Chicago market in 2024, according to the brokerage firm. Sean Henrick and Ryan Klink of Cushman & Wakefield represented the landlord, W. P. Carey. Jason West, Lou D’Avanzo and Adam Cooke of Cushman & Wakefield represented the tenant, a global tech and logistics company. W. P. Carey made several capital improvements to the property. The tenant is consolidating its footprint into a single facility.
WRENTHAM, MASS. — Simon Property Group has welcomed five new tenants to Wrentham Village Premium Outlets on the southwestern outskirts of Boston. Pottery Barn opened earlier this month at the property, which is also home to sister brand West Elm Outlet. Apparel retailers OFFLINE by Aerie, Hollister Co. and Gilly Hicks have also signed leases at the development. OFFLINE by Aerie will open this summer, and Hollister Co. and Gilly Hicks are scheduled to open this fall. Additionally, Shake Shack will debut a new restaurant before the end of the year.
HOLBROOK, N.Y. — Locally based brokerage firm CAMCO Commercial Real Estate has negotiated a 17,022-square-foot industrial lease on Long Island. The tenant, food wholesaler 496 Express Foods Inc., is taking space at the 300,000-square-foot Sherwood Corporate Center in Holbrook. The space can support cold storage uses. CAMCO represented both the tenant and undisclosed landlord in the lease negotiations.
FORT PIERCE, FLA. — CBRE has secured a 1 million-square-foot lease on behalf of landlord SL Industrial Partners at 5001 Crossroads Parkway in Fort Pierce, a city in South Florida’s St. Lucie County. The tenant, Atlanta-based BroadRange Logistics, a third-party logistics warehousing and service provider, will occupy the space later this year. Robert Smith, Kirk Nelson, Jeff Kelly, David Murphy and Monica Wonus of CBRE represented SL Industrial Partners, a member of The Silverman Group family of companies, in the lease negotiations. This lease marks BroadRange’s third warehouse in Florida, adding to locations in Orlando and Ocala, as well as the largest industrial lease in Florida year-to-date, according to CBRE. Dubbed Interstate Crossroads Logistics Center, the newly delivered warehouse features 40-foot clear heights, LED lighting, ESFR sprinklers, 232 dock-high doors, four drive-in doors, 472 parking spaces and 412 trailer spaces. The property sits on a 132-acre site between I-95 and the Florida Turnpike.
ILLINOIS — IWG, a provider of hybrid working solutions with brands including Spaces, Regus and HQ, is adding seven flexible workspaces in metro Chicago. The centers are designed to shorten commute times and provide increased flexibility for residents to work in the communities in which they reside. IWG says its new Illinois locations come on the heels of the business posting its highest-ever revenue and adding 867 new global locations over the course of 2023. IWG added 35 new locations in Illinois in 2023. With these seven new signings, IWG’s footprint now spans 75 locations across the state. Two of the new spaces are in Chicago, while the rest are in Naperville, Buffalo Grove, Libertyville, Naperville and Olympia Fields. IWG predicts that 30 percent of all commercial real estate will be flexible workspace by 2030.
CAMBRIDGE, MASS. — New England Development will open CanalSide Food + Drink, a new food hall in Cambridge, this fall. Situated within the developer’s CambridgeSide mixed-use development, the food hall will feature a bar — dubbed C-Side Bar — as well as 14 eateries. Announced concepts include anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta To Go, Fresh, InChu, Lala’s Neapolitan-ish Pizza, Nu Burger, Sapporo Ramen and Teazzi Tea Shop. RODE Architects designed the food hall, and Whiting-Turning is serving as the general contractor. The opening is slated for this fall.
FAIRFIELD, N.J. — Locally based brokerage firm Resource Realty has negotiated a 30,000-square-foot industrial lease renewal in Fairfield, about 30 miles west of New York City. The 50,000-square-foot building at 11 Madison Road was built on 2.3 acres in 1980. Greg Sabato and Dan Whitehead of Resource Realty represented the landlord, Richards & Robbins, in the lease negotiations. Cresa represented the tenant, PPI Time Zero, an affiliate of electronics manufacturer VIRTEX.
HOUSTON — Eco Thrift, a merchandiser of secondhand goods, has signed a 29,250-square-foot retail lease at Willowbrook Plaza in northwest Houston. AMC Theatres, Bed Bath & Beyond, buybuyBaby and World Market anchor the 392,542-square-foot power center. Austen Baldridge and Bob Conwell of NewQuest Properties represented the tenant in the lease negotiations. Radkey Jolink, Bruce Wallace and Cole Rainer of Jolink Wallace Commercial represented the landlord.
ORLANDO, FLA. — Piedmont Office Realty Trust Inc. has signed Travel + Leisure Co., a timeshare hospitality giant, to a lease at 501 W. Church in downtown Orlando. The publicly traded tenant will occupy the entirety of the five-story, 182,000-square-foot building and utilize the space for its new corporate headquarters through at least 2040. Alex Valente and Ben Mullenix represented Piedmont Office internally in the lease transaction along with Michael Phipps and Colin Morrison of CBRE. Greg Katz and Jason Warren of Stream Realty Partners, along with Mike Hopper of Newmark, represented the tenant. According to Valente, the Travel + Leisure lease represents the largest lease in downtown Orlando since 2019. Piedmont Office plans to renovate and rebrand the building ahead of the tenant’s occupancy in 2025. Preparations will include adding signage and modern amenities — including a new fitness center, conference center and café — to create a experience tailored for Travel + Leisure’s 900 expected employees.