Thursday, November 13, 2025
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Leasing Activity

GeorgiaIndustrialLeasing ActivitySoutheast

Colliers Arranges 215,822 SF Industrial Lease in Newnan, Georgia

by John Nelson

NEWNAN, GA. — Colliers has arranged a 10-year, full-building lease at Scout 85 Logistics, a 215,822-square-foot industrial building situated within Coweta Industrial Park in Newnan, a southwest suburb of Atlanta. Andrea Hopper and Jimmy Cohoat of Colliers’ Indianapolis office, along with Scott Plomgren of the firm’s Atlanta office, represented the tenant, Integrated Distribution Services (IDS), in the lease transaction. The landlord is Miami-based Scout Cold Logistics. Situated at 495 Coweta Industrial Parkway, the property offers proximity to the CSX Palmetto Industrial Facility and Hartsfield-Jackson Atlanta International Airport for IDS, a third-party logistics provider.

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CivicLeasing ActivityNew YorkNortheast

Yeshiva University to Open 160,000 SF Health Sciences Campus in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Yeshiva University will open a 160,000-square-foot health sciences campus in Midtown Manhattan. The Jewish higher learning institution is entering into a 32-year leasehold condominium agreement to occupy the fifth through ninth floors, as well as partial mezzanine and ground-floor areas, at the 10-story Herald Center building. The building is located at the corner of 34th Street and Broadway and was built in 1902 as the original Saks department store. David Carlos led a Savills team that represented Yeshiva University in its site selection and lease negotiations. Jacob Jerome and Morris Bailey represented the landlord, JEMB Realty Corp., on an internal basis. A tentative opening date was not disclosed.

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IllinoisLeasing ActivityMidwestMultifamily

248-Unit Luxury Apartment Complex in Chicago Hits 75 Percent Occupancy

by Kristin Harlow

CHICAGO — The Saint Grand, a 248-unit luxury apartment complex in Chicago, is now 75 percent leased. The development team includes Mavrek, Double Eagle Development, Luxury Living and GW Properties. The property at 535 N. St. Clair also features 45,000 square feet of office space and 8,000 square feet of street-level retail space. The building’s grand opening took place in late July, and residents started moving in in April. Units feature workspaces and private outdoor spaces. Amenities include a fitness center, coworking spaces, lounges and a rooftop pool deck. The retail space will be home to a Starbucks, and additional retailers will be announced in the coming months. The project team included architect NORR, general contractor Lendlease and interior designer Harken Interiors. Cushman & Wakefield is overseeing residential and commercial property management. Monthly rents for the apartments start at $2,379.

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IndustrialLeasing ActivityTexas

Direct Air Flow Distributors Signs 13,200 SF Industrial Lease in Montgomery, Texas

by Taylor Williams

MONTGOMERY, TEXAS — Direct Air Flow Distributors has signed a 13,200-square-foot industrial lease in Montgomery, about 55 miles north of Houston. According to LoopNet Inc., the single-tenant building at 18904 Freeport Drive was built in 2012. Travis Land and Braedon Emde of Partners Real Estate represented the landlord, Kudzu Construction & Development, in the lease negotiations. Griffin Rich of Newmark represented the tenant.

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Leasing ActivityMidwestMissouriOffice

Midas Construction Rebrands to Midas Building Group, Relocates Headquarters in Suburban St. Louis

by Kristin Harlow

FENTON, MO. — Midas Construction is rebranding to Midas Building Group (MBG). The firm builds hospitality, multifamily and senior living projects throughout the Midwest with active projects in Missouri, Illinois, Indiana and Ohio. MBG is also settling into a new and larger headquarters on the Maritz Corporate Campus at 1400 S. Highway Drive in Fenton, a suburb of St. Louis. The company previously occupied 5,226 square feet in Clayton. MBG’s new 12,005-square-foot office in Fenton features a 5,076-square-foot warehouse space. Campus amenities include a fitness center, multiple auditoriums and conference facilities, a full-service cafeteria and walking trails. The MBG family of companies includes American Cabinet Factory and Collaborative Carpentry. The firm also maintains a regional office in Indianapolis.

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20-Rockefeller-Plaza
Leasing ActivityNew YorkNortheastOffice

Christie’s Extends 400,000 SF Office Lease at Rockefeller Center in Manhattan

by Taylor Williams

NEW YORK CITY — Christie’s has extended its 400,000-square-foot office lease at Rockefeller Center in Manhattan for another 25 years. The art auctioning and appraisal company has been a tenant at the 100-year-old complex since 1997, and its footprint has comprised salerooms, public galleries, warehouses and office space. Mary Ann Tighe, Ramneek Rikhy, Cara Chayet and Courtney Hughson of CBRE, along with Jen Yashar and Danielle Frank of Fried Frank, represented Christie’s in the lease negotiations. EB Kelly represented the landlord, Tishman Speyer, on an internal basis.

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IndustrialLeasing ActivityNew JerseyNortheast

Vision Wheel Signs 32,456 SF Industrial Lease in Flemington, New Jersey

by Taylor Williams

FLEMINGTON, N.J. — Vision Wheel Inc. has signed a 32,456-square-foot industrial lease in Flemington, about 60 miles southwest of Manhattan. The supplier and distributor of custom wheels and tires is taking space at Flemington Junction Business Center, a four-building development. Jason Fisch of Greek Real Estate Partners represented Vision Wheel in the lease negotiations. Rob Marek represented the landlord, locally based investment firm Larken Associates, on an internal basis. The deal brings the property to full occupancy.

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Leasing ActivityMichiganMidwestOffice

Crescent College and Career Preparatory Academy Leases 66,000 SF Office Building in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — Crescent College and Career Preparatory Academy, a charter school network, has leased a 66,000-square-foot office building at 26200 Lahser Road in Southfield. The three-story property is known as Lahser Center II. According to a release, the move will enable Crescent to expand and modernize its middle and high school programs. Jake Cinti, Stephen Powers and Lindsay Ornstein of OPEN Impact Real Estate, along with Charles Howard of Transwestern, represented the tenant. Matthew Schiffman of PA Commercial represented the landlord, Lahser Southfield LLC, doing business as Foster Financial Co. Inc. The tenant will relocate from its current location at 26555 Franklin Road in Southfield, where it has been leasing space from the Christian Tabernacle Church since 2017.

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Leasing ActivityNew JerseyNortheastRetail

Three New Tenants Sign Leases at Cherry Hill Mall in Southern New Jersey

by Taylor Williams

CHERRY HILL, N.J. — Three new tenants have signed leases at Cherry Hill Mall, a 1.4 million-square-foot shopping center located in the greater Philadelphia area. Lacoste and Columbia Sportswear are scheduled to open at the property later this year, with Mango anticipated to open in summer 2025. PREIT owns and manages the center. Other tenants opening soon at the property include Alo Yoga, Kendra Scott, Dry Goods, Rowan, Signature Workspace, Kooma Asian Fusion and Sushi Bar and Inspiration Co.

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AcquisitionsLeasing ActivityRetailSoutheastTennessee

RealSource Negotiates Sale-Leaseback of 34,000 SF Retail Property in Metro Memphis Leased to LA Fitness

by John Nelson

COLLIERVILLE, TENN. — RealSource Group has negotiated the sale-leaseback of a 34,000-square-foot single-tenant retail property located at 1088 W. Poplar Ave. in Collierville, roughly 30 miles southeast of Memphis. LA Fitness occupies the property, which was built in 2019. Ted Slaughter and Jonathan Schiffer of RealSource, in association with Scott Reid of ParaSell Inc., represented the seller, Fitness International (the parent company of LA Fitness), in the transaction. A private investor acquired the property for an undisclosed price. LA Fitness will continue to occupy the building, which is situated near the 1 million-square-foot FedEx World Tech Center and 900,000-square-foot Carrier facility, on a 15-year net lease. Chipotle Mexican Grill and Chick-fil-A occupy outparcels near the property.  

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