Thursday, July 10, 2025
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Leasing Activity

AcquisitionsAlabamaIndustrialLeasing ActivitySoutheast

MAG Capital Purchases 105,986 SF Manufacturing Facility in Northern Alabama in Sale-Leaseback Deal

by John Nelson

HARTSELLE, ALA. — MAG Capital Partners has purchased a 105,986-square-foot manufacturing facility located at 1101 Young Drive SE in Hartselle, a city in northern Alabama. The Dallas-based investor purchased the single-story asset from the tenant, Excel Interior Door, a manufacturer of interior wooden doors. Daniel Macks and Phil DiGennaro of Stream Realty Partners represented the seller in the sale-leaseback transaction, the terms of which were not released. Situated on a 10-acre site, the facility features 20-foot clear heights, four loading docks and 22 grade-level doors.

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DevelopmentDistrict of ColumbiaLeasing ActivityOfficeRetailSoutheast

Marx Realty Completes Renovations at One Glover Office Building in D.C., Signs Lease With Fitness Concept

by John Nelson

WASHINGTON, D.C. — Marx Realty has completed renovations at One Glover, a 110,000-square-foot office building located at 2121 Wisconsin Ave. in Washington, D.C.’s Georgetown/Glover Park neighborhood. Additionally, the firm has signed a 10-year, 6,650-square-foot retail lease with Water Street Gym, a boutique fitness concept. John Schlagel of Transwestern represented Water Street Gym in the lease negotiations, and Mark Wooters and James Collins of Cushman & Wakefield represented Marx Realty. Updates to One Glover included an overhaul of the façade and the addition of an outdoor gathering area with seating options, lobby lounge and a garden room. Other updates include a uniform doorman and atmospheric music and scents throughout the building’s common areas. Marx Realty’s in-house design team partnered with Studios Architecture for the One Glover project. Office tenants of the building include Nexstar Media Group, George Sexton and Associates and DispatchHealth. Language immersion preschool CommuniKids occupies nearly 9,000 square feet on the ground level.

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FloridaLeasing ActivityOfficeSoutheast

Cushman & Wakefield Arranges 164,221 SF Office Lease With Piedmont Healthcare at Atlantic Station in Atlanta

by John Nelson

ATLANTA — Cushman & Wakefield has arranged a new 164,221-square-foot office lease with locally based health system Piedmont Healthcare in Atlanta. The tenant will occupy space at 271 17th St., a 25-story office building within the Atlantic Station mixed-use campus in the city’s West Midtown district. Aileen Almassy and John Zintak of Cushman & Wakefield represented the landlord, Lionstone Investments, in the lease negotiations. Bo Keatley, David Rubenstein, John Flack and Michael Broome of Savills represented Piedmont Healthcare.

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Leasing ActivityNew YorkNortheastOffice

Yaupon Capital Signs 6,917 SF Office Lease at 340 Madison Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Yaupon Capital Management has signed a 6,917-square-foot office lease at 340 Madison Avenue in Manhattan. The investment management firm is taking space on the third floor of the 750,000-square-foot building. Ben Friedland and Hugh McDonald of CBRE represented the tenant in the lease negotiations. Paul Glickman, Matt Astrachan, Cynthia Wasserberger, Dan Turkewitz and Harrison Potter of JLL, along with internal agents William Elder and Andrew Ackerman, represented the landlord, RXR.

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Leasing ActivityRetailTexas

Austin Pickle Ranch to Open 50,000 SF Pickleball Venue at Former Golfsmith Property

by Taylor Williams

AUSTIN, TEXAS — Austin Pickle Ranch, a locally based operator of pickleball courts, will open a 50,000-square-foot venue along Braker Lane on the city’s north side. The space formerly housed a store for athletic equipment and accessories retailer Golfsmith. The venue will be the second for Austin Pickle Ranch and will feature 16 courts, indoor and outdoor lounge areas and a food-and-beverage component. The opening is scheduled for May.

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Leasing ActivityNew HampshireNortheastRestaurantRetail

Four Food-and-Beverage Users, Two Retailers to Join Roster at Tuscan Village in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Four new food-and-beverage users and two retailers have joined the tenant roster at Tuscan Village, a mixed-use destination in Salem that is a redevelopment of the former Rockingham Park horseracing complex. Shake Shack, Tavern in the Square, Sweetgreen and The Capital Grille, as well as retailers Drybar and West Elm, have all chosen Tuscan Village for their first locations in New Hampshire. Tentative opening dates were not disclosed.

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GeorgiaLeasing ActivityOfficeSoutheast

Switchyards to Open 200 New Coworking Offices Over Next Five Years

by John Nelson

ATLANTA — Atlanta-based coworking startup Switchyards has announced plans to open 200 new members-only work clubs over the next five years. This announcement follows a $5 million investment led by Bullpen Capital, with existing investors including Cercano and Overline. Founded in 2019, Switchyards operates 24-hour coworking venues with internet and unlimited coffee and tea. Each location features quiet areas for focused work, as well as bookable conference rooms for meetings. The brand’s current portfolio includes 15 clubs in Atlanta, Nashville and Charlotte. Switchyards plans to open 10 of the new facilities by the end of the year.

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Leasing ActivityOfficeTexas

FUSE Workspace to Open 33,000 SF Coworking Space in East Austin

by Taylor Williams

AUSTIN, TEXAS — FUSE Workspace, a Texas-based provider of flexible workspace solutions, will open a 33,000-square-foot space at 2105 E. MLK Boulevard in East Austin. The space, which will be the company’s fourth in Austin, will offer an array of private offices, dedicated individual desks, enterprise suites and meeting rooms. CB Capital owns the building. The opening is slated for September.

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IndustrialLeasing ActivityNew JerseyNortheast

Resource Realty Arranges 71,870 SF Industrial Lease in Norwood, New Jersey

by Taylor Williams

NORWOOD, N.J. — Locally based brokerage firm Resource Realty has arranged a 71,870-square-foot industrial lease in the Northern New Jersey community of Norwood. Locally based firm Alfred Sanzari Enterprises owns the building at 335 Chestnut St., which totals 111,424 square feet and was built in 1969, according to LoopNet Inc. Dan Whitehead of Resource Realty negotiated the deal on behalf of the tenant, footwear products manufacturer OrthoFeet Inc.

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