FAIRFIELD, N.J. — Cushman & Wakefield has negotiated a 22,523-square-foot industrial lease in the Northern New Jersey community of Fairfield. The recently renovated building at 123 Lehigh Drive features a clear height of 24 feet and two dock-high doors. Bill Waxman, Morgan Nitti, Jeff Volpi, Mindy Lissner and David Gheriani of Cushman & Wakefield represented the landlord, The Stro Cos., in the lease negotiations. Brian Wilson of Resource Realty represented the tenant, Moda Foods. The deal brings the building to full occupancy.
Leasing Activity
UNION, N.J. — Automotive repair company Caliber Collision has signed an 11,815-square-foot retail lease in the Northern New Jersey community of Union. According to LoopNet Inc., the single-tenant property at 2260 Route 22 E was originally built in 2000. Neil Goldstein and John Ostrowski of The Goldstein Group represented the undisclosed landlord in the lease negotiations. Sean Pyle and Justin Korinis of Sabre Real Estates Advisors represented Caliber Collision.
WALTHAM, MASS. — BPGbio has signed a 70,000-square-foot office and life sciences lease in the western Boston suburb of Waltham. The AI-powered biopharmaceutical company plans to relocate from nearby Framingham to two full floors of the 143,533-square-foot facility at 300 Third Ave. next summer. Tim Latham, Christopher Scott and Chris Devaux internally represented the landlord, Dallas-based Lincoln Property Co., in the lease negotiations. Paul Delaney, Adam Subber and Nate Heilbron of Cresa represented BPGbio.
NEW YORK CITY — Butterfield Market will open a 10,000-square-foot grocery store in Queens. The space is located on the ground floor of RISE LIC, an apartment complex in the borough’s Long Island City area with more than 100 units. Charles Rapuano of Winick Realty Group represented the tenant in the lease negotiations. Thomas Galo, also with Winick Realty Group, represented the landlord, a joint venture between The Davis Cos., SB Development and Hazelton Capital. An opening date has not yet been established.
Cushman & Wakefield Arranges 69,271 SF Lease at 550 South Office Tower in Uptown Charlotte
by John Nelson
CHARLOTTE, N.C. — Cushman & Wakefield has arranged a 69,271-square-foot lease at 550 South, a 394,000-square-foot office tower located in Uptown Charlotte. Truist Insurance Holdings, the fifth-largest insurance brokerage firm in the United States, will now occupy the 14th, 15th and 16th floors at the property. Cousin Properties is the landlord of 550 South. Keith Bell and Matt Bowen of Cushman & Wakefield represented Truist in the lease negotiations. Charlotte-based Truist Financial Corp. is the parent company of the tenant, but recently reached an agreement to sell its remaining stake in Truist Insurance Holdings.
NEW YORK CITY — Discount retailer Five Below has debuted a 9,500-square-foot store at Parkchester, a mixed-use development located in the central part of The Bronx. A 170,000-square-foot Macy’s anchors the retail portion of the development, which also features office and residential units. Olshan Properties owns Parkchester and was self-represented in the lease negotiations. JLL represented Five Below.
CHICAGO — Kinship PACE of Illinois LLC has signed a 15,310-square-foot retail lease at Bricktown Square shopping center in Chicago. Kinship PACE of Illinois is a program of all-inclusive care for the elderly (PACE). The lease marks Kinship Health’s first location in Illinois. Donna Korn and Beau Ladwig of Cushman & Wakefield represented the tenant. Campbell Wickland, Liz Krebs and Kate Ruzevich of Mid-America Real Estate Group represented the undisclosed landlord.
HOUSTON — Landtech Inc. has signed a 24,249-square-foot industrial lease in West Houston. The provider of surveying services is relocating from its current space in the Timbergrove area to the building at 1315 W. Sam Houston Parkway N. Dan Boyles and Brent Bishop of Partners Real Estate represented the tenant in the lease negotiations. Andy Havel of Metroway Commercial Realty represented the undisclosed landlord.
MEQUON, WIS. — Kleen Test Products Corp. has signed a 30,000-square-foot industrial lease at 1000 W. Donges Bay in Mequon, a northern suburb of Milwaukee. Paul McBride and John Davis of Founders 3 Real Estate Services represented the owner, Stern Real Estate LLC. The tenant develops, manufactures and packages items such as wet wipes and dryer sheets.
NEW YORK CITY — Cushman & Wakefield has negotiated a 45,689-square-foot office lease at 1180 Avenue of the Americas in Midtown Manhattan. The tenant, nonprofit organization SelfHelp Community Services, will occupy the entire second and third floors of the 398,937-square-foot building. Mark Boisi, Bryan Boisi, Michael Baraldi and Harry Blair of Cushman & Wakefield represented the landlord, Northwood Investors, in the lease negotiations. Thomas Hines of Transwestern, along with Stephen Powers, Lindsay Ornstein and Alex Smith of OPEN Impact Real Estate, represented the tenant.