Leasing Activity

PURCHASE, N.Y. — Release Recovery, which provides counseling and treatment for substance abuse and mental health disorders, has opened a 7,698-square-foot outpatient healthcare clinic in Purchase, about 30 miles north of Manhattan. The space at 3020 Westchester Ave. is located within the 220,000-square-foot Purchase Professional Park and houses multiple treatment spaces and a yoga room. Simone Development Cos. owns Purchase Professional Park and was represented in the lease negotiations by in-house agent Sean Heneghan and Matthew Lisk of Cushman & Wakefield.

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CUMMING, GA. — Kamstrup Water Metering LLC, a global supplier of water meter equipment and services, has opened its new regional headquarters and manufacturing facility in Cumming. The 150,000-square-foot facility is located within Forsyth Commerce Center, a 94-acre business park roughly 40 miles northeast of Atlanta. The Danish company, which has employees in over 20 countries, began operating in the United States in 2013. The company supports water utilities with ultrasonic metering solutions, network communications and software applications. Kamstrup considered 13 other Southeastern cities before selecting Cumming. Joey Kline of JLL worked with Kamstrup on site selection and lease negotiations, which includes securing a 15-year lease with landlord McDonald Development.

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AUSTIN, TEXAS — Tokyo Electron has signed a 98,761-square-foot office lease at RiverSouth, a 15-story, 372,000-square-foot office building in downtown Austin. The provider of semiconductors and display production equipment is relocating and will join existing tenants such as Baker Botts, Alert Media and Under Armour. Brad Philp and Conor Greissing of Stream Realty Partners represented the landlord in the lease negotiations on an internal basis. Kendall King and Stan Erwin of HPI Real Estate Services & Investments represented Tokyo Electron. 

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ORLEANS, MASS. — MassHousing has provided $19.2 million in financing for an affordable housing redevelopment project in the Cape Cod community of Orleans. The financing consists of $15.4 million in tax credit equity bridge financing, $2.8 million in permanent financing and $1 million from the agency’s workforce housing initiative. The project will convert the former site of a Cape Cod Five Bank operations center that originally opened in 1977 into a 62-unit complex that will serve renters with a range of income restrictions. The borrower, Pennrose, will adaptively reuse part of the existing structure and also construct new units from the ground up. Amenities will include a fitness room, community room, resident services office and a package room.

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YARDLEY, PA. — Regional grocer Wegmans has opened an 88,000-square-foot store in Yardley, about 30 miles northeast of Philadelphia. The site is located within the Prickett Preserve mixed-use development, and the store offers a selection of approximately 1,200 wines and 500 beers and ciders. The store, which will employ about 400 people on full- and part-time bases, is Wegmans’ second in Bucks County.

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EAST SETAUKET, N.Y. — Stony Brook University Hospital has signed a 16,000-square-foot lease on Long Island. The regional provider now occupies an entire 25,000-square-foot building within the 103-acre Stony Brook Technology Center campus in East Setauket. David Leviton from JLL represented the tenant in the lease negotiations. Maria Valanzano and Steven D’Orazio of Colliers represented the landlord, TRITEC Real Estate Co.

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CORSICANA, TEXAS — Regional Employee Assistance Program has signed a 10-year, 39,975-square-foot office lease renewal in Corsicana, about 60 miles south of Houston. The space is located at 400 Hospital Drive within the Navarro Regional Medical Complex. Allison Johnston Frizzo and Tanya Hart Little of Hart Commercial represented the landlord, Healthcare Realty Services LLC, in the lease negotiations. Deidre Hardister of NAI Geis Realty Group represented the tenant.

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HOUSTON — Avison Young has negotiated a 28,791-square-foot office headquarters lease in West Houston. The tenant, civil engineering firm R.G. Miller | DCCM, is relocating from 16340 Park Ten Place to Eldridge Oaks, a 14-story, 349,190-square-foot building that was originally constructed in 2009. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. Brad Fricks and Matt Asvestas of Stream Realty Partners represented the landlord, an affiliate of Broadshore Capital Partners. The relocation will take place during the third quarter.

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HOUSTON — Fast-casual concept Salad and Go has inked three new leases in metro Houston. The drive-thru-only company will open restaurants at a 44,431-square-foot property in Magnolia and a 30,000-square-foot property in Cypress, as well as in The Woodlands. Salad and Go has also signed a lease to open an eatery in the Central Texas city of Bryan. Jason Baker, Traci Holman, Lunden McGill and John Frazier of Baker Katz represented the Arizona-based tenant in all lease negotiations. Danny Miller of Gulf Coast Commercial Group represented the landlord in the Magnolia and Cypress deals. Jacob Weersing of Capital Retail represented the landlord in The Woodlands transaction. Salad and Go now has more than 100 locations across four states, including about 60 in Texas.

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NEW YORK CITY — Pearl World has signed a 12-year, 8,800-square-foot office lease at Carnegie Hall Tower in Manhattan’s Plaza District. The space of the cosmetics retailer, which is relocating from 37 West 57th Street, spans the entire 48th floor and can also support its showroom. Dennis Someck and Justin Myers of Lee & Associates represented Pearl World in the lease negotiations. Matt Leon with Newmark represented the landlord, TF Cornerstone.

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