BAYTOWN, TEXAS — Total Specialty Services, a provider of infrastructural services to industrial project sites, has signed a 13,000-square-foot industrial lease in the eastern Houston suburb of Baytown. Austen Buckalew of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Tyler Maner and Davis Lamberton of Stream Realty Partners represented the landlord.
Leasing Activity
NEW YORK CITY — TruArc Partners has signed a 10,000-square-foot office lease extension at 545 Madison Avenue in Midtown Manhattan. The private equity firm will remain on the 10th floor of the 18-story, 140,000-square-foot building for another seven years. Tara Stacom led a Cushman & Wakefield team that represented the landlord, Marx Realty, in the lease negotiations. Evan Margolin and Ben Levy of JLL represented TruArc Partners.
DALLAS — Global marketing company PMG has unveiled its new 75,000-square-foot office headquarters in Uptown Dallas. The company, which is relocating from The Centrum, has leased three upper-level floors of The Link at Uptown, a newly constructed, 300,000-square-foot building by Kaizen Development Partners. The space can support about 300 people and includes an internal interconnected staircase. As the anchor tenant, PMG also has top-of-building signage.
MAGNOLIA, TEXAS — Locally based brokerage firm Oxford Partners has negotiated a 12,000-square-foot industrial lease renewal in Magnolia, a northwestern suburb of Houston. According to LoopNet Inc., the building at 327 Magnolia Business Park Drive was built in 2003 and spans 17,145 square feet. Jeffery Arnaud of Oxford Partners represented the tenant, J2 Fabrication, in the lease negotiations. The landlord was not disclosed.
FORT WORTH, TEXAS — Construction equipment supplier Buyers Barricades has signed a 7,200-square-foot industrial lease renewal at Riverbend Business Park in Fort Worth. The 32-building, 1.4 million-square-foot development is located on the city’s east side. William Wilson and George Jennings with Holt Lunsford represented the landlord, Riverbend Properties, in the lease negotiations. The representative of the tenant was not disclosed.
SOMERVILLE, MASS. — Sublime Systems, which manufactures low-carbon alternatives to traditional cement, has signed a 23,000-square-foot office and life sciences lease expansion in the Boston-area city of Somerville. Sublime Systems originally occupied 6,500 square feet at the 7.4-acre Somernova campus and expects to employ about 400 people following the completion of the expansion. Rafi Properties owns Somernova.
MIAMI — H&M has signed a 25,000-square-foot lease to occupy an anchor space at The Shops at Brickell City Centre (BCC) in Miami. Scheduled to open later this year, the global clothing retailer will occupy two levels at the property, which serves as the primary retail component of BCC, a 4.9 million-square-foot mixed-use development that first opened in 2016. Developed by Swire Properties, BCC also features two residential towers, two office buildings, food hall and the EAST Miami hotel. Other tenants at the development include a flagship Saks Fifth Avenue, Zara, Levi’s and Chanel Fragrance and Beauty Boutique.
FORT WORTH, TEXAS — Ambiance Textiles has signed a 14,775-square-foot lease renewal in Fort Worth. The 49,130-square-foot industrial flex building at 200 N. Vacek St. is located on the northwest fringe of the downtown area and was originally constructed in 1950, according to LoopNet Inc. David Cason and Jake Neal of Holt Lunsford Commercial represented the tenant in the lease negotiations. The landlord was not disclosed.
NEW YORK CITY — China Merchants Bank has signed a 43,060-square-foot office lease extension at 535 Madison Ave. in Midtown Manhattan. The bank will continue to occupy the entire 17th, 18th and 23rd floors of the 37-story building for the next 15 years. Michael Goldman, Barry Spagna and Erik Sznip of Cresa represented China Merchants Bank in the lease negotiations. Brian Gell and Laurence Briody of CBRE represented the landlord, Park Tower Group.
LEDGEWOOD, N.J. — Barnes & Noble will open a 13,875-square-foot bookstore in the Northern New Jersey community of Ledgewood. The retailer is taking space at The Shops at Ledgewood Commons, a 450,000-square-foot open-air lifestyle center that is a redevelopment of the former Ledgewood Mall. Marc Palestina and Chuck Lanyard of The Goldstein Group represented Barnes & Noble in the lease negotiations. Mike Testa, Shane Wierks and Bill Farkas of Jeffery Realty represented the landlord.