Leasing Activity

Central-9-Logistics-Park-Old-Bridge-New-Jersey

Paragon Packaging Signs 192,200 SF Industrial Lease in Old Bridge, New Jersey

by Taylor Williams January 10, 2024

OLD BRIDGE, N.J. — Paragon Packaging has signed a 192,000-square-foot industrial lease in Old Bridge, about 40 miles south of Manhattan. The packaging firm is taking space at Building 2 at the 4.2 million-square-foot Central 9 Logistics Park, which is under construction and expected to be complete in the second quarter. Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi and Morgan Nitti of Cushman & Wakefield represented the landlord, 2020 Acquisitions, in the lease negotiations. Kyle Eaton of Newmark represented Paragon Packaging.

January 10, 2024

Development Illinois Leasing Activity Midwest Retail

Six New Tenants to Open at Hawthorn Shopping Center in Vernon Hills, Illinois

by Kristin Harlow January 10, 2024

VERNON HILLS, ILL. — Six new tenants are slated to open at Hawthorn, a regional shopping center undergoing redevelopment in the Chicago suburb of Vernon Hills. Sephora, Anthropologie, FP Movement and The Lovesac Co. will open this year at the new Hawthorn Row outdoor streetscape. Also this year, Perry’s Steakhouse & Grille will open on an outparcel along Milwaukee Avenue. In 2025, Dom’s Kitchen & Market will open along Townline Road next to the Sleep Number store. The Domaine, a 311-unit luxury apartment complex, recently opened on the east side of the Hawthorn property. The next phase of development calls for another 250 apartment units and a three-acre amenitized plaza, a new food gallery on the upper level, and the addition of curated food and beverage tenants for the center’s ring road outparcels. Hawthorn originally opened 50 years ago.

January 10, 2024

Leasing Activity Mixed-Use North Carolina Office Restaurant Retail Southeast

Seven New Tenants Join 92-Acre Fenton Development in Cary, North Carolina

by John Nelson January 9, 2024

CARY, N.C. — Two new retailers and five office users have signed on to join the tenant roster at Fenton, a 92-acre mixed-use development in the Raleigh suburb of Cary. The nearly $1 billion development is co-owned by Hines and Columbia Development. The new retailers, Brewery Bhavana and Vega Vitality, plan to open their locations at Fenton before the end of the year. Two other retailers opened in late 2023: Johnny Was and Rejuvenation. Bruce Koniver of Odyssey Retail Advisors is leading Fenton’s retail leasing, which is currently 94 percent committed. The five companies that signed office leases at Fenton include Cushman & Wakefield, IPS, Prologis, AIMA and Surety Systems. The property’s office component currently spans 200,000 square feet, with future phases allowing up to 1 million square feet.

January 9, 2024

Leasing Activity Office Southeast Virginia

KPMG Signs 13,044 SF Office Lease at Town Center of Virginia Beach

by John Nelson January 9, 2024

VIRGINIA BEACH, VA. — KPMG LLP, one of the “Big Four” audit, tax and advisory firms, has leased 13,044 square feet of office space at Town Center of Virginia Beach, a 25-acre mixed-use district in Virginia Beach. The firm will move into its space at the development’s 23-story office tower this month. Divaris Real Estate represented the landlord and developer, locally based Armada Hoffler, in the lease negotiations. Cushman & Wakefield | Thalhimer represented KPMG. The new lease brings Town Center of Virginia Beach’s office component, which spans 800,000 square feet, to 98 percent occupancy, according to Armada Hoffler.

January 9, 2024

Leasing Activity Office Texas

Bradford Commercial Negotiates Office Lease Renewal, Expansion in Allen, Texas

by Taylor Williams January 9, 2024

ALLEN, TEXAS — Bradford Commercial Real Estate Services has negotiated a 10-year office lease renewal and expansion in the northeastern Dallas suburb of Allen. The tenant, Visitech Americas, a Norwegian provider of 3D printing and digital imaging solutions, will now occupy 19,431 square feet across the entire first floor of Building 2 of The Office Campus at Allen. Jared Laake of Bradford represented the landlord, an entity doing business as 1301 SCE LLC, in the lease negotiations. Dene Allred of CMI Brokerage represented the tenant, which plans to invest $1 million in the build-out of the expanded space.

January 9, 2024

Leasing Activity Office Texas

Family Care Center Signs 6,052 SF Office Lease in New Braunfels, Texas

by Taylor Williams January 9, 2024

NEW BRAUNFELS, TEXAS — Family Care Center has signed a 6,052-square-foot office lease in New Braunfels, a northeastern suburb of San Antonio. According to LoopNet Inc., the property at 640 N. Walnut Ave. was built in 2021 and totals 19,623 square feet. Chad Wallace of Partners Real Estate represented the undisclosed landlord in the lease negotiations. Ken Brown and Carl Salvato with Cushman & Wakefield represented the tenant.

January 9, 2024

Leasing Activity New Jersey Northeast Retail

Barnes & Noble Opens 35,000 SF Store in Paramus, New Jersey

by Taylor Williams January 9, 2024

PARAMUS, N.J. — Barnes & Noble has opened a 35,000-square-foot store in the Northern New Jersey community of Paramus. The bookseller is backfilling a space formerly occupied by Big Lots at 765 Route 17 S. Marc Palestina of New Jersey-based brokerage firm The Goldstein Group represented Barnes & Noble in the lease negotiations. Joe Dougherty of Metro Commercial represented Big Lots, which previously occupied the space.

January 9, 2024

Kansas Leasing Activity Midwest Office

Accounting Firm Adams Brown to Relocate Overland Park Office to Aspiria Campus

by Kristin Harlow January 8, 2024

OVERLAND PARK, KAN. — Adams Brown LLC, a CPA and advisory firm, has unveiled plans to relocate its Overland Park office to the Aspiria campus. The move is expected to take place in the fourth quarter of 2024. With numerous office locations throughout the central region, Adams Brown specializes in serving those in the agriculture, construction, manufacturing, dental and physician practice, local government and closely held businesses. The firm has operated in the Kansas City market since 2017 and has outgrown its current office space. Wichita-based Occidental Management owns and manages the Aspiria campus, which is the redevelopment of the former Sprint campus.

January 8, 2024

Leasing Activity Midwest Missouri Restaurant Retail

Duck Donuts to Open at Antioch Annex Shopping Center in Kansas City, Missouri

by Kristin Harlow January 8, 2024

KANSAS CITY, MO. — Duck Donuts is opening a 1,500-square-foot shop at the Antioch Annex shopping center in Kansas City. The lease marks the Pennsylvania-based donut brand’s first location in Kansas City. Dan Sweeney of Curry Real Estate Services represented ownership on an internal basis. Duck Donuts plans to open in late February. The company began franchising in 2013 and now maintains more than 130 locally owned and operated shops across the country.

January 8, 2024

Leasing Activity Life Sciences New Jersey Northeast

RegenLab USA Signs 15,792 SF Life Sciences Lease in Jersey City

by Taylor Williams January 5, 2024

JERSEY CITY, N.J. — RegenLab USA, a manufacturer of equipment for regenerative cell therapies, has signed a 15,792-square-foot life sciences lease in Jersey City. RegenLab will relocate from the Brooklyn Army Terminal to the sixth floor of the building at 95 Greene St., which was originally constructed as a manufacturing facility for Colgate Palmolive, later this year. Dan Spero, Blake Goodman, John Cahill, Bob Ryan and Craig Eisenhardt of JLL represented the landlord, Thor Equities Group, and RegenLab in the lease negotiations.

January 5, 2024

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