Leasing Activity

Wells Fargo Plans 400,000 SF Adaptive Reuse Office Project at Hudson Yards in Manhattan

by John Nelson November 28, 2023

NEW YORK CITY — Wells Fargo & Co. (NYSE: WFC) has announced formal plans to expand its office footprint within Hudson Yards, a mixed-use district on Manhattan’s west side. The San Francisco-based banking giant, which already occupies space within the $25 billion Hudson Yards campus, has purchased additional space from Related Cos., the master developer behind Hudson Yards along with Oxford Properties Group. Multiple media outlets have reported that Wells Fargo purchased the space at 20 Hudson Yards, which formally housed a Neiman Marcus store, for $550 million. The bank plans to convert the 400,000 square feet of space to offices in synergy with its current 500,000-square-foot footprint at 30 Hudson Yards, according to Bloomberg News. Forbes reported that the Neiman Marcus location closed in summer 2020. Wells Fargo plans to begin moving employees from its existing office space at 150 E. 42nd St. to the new Hudson Yards office beginning in late 2026. The property is expected to house 2,300 Wells Fargo employees at full operation. The 11-story building will also include a dedicated entrance on 10th Avenue and naming rights to Wells Fargo for signage on the exterior of the property. “This investment further solidifies our longstanding commitment …

November 28, 2023

Healthcare Leasing Activity Maryland Southeast

MedStar Signs 19,739 SF Lease at Medical Office Building in Annapolis, Maryland

by John Nelson November 27, 2023

ANNAPOLIS, MD. — MedStar Medical Group has signed a 19,739-square-foot lease at a medical office building (MOB) located at 810 Bestgate Road in Annapolis, roughly 30 miles outside of Baltimore. The new lease marks an expansion of the healthcare network’s presence at the property, which totals 100,000 square feet across four stories. MedStar now occupies 31,000 square feet at the building, which is fully leased. Stephanie Caronna represented the landlord, St. John Properties, in the lease negotiations on an internal basis. Paige Wingate and Matt Sullivan of Cushman & Wakefield represented the tenant. MedStar plans to open a surgery center at the property in March 2024.

November 27, 2023

Industrial Leasing Activity Texas

Partners Real Estate Negotiates 13,410 SF Industrial Lease in Dallas Design District

by Taylor Williams November 27, 2023

DALLAS — Partners Real Estate has negotiated a 13,410-square-foot industrial lease in the Dallas Design District. According to LoopNet Inc., the single-tenant property at 2050-2062 Irving Blvd. was built in 1952 and renovated earlier this year. Building features include 14-foot clear heights and two drive-in bays. Hanes Chatham Jr. of Partners represented the landlord, an entity doing business as 2050 Irving Blvd., in the lease negotiations. DeAnna Green of Nydan Group represented the tenant, The Blueprint University.

November 27, 2023

Leasing Activity Retail Texas

CoCo Bella Beauty to Open 12,530 SF Store at Fort Bend Town Center in Metro Houston

by Taylor Williams November 27, 2023

MISSOURI CITY, TEXAS — CoCo Bella Beauty Supply will open a 12,530-square-foot store at Fort Bend Town Center, a 144-acre retail development by NewQuest Properties in Missouri City, roughly 20 miles southwest of Houston. Bob Conwell and Andrew Alvis represented NewQuest on an internal basis in the lease negotiations. Joanna Temple Johnston of Temple Commercial Realty represented Coco Bella. The opening is slated for February.

November 27, 2023

Leasing Activity Office Texas

Intrusion Signs 10,705 SF Office Lease at Plano Tower

by Taylor Williams November 27, 2023

PLANO, TEXAS — Cybersecurity firm Intrusion has signed a 10,705-square-foot office lease at Plano Tower, a 225,445-square-foot building located on the northern outskirts of Dallas. The building houses amenities such as a recently upgraded lobby and conference center, as well as a fitness center and a deli. Chris Mathis of Newmark represented the tenant in the lease negotiations. Boxer Property Group owns the building.

November 27, 2023

Industrial Leasing Activity Texas

Toshiba America Renews 9,569 SF Industrial Flex Lease in Farmers Branch, Texas

by Taylor Williams November 27, 2023

FARMERS BRANCH, TEXAS — Toshiba America Business Solutions Inc. has renewed its lease for 9,569 square feet of industrial flex space at 4350 Spring Valley Road in the northern Dallas metro of Farmers Branch. Jason Finch of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as SB Tech Center LLC, in the lease negotiations. Brooke Benedict of Colliers represented the tenant.

November 27, 2023

Leasing Activity Midwest Retail Wisconsin

Dollar Tree Signs 10,500 SF Retail Lease in Wauwatosa, Wisconsin

by Kristin Harlow November 27, 2023

WAUWATOSA, WIS. — Dollar Tree has signed a 10,500-square-foot retail lease at 12120 W. Burleigh St. in the Milwaukee suburb of Wauwatosa. Emily Smits and Mike Fitzgerald of Mid-America Real Estate represented the landlord, an entity doing business as CPG Wauwatosa LLC. The shopping center is named Burleigh Square.

November 27, 2023

Leasing Activity Michigan Midwest Retail

LaundroLab Opens 4,000 SF Laundromat in Pontiac, Michigan

by Kristin Harlow November 27, 2023

PONTIAC, MICH. — LaundroLab has opened a 4,000-square-foot laundromat within Oakland Pointe Plaza in Pontiac, a northern suburb of Detroit. Founded by local franchisees Leslie and Water Czarnecki, the Pontiac LaundroLab features high-tech washers and dryers, 24-7 attendant service, a child playroom and vending machine. The facility accepts both coin payments and digital payments through a mobile app. The Pontiac facility is one of five planned franchise locations by the Czarneckis. Carrie Weiss of NAI Farbman represented the tenant.

November 27, 2023

Leasing Activity New York Northeast Office

IMA New York Signs 10,000 SF Office Lease in Midtown Manhattan

by Taylor Williams November 27, 2023

NEW YORK CITY — IMA New York, a division of insurance brokerage firm IMA Financial Group, has signed a 10,000-square-foot office lease at 1155 Avenue of the Americas in Midtown Manhattan. The lease term is 10 years. The tenant will occupy space on the 33rd floor of the 42-story building. Howard Hersch and Brett Harvey of JLL represented the tenant in the lease negotiations. Tom Bow, Rocco Romeo and Nora Caliban internally represented the landlord, The Durst Organization, which recently completed a $130 million capital improvement program at the property.

November 27, 2023

Leasing Activity Retail Texas

Two New Tenants Join Alpha Plaza Shopping Center in Dallas

by Taylor Williams November 22, 2023

DALLAS — Two new tenants have joined the roster at Alpha Plaza, a 76,229-square-foot retail center located in Dallas. Sherlock’s Escape Rooms and The Aussie Grind Provisions will occupy 4,800 and 2,177 square feet, respectively, with both operators slated to open before the end of the year. Melanie Hughes and Erik Blais of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Kennington Alpha Plaza LLC, in the lease negotiations. The tenant representatives were not disclosed.

November 22, 2023

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