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.
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.
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.
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.
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.
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.
DALLAS — Taylor Team Relocation, an Ohio-based copier shipping firm, has signed a 50,070-square-foot industrial and office lease at Marsh Business Park West, a 636,725-square-foot development in North Dallas. The space comprises 23,220 square feet of office space and a 26,850-square-foot warehouse. Hudson Sheets and Andrew Gilbert of Holt Lunsford Commercial represented the tenant in the lease negotiations. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC.
NEW YORK CITY — International law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP has signed a 765,000-square-foot office lease at 1345 Avenue of the Americas in Midtown Manhattan. The lease term is 20 years, and the space spans 18 floors. Fisher Brothers, in partnership with J.P. Morgan, owns the building, which recently underwent a $120 million capital improvement program. Moshe Sukenik, Chris Mongeluzo and Brian Cohen of Newmark represented the tenant in the lease negotiations. Howard Fiddle, Peter Turchin, Ben Josephs, Bill Lacovelli and Antony Dattoma of CBRE represented ownership in conjunction with Marc Packman, Clark Briffel, Charles Laginestra and Josh Fisher of Fisher Brothers.
NEW YORK CITY — Locally based landlord Olshan Properties has secured two new leases at 99 Hudson Street, a 17-story, 175,000-square-foot office building in Manhattan’s Tribeca area. Community College Campus Inc. will relocate to a 9,300-square-foot space on the 12th floor in November, and HR&A Advisors renewed its lease for 12,111 square feet on the third floor. Eric Cagner, Jon Franzel, Claire Koeppel and David Falk of Newmark represented Olshan Properties in the lease negotiations. Darell Handler and Kyle Galin of Handler Real Estate represented Community College Campus Inc., and Michal Mathias of Cushman & Wakefield represented HR&A Advisors.
The term “adaptive reuse” in real estate circles typically conjures images of repurposing old, obsolete commercial buildings. Meanwhile, academic buildings, administrative offices and other properties on college campuses rarely come to mind. But NAI has noted a growing need among higher learning institutions with vacant or underused assets, particularly as a result of growing online learning options, says Larry Gautier, senior vice president of NAI Miami | Fort Lauderdale. As a result, the brokerage is focused on finding solutions for schools. “NAI hasn’t historically been involved with higher institutions of learning — we’ve typically focused on conventional real estate transactions,” Gautier acknowledges. “But a few years ago, when students weren’t going in to class, colleges and universities were facing a challenge: what do you do with facilities — that were built for thousands of students — in a remote-learning setting? For many schools, remote learning is here to stay.” Options include leasing buildings to commercial users or entering a joint venture with, for example, an aerospace or engineering company for educational programs, he adds. Colleges that suddenly have vast unused parking lots could also enter into long-term leases with multifamily, office or mixed-use developers. “Our position is to help these schools create …