Leasing Activity

CHAMBERSBURG, PA. — Endurance Real Estate Group has inked a full-building, 1 million-square-foot industrial lease at Chambersburg Logistics Park, about 55 miles southwest of Harrisburg. The tenant was not disclosed. The site spans 93 acres and is located immediately off Exit 10 of I-81. Building features include a clear height of 40 feet, 166 overhead dock positions, four drive-in doors, 213 trailer stalls (expandable to 303), 375 car parking spaces (expandable to 561) and an ESFR sprinkler system. PNC Bank financed the project, construction of which began in late 2022. Endurance developed Chambersburg Logistics Park in partnership with an affiliate of Guardian Life Insurance Co. Gerry Blinebury and Alex Wenger of Cushman & Wakefield represented ownership in the lease negotiations. Eric Zahniser, Brad Struck and Clint Manning of Cresa represented the tenant.

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the-grove

RALEIGH, N.C. — CBRE has arranged 14 office leases totaling 75,541 square feet at The Grove, an office redevelopment project located in west Raleigh. Ed Pulliam and John Brewer of CBRE represented the landlord, Chartwell Property Group, in the lease negotiations. The recently signed leases bring the development’s occupancy to 90 percent, comprising nearly $25 million in combined value. The new tenants include Johnnie-O, Christina Valkanoff LLC, Hedrick Gardner Kincheloe & Garofalo LLP, Carr, Riggs & Ingram, Martin Marietta, Elder Research Inc., North Carolina Association of CPAs, W. M. Jordan Co. Inc., The Providence Group, JacobsWyper Architects, Proyco and Ark Royal Wealth Management LLC. Situated on 11.5 acres, The Grove’s office campus offers 29,000 square feet of indoor/outdoor amenity space, featuring a self-serve café and bar, library, lounge, golf simulator, conference rooms and workspaces, as well as a fitness center that includes CrossFit stations, an indoor pickleball court, sauna and massage room.

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ATLANTA — Three new tenants have signed leases at Stella at Star Metals, the residential centerpiece of Allen Morris Co.’s $1.5 billion Star Metals mixed-use development in Atlanta’s West Midtown neighborhood. Skin care studio concept Skin Laundry, Atlanta-based health food chain Kale Me Crazy and med spa clinic Peachy are expected to open on the ground level of the apartment building later this year. The new tenant additions will accompany Michelin-recognized Italian eatery Füm and the second location of Ladybird Grove & Mess Hall, which fronts the complex. Stella at Star Metals includes 327 luxury apartments in studio, one- and two-bedroom floorplans, as well as penthouse suites, ranging in size from 414 square feet to 1,596 square feet, according to Apartments.com. The 22-story building features 25,000 square feet of ground-floor retail space, a 7,000-square foot pool deck with pergolas and an infinity pool, a 15-person screening room with surround sound and a two-story bar on the 17th floor.

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NEW YORK CITY — Synthesia, a generative artificial intelligence platform, has signed a 13,600-square-foot office lease at 245 Fifth Avenue, a 24-story, 316,495-square-foot building in Midtown Manhattan. The lease term is five years. Dennis Someck and Justin Myers of Lee & Associates represented the tenant in the lease negotiations. Scott Klau, Erik Harris, Zach Weil, Cole Gendels and Ben Klau of Newmark represented the landlord, The Moinian Group.

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JACKSONVILLE, FLA. — Gateway Jax has signed a lease with Publix to anchor Pearl Square, a 1.5 million-square-foot mixed-use development underway in downtown Jacksonville. The new Publix will span 31,000 square feet in a building that will also include a 15-story residential tower with 250 apartment units and 400 parking spaces. Gateway Jax and Corner Lot are expected to begin construction on the grocery store in summer 2026. Matthew Clark of Colliers handles the retail leasing assignment at Pearl Square on behalf of Gateway Jax. Upon completion of Pearl Square, the $2 billion development will comprise 1,250 residential units, approximately 200,000 square feet of retailers and restaurants and a renovation of the 100-room Ambassador Hotel. The project will also include new public spaces and parks, widened and shaded sidewalks, as well as a curbless festival street with outdoor dining options. A timeline for completion has not been disclosed. Gateway Jax is a locally based real estate development firm sponsored by JWB Real Estate Capital and DLP Capital.

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AUSTIN, TEXAS — HydroGraph USA Inc. has signed a 20,555-square-foot industrial lease in South Austin. The chemicals manufacturer is taking space at the building at 2101 E. St. Elmo Road, which according to LoopNet Inc. was completed in 2021 and totals 52,236 square feet. Eric Sheaffer of Partners Real Estate represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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JACKSON, MISS. AND DETROIT — Cushman & Wakefield | Commercial Advisors has arranged the sale-leaseback of a five-property light-manufacturing industrial portfolio totaling 169,043 square feet. Four of the five assets are located in metro Jackson and one facility is located in metro Detroit. Landon Williams and Katie Hargett of Cushman & Wakefield | Commercial, along with Pratt Rogers of Kerioth Corp., represented the seller, an entity doing business as Multicraft Real Estate LLC. The buyer, an entity doing business as Harrison Cayden Holdings LLC, purchased the portfolio and leased it back on a 15-year term to Multicraft, which specializes in manufacturing equipment for the automotive, power tool and HVAC industries. Other terms of the transaction were not disclosed.

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NEW YORK CITY — Cushman & Wakefield has negotiated a 28,000-square-foot industrial lease near JFK International Airport in Queens. The tenant, freight and logistics operator Kennedy Transport Services LLC, will occupy space at Inwood Logistics Center, a 10-building development. Rico Murtha, Helen Paul, Sonny Singh, Thomas Deluca, David Frattaroli, John Giannuzzi and Joseph Hentze Jr. represented the landlord, a partnership led by Onyx Equities, in the lease negotiations. The tenant representative was not disclosed.

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CHARLESTOWN, MASS. — Pickleball operator PickleBOS will open a 22,570-square-foot sports entertainment venue in Charlestown, a northern metro of Boston. The site at 440 Rutherford Ave. is located within Charlestown Labs, a 166,000-square-foot office and life sciences campus owned by Related Beal. Designed by StudioTYAK, the indoor facility will feature 10 courts that will be equipped with TVs, iPads and cameras for live scoring and instant replays, as well as private event spaces. The opening is slated for December.

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NEW YORK CITY — JTC Group has signed a 15,926-square-foot office lease in Midtown Manhattan. The global fund administration services company will relocate from Rockefeller Center to the entire 20th floor of 575 Madison Avenue, a 25-story, 385,347-square-foot building. David Hollander, Gregg Rothkin, Brad Auerbach, Maxwell Tarter and William Hooks of CBRE represented the landlord, Steinberg and Pokoik Management Co., in the lease negotiations. John Nugent and Joe D’Apice, also with CBRE, represented the tenant.

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