Wednesday, July 23, 2025
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Leasing Activity

GeorgiaLeasing ActivityRestaurantRetailSoutheast

Poag Signs Six New Tenants to Join Avenue West Cobb Retail Development in Marietta, Georgia

by John Nelson

MARIETTA, GA. — Poag Development Group, a Memphis-based company formerly known as Poag Shopping Centers, has signed six new tenants to join the roster at The Avenue West Cobb, an open-air retail development in Marietta that houses 80 shops, restaurants and businesses. The new tenants include two brands that recently opened: fitness boutique StretchLab and Walk-On’s Sports Bistreaux, a Cajun restaurant chain co-owned by former New Orleans Saints quarterback Drew Brees. The other four tenants — apparel retailer J. Crew Factory, dessert shop The Peach Cobbler Factory, medical primary care office Vera Whole Health and eyeglass retailer Warby Parker — are set to open the first half of the year. JLL is the property manager of The Avenue West Cobb, which locally based Cousins Properties opened in 2003.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 18,471 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated an 18,471-square-foot industrial lease at 6832 Bourgeois Road in Houston. The tenant, global energy services firm Interwell US, will occupy space within Four Seasons Business Park on the city’s northwest side. John Buckley and Jack Gaffney of Finial Group represented the undisclosed landlord in the lease negotiations.

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200-Park-Avenue-Manhattan
Leasing ActivityNew YorkNortheastOffice

MetLife Signs 400,000 SF Office Lease Extension at 200 Park Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — MetLife has signed a 400,000-square-foot office lease extension at 200 Park Avenue in Manhattan, a deal that keeps the insurance giant in its headquarters and namesake building through 2038. MetLife consolidated its New York City offices at the 58-story building in 2017 by occupying the entire third and sixth floors and parts of the fourth and fifth floors. Patrick Murphy and Peyton Horn of Cushman & Wakefield represented MetLife in the lease negotiations. Megan Sheehan and Sam Brodsky of Tishman Speyer, which owns the building in partnership with Irvine Co., represented the landlord on an internal basis.

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Leasing ActivityMichiganMidwestOffice

Blue Cross Blue Shield of Michigan Renews 307,000 SF Office Lease in Downtown Detroit

by Kristin Harlow

DETROIT — Blue Cross Blue Shield of Michigan has renewed its office lease at 500 River East Tower in downtown Detroit. The health insurance company remains the sole tenant within the 307,000-square-foot building, which has been part of the Blue Cross downtown campus since 2011 and is within close proximity to other Blue Cross and Blue Care Network facilities located on East Lafayette and Jefferson Avenue. According to Crain’s Detroit Business, Friedman Real Estate recently purchased both 500 River East Tower and 600 River East Tower from a New Jersey-based publicly traded utility company. Friedman is marketing 600 River East Tower for lease to prospective corporate users.

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FloridaLeasing ActivityRetailSoutheast

Dollar Tree Opens Three New Stores in South Florida

by John Nelson

HIALEAH, MIAMI AND WEST PALM BEACH, FLA. — Dollar Tree has opened three new stores in South Florida. The retailer now occupies 13,500 and 14,000 square feet in Hialeah and Miami, respectively. Dollar Tree has also opened a 9,000-square-foot store in West Palm Beach. Additionally, the retailer is currently underway on the development of two stores in Sunny Isles Beach and Lauderhill, Fla. Steve Miller of The Rotella Group represented Dollar Tree in the lease negotiations.

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IndustrialLeasing ActivityNortheastPennsylvania

Lecangs Signs 504,000 SF Industrial Lease in Whitehall, Pennsylvania

by Taylor Williams

WHITEHALL, PA. — Lecangs, a third-party logistics company and subsidiary of Loctek, has signed a 504,000-square-foot industrial lease at 3585 Church St. in the Eastern Pennsylvania community of Whitehall. According to LoopNet Inc., the single-tenant property was built in 2001. Del Markward and Mike Capobianco of locally based brokerage firm Markward Group represented Lecangs in the lease negotiations. JLL represented the undisclosed landlord. Jeff Collins of Commercial Florida Realty Inc. also assisted in closing the deal.

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IndustrialLeasing ActivityTexas

RAM Surgical Supplies Signs 11,799 SF Industrial Lease in DeSoto, Texas

by Taylor Williams

DESOTO, TEXAS — RAM Surgical Supplies has signed an 11,799-square-foot industrial lease at Falcon Centre, a 68,098-square-foot complex located in the southern Dallas suburb of DeSoto. Brian Pafford and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, OMO Bros Enterprises, in the lease negotiations. Sarah Mitchell of Mote & Associates represented the tenant, which plans to move in on Jan. 1, 2024.

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547-Stelton-Road-Piscataway-New-Jersey
IndustrialLeasing ActivityNAINew JerseyNortheast

NAI DiLeo-Bram Arranges Two Industrial Leases Totaling 27,500 SF in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Locally based brokerage firm NAI DiLeo-Bram has arranged two industrial leases totaling 27,500 square feet in the Northern New Jersey community of Piscataway. Stelton Sports signed a deal for 17,500 square feet at 527 Stelton Road with plans to open a recreational facility with four pickleball courts, two badminton courts and batting cages for baseball/softball and cricket. The Commencement Group, a supplier of flowers and graduation-related products, is relocating from Newark to a 10,000-square-foot space at 547 Stelton Road. Kelly Bayer and Robert V. DiLeo of NAI DiLeo-Bram represented ownership in both sets of lease negotiations.

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Leasing ActivityNew YorkNortheastOffice

JLL Negotiates 13,815 SF Office Lease at 860 Broadway in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — JLL has negotiated a 13,815-square-foot office lease at 860 Broadway in Midtown Manhattan. The six-story building was originally constructed in 1926 and underwent a capital improvement program in 2019. Seth Hecht and Thomas Swartz of JLL represented the landlord, Gordon Property Group, in the lease negotiations. Michael Movshovich and Troy Elias of Cushman & Wakefield represented the tenant, mortgage servicing platform Valon Technologies, which will occupy the entire fourth floor.

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IndianaLeasing ActivityMidwestRetail

Nordstrom Rack to Open 25,000 SF Store in Noblesville, Indiana

by Kristin Harlow

NOBLESVILLE, IND. — Nordstrom Inc. has unveiled plans to open a new Nordstrom Rack store in Noblesville, a northeast suburb of Indianapolis. The 25,000-square-foot store is slated to open in fall 2024 and will be situated within Hamilton Town Center, a shopping center that is home to Ulta, Ross Dress for Less, Dick’s Sporting Goods and Total Wine & More. Simon Property Group owns and manages the center. Nordstrom Rack is the off-price retail division of Nordstrom. With this new location, the company operates three Nordstrom Rack stores and one Nordstrom store in Indiana.

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