CLAYTON, MO. — CBRE has opened a new 13,611-square-foot office on the sixth floor of The Plaza in Clayton, a western suburb of St. Louis. The firm relocated from the 14th floor of the same building, which it has occupied since 2012. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including innovative technology and a wider variety of collaborative spaces designed to support hybrid working. There are two conference rooms, one living room, a library, a large communal gathering space and a café. A cornerstone of the Workplace360 model is its free-address approach of unassigned seating. Teams get access to various work areas where they can use any unoccupied seat. Amenities at The Plaza include an outdoor terrace, two tenant lounges, a fitness center, training room, golf simulator and game room.
Leasing Activity
HOUSTON — Engineering and industrial services firm Acuren Inspection has signed a 10,829-square-foot industrial lease renewal in northwest Houston. The space is located within Four Seasons Business Park, a 204,532-square-foot development that was constructed on 11.8 acres in 2011, according to commercialcafé.com. John Buckley and Jack Gaffney III of locally based brokerage firm Finial Group represented the undisclosed landlord in the lease negotiations. Judd Harrison of KBC Advisors represented the tenant.
NEW YORK CITY — CBRE has negotiated a 132,000-square-foot office lease at 295 Fifth Avenue in Midtown Manhattan. The tenant, global law firm Quinn Emanuel Urquhart & Sullivan, will relocate to floors eight through 10 of the 17-story, 700,000-square-foot structure, which is known locally as The Textile Building. The owner, a partnership between Tribeca Investment Group, PGIM Real Estate and Meadow Partners, recently completed a $350 million capital improvement program at the property. David Hollander, Peter Turchin, Mary Ann Tighe, Brett Shannon, Liz Lash and Hayden Pascal of CBRE represented ownership in the lease negotiations. Lewis Miller, Greg Maurer-Hollaender and Cara Chayet, also with CBRE, represented the tenant.
PRINCETON, N.J. — The Container Store has opened a 15,000-square-foot shop at The Square at West Windsor in Princeton. The store is the retailer’s 100th nationally and sixth in New Jersey. Anchored by Lowe’s and Trader Joe’s, the 220,000-square-foot shopping center is also home to tenants such as Ethan Allen, Mattress Firm, Chipotle Mexican Grill, Starbucks and Fidelity Investments. Blake Shanaphy of JLL represented the tenant in the lease negotiations. Michael Gartenberg represented the landlord, New Jersey-based Garden Commercial, on an internal basis.
NEW YORK CITY — Accounting firm Marcum Asia has signed an 8,851-square-foot office lease expansion at 7 Penn Plaza in Midtown Manhattan. The tenant now occupies a total of 14,870 square feet on the eighth floor at the 18-story, 357,000-square-foot building. Steve Kaplan of Norman Bobrow & Co. represented Marcum Asia in the lease negotiations. Andrew Wiener and David Turino represented the landlord, The Feil Organization, on an internal basis.
MIAMI — CP Group has executed 38,731 square feet of leasing activity at Citigroup Center, a 34-story office tower in downtown Miami spanning 810,000 square feet. The deals include six new tenants and two lease renewals, one with an expansion. New tenants coming to the tower include Trion Properties, Lithium Capital Management, Kili Topco Ltd., Marex Solutions, Pisec Group and the Miami Downtown Development Authority. Steven Hurwitz, Doug Okun and Madeline Fine of JLL represented CP Group in the lease transactions. Last month, CP Group leased retail space on the ground level to Cactus Club Café, a restaurant chain based in Canada. Recent capital improvements at Citigroup Center include a new lobby, café, valet service program, new speculative office suites and health and wellness programs for tenants. Four of the new tenants will occupy the tower’s new spec suites.
CBRE|Triad Arranges Four Retail Leases at Irving Park Shops in Greensboro, North Carolina
by John Nelson
GREENSBORO, N.C. — CBRE|Triad has arranged four retail leases at Irving Park Shops, a retail and dining property spanning three buildings in the Piedmont Triad market of Greensboro. The deals include a 3,100-square-foot lease for Dave’s Hot Chicken, which will repurpose the former A Cleaner World building. The restaurant will be the fifth North Carolina location for the fast-casual chain. A Cleaner World, a dry-cleaning operator, will move into a new 1,333-square-foot space within Irving Park Shops at 2105 W. Cornwallis Drive. CycleBar and Armine’s Blow Outs and Bubbles will also occupy the single-story building with 2,030- and 1,362-square-foot locations, respectively. Matt King and Christy Smith of CBRE|Triad represented the landlord, an entity doing business as Irving Park Shops LLC, in the transactions. The duo also handles the marketing responsibilities for the property.
HOUSTON — An undisclosed, New Jersey-based automotive parts distributor has preleased the entirety of Vault Distribution Center, a 185,413-square-foot industrial building under construction in South Houston. The standalone, rear-load warehouse sits on 12 acres and offers 32-foot clear heights, 137 surface parking spaces, 23 trailer parking stalls, 34 loading docks, two drive-in doors and an ESFR sprinkler system. Tyler Maner and Woody Hillyer of Stream Realty Partners represented the landlord, Vault Partners, in the lease negotiations. The tenant representative was not disclosed. Vault Distribution Center is on pace to be completed before the end of the year.
FORT WORTH, TEXAS — Shearer Supply, a wholesaler and distributor of HVAC parts and systems, has signed a 34,340-square-foot industrial lease at Everman Trade Center in Fort Worth. The four-building, 457,745-square-foot development is located on the city’s south side and features 24- to 32-foot clear heights and 130- to 210-foot truck court depths. Ken Wesson of Lee & Associates represented the tenant in the lease negotiations. Matt Carthey and Thomas Grafton of Holt Lunsford Commercial represented the landlord, Boston-based Cabot Properties.
ARLINGTON, TEXAS — Lee & Associates has negotiated a 33,239-square-foot industrial lease in Arlington. According to LoopNet Inc., the property at 2019-2025 Meridian St. was built on 3.4 acres in 1980, totals 71,973 square feet and features 22-foot clear height and 13 exterior dock doors. Mark Graybill and Reed Parker of Lee & Associates represented the landlord, Chicago-based ML Realty Partners, in the lease negotiations. Adam Curran of Cushman & Wakefield represented the tenant, Centurion Service Group, a platform that connects buyers and sellers of medical equipment.