NEW YORK CITY — WeWork has signed a 55,000-square-foot office lease at 245 Fifth Avenue, a 24-story, 316,495-square-foot building in Midtown Manhattan. The space spans four floors, and the lease term is 10 years. Aaron Ellison and Travis Milone of Newmark, along with internal agents Peter Greenspan and Melissa Visoky, represented WeWork in the lease negotiations. Scott Klau, Erik Harris, Zach Weil, Cole Gendels and Ben Klau, also with Newmark, represented the landlord, The Moinian Group.
Leasing Activity
NEW YORK CITY — Cushman & Wakefield has secured a 25,000-square-foot industrial lease near JFK International Airport in Queens. The tenant, pastry producer Pidy Gourmet Inc., 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.
WESTLAND, MICH. — Bargain House Outlet has signed an 8,160-square-foot retail lease at One Michigan Place in Westland, a western suburb of Detroit. The tenant will move into the former Family Dollar space at the Kroger-anchored shopping center. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the landlord, Axiom Properties. The deal was completed within the first week of listing the property for lease.
NEW YORK CITY — Cushman & Wakefield has negotiated a 25,868-square-foot industrial lease near JFK International Airport in Queens. The tenant, logistics provider ECMS Express, is taking 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. Rusty Smith, also with Cushman & Wakefield, represented ECMS Express in the deal.
NEW YORK CITY — The Swedish Institute Inc. has signed a 17,610-square-foot office lease expansion in Manhattan’s Chelsea district. The organization, which specializes in health and wellness education, now occupies 57,678 square feet at 151 W. 26th St. The Swedish Institute also extended its original lease for 40,068 square feet for another 10 years. Mark Weiss of Cushman & Wakefield represented the tenant in the lease negotiations. Max Koeppel represented the landlord, Koeppel Rosen LLC, on an internal basis.
FRANKLIN PARK, ILL. — Worldwide Flight Services (WFS) has signed a full-building, 66,552-square-foot industrial lease at The Cubes at ORD in the Chicago suburb of Franklin Park. The development is located immediately southeast of the O’Hare International Airport at the intersection of Irving Park Road and Seymour Avenue. The recently completed facility features 20 exterior dock doors, two drive-in doors, 11 trailer storage spaces, parking for 70 vehicles and direct access to I-294. Brian Colson and Brian Pomorski of Avison Young represented owner CRG in the lease, while Matt Mulvihill of CBRE represented WFS. CRG integrated partner Lamar Johnson Collaborative designed The Cubes at ORD while parent company Clayco served as general contractor.
EAST CHICAGO, IND. — Hearn Industrial Services has signed a 197,587-square-foot lease at 1200 W. 145th St. in East Chicago. The Missner Group owns the newly developed industrial building. The tenant, a third-party logistics provider supporting Ford Motor Co.’s South Side Chicago plant, will utilize the space for the storage and distribution of parts for automotive manufacturing. The Missner Group is serving as general contractor for the build-out, which includes customized office and warehouse configurations. The 249,600-square-foot building was developed on a speculative basis and is now fully leased.
WEST BLOOMFIELD, MICH. — The Back Nine Golf Simulator has signed a 2,127-square-foot retail lease at Crosswinds Mall in West Bloomfield. Michael Murphy of Gerdom Realty & Investment represented the tenant, which is opening its ninth location in Michigan. Marvin Petrous of Signature Associates represented the undisclosed landlord.
SAN ANTONIO — Project Cowork has signed a 19,060-square-foot office lease in downtown San Antonio. The space covers the second, third and fourth floors at 200 Main, a recently restored historic building that was originally constructed in 1915. Harry Adams and Talaya Frazier of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Aamil Sarfani of Sarfani Commercial Advisors and CEO of Project Cowork, represented the tenant.
ATLANTA — Consulting giant EY has signed a 102,195-square-foot office lease at Ten Twenty Spring, a 525,000-square-foot, Class A office tower in Midtown Atlanta. EY will move approximately 3,000 employees from its current office in downtown Atlanta next August. The company will occupy floors 14 through 16 at Ten Twenty Spring. The office building is part of Spring Quarter, a mixed-use development by Portman that also includes Sora at Spring Quarter apartments and a landmark building that once housed the historic H.M. Patterson & Son Spring Hill Chapel. The historic building has been redeveloped into a 24,000-square-foot retail and dining destination. Glenn Dyke of CBRE represented EY in the lease negotiations. Glenn Kolker, Preston Menning and Malik Leaphart of Stream Realty Partners represented the landlord, Portman and Perform Properties, a Blackstone company.