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Leasing Activity

Leasing ActivityMidwestMinnesotaOffice

Meyer Borgman Johnson Signs Full-Floor Office Lease at RSM Plaza in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Meyer Borgman Johnson has signed a long-term office lease to occupy the 20th floor of RSM Plaza in Minneapolis. The multi-specialty structural design practice plans to move its corporate headquarters into the 12,277-square-foot space on June 1. Trinette Wacker and Reed Christianson of Transwestern Real Estate Services represented the owner, Golub & Co. Jeffrey LaFavre and Zach Synstegaard of IAG Commercial represented the tenant, which maintains seven offices across the U.S. and is relocating from 510 Marquette Ave. RSM Plaza, a 416,000-square-foot office tower, underwent a $10 million renovation in 2018 that revitalized the lobby and added amenities such has The Perch Lounge, The Pocket Park and conferencing and collaborative meeting spaces. The property is home to 801 Chophouse and 8th Street Grill & Taphouse.

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Leasing ActivityMixed-UseNorth CarolinaOfficeRetailSoutheast

One Alliance Brings 32,936 SF Johnsbury Square Mixed-Use Property in Metro Charlotte to Full Occupancy

by John Nelson

CORNELIUS, N.C. — One Alliance Cos. has fully leased Johnsbury Square, a mixed-use property located at 19901-19905 W. Catawba Ave. in Cornelius, about 20 miles north of Charlotte. RE/Max Executive leased the last remaining office suite at Johnsbury Square. Kasandra Brew Blum represented the landlord on an internal basis. Existing tenants include Fusion Bowl, FitFast20, Apotheca Canabis Dispensary and Coffee Republic & Bakery, among others.

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1065-Link-Anaheim-CA
CivicDistrict of ColumbiaLeasing ActivityOfficeSoutheast

Easterly Government ‘Remains Committed’ to Public-Private Partnership With Federal Government Amid DOGE Activity

by John Nelson

WASHINGTON, D.C. — Easterly Government Properties (NYSE: DEA), an office REIT that owns assets leased to the U.S. government and affiliates, has released its fourth-quarter 2024 results. The company exceeded its initial full-year guidance and achieved results at the upper end of raised guidance, with a net income of $20.6 million. In 2024 alone, Easterly purchased 10 properties either solely or in joint venture arrangements totaling $230 million. The company also expanded its investment strategy to include office properties leased to private sector government contractors and reduced its total portfolio energy consumption by 4 percent year-over-year.  “We are pleased with the position of our portfolio,” said Darrell Crate, president and CEO of Easterly. Easterly has been directly affected by the recent activities of the Department of Government Efficiency (DOGE), a newly created federal department championed by Elon Musk, owner of Tesla, X (formerly Twitter) and SpaceX. According to multiple media outlets, DOGE has announced that it has terminated 2.3 million square feet of federal office leases and saved $145 million. DOGE is now targeting the termination or consolidation of nearly 100 more leases at government offices in several markets, most notably in the nation’s capital, according to The Wall Street Journal. …

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Leasing ActivityMidwestMissouriOffice

Three New Tenants Sign Leases at 22-Story Office Tower in Downtown St. Louis

by Kristin Harlow

ST. LOUIS — Three new tenants have signed leases at 500 N. Broadway, a 22-story office tower in downtown St. Louis totaling 416,777 square feet. St. Louis-based engineering consulting firm EDM signed a 9,430-square-foot lease to establish a new and upgraded workspace on the 12th floor. Newly formed law firm Moore, Skelton, Lindsey LLC signed a 2,543-square-foot lease and moved into its inaugural space on the 16th floor this month. Jovick Brothers, a fast casual restaurateur, inked an 1,800-square-foot lease on the ground floor. Operations for its first café began in the fourth quarter of 2024. CBRE’s Rick Messey represented the landlord in the leases. The property has undergone several renovations, including an updated lobby and common area finishes, a new larger conference facility and kitchen, full-service fitness room with new showers, lockers and equipment, a spin studio with elliptical equipment and spin bikes, and a micro-mart.

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DevelopmentFloridaIndustrialLeasing ActivitySoutheast

Merritt Properties Fully Leases Phase II of Imeson Landing Business Park in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Merritt Properties has fully leased the second phase of Imeson Landing Business Park, an industrial park in Jacksonville that will span nearly 400,000 square feet upon completion. The first two phases of Imeson Landing house 24 tenants whose spaces range from 3,000 to 30,000 square feet in size. Merritt is planning to soon launch Phase III, which will add 120,000 square feet of new industrial space to the park along Zoo Parkway.

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FloridaLeasing ActivityOfficeSoutheast

Blanca CRE Arranges 51,484 SF Office Lease in Miami for Verizon

by John Nelson

MIAMI — Blanca Commercial Real Estate (Blanca CRE) has arranged a 51,484-square-foot office lease for Verizon in Miami. Juan Ruiz, Andres del Corral, Jack Davidson, Tere Blanca and Jessy Aguila of Blanca CRE represented the property’s ownership, a joint venture between Nuveen Real Estate and PIMCO Prime Real Estate, which acts on behalf of Allianz insurance companies. John Marshall and Josh Kuriloff of Cushman & Wakefield represented Verizon in the lease negotiations. Verizon’s new space will be situated within Waterford Business District, a 250-acre campus that comprises more than 3 million square feet of office space.

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DevelopmentLeasing ActivityRetailTexas

Home Depot to Open 105,000 SF Store in Celina, Texas

by Taylor Williams

CELINA, TEXAS — The Home Depot (NYSE: HD) will open a new, 105,000-square-foot store in the North Texas city of Celina. The address was not disclosed, but local news outlet WFAA reports that the store will be located at the northwest corner of Ownsby Parkway and Preston Road, across from a future Lowe’s Home Improvement store and next to a planned Costco. The Atlanta-based home improvement retailer expects to obtain a certificate of occupancy by the end of July 2026 and to commence operations shortly thereafter.

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Leasing ActivityRetailTexas

Poag Development Welcomes Four New Tenants to Metro Dallas Retail Center

by Taylor Williams

HIGHLAND VILLAGE, TEXAS — Poag Development Group has welcomed four new tenants to The Shops at Highland Village, a retail center located about 15 miles north of Dallas-Fort Worth International Airport. The tenants — Aspen Gift House (2,784 square feet), Woof Gang Bakery & Grooming (1,965 square feet), Drybar (1,429 square feet) and iCRYO (2,587 square feet) — all plan to open this spring. JLL leases The Shops at Highland Village on behalf of Memphis-based Poag.

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IllinoisIndustrialLeasing ActivityMidwest

Nonprofit David C. Cook Leases 152,014 SF of Industrial Space in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — David C. Cook, a 150-year-old nonprofit Christian ministry dedicated to equipping the global church with printed and digital resources, music and media, has leased 152,014 square feet of industrial space at 1700 Madeline Lane in Elgin. The space will serve as the main distribution center for the organization’s books and curricula divisions. David C. Cook, which got its start in the Chicagoland area and has had a presence in Elgin since the 1880s, is relocating within the submarket. The nonprofit is the anchor tenant in Seefried Industrial Properties’ recently completed speculative building, with 168,932 square feet available for lease. The property is strategically located along Chicago’s I-90 industrial corridor and features a clear height of 32 feet. John Hamilton of CBRE represented the tenant. Doug Pilcher and Jason West of Cushman & Wakefield represented the landlord, a joint venture between Seefried and a U.S.-based family office.

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Leasing ActivityNew JerseyNortheastOffice

Kelley Drye & Warren LLP Signs 17,260 SF Office Lease in Madison, New Jersey

by Taylor Williams

MADISON, N.J. — Kelley Drye & Warren LLP has signed a 17,260-square-foot office lease in the Northern New Jersey community of Madison. The law firm is relocating from nearby Parsippany to Giralda Farms, a 1.3 million-square-foot corporate campus. Nick Savage and Greg Barkan of CBRE represented the tenant in the lease negotiations. Joshua Cohen and Bill Brown of Cushman & Wakefield represented the landlord, a partnership between Bergman Real Estate Group and Eightfold Real Estate Capital.

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