Leasing Activity

Marcus & Millichap Brokers $4.9M Sale-Leaseback of Office Building in Metro Birmingham

by John Nelson September 6, 2023

HOOVER, ALA. — Marcus & Millichap has brokered the $4.9 million sale-leaseback of 5 Inverness Center Parkway, a 15,851-square-foot office building in Hoover. Built in 2005, the three-story office building was fully leased at the time of sale to eQRP Inc., a self-directed 401k company. The property features common areas, conference rooms, a fitness center and a podcast studio. The tenant, an entity doing business as Fuden LLC, sold the property to Wakefield Enterprises LLC and leased the property back. Brian Higdon and Nick Neuroth of Marcus & Millichap’s Birmingham office represented the seller in the transaction.

September 6, 2023

Leasing Activity Midwest Restaurant Retail Wisconsin

Tap-In Golf Bar Leases 6,776 SF at Silvernail Plaza in Waukesha, Wisconsin

by Kristin Harlow September 6, 2023

WAUKESHA, WIS. — Tap-In Golf Bar has leased 6,776 square feet of retail space at Silvernail Plaza in the Milwaukee suburb of Waukesha. The property is located at 2100 Silvernail Road. Emily Smits and Scott Satula of Mid-America Real Estate represented the landlord, Waukesha Retail LLC.

September 6, 2023

Georgia Leasing Activity Retail Southeast

Terra Alma Begins Leasing 11,000 SF of Retail Space at EmmaJames at Savannah Harbor

by Hayden Spiess September 5, 2023

SAVANNAH, GA. — Terra Alma has begun leasing the retail space at a master-planned development currently underway in Savannah. Totaling 11,000 square feet, the space is situated within the EmmaJames at Savannah Harbor property along the Savannah River on Hutchinson Island, which also features apartments and townhomes. Amenities at the development will include a marina and outdoor concert theater. An undisclosed seafood concept has signed the first retail lease.

September 5, 2023

Leasing Activity North Carolina Office Southeast

Trinity Partners Arranges Office Leases Totaling 20,000 SF at One South in Uptown Charlotte

by Hayden Spiess September 5, 2023

CHARLOTTE, N.C. — Trinity Partners has arranged leases totaling 20,000 square feet at One South, a 40-story office tower located in Uptown Charlotte. Law firm Fox Rothschild LLP will occupy 9,371 square feet on the 17th floor of the property, with an undisclosed bank tenant occupying 10,834 square feet on the 18th floor. The property features a 22,000-square-foot amenity space on the third floor, dubbed Three. Spencer Hawkins, Diana Williams and John Moore of CBRE represented Fox Rothschild in the leasing negotiations. Tourmaline Capital Partners and Monarch Alternative Capital are the owners and landlords of One South.

September 5, 2023

Florida Leasing Activity Office Southeast

Alvarez & Marsal Capital Signs Lease at 12-Story Office Development in West Palm Beach

by Hayden Spiess September 5, 2023

WEST PALM BEACH, FLA. — Alvarez & Marsal Capital (AMC) has signed a lease at 300 Banyan, a 12-story office development currently under construction in West Palm Beach. Situated within Brand Atlantic and Wheelock Street Capital’s Banyan & Olive development, the property includes six floors of office space, as well as an 8,000-square-foot restaurant and six-story parking garage. The building features 20,000-square-foot floor plates with shaded private terraces on every other floor, floor-to-ceiling glass and ceiling heights of over 13 feet. Amenities at the building include an indoor-outdoor gym, loggia and lounge and golf simulator lounge.

September 5, 2023

Illinois Industrial Leasing Activity Lee & Associates Midwest

Alive Telecom Signs 74,978 SF Industrial Lease in University Park, Illinois

by Kristin Harlow September 5, 2023

UNIVERSITY PARK, ILL. — Alive Telecom has signed a 74,978-square-foot industrial lease at 500 Crossing Drive in the Chicago suburb of University Park. The 150,000-square-foot building, constructed in 2006, is now fully leased. Brian Vanosky, Michael O’Leary and Dylan Maher of Lee & Associates represented the landlord, Mapletree. Jeff Galante of Lee & Associates represented the tenant, which is a global supplier of equipment, systems and services for the communications market.

September 5, 2023

Leasing Activity Midwest Office Ohio

Workbox Opens New Coworking Location in Columbus, Ohio

by Kristin Harlow September 5, 2023

COLUMBUS, OHIO — Coworking operator Workbox has opened a new location at 875 N. High St. in Columbus. Workbox’s seventh location and first in Columbus is situated at The Sutton building in the city’s Short North Arts District. Workbox is assuming operations of the space formerly managed by another coworking operator. Amenities for members include a large open kitchen, outdoor terrace, weekly food and networking offerings, multiple lounge areas, private conference rooms and phone booths. The location features over 95 office spaces, with private offices ranging from one to 10 desks. There are also floating membership and reserved desk options for those looking for individual plans. Membership pricing starts at $250 per month.

September 5, 2023

Leasing Activity Michigan Midwest Office

CBRE Relocates Grand Rapids Office, Expands Footprint

by Kristin Harlow September 5, 2023

GRAND RAPIDS, MICH. — CBRE has relocated its Grand Rapids office from 634 Front Ave. to 200 Ottawa Ave. The brokerage has expanded its footprint from 1,444 square feet to 4,350 square feet. The new space in the central business district features conference rooms and free-address seating — where no employee has a dedicated desk or private office.

September 5, 2023

Leasing Activity Office Texas

RobotLAB Signs 26,000 SF Office Lease in Southlake, Texas

by Taylor Williams September 5, 2023

SOUTHLAKE, TEXAS — RobotLAB Inc., an educational technology company that manufactures robotics and virtual reality products, has signed a 26,000-square-foot office lease in Southlake, a northern suburb of Fort Worth. The tenant is taking space at the 380,000-square-foot VariSpace Southlake facility, which offers an array of flexible workspace options. Chris Taylor, Johnny Johnson and Zach Bean of Cushman & Wakefield represented the landlord, VariSpace, in the lease negotiations. Eric Cannon of Silver Tree Management represented RobotLAB.

September 5, 2023

Industrial Leasing Activity Texas

UMOJA Supply Chain Solutions Signs 176,152 SF Industrial Lease in North Houston

by Taylor Williams September 1, 2023

HOUSTON — UMOJA Supply Chain Solutions has signed a 176,152-square-foot industrial lease at Rankin 45 Distribution Center in North Houston. The cross-dock building features 32-foot clear heights, an ESFR sprinkler system, four drive-up ramps and parking for 259 cars and 23 trailers. Geoff Perrott and Jeff Venghaus of JLL, along with Matt Knafel with KWILL Advisors, represented UMOJA Supply Chain Solutions in the lease negotiations. Joseph Smith and Faron Wiley of CBRE represented the landlord, a joint venture between Trammell Crow Co. and Clarion Partners.

September 1, 2023

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