NEW YORK CITY — Everest Group (NYSE: EG), a provider of property and specialty insurance products, has signed a 66,444-square-foot office lease at 1155 Avenue of the Americas in Midtown Manhattan. The lease term is 15 years, and the deal brings the 42-story building to 93 percent occupancy. Eric Deutsch and Jared Freede of CBRE represented the tenant in the lease negotiations. Tom Bow, Rocco Romeo and Nora Caliban internally represented the landlord, The Durst Organization, which recently completed a $130 million renovation of the property.
CENTER VALLEY, PA. — Five Guys Burgers & Fries will open a 2,407-square-foot restaurant at Promenade Saucon Valley in Center Valley, an unincorporated area located about 50 miles north of Philadelphia. The center was formerly known as The Promenade Shops at Saucon Valley. Scheduled to open this fall, the restaurant will be situated between the stores of European Wax Center and uBreakiFix. Five Guys’ portfolio currently includes more than 1,700 restaurants globally.
HOUSTON — Dow Jones has opened a 10,890-square-foot office at Town Centre One in West Houston. The space will serve as the hub for chemical markets analysis and will feature 64 workstations, nine meeting rooms and a collaborative breakout space. Shannon Unsicker and Brian Sapp of Fischer Corporate Real Estate represented Dow Jones in its site selection and lease negotiations. The opening is slated for this summer. The Instant Group handled the build-out of the space.
PFLUGERVILLE, TEXAS — Daiso has signed an 8,500-square-foot retail lease at Stone Hill Town Center in the northern Austin suburb of Pflugerville. The Japanese retailer of household and kitchenware products is backfilling a space formerly occupied by Kirkland’s Home and is targeting a fourth-quarter opening. Scott Espensen of Venture Commercial Real Estate represented Daiso in the lease negotiations. Houston-based NewQuest Properties owns Stone Hill Town Center.
NORWOOD, N.J. — Locally based brokerage firm Resource Realty has arranged a 71,870-square-foot industrial lease in the Northern New Jersey community of Norwood. Alfred Sanzari Enterprises owns the 111,300-square-foot building at 335 Chestnut St., which sits on six acres within Norwood Industrial Park and has 11 loading docks. Dan Whitehead of Resource Realty negotiated the deal on behalf of the tenant, footwear products manufacturer OrthoFeet Inc.
FREDERICK, MD. — St. John Properties has signed a lease extension and expansion with Precision for Medicine at Riverside Tech Park, a 70-acre business and research and development (R&D) property in Frederick. Precision for Medicine, a clinical research organization, has occupied space at the park since 2006. Precision for Medicine currently occupies 75,000 square feet at 8425 Precision Way. With the new agreement, the tenant will occupy an additional 41,040 square feet at 8440 Broadband Drive, a new 52,080-square-foot flex R&D building at the development, utilizing the building for office and laboratory space. St. John Properties recently completed construction at Riverside Tech Park, which comprises more than 750,000 square feet across 14 buildings. The development is located adjacent to the National Cancer Institute (NCI) and is within a mile of the Frederick Municipal Airport.
NASHVILLE, TENN. — Video game developer Iron Galaxy Studios has signed a 25,000-square-foot office lease at 333 Commerce in Nashville. The company, which has studios in Chicago and Orlando, will be relocating from UBS Tower, where it occupied space on a temporary basis. Kevin Ziomek, Corey Siegrist and Jim Rose of JLL represented the tenant in the lease negotiations. Amenities at the building include an 8,000-square-foot fitness center, outdoor courtyards and recently renovated lobby and common areas.
Ashkenazy Acquisition Corp. Welcomes New Tenants to Shopping Center in New York’s Westchester County
WESTCHESTER, N.Y. — New York City-based owner-operator Ashkenazy Acquisition Corp. has welcomed new tenants to Vernon Hills Village in Westchester County, located north of New York City. New tenants at Vernon Hills Village include Nike, Sephora, Lululemon, Pottery Barn, Ever/Body, Sweetgreen, Serafina and Starbucks. The center is now fully leased.
GREENWICH, CONN. — Financial services firm Kensico Capital Management has signed an 11,016-square-foot office lease at 55 Railroad Ave., a 139,000-square-foot building in the southern coastal Connecticut city of Greenwich. According to LoopNet Inc., the property was built in 1975 and renovated in 2006. Jay Hruska of Cushman & Wakefield represented the landlord, an affiliate of Houston-based Hines, in the lease negotiations. Ed Tonnessen of JLL represented the tenant.
TEANECK, N.J. — Columbia University Irving Medical Center will open a 4,283-square-foot surgical outpatient center in the Northern New Jersey community of Teaneck. The clinic will be located within the 670,000-square-foot, four-building Glenpointe mixed-use campus. Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson of Newmark represented the landlord, Alfred Sanzari Enterprises, in the lease negotiations. Gerry Lees and Jeffrey Prezant of Cushman & Wakefield represented the tenant.