Leasing Activity

WEST BLOOMFIELD TOWNSHIP, MICH. — Beem Light Sauna has signed a 2,025-square-foot lease to open at The Boardwalk shopping center in West Bloomfield Township, a northwest suburb of Detroit. Michael Murphy of Gerdom Realty & Investment represented the landlord, Beztak Properties. Jacob Farber of Morow Hill represented the tenant, which is a light therapy wellness studio. The lease marks the tenant’s second location in Michigan.

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CoreWeave Lancaster AI Data Center

LANCASTER, PA. — CoreWeave (NASDAQ: CRWV), a New Jersey-based data center owner-operator, plans to invest “more than $6 billion” in a new purpose-built artificial intelligence (AI) data center in Lancaster, about 80 miles west of Philadelphia. CoreWeave plans to lease the site, which will be co-developed by Chirisa Technology Parks and Machine Investment Group. Located at 216 Greenfield Rd. and 1375 Harrisburg Pike, the Lancaster facility will replace the former LSC Communications and R.R. Donnelley printing plants, which comprises a combined 1.5 million square feet of industrial space across 144 acres, according to Lancaster Online. The data center will have the capacity to consume 100 megawatts (MW) of power, with the potential to expand to 300 MW, representing one of the first large-scale data centers of its kind in the region, according to CoreWeave. CoreWeave’s announcement came during the CEO roundtable with President Donald Trump at Senator Dave McCormick’s inaugural Pennsylvania Energy and Innovation Summit, hosted at Carnegie Mellon University in Pittsburgh. “This Energy and Innovation Summit is a powerful testament to Pennsylvania’s readiness and ability to lead — to generate thousands of good-paying jobs, to unleash our incredible energy resources and to power the next AI and economic revolution, further …

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RESTON, VA. — Whole Foods Market plans to open a new 46,711-square-foot grocery store at 1861 Fountain Drive in Reston on Wednesday, Aug. 6. The new store will be adjacent to Reston Town Center and is a relocation of an existing Whole Foods store at 11660 Plaza America Drive, which has served the Reston community since 1996. The new store is nearly double the square footage of the original store and will feature expanded café seating and a full-service coffee bar, among other departments. The new Whole Foods is backfilling a former Best Buy store that closed in 2020 within Spectrum at Reston Town Center, according to FFX Now. Lerner Enterprises owns and manages the 270,000-square-foot shopping center, whose tenants include Harris Teeter, The Container Store, Barnes & Noble and Cava.

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FORT WORTH, TEXAS — Pottery Barn and West Elm will both open stores totaling 22,126 square feet at Westbend, a 281,000-square-foot mixed-use development located in southwest Fort Worth. Both home furnishings retailers are backfilling a former Market by Macy’s space and are targeting May 2026 openings. Trademark owns Westbend, the retail component of which is now fully leased.

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BAYONNE, N.J. — TWTH Express has signed a 255,069-square-foot industrial lease in the Northern New Jersey community of Bayonne. The California-based freight and logistics company is taking space at Bayonne Distribution Center, a three-building, 613,129-square-foot industrial complex that includes 2.3 acres of industrial outdoor storage space. Chris Okada of Okada & Co. and Emanuel Westfried of Two Bins Capital represented the tenant in the lease negotiations. Russell Verducci of NAI James E. Hanson represented the landlord, Turnbridge Equities, which acquired the property earlier this year and recently launched a $12 million repositioning program.

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reva-fort-meyers

FORT MEYERS, FLA. — Global City Development and Gilu Development have begun welcoming residents to Reva, a 255-unit luxury apartment community located in Fort Meyers. Situated on Crystal Drive and Six Mile Cypress Parkway, the complex features a mix of one-, two- and three-bedroom floorplans ranging in size from 786 square feet to 1,690 square feet. Reva also offers three-bedroom villas with two-car garages and a private driveway. Rental rates begin at $1,700 for a one-bedroom unit. The community is anchored by a two-story, 6,200-square-foot clubhouse overlooking a private lake, with additional amenities including a swimming pool, fitness center with open-air workout spaces, meditation area, coworking areas with Zoom studios, event room, package lockers, onsite management and a convenience store located inside the clubhouse. Additionally, the community is offering a $1,000 bonus to “hometown heroes,” such as medical professionals, policemen and firefighters.

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WAYNE, PA. — Cardiology Consultants of Philadelphia will open a 13,100-square-foot ambulatory surgery center in Wayne, located northwest of the city. The company will build out and operate the facility in partnership with Cardiovascular Logistics, SCA Health and Penn Medicine. Paul Rogers and Charlie Rogers of Colliers represented the cardiology group in its site selection and lease negotiations. The opening is slated for the end of the year.

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LISLE, ILL. — NAI Hiffman has negotiated three leases totaling 15,642 square feet at 2200 Cabot Drive, a renovated office building within the Corporate Lakes office park in Lisle. Agriculture company Syngenta signed a 13,381-square-foot lease at the five-story building. Prior to the pandemic, Syngenta occupied space in Downers Grove. Additionally, Bethany Christian Services inked a 1,217-square-foot lease, and Retirement Solutions leased 1,044 square feet. Patrick Kiefer of NAI Hiffman represented building owner RE Development Solutions in all three deals. The property is now 70 percent leased. RE Development Solutions acquired the building in November 2019 when it was 5 percent occupied. Ownership has completed extensive renovations, including a redesigned lobby, updated first floor and fifth-floor amenity suite, onsite deli, exterior monument signage, a conference room, updated corridors and washrooms and new mechanical systems. The building offers spec suites to meet demand from small and midsize companies seeking turnkey space.

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HOUSTON — World Emblem has signed a 72,000-square-foot industrial lease in northwest Houston. The Florida-based patch and insignia manufacturer is relocating and expanding from a nearby, 35,000-square-foot space to the building at 6740 Signat Drive. About 140 employees will work at the plant to start, and the company plans to reshore 50 jobs and add up to 100 additional staff at the facility, which will initially produce up to 500,000 emblems and patches per week. No third-party brokers were involved in the lease negotiations.

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CARROLLTON, TEXAS — FireTron Inc. has renewed its 15,486-square-foot lease at an industrial flex property in the northern Dallas metro of Carrollton. The provider of fire protection equipment will remain at Avion Business Center, which according to LoopNet Inc. was built in 1984 and totals 24,944 square feet. Jason Finch of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Tyler Maner and Will Mason of Stream Realty Partners represented the tenant.

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