NEW YORK CITY — Kinderhook Industries has signed an office lease expansion at 505 Fifth Avenue in Midtown Manhattan. The private investment firm inked a 10-year deal for the entire 24th floor, which brings its footprint at the 26-story building to 21,752 square feet across two full floors. Paul Glickman, Diana Biasotti and Harrison Potter of JLL represented the landlord, Stawski Partners, in the lease negotiation. Alexander Chudnoff and Kate Roush, also with JLL, represented Kinderhook Industries.
BELLINGHAM, MASS. — New England Appliance Group has signed a 124,000-square-foot industrial lease in Bellingham, located southwest of Boston. The independent retailer cooperative will occupy the entirety of the building at 206 Mechanic St. Locally based investment and development firm Marcus Partners owns the building. Both parties were self-represented in the lease negotiations.
EDINA, MINN. — Cushman & Wakefield has negotiated several new long-term leases totaling more than 150,000 square feet at Southdale Office Centre, a six-building campus along France Avenue in the Twin Cities suburb of Edina. First-time tenant Southdale Pediatrics inked a lease for 38,306 square feet at 6600 France Avenue, a specialty medical outpatient property that recently underwent major renovations to the first- and second-floor lobbies and common areas. Edina Realty signed a lease renewal for 38,676 square feet at 6800 France Avenue, and Evereve doubled its footprint to 41,113 square feet. Several other companies have also recently signed new leases or renewals. Bill Rothstein and Eric King of Cushman & Wakefield represented property ownership, Wildamere Capital Management and Olympus Ventures.
Vulcan Elements Signs Full-Building Industrial Lease at CrossPoint Logistics Center in Metro Raleigh
BENSON, N.C. — Vulcan Elements, a rare earth magnet manufacturer, has signed a full-building lease at CrossPoint Logistics Center, a speculative industrial facility in the south Raleigh suburb of Benson. The developer, Edgewater Ventures, broke ground on the facility in 2022. Vulcan Elements plans to expand the current 501,215-square-foot facility to more than 1 million square feet and create 1,000 new jobs. CrossPoint Logistics Center is the largest speculative industrial facility ever constructed within the Raleigh-Durham MSA, according to Edgewater Ventures. Ed Brown of NAI Tri Properties and Anna Lea Stroud of A. Stroud & Co. represented Vulcan Elements in the lease transaction. Al Williams, Matthew Greer, Lee Allen and Diane Jones of JLL represented Edgewater Ventures.
BROOKSHIRE, TEXAS — Stream Realty Partners has secured a 101,678-square-foot industrial lease in Brookshire, a western suburb of Houston. According to LoopNet Inc., the building at 4006 Westport Drive is located within Kingsland Ranch Logistics Park. Abraham Richardson of Stream, along with Alex Zhang of TopSky Commercial, represented the tenant, Mars Shipping Service, in the lease negotiations. Cape Bell, Billy Gold, Joseph Smith and Savannah Smith of CBRE represented the undisclosed landlord.
MCKINNEY, TEXAS — Elliott Electric Supply has signed a 23,538-square-foot industrial lease in McKinney, located north of Dallas. The space is located within Building A at McKinney Commerce Center, a three-building, 319,347-square-foot development that is currently under construction. Brett Lewis and Taylor Stell of Lee & Associates represented the landlord, New York City-based Rockefeller Group, in the lease negotiations. Nick Lee of NAI Robert Lynn represented Elliott Electric Supply.
FRANKLIN, N.J. — Bounce Air Adventure Park will open a 21,000-square-foot entertainment venue in the Northern New Jersey community of Franklin. The space is located within the 268,000-square-foot Rutgers Plaza shopping center and will feature a ropes course, climbing structures, obstacle course, mini basketball court and a jungle gym with slides. Robert Elbaz of Sholom & Zuckerbrot Realty represented Bounce Air in the lease negotiations. Levin Management Corp. leases and manages Rutgers Plaza.
NEW YORK CITY — Sierra, an AI-driven customer service platform, has signed a 14,563-square-foot, full-floor office lease at 375 West Broadway in Manhattan’s SoHo neighborhood. The deal keeps the 76,605-square-foot building, which was originally constructed in 1863 and is currently being renovated, at full occupancy. Brett Harvey of Newmark represented the landlord, Manova Partners, in the lease negotiations. Jeff Fischer and Connor Krup of CBRE represented Sierra.
RESTON, VA. — Comstock Holding Cos. Inc. has inked two office leases with Booz Allen Hamilton at two adjacent office towers within Reston Station, a 90-acre, transit-oriented mixed-use development in the Washington, D.C., suburb of Reston. Reston Station will now be the corporate headquarters for the global technology and consulting firm, which will fully occupy the nearly finished office building at 1870 Reston Row Plaza and multiple floors within the adjacent office building at 1800 Reston Row Plaza, which was recently delivered. The two leases combine for more than 310,000 square feet and include the enclosed bridge that will connect the two office towers on the seventh floor. The design team for 1800 and 1870 Reston Row Plaza included HKS Architects and Michael Graves Architecture. The two LEED Silver office towers are situated in The Row at Reston Station, the second of five planned phases of Comstock’s Reston Station development, which also houses offices for Google, ICF International, CARFAX, Spotify, Qualtrics International and Rolls-Royce of America, among other companies.
METAIRIE, LA. — The Feil Organization has signed Navy Federal Credit Union to a 3,300-square-foot retail lease at 3506. N. Causeway Blvd. in Metairie, about eight miles northwest of New Orleans. The new retail bank branch will sit adjacent to Causeway Plaza, an office building owned by Feil. Kirsten Early of SRSA Commercial Real Estate represented the tenant in the 10-year lease deal. Colette Wharton and Katina Spera represented Feil on an internal basis. Feil expects construction on the Navy Federal Credit Union branch to finish in fall 2026.