Leasing Activity

501-Holfords-Prairie-Road-Lewisville

LEWISVILLE, TEXAS — Lee & Associates has negotiated a 176,182-square-foot industrial lease at 501 Holfords Prairie Road in the northern Dallas suburb of Lewisville. The deal is for the entirety of the space within the newly constructed Building F, which was built on a speculative basis within First Park 121, a 1.2 million-square-foot development. Mark Graybill and Adam Graham of Lee & Associates represented the landlord, Chicago-based First Industrial Realty Trust, in the lease negotiations. Jay Benner of Cushman & Wakefield represented the tenant, IEWC Corp., a Wisconsin-based provider of wire and cabling products.

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HOUSTON — Jiffy Lube has signed a 28,000-square-foot office headquarters lease in West Houston. The automotive services retailer, which was recently sold by Shell Oil to Monomoy Capital Partners, is relocating from the Shell Woodcreek campus to the  327,040-square-foot Westway Plaza. Lucian Bukowski of Stream Realty Partners represented Jiffy Lube in the lease negotiations. Brad Beasley and Chip Colvill of Partners Real Estate represented the undisclosed landlord.

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1-Corporate-Drive-Andover-Massachusetts

ANDOVER, MASS. — AdvanCell has signed a 128,000-square-foot life sciences lease in the northern Boston suburb of Andover. The clinical-stage radiopharmaceutical company will occupy the entirety of the building at 1 Corporate Drive, which is located within Innovation Park, a 340,000-square-foot development. The deal brings Phase II of Innovation Park, which is owned by life sciences REIT IQHQ, to full occupancy. Information on third-party brokers who were involved in the lease negotiations was not disclosed.

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NRG-Adventure-Park-Paramus-New-Jersey

PARAMUS, N.J. — NRG Adventure Park will open a 59,000-square-foot entertainment venue in the Northern New Jersey community of Paramus. The space is located above a 100,000-square-foot grocery store at Paramus Park South shopping center and will house a ropes course, trampolines, a climbing wall and virtual-reality games. Jamie Sackheim of TSCG represented the landlord, a joint venture led by Heidenberg Properties Group, in the lease negotiations. Jerry Welkis and Stephan Miller of Welco Realty represented NRG.

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STAFFORD, VA. — JE Richards, an electrical components manufacturer serving the data center industry, has signed a full-building lease at Capitol Logistics 95, a nearly 935,000-square-foot industrial building in Stafford. The property is located at 211 Centreport Parkway near I-95. John Dettleff led the JLL team representing the landlord, Flint Development, in the lease negotiations. Michael DiMeglio and Michael Isen of NAI Michael represented JE Richards, which plans to employ roughly 500 staffers at the facility at full capacity.

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HOUSTON — Superior Energy Services has signed a 56,256-square-foot office headquarters lease in West Houston. The oilfield services company is relocating from 1001 Louisiana in downtown Houston to the 13-story, 225,024-square-foot building at 8020 Katy Freeway. David Guion and Lucian Bukowski of Stream Realty Partners represented Superior in the lease negotiations. Eric Anderson and John Heard of Transwestern represented the landlord. A timeline for occupancy was also not announced.

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MCKINNEY, TEXAS — Lee & Associates has negotiated a 28,212-square-foot industrial lease in the northern Dallas suburb of McKinney. The building at 320 Wilmeth Road is part of McKinney Trade Center, a 22.5-acre development that houses four buildings that range in size from 95,840 to 171,398 square feet. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods, in the lease negotiations. Adam Graham and Ken Wesson, also with Lee & Associates, represented the landlord, ML Realty Partners.

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NEW YORK CITY — Fenwick & West has signed an 18,200-square-foot office lease expansion in Manhattan’s Flatiron District. The expanded space covers the entire 13th floor at 902 Broadway, and the law firm now occupies 72,800 square feet across four floors at the building, which was originally constructed in 1911. David Kleinhandler and Ken Rapp of CBRE represented Fenwick & West in the lease negotiations. The landlord, Koeppel Rosen, was self-represented.

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CHICAGO — Coworking concept Switchyards has inked two leases for additional locations in Chicago. JLL brokered both deals. Sarah Silva and Nicole Becker of JLL represented Switchyards and landlord Range Group in two simultaneous transactions — 2440 N. Lincoln Ave. in Lincoln Park and 1046 W. Kinzie St. in Fulton Market. Both clubs are scheduled to open Monday, Oct. 26.

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NEW YORK CITY — The New York City School Construction Authority (SCA) will open a 54,245-square-foot STEAM (Science, Technology, Engineering, Arts & Mathematics) school in The Bronx. The space will span two floors within Hutchinson Metro Center, a 361,857-square-foot mixed-use property in the borough’s Morris Park area that is owned by Simone Development Cos. The school is currently operating within a temporary space on Mercy University’s Bronx campus, serving about 100 students from local high schools.

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