Thursday, December 4, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Leasing Activity

IndustrialLeasing ActivityNorth CarolinaSoutheast

Trammell Crow Signs Momentec Brands to 755,926 SF Industrial Lease in Kannapolis, North Carolina

by John Nelson

KANNAPOLIS, N.C. — Trammell Crow Co. has signed custom sports uniform manufacturer Momentec Brands to a full-building lease at Metro 63, a 755,926-square-foot distribution center in Kannapolis. Matt Treble, Fermin Deoca and Drew Coholan of Cushman & Wakefield represented Trammell Crow Co. in the lease deal. Bob Rosenthal and Grant Miller of Colliers represented Momentec Brands. Built in late 2022, the 94-acre property is located at 5700 Royce St., about 30 miles north of Charlotte via I-85. The facility, rebranded as The Momentec Customer Success Center, will house 700 employees once fully operational in the first half of 2026. The cross-dock facility features 40-foot clear heights, ESFR fire protection, multiple points of ingress and egress, 190-foot truck courts, 172 trailer drops, 490 auto parking spaces and 10 acres of auxiliary parking. Momentec Brands is consolidating its distribution network, which was spread across six properties in six states in the Southeast and Midwest. Momentec Brands is the result of a merger between Augusta Sportswear Brands and Founder Sport Group. The company is a subsidiary of Platinum Equity.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingCompany NewsDistrict of ColumbiaLeasing ActivityMultifamilySeniors HousingSoutheastStudent Housing

Justice Department, RealPage Settle Lawsuit Over Use of Revenue Management Software in Apartment Rental Pricing

by John Nelson

RICHARDSON, TEXAS AND WASHINGTON, D.C. — The U.S. Justice Department’s Antitrust Division has reached a settlement with RealPage Inc. as part of its ongoing enforcement against algorithmic coordination, information sharing and other anticompetitive practices in rental housing markets across the country, according to details disclosed in a North Carolina federal court on Monday. The proposed consent judgment, which still requires court approval before it can be implemented, would help restore free market competition in rental markets for millions of American renters, the Justice Department stated in a press release. “Competing companies must make independent pricing decisions, and with the rise of algorithmic and artificial intelligence tools, we will remain at the forefront of vigorous antitrust enforcement,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. Headquartered in Richardson, Texas, RealPage is a provider of revenue management software and services for the conventional multifamily rental housing industry. In a civil antitrust claim filed in North Carolina in August 2024, the Justice Department and the attorneys general of eight states alleged that RealPage’s revenue management software relied on nonpublic, competitively sensitive information shared by landlords to set rental prices. The plaintiffs also alleged that RealPage’s software included features designed …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailTexas

Woodmont Co. Negotiates 28,337 SF Retail Lease in Southwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated a 28,337-square-foot retail lease in southwest Fort Worth. The tenant, discount merchandiser Eco Thrift, is backfilling a space formerly occupied by Conn’s HomePlus at 4617 S. Hulen St. Bryan Dyer of Woodmont represented the undisclosed landlord in the lease negotiations. The representative of the tenant was also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLeasing ActivityRestaurantRetailTexas

McDonald’s to Open Restaurant at Shops at Sedona Lakes in Manvel, Texas

by Taylor Williams

MANVEL, TEXAS — McDonald’s will open a new restaurant in Manvel, located south of Houston. The fast food giant has ground-leased a 43,720-square-foot pad site at The Shops at Sedona Lakes from local owner-operator NewQuest. Lara Lee LaMendola represented NewQuest in the negotiations on an internal basis. Greg Stanislawski of The Retail Strategy represented McDonald’s.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Sigma Computing Signs 28,286 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Sigma Computing Inc. has signed an 11-year, 28,286-square-foot office lease expansion in Midtown Manhattan. The AI-driven software company now occupies 92,363 square feet, including the entire third floor, at One Madison Avenue. Brent Ozarowski, Jeffrey Rodgers and Stephen Cisarik of Newmark represented the tenant in the lease negotiations. Paul Glickman, Alexander Chudnoff, Ben Bass and Diana Biasotti of JLL represented the landlord, SL Green.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisIndustrialLeasing ActivityMidwestOffice

Pure Processing Expands, Relocates Headquarters to 29,313 SF Space in Lisle, Illinois  

by Kristin Harlow

LISLE, ILL. — Pure Processing, a developer and manufacturer of ergonomic medical device cleaning solutions, has signed a 29,313-square-foot headquarters lease at 2200 Ogden Ave. in Lisle. The move triples the company’s footprint from its previous location in Carol Stream and consolidates its office, light manufacturing, warehouse and showroom operations under one roof. Pure Processing now occupies more than half of the 59,971-square-foot flex industrial building. Steve Chrastka, Jack Brennan and Connor Dale of NAI Hiffman represented the tenant in the lease transaction, which began with planning and site selection in August 2024 and culminated in the firm’s move on Sept. 2. Pete Adamo of CBRE represented the landlord, Sperry Equities. The space at 2200 Ogden Ave. had more than 9,000 square feet of existing office space. The owner completed a turnkey build-out that included rebuilding and expanding office areas; enlarging breakrooms; and adding conference rooms, restrooms and warehouse space with storage racks and separate production and assembly areas. Construction also included a showroom where Pure Processing can display its sink systems and reprocessing equipment used in hospitals and gastrointestinal labs. Interwork Architects served as the project architect for the build-out, and BLC Construction was the general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
HealthcareIllinoisLeasing ActivityMidwest

Friend Health Opens 15,000 SF Community Health Center in Chicago’s Back of the Yards

by Kristin Harlow

CHICAGO — Friend Health, a federally qualified health center (FQHC) serving Chicago’s South Side, has opened its new Back of the Yards community health center. The opening represents the largest expansion in Friend Health’s nearly three decades of service. Located in the Oppenheimer-Goldblatt Bros. Department Store Building at 4700 S. Ashland Ave., the 15,000-square-foot facility is part of the New City United Yards development. The center has triple the footprint of Friend Health’s former neighborhood site and offers primary care and preventive care. Offerings include adult and pediatric primary care, maternal health and mental health, an onsite pharmacy with discounted prescriptions and a full-service laboratory. The clinic features 21 exam rooms with dedicated spaces for pediatrics, adult medicine, OB-GYN and behavioral health, along with community programming such as insurance enrollment, social services navigation, fresh food giveaways and workforce development through a community health worker training program. Dental care is planned for 2026. Friend Health serves more than 40,000 patients annually across the South Side, with six neighborhood health centers and six HRDI behavioral health clinics. The organization offers care regardless of ability to pay.

Continue Reading
FacebookTwitterLinkedinEmail
From Hype to Readiness AI webinar panel
AcquisitionsFeaturesIndustrialLeasing ActivityLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasVideoWebinarWestern

Webinar: From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI

by Sarah Daniels

The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control.  For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data).  Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailTexas

Karahan Cos. Inks Leases with 10 New Retail Tenants at Fields West in Frisco

by Taylor Williams

FRISCO, TEXAS — The Karahan Cos. has inked leases with 10 new retail tenants at Fields West, a 55-acre mixed-use development in Frisco. The new retailers include Crate & Barrel, Culinary Dropout, Design Within Reach, Face Foundrie, Gorjana, Landry Kate, North Italia, Maman, TravisMathew and U MedSpa. Bloomies, Alo Yoga, Arhaus, Kendra Scott, Pottery Barn, Sephora and Williams Sonoma were previously confirmed at the property, which is now currently 70 percent preleased. SHOP Cos. is the leasing agent for Fields West.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

Renewa Signs 13,051 SF Office Lease in Houston’s Post Oak District

by Taylor Williams

HOUSTON — Renewa has signed a 13,051-square-foot office lease in Houston’s Post Oak district. The provider of renewable energy is taking space at the 421,954-square-foot building at 1980 Post Oak Blvd. J.P. Hutcheson and Amanda Nebel of Cushman & Wakefield represented the landlord, a partnership between Parkway Properties, 3Edgewood and Midway, in the lease negotiations. Brandi Sikes of SVN | J. Beard Real Estate represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts