Leasing Activity

Marathon Electric Inks 233,618 SF Industrial Lease Near Indianapolis International Airport

by Kristin Harlow June 28, 2024

PLAINFIELD, IND. — Marathon Electric LLC has signed a full-building industrial lease totaling 233,618 square feet at Terminus at Hobbs Station in the Indianapolis suburb of Plainfield. The owner and developer, Chicago-based HSA Commercial Real Estate, recently completed the two-building speculative development near the Indianapolis International Airport. The 497,540-square-foot project is now 45 percent leased. Marathon Electric expects to take occupancy in September following an interior build-out. The manufacturer of motors and generators will use most of the space for warehousing and distribution. The building features a clear height of 32 feet, 36 dock doors, three drive-in doors, 163 car parking spots and 48 trailer parking stalls. The adjacent building, which is still available for lease, spans 263,922 square feet. Andrea Hopper of Colliers represented ownership in the lease with Marathon Electric. Jimmy Cohoat and Darren Ross of Colliers represented the tenant.

June 28, 2024

Illinois Leasing Activity Midwest Office

R.M. Chin & Associates Signs 15,473 SF Office Lease in Chicago

by Kristin Harlow June 28, 2024

CHICAGO — R.M. Chin & Associates has signed a 15,473-square-foot office lease at the newly renovated Canal Station building at 801 S. Canal St. in Chicago. The tenant represents clients in the aviation, buildings and transportation environments with program management, project management, construction management, and design and public involvement services. The lease marks the first at the property. Bill Sheehy and Brady Wolfe of CBRE represented the tenant, while Jeff Dowdell and Matt Whipple of Telos represented ownership, 601W. Purchased in 2019 by 601W, the former Northern Trust building began undergoing redevelopment in 2021. The six-story, 680,000-square-foot property features new windows; a new hospitality-focused amenity center with a fitness center, tenant lounge and 8,000-square-foot terrace; and a grand entrance and lobby with a four-story media wall. Gardner Builders was the general contractor, and Solomon Cordwell Buenz was the architect.

June 28, 2024

Industrial Leasing Activity Texas

Specialty Building Products Signs 550,000 SF Industrial Lease in Midlothian, Texas

by Taylor Williams June 27, 2024

MIDLOTHIAN, TEXAS — A subsidiary of Specialty Building Products has signed a 550,000-square-foot industrial lease in Midlothian, a southern suburb of Dallas. The metro Atlanta-based building materials provider will occupy a full building at Southern Star Logistics Park, the site of which features dual rail service and 25 acres for outdoor storage. Jim Hazard and Barrett Bufkin of Cresa represented the tenant in the lease negotiations. Kacy Jones, Steve Koldyke and Brian Gilchrist of CBRE represented the landlord, Chicago-based Logistics Property Co., in conjunction with internal agents J.C. Hay and Max Mueller.

June 27, 2024

Industrial Leasing Activity Texas

Colliers Negotiates 10,533 SF Industrial Lease in Houston

by Taylor Williams June 27, 2024

HOUSTON — Colliers has negotiated a 10,533-square-foot industrial lease in Houston. According to LoopNet Inc., the property at 7420 Wynnpark Drive was built in 1967 and totals 49,088 square feet. John Parsley and Jeff Peltier of Colliers represented the tenant, furniture provider Meredith O’Donnell Inc., in the lease negotiations. Boone Smith of Stream Realty Partners represented the undisclosed landlord.

June 27, 2024

Leasing Activity New York Northeast Retail

Whole Foods to Open 43,916 SF Store in Huntington Station, New York, on July 17

by Taylor Williams June 27, 2024

HUNTINGTON STATION, N.Y. — Whole Foods Market will open a 43,916-square-foot store in Huntington Station, a hamlet and census-designated area on Long Island, on July 17. The store will be located at 330 Walt Whitman Road and will offer more than 2,000 locally sourced items from more than 400 regional suppliers. The store will also feature full-service meat and seafood counters, a bakery, wellness and beauty section and a selection of more than 300 craft beers. The Austin-based grocer operates about 30 stores in New York, including more than half a dozen on Long Island.

June 27, 2024

Leasing Activity New York Northeast Office

HSBC Signs 35,400 SF Office Lease Expansion at The Spiral in Midtown Manhattan

by Taylor Williams June 27, 2024

NEW YORK CITY — HSBC Bank has signed a 35,400-square-foot office lease expansion at The Spiral, a 66-story tower located in Midtown Manhattan. The company initially signed a 20-year, 265,000-square-foot lease for its headquarters space in May 2022. Following the expansion, HSBC will occupy the entire 29th and 30th floors in addition to three podium floors and a recently opened wealth center at street level. Greg Conen and Sam Brodsky internally represented the landlord, Tishman Speyer, in the lease negotiations. Peter Riguardi, Matt Astrachan, Mitchell Konsker and Will McGarry of JLL represented HSBC.

June 27, 2024

Industrial Iowa Leasing Activity Midwest

Covetrus Signs 80,000 SF Industrial Lease in Grimes, Iowa

by Kristin Harlow June 27, 2024

GRIMES, IOWA — Covetrus has signed a lease to relocate its operations to an 80,000-square-foot distribution center at Prairie Business Park in Grimes, a northwest suburb of Des Moines. The animal health technology and services company is expanding its footprint by 27,000 square feet. From its new location, Covetrus will serve veterinarians and their practices across several states. Austin Barrett of Savills represented Covetrus. R&R Realty Group owns the property.

June 27, 2024

Leasing Activity Retail Texas

Dick’s Sporting Goods to Open 100,000 SF ‘House of Sport’ Store in Live Oak, Texas

by Taylor Williams June 26, 2024

LIVE OAK, TEXAS — Dick’s Sporting Goods will open a 100,000-square-foot “House of Sport” store at Live Oak Town Center, a shopping center development located on the northeastern outskirts of San Antonio. The space will feature a climbing wall, outdoor field, multiple golf bays and a multi-sport cage that can be used for baseball, softball, lacrosse and soccer. IKEA (300,000 square feet) and Floor & Décor (79,681 square feet) anchor Live Oak Town Center, which is being developed in phases and will ultimately feature more than 800,000 square feet of shopping, dining and entertainment space. A tentative opening date was not announced. Weitzman owns Live Oak Town Center.

June 26, 2024

Leasing Activity Office Texas

Cima Cash Handling Signs 3,400 SF Lease at Industrial Flex Facility in West Houston

by Taylor Williams June 26, 2024

HOUSTON — Cima Cash Handling America Inc., which provides computer hardware to count and track money, has signed a 3,400-square-foot lease at an industrial flex facility located at 15720 Park Row Drive in West Houston. According to LoopNet Inc., the building spans 28,800 square feet and was originally constructed in 1998. Jason Gibbons of the Finial Group represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

June 26, 2024

Development Industrial Leasing Activity New Jersey Northeast

Seagis Completes Renovation of 202,490 SF Northern New Jersey Industrial Building, Signs New Tenant

by Taylor Williams June 26, 2024

EAST RUTHERFORD, N.J. —Seagis Property Group has completed the renovation of a 202,490-square-foot industrial building located at 13 Manor Road in the Northern New Jersey community of East Rutherford. The metro Philadelphia-based development and investment firm has also signed an undisclosed tenant to a full-building lease at the property, which features a clear height of 22 feet, 16 docks and 84 car parking spaces. Seagis purchased the building, which previously functioned as a manufacturing facility, in 2006.

June 26, 2024

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