NEW YORK CITY — Steptoe LLP has signed a 57,988-square-foot office lease in Midtown Manhattan. The international law firm will occupy three full floors at 1133 Avenue of the Americas, a 45-story, 1.1 million-square-foot building. Timothy Dempsey and Greg Maurer-Hollaender of CBRE represented Steptoe in the lease negotiations. Rocco Romeo and Nora Caliban represented the landlord, The Durst Organization, on an internal basis.
DAYTON, MINN. — Daedex, a national custom data center cooling equipment manufacturer and subsidiary of MAS HVAC, has signed a long-term lease for the remaining 503,440 square feet at The Cubes at French Lake, a 1 million-square-foot development in Dayton. Located at 11500 Lawndale Ave., The Cubes at French Lake is the largest speculative industrial project ever developed in Minnesota, according to owner CRG. The project is now fully leased. Daedex joins States Manufacturing Corp., which previously leased the other half of the building. Completed in 2024, the property features a clear height of 40 feet, 169 dock doors, four drive-in doors, 60-foot speed bays and ample parking. The two leases at The Cubes at French Lake are the largest signed in metro Twin Cities in the past three years, according to CBRE. Dan Swartz, James DePietro and Austin Lovin of CBRE represented CRG in the lease, while Brent Masica and Danny McNamara of Cushman & Wakefield represented the tenant. CRG integrated partner Lamar Johnson Collaborative designed The Cubes at French Lake, while parent company Clayco served as general contractor.
FORT WORTH, TEXAS — USA Beauty Superstore will open a 29,128-square-foot store in Fort Worth. The cosmetics retailer will backfill a former Big Lots store at Woodmont Plaza, a 65,241-square-foot shopping center located on the city’s south side. Bryan Dyer of local brokerage firm The Woodmont Co, represented the undisclosed landlord in the lease negotiations. John Lee of Landmark Realty Group represented USA Beauty Superstore. The opening is scheduled for December.
CAMBRIDGE, MASS. — Terrain Biosciences will open a new, 14,000-square-foot headquarters facility in Cambridge, located across the Charles River from Boston. The RNA therapeutics company will relocate from the nearby building at 400 Technology Way to Genesis 640 Memorial Drive, a 248,000-square-foot office and lab facility. CBRE represented the landlord, Phase 3 Real Estate Partners, in the lease negotiations. Colliers represented Terrain Bio. A timeline for occupancy was not announced.
MINNEAPOLIS — Tenants have signed leases totaling nearly 60,000 square feet at LaSalle Plaza, an office tower in downtown Minneapolis. Owner Hempel Real Estate has completed $10 million of improvements and upgrades in the last 18 months. The largest new lease is with Greiner Construction, which will move from Deluxe Plaza into 20,000 square feet on the second floor of LaSalle Plaza. In addition, Interstate Parking is moving into 6,300 square feet from Canadian Pacific. Relx, a data and information consulting company, leased 5,100 square feet; and Gems, a Target vendor, is moving into a 1,700-square-foot spec suite. Additionally, four existing tenants renewed their leases. These include Centerspace (7,000 square feet), Hershey (10,000 square feet), Henkel (6,000 square feet) and PACE Loan Group. PACE moved into LaSalle Plaza in 2024 and expanded its lease by nearly 3,000 square feet, now occupying 6,500 square feet. Totaling 650,000 square feet, LaSalle Plaza offers an amenity package called The LaSalle Club, which includes an exclusive tenant lounge on the fourth floor and a fitness center with a sauna, cold plunge, fitness studio and pickleball court. The property also features a Grey Fox coffee shop; two fast-casual restaurants, Green and the Grain and Bep; …
GILBERT, ARIZ. — A partnership between Las Vegas-based IndiCap, Salt Lake City-based Colmena Group and locally based Langley Properties has received final entitlement approval from the Town of Gilbert’s Planning Commission to begin construction for The Ranch, a proposed $1 billion mixed-use development in Gilbert. Situated near the Phoenix-Mesa Gateway Airport and Arizona State University’s Polytechnic Campus, The Ranch will span more than 295 acres and is anticipated to become Gilbert’s largest mixed-use development to date, according to the development team. The project is also expected to create roughly 6,000 jobs during construction. “This entitlement approval marks a turning point not just for The Ranch, but for Gilbert as a whole,” says Todd Ostransky, vice president of regional development at IndiCap. “This development is designed to meet the evolving needs of businesses and residents while driving sustainable economic growth in the region.” Upon full build-out of the multi-phase project, The Ranch will include a 221-acre light industrial component totaling 3 million square feet, 34 acres of retail space and 729 multifamily units across three communities. Steve Larsen of JLL is managing leasing efforts for the industrial portion of the project. Phase I of The Ranch — which is set to break ground in the fall …
RUTHER GLEN, VA. — Lingerfelt and The Davis Cos. have signed a 152,491-square-foot lease with design-build and systems integration firm M.C. Dean at Carmel Church Business Center in Ruther Glen, roughly 30 miles north of Richmond. The new lease will allow M.C. Dean to expand its production capacity, shifting more space away from onsite storage to meet the growing demand for its mission-critical products. Modular Mission Critical, M.C. Dean’s 585-acre manufacturing campus one mile northeast of Carmel Church Business Center, will serve as the hub for customizable, tested and secure modular products. Jake Servinsky and Jimmy Appich of JLL represented M.C. Dean. Graham Stoneburner and Mark Douglas of Cushman & Wakefield | Thalhimer represented ownership in the lease negotiations. Caramel Church Business Center, a 325,500-square-foot warehouse, was completed in 2024 through a joint venture between Lingerfelt and Boston-based Davis. ARCO Design/Build developed the facility.
NEW YORK CITY — Clear Street has signed an 88,000-square-foot office lease expansion at 4 World Trade Center in Lower Manhattan. The fintech company first took space at the 72-story, 2.3 million-square-foot building in 2021 via sublease before signing a direct lease for the entire 45th floor in 2023. This deal, which includes a 10-year extension, will see the company maintain that space and also expand to the entire 46th floor. Josh Berger of Norman Bobrow & Co. represented Clear Street in the lease negotiations. Keith Cody and Gordon Hough represented the landlord, Silverstein Properties, on an internal basis.
ALLENWOOD, PA. — ModCorr LLC has signed a 252,282-square-foot industrial lease in Allenwood, about 70 miles north of Harrisburg. The manufacturer of modular construction products will occupy the entirety of Building 4 at PNK Park Allenwood at Great Stream Commons, which was completed last year and features a clear height of 40 feet. Lee & Associates represented the landlord, New York-based investment and development firm PNK Group, in the lease negotiations.
GLENVIEW, ILL. — Bottling Group LLC, operating as Pepsi Beverages Co., a division of PepsiCo. Inc., has leased Building 10 at The Logistics Campus in suburban Chicago’s Glenview. The lease for the 351,520-square-foot build-to-suit facility commences in February. Dermody is the property owner. Bottling Group LLC manufactures, distributes and sells a portfolio of nonalcoholic beverages, including soft drinks, bottled water, energy drinks and fruit juices. Site work for Building 10 is underway with delivery planned for the first quarter of 2026. Colliers represented Dermody, and Cresa represented Pepsi in the lease. The Logistics Campus is a master-planned, 10-building campus totaling 3.2 million square feet. Dermody recently completed construction on Phase 1, which consists of more than 1.2 million square feet across five buildings.