GRAND PRAIRIE, TEXAS — Illinois-based freight company RIM Logistics has signed a 75,123-square-foot industrial lease in the central metroplex city of Grand Prairie. The space is located within GSW Commerce Center at 161, a two-building, 465,195-square-foot speculative development by Illinois-based Molto Properties. Upon completion later this year, GSW Commerce Center at 161 will feature 36-foot clear heights, 180-foot truck court depths, ESFR sprinkler systems and parking for 116 trailers and 410 cars. Forshey Hoobler of KBC Advisors represented RIM Logistics in the lease negotiations. Brian Gilchrist, Steve Koldyke and Kacy Jones of CBRE represented Molto Properties.
JERSEY CITY, N.J. — Bank of America has signed a 550,000-square-foot office lease at Newport Tower in Jersey City. Newport Tower is a 36-story, 1.1 million-square-foot waterfront building that recently underwent a multimillion-dollar renovation and connects via skybridge to the 1 million-square-foot Newport Centre Mall. Building amenities include eight onsite dining options, a fitness center, game room, tenant lounge, coworking spaces and meeting rooms. Robert Rudin, David DeMatteis, Mina Shehata, Dirk Hrobsky, Karl Helgessen, Jan Randall Dausend and Christina Magill of Cushman & Wakefield represented the landlord, BentallGreenOak, in the lease negotiations. Bob Alexander, Ryan Alexander and Taylor Callaghan of CBRE represented Bank of America.
HAMILTON, N.J. — Fennelly Associates has signed a 19,008-square-foot office lease at a 47,464-square-foot building located at 200 Horizon Drive in the Central New Jersey community of Hamilton. The tenant, Micro-Air, a designer and manufacturer of air conditioning control systems for boats and RVs, is relocating from a 7,850-square-foot space in nearby Allentown. Jerry Fennelly of Fennelly Associates represented the landlord, Cammeby’s Management, in the lease negotiations. Micro-Air was self-represented.
OVERLAND PARK, KAN. — Walnut Risk Management LLC has signed a 5,640-square-foot office lease at the Aspiria campus in Overland Park. The insurance broker firm specializes in commercial and personal lines insurance brokerage. Construction has begun on the build-out of Walnut Risk Management’s new office, and the company plans to take occupancy in June. Wichita-based Occidental Management owns and manages the Aspiria campus, which is the redevelopment of the former Sprint headquarters.
PHILADELPHIA — Dave’s Hot Chicken will open three restaurants at properties owned by Federal Realty Investment Trust in the Philadelphia metro area. Scheduled to open this month, the first store will span 2,995 square feet at Northeast Shopping Center in Philadelphia. Dave’s will also open restaurants at Ellisburg Shopping Center in Cherry Hill, New Jersey, and Willow Grove Shopping Center in Willow Grove, Pennsylvania, in the spring and fall of this year. Those stores will span 3,086 and 2,825 square feet, respectively.
Affordable HousingDevelopmentFloridaLeasing ActivityMixed-UseMultifamilyOfficeRestaurantRetailSeniors HousingSoutheastTop Stories
SG Holdings Completes Leasing at $350M Mixed-Use Development in Miami, Plans Summer Opening
MIAMI — SG Holdings has completed leasing at Sawyer’s Walk, a 3.4-acre mixed-use development underway in Miami’s Overtown neighborhood. The project, which will feature retail space, offices and affordable housing for seniors, is set to open this summer. SG Holdings is a partnership comprising Swerdlow Group, SJM Partners and Alben Duffie. The development team broke ground on Sawyer’s Walk in summer 2021. The development costs were not disclosed, but the Miami Herald reported the price tag hovers around $350 million. “The anticipated delivery of our mixed-use development will serve as an economic catalyst for Overtown, with the creation of over 1,000 quality jobs, the opening of a new full-service supermarket and mix of national retail stores that will serve the immediate community and surrounding neighborhoods,” says Michael Swerdlow, managing partner of Swerdlow Group. Sawyer’s Walk will feature 175,000 square feet of retail space. Committed tenants include Target (50,000 square feet), Aldi (25,000 square feet), Ross Dress for Less, Five Below, Tropical Smoothie Café and Burlington. MSC Group, a global cargo ship line and the world’s third-largest cruise line, purchased the property’s 130,000 square feet of office space with plans to combine its South Florida cruise and cargo operations under one roof. …
METAIRIE, LA. — The Feil Organization has signed FastPass Tag and Title LLC to a 9,000-square-foot lease in Metairie, a suburb of New Orleans. The tenant will occupy two suites at 3445 North Causeway Boulevard, a 10-story, 127,858-square-foot office building. One suite will include a retail space where customers can obtain and renew their drivers’ licenses and IDs, while the second space will be dedicated to the company’s back-of-house and office operations. Scott Graf of Corporate Realty represented Feil Organization in the lease transaction.
HOUSTON — Keller Williams Metropolitan has signed a 20,656-square-foot office lease on the eighth floor at 4265 San Felipe Street, a 223,545-square-foot building in Houston’s River Oaks neighborhood. Ty Martin of McCann Commercial represented the tenant in the lease negotiations. Brad Fricks and Matt Asvestas of Stream Realty Partners represented the landlord, Woodbranch Management Inc. The building is now 90 percent leased.
BRISTOL, WIS. — Haribo of America Inc. has signed a full-building industrial lease for 447,216 square feet at Bristol Highlands Commerce Center East in Bristol, a city in Southeast Wisconsin. Chicago-based HSA Commercial Real Estate owns the 68-acre industrial park. The lease marks the largest industrial lease executed in the Southeast Wisconsin submarket last quarter, according to HSA. Haribo, a global manufacturer of gummi products, currently occupies the 157,656-square-foot Building 1 at Bristol Highlands Commerce Center East. The warehousing and distribution operations will move from Building 1 to Building 3 upon completion of the interior build-out in the second quarter. Completed in 2022, Building 3 features a clear height of 36 feet, 73 truck docks and ample employee parking. Once Haribo moves into Building 3, the company’s former space in Building 1 will be available for lease. Haribo also maintains a North American production plant two miles away in Pleasant Prairie. Whit Heitman and Sam Badger of CBRE represented Haribo in the lease. Jeff Hoffman of Cushman & Wakefield | Boerke, Eric Fischer of Cushman & Wakefield and Tim Thompson of HSA represented ownership.
JERSEY CITY, N.J. — Biotechnology firm Eikon Therapeutics has signed a 36,284-square-foot office lease at 3 Second Street, an 18-story, 600,000-square-foot building in Jersey City. The building boasts a redesigned lobby with concierge services, tenant lounge and multiple onsite dining options. David DeMatteis, Robert Rudin, Mina Shehata and Dirk Hrobsky of Cushman & Wakefield represented the landlord, funds managed by Ares Management, in the lease negotiations. Bill Hartman and James Gale of CBRE represented Eikon Therapeutics.