CHICAGO — Specialty insurance provider Argo Group has signed a new long-term lease at 24 E. Washington St., also known as the Marshall Field & Co. building, in Chicago. Argo’s lease is for roughly 20,500 square feet on the ninth floor. The company plans to begin operating out of its new office in early 2024. In 2021, owner Brookfield Properties completed a major restoration of the historic building, which has been listed on the National Register of Historic Places since 1978. Built in the early 1900s, the building served as the flagship location of the Marshall Field department store. The property rises seven stories and totals 636,000 square feet. This year, Ferraro North America, Olam International and Spot Logistics also signed leases at the property. Jeff Miller and Corey Siegrist of JLL represented Argo in its lease, while Jack O’Brien and JD Parcheta of The Telos Group represented Brookfield.
Leasing Activity
CRYSTAL LAKE, ILL. — Thinnes Transport Inc. has renewed its 91,267-square-foot industrial lease at 450 Congress Parkway in the Chicago suburb of Crystal Lake. John Joyce, Kenneth Franzese and John Cassidy of Lee & Associates represented the tenant, which is a family-owned freight transportation and logistics company. Dan Jones of Entre Commercial Realty represented the landlord, STAG Industrial Holdings.
LENEXA, KAN. — Enjoy Pure Food + Drink has signed a lease to open at Restaurant Row in Lenexa City Center. The 4,000-square-foot space will serve as the restaurant’s second location and is slated to open in fall 2024. Enjoy Pure Food + Drink is a health-forward restaurant offering breakfast, lunch and dinner as well as organic cold-pressed juices, smoothies, clean cocktails and a gluten-free and vegan bakery. John Nolan of Crossroads Real Estate Group represented the tenant, while Erin Johnston of Copaken Brooks represented ownership on an internal basis. Future phases of Restaurant Row call for an additional 10,000 square feet of retail and restaurant space and 50,000 square feet of office space.
WATERTOWN, MASS. — A pair of confectionaries, Blackbird Doughnuts and cookie maker Chip City, have opened stores at Arsenal Yards, a mixed-use development located in the western Boston suburb of Watertown. Grand opening celebrations for both stores took place last weekend. A partnership between Wilder Cos. and Boylston Properties owns Arsenal Yards.
HOUSTON — C&T Design & Equipment, which designs and furnishes restaurants and commercial kitchens, has signed a 19,886-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 9555 Baythorne Drive was constructed in 2001 and totals 28,576 square feet. Jim Cooper of Cypressbrook Co. represented the tenant in the lease negotiations. The landlord was an entity doing business as Texas KBC LLC.
PLYMOUTH MEETING, PA. — Norman’s Hallmark has opened a 7,280-square-foot store at The Metroplex in Plymouth Meeting, a northern suburb of Philadelphia. The store offers a complete line of Hallmark products, cards and Keepsake Ornaments, as well as apparel, accessories, books, stationery, games, home décor, candy and gourmet foods. Norman’s Hallmark currently operates 75 stores.
RALEIGH, N.C. — LS3P, an architectural, interior design and planning firm, has signed a 20,000-square-foot office lease at Smoky Hollow, a mixed-use development located at 421 N. Harrington St. in downtown Raleigh. The property features 225,000 square feet of Class A office space, as well as Hush and Dose Yoga + Smoothie Bar, restaurant concepts Madre and Midwood Smokehouse, New Anthem Brewery and Publix. LS3P plans to bring its current Raleigh office to Smoky Hollow, including 100 Raleigh-based employees, by April 2024. Kimarie Ankenbrand and Matt Winters of JLL represented LS3P in the lease deal. Kane Realty Corp. co-developed Smoky Hollow with Williams Realty + Building Co. and opened the first phase in spring 2020.
BLOOMINGTON, ILL. — TSR Concrete Coatings has signed a 40,000-square-foot industrial lease at 1601 General Electric Road, a 450,000-square-foot building in Bloomington. TSR is a subsidiary of ReVamp, a company that installs residential floor coatings and vinyl fences. TSR relocated to this larger facility as part of its expansion with ReVamp Fencing. Meghan O’Neal-Rogozinski of AXIS 360 Commercial Real Estate Specialists represented the tenant, while John Cleary of Marquette Realty & Consulting represented the undisclosed landlord.
ATLANTA — Granite Properties has signed five leases between September and November at three of its Atlanta office buildings for a total of 198,000 square feet. The deals included three leases at 100 City View in the Cumberland/Galleria submarket for Murata Electronics North America (50,019 square feet), Insurica (4,097 square feet) and Prairie Capital Advisors (3,598 square feet). Jennifer Koontz, Frances Land Klee, Sam Neel of Pope & Land represented Granite in the lease negotiations at 100 City View. The other two deals included Womble Bond Dickinson’s 27,733-square-foot lease at Midtown Union and an expansion for Amwins at 3630 Peachtree in Buckhead, going from 94,000 square feet to nearly 114,000 square feet. Brooke Dewey and Adam Viente of JLL represented Granite in the Womble Bond Dickinson lease, and Greg Frankum, Matt Spickard and Ansley Chenault of Transwestern represented the firm in the Amwins lease. Tenant representatives for the five deals included Mass Realty, CoRErep, Newmark, CBRE and Ackerman & Co.
ELK GROVE VILLAGE, ILL. — Logisteed America Inc., a provider of transportation and logistics services, has renewed its 106,100-square-foot industrial lease at 2551-2561 Allan Drive in the Chicago suburb of Elk Grove Village. Kenneth Franzese and John Cassidy of Lee & Associates represented the tenant. Jonathan Kohn and Chris Volkert of Colliers represented the landlord, LaSalle Investment Management.