HOUSTON — Avison Young has negotiated a 25,840-square-foot office lease in West Houston. The tenant, Dean & Draper Insurance, is relocating and expanding its footprint from the nearby building at 3131 W. Alabama St. to the entire 10th floor and part of the eighth floor at Eleven77, an 18-story building. Anthony Squillante and Dustin Devine of Avison Young represented Dean & Draper in the lease negotiations. Kelli Gault, Doug Little and John Heard of Transwestern represented the landlord, Hicks Ventures.
Leasing Activity
DALLAS — Texas Irrigation Supply, a plumbing and irrigation equipment wholesaler and distributor, has signed a 10,625-square-foot industrial lease renewal in northwest Dallas. According to LoopNet Inc., the building at 10760 Shady Trail was constructed in 1955 and totals 20,500 square feet. Scott Voelkel and Cullen Dickey of Highland Properties represented the landlord, a Dallas-based family partnership, in the lease negotiations. Andrew Brod of Cresa represented the tenant.
NEW YORK CITY — Macerich (NYSE: MAC) has signed a 12,000-square-foot office lease at 825 Third Avenue in Midtown Manhattan. The Southern California-based retail owner-operator is relocating its New York City office from Fifth Avenue to the 33rd floor of the 40-story building, which recently underwent a $150 million capital improvement program. Gordon Ogden and James Hart of Bradford Allen represented Macerich in the lease negotiations. Tom Bow, Ashlea Aaron, Bailey Caliban and Sayo Kamara represented the landlord, The Durst Organization, on an internal basis.
ROSENBERG, TEXAS — STATS International has signed a 72,761-square-foot industrial lease in Rosenberg, a southwestern suburb of Houston. The pipeline services firm will occupy all three buildings on the 10-acre site at 3782 Reese Road for both maintenance and manufacturing purposes. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. Ryan Wasaff, Brad Berry and Cole Bercher represented the landlord, local owner-operator The Welcome Group, on an internal basis.
NEW YORK CITY — NYC Elite Gymnastics Inc. has signed a 20-year, 20,908-square-foot retail lease renewal in Manhattan’s Tribeca neighborhood. The company’s facility at 40 Worth St. encompasses 10,987 square feet of ground-level space, 2,761 square feet of lower-level mezzanine space and 7,160 square feet of space on the lower level. Roy Lapidus of GFP Real Estate represented both the tenant and the landlord, an entity doing business as 40 Worth Street Associates LLC, in the lease negotiations.
ADDISON, TEXAS — Asset Living, a provider of third-party property management services, has signed a 13,168-square-foot office lease renewal in the northern Dallas metro of Addison. According to LoopNet Inc., the building at 15601 Dallas Parkway was completed in 1999 and totals 289,340 square feet. Dan Boyles, Jeremy Brubaker and Justin Utay of Partners Real Estate represented Asset Living in the lease negotiations. Chris Taylor of Cushman & Wakefield and Trey Smith of CBRE represented the landlord.
BENSENVILLE, ILL. — Axis Warehouse & Logistics has signed a 300,960-square-foot industrial lease renewal at 500 Country Club Drive in the Chicago suburb of Bensenville. The transaction represents the largest lease renewal in the O’Hare industrial market in the first half of 2025, according to Lee & Associates of Illinois. Jeff Galante of Lee & Associates represented the tenant, which is a third-party logistics provider that offers large-scale warehousing, transportation and global logistics services. The company occupies the entire property. Dominic Carbonari of JLL represented the owner, Link Logistics.
ROCHESTER HILLS AND LAKE ORION, MICH. — NAI Farbman has completed the lease-up of a 24,379-square-foot office building at 251 Diversion St. in Rochester Hills. Additionally, the brokerage firm has secured eight new retail leases or renewals at the 50,755-square-foot Orion Marketplace shopping center in Lake Orion. Brandon Ben-Ezra and Gavin Mills of NAI Farbman secured three leases to reach full occupancy at the four-story office building. Signed tenants include Rochester Robotic Therapy, Carnaghi Structural Consulting and Amy Elizabeth Designs. Signed tenants at the shopping center include Soul of India, SSWEET Bakery, D1 Training, Black Cat Beanery, Tropical Smoothie Café, Games 4 Life, Parlor Donuts and New Wave Church. The leases bring the property from 50 percent occupancy to 94 percent leased.
GRAND PRAIRIE, TEXAS — California-based logistics company LFD Forwarding has signed a 12,070-square-foot industrial lease in the central metroplex city of Grand Prairie. The space is located within Building 3 at Woodlands Business Center, a 91,854-square-foot complex. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Stonelake Capital Partners, in the lease negotiations. Collin Hu of eXp Commercial represented the tenant.
DANVERS, MASS. — The Picklr, an entertainment concept centered on pickleball, will open a 36,192-square-foot venue in Danvers, a northern suburb of Boston. The space is located within a former Bed Bath & Beyond store at Endicott Square, a 56,275-square-foot shopping center that is also home to tenants such as Quest Diagnostics, Salem Five and Advance Auto Parts. Don Mace of local brokerage firm KeyPoint Partners represented the undisclosed landlord in the lease negotiations. The venue is expected to open before the end of the year.