MAPLE GROVE, MINN. — MAS HVAC has signed a 150,000-square-foot industrial lease at Building VI within Arbor Lakes Business Park in the Minneapolis suburb of Maple Grove. The tenant plans to occupy the space beginning in January for its new headquarters, manufacturing and logistics operations. The build-out also includes 15,000 square feet of office space. Brent Masica of Cushman & Wakefield represented the tenant, which moved to the Minneapolis market four years ago.
LA CROSSE AND STURGEON BAY, WIS. — Starbucks has inked two new retail leases in Wisconsin totaling 2,460 square feet each. The first property is located at 2552 Rose St. in La Crosse, while the second is at 911 Green Bay Road in Sturgeon Bay. Tony Colvin of Mid-America Real Estate represented the tenant in each lease. The respective landlords were Eagle Bay Partners LLC and 911 Green Bay Road Partners LLC.
INGLEWOOD, CALIF. — Cinépolis Luxury Cinemas has announced plans to open a 55,137-square-foot theater at Hollywood Park, a mixed-use development currently underway in Inglewood. Scheduled to open this month and dubbed Cinépolis Luxury Cinemas Inglewood IMAX, the space will feature 12 screens and 1,236 seats.
NEW YORK CITY — The Center for Reproductive Rights has signed a 35,995-square-foot office lease renewal at One Seaport Plaza in downtown Manhattan, where the global human rights organization has operated its headquarters for the past 10 years. The new lease term is 15 years. The 1.1 million-square-foot building was constructed in 1984. Adam Rappaport and Brett Greenberg internally represented the landlord, Jack Resnick & Sons, in the lease negotiations. Daniel Horowitz, Jeffrey Peck, Ira Schuman and Stephan Steiner of Savills represented The Center for Reproductive Rights.
CORAL SPRINGS, FLA. — Cushman & Wakefield has arranged a 216,317-square-foot lease at Osprey Logistics Park, a 427,515-square-foot industrial development currently underway in Coral Springs. Matthew McAllister and Christ Metzger of Cushman & Wakefield’s South Florida Industrial Team represented the landlord and developer, Foundry Commercial, in the leasing negotiations. Steve Wasserman and Erin Byers of Colliers represented the tenant, CTS Engines. CTS Engines will move its headquarters to Building 2 upon completion of the project, which is scheduled for late 2023. The building features 36-foot clear heights, 235-foot building depth, a 180-foot truck court, R-19 insulated roof deck, an ESFR sprinkler system and office space.
PLANO, TEXAS — J.C. Penney has reopened its 320,000-square-foot corporate office at The Campus at Legacy West (CALWest) in Plano, welcoming back some 2,000 associates in the process. The department store chain originally opened in CALWest campus in 1992 when it relocated to Texas from New York City, but the offices were largely shuttered after J.C. Penney filed for Chapter 11 bankruptcy protection during the early days of the COVID-19 pandemic. The office now features an open floor plan to encourage collaboration among employees, who will also have access to amenities such as pickleball courts, an arcade, fitness center and a golf simulator. J.C. Penney first re-affirmed its commitment to the space in March 2022 by signing a new lease.
DALLAS — Hobi International, a provider of mobile asset management services, has signed a 98,489-square-foot industrial lease renewal at 7601 Ambassador Row in northwest Dallas. According to LoopNet Inc. the property was built in 1958 and totals 185,220 square feet. Craig Jones of JLL represented the tenant in the lease negotiations. Sam Abusaad represented the landlord, Chicago-based ML Realty Partners, on an internal basis.
NEW YORK CITY — VTS, a provider of commercial proptech solutions, has signed a 34,325-square-foot office headquarters sublease at 3 Bryant Park in Midtown Manhattan. The term is six years. The company will relocate from 141 W. 41st St. in the fourth quarter to the entire 14th floor of the building, which was previously occupied by Salesforce. Jim Wenk of Savills, along with Patrick Heeg of Transwestern and Sam Seiler of JLL, represented VTS in the lease negotiations. Sacha Zarba, James Ackerson and Alice Fair of CBRE represented Salesforce. Ivanhoe Cambridge owns 3 Bryant Park.
INDIANAPOLIS — Colliers has negotiated the lease-up of a 130,582-square-foot industrial building located at 4740 Victory Lane in Indianapolis. BioPlus Specialty Pharmacy Services LLC, a subsidiary of Elevance Health, leased 47,891 square feet. BioPlus provides pharmacy services for patients living with chronic conditions such as cancer, multiple sclerosis, hepatitis C, autoimmune diseases and rheumatology. Hellman Worldwide Logistics signed a lease for 82,691 square feet. Headquartered in Germany, the company is one of the largest international logistics providers with 489 offices in 173 countries. Jimmy Cohoat and Billy Powers of Colliers represented the landlord, Shear Property Group.
NASHVILLE, TENN. — Switchyards, a coworking concept based in Atlanta, will open an 8,000-square-foot club at 1101 Chapel Ave. in the Eastwood neighborhood of Nashville. Located within a historic building that formerly housed a church, the space will feature a café, work stations, two libraries, eight soundproof phone booths and three meeting rooms. The landlord is locally based Vintage South Development. Switchyards Eastwood is scheduled to open in September.
