Leasing Activity

Lee & Associates Arranges 10-Year Lease at Airway Office Park in Long Beach, California

by Jeff Shaw July 11, 2023

LONG BEACH, CALIF. — Lee & Associates has successfully finalized a 10-year lease for a 10,812-square-foot creative office space at Airway Office Park in Long Beach. The tenant, Swing Set Productions, a creative production studio serving top brands, will relocate from Huntington Beach to this new studio. The Airway Office Park, developed by Urbana Real Estate Development, offers more than 60,000 square feet of office space and amenities. The project is currently under construction and scheduled for completion late this month. Jeff Coburn and Shaun McCullough of Lee & Associates Los Angeles – Long Beach represented the landlord, Airway Office Park LLC. Michael Shuken of Savills represented the tenant. The value of the lease is about $5 million.

July 11, 2023

Illinois Leasing Activity Midwest Office

Big Brothers Big Sisters of Metropolitan Chicago Inks New Office Lease

by Kristin Harlow July 11, 2023

CHICAGO — Big Brothers Big Sisters of Metropolitan Chicago has signed a new office lease to occupy 8,587 square feet on the second floor at 130 S. Jefferson St. in Chicago. The new space will accommodate the nonprofit’s hybrid work model and enable the agency to hold programs, board meetings and community and match events. Phil Geiger of Stream Realty Partners represented the tenant. Commercial real estate firm Madison Rose represented the landlord, R2 Cos. The Chicago branch of Big Brothers Big Sisters offers mentoring services to 2,000 children and their families in Cook, DuPage and Lake counties. More than 65 staff members work to recruit, match and support mentors, mentees and families. The organization is relocating from a 15,000-square-foot space at 560 W. Lake St. The five-story building at 130 S. Jefferson St. was originally constructed in 1883 and features a newly renovated lobby.

July 11, 2023

Leasing Activity Retail Texas

EVO Entertainment to Open 53,300 SF Venue in Hutto, Texas

by Taylor Williams July 10, 2023

HUTTO, TEXAS — EVO Entertainment Group has signed a 53,300-square-foot lease at Townwest Commons in Hutto, with plans to open a cinema, bowling and entertainment venue at the property in 2024. Nathan Nickerson of Common Ground represented the tenant in the leasing negotiations and secured an incentives package with the City of Hutto. Josh Friedlander and David Meyers represented the landlord, NewQuest Properties, on an internal basis.

July 10, 2023

Leasing Activity Office Texas

IT Service Provider Signs 3,986 SF Office Lease in Fort Worth

by Taylor Williams July 10, 2023

FORT WORTH, TEXAS — The David L. Aldridge Co., a provider of information technology (IT) services, has signed a 3,986-square-foot office lease at One Ridgmar Centre in Fort Worth. The 10-story, 177,199-square-foot building recently underwent a capital improvement program. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, Frontier Equity, in the lease negotiations. Justin Utay of NAI Robert Lynn represented the tenant.

July 10, 2023

California Leasing Activity Retail Western

Three Tenants Join Carlsbad Arcade Retail Center in California

by Jeff Shaw July 10, 2023

CARLSBAD, CALIF. — Three new tenants have signed leases at Carlsbad Arcade in the Village, a retail center comprising 13,000 square feet in Carlsbad, roughly 35 miles north of San Diego. Village Florist Co., Carlsbad Golf Carts and Joey Snow Design Co. will occupy 1,180; 1,250; and 1,060 square feet, respectively. Serena Patterson and Luke Holler of Urban Property Group represented both the tenants and the landlord, Carlsbad One LLC, in the leasing transactions.

July 10, 2023

Indiana Leasing Activity Midwest Retail

Mega Markdowns Signs 14,814 SF Retail Lease in Fort Wayne, Indiana

by Kristin Harlow July 10, 2023

FORT WAYNE, IND. — Mega Markdowns has signed a 14,814-square-foot retail lease in Gateway Plaza in Fort Wayne. Dave Horacek of Bradley Co. represented the landlord, an entity doing business as FSCM Gateway LLC. The property is located at 1551 Goshen Road.

July 10, 2023

Leasing Activity Office Texas

USI Insurance Services Signs 8,321 SF Office Lease in Fort Worth

by Taylor Williams July 7, 2023

FORT WORTH, TEXAS — USI Insurance Services Inc. has signed an 8,321-square-foot office lease at Summit Office Park in Fort Worth. The two-building, 242,000-square-foot development is located on the perimeter of the downtown area. Jake Neal, Vic Meyer and Matt Carthey of Holt Lunsford Commercial represented the landlord, Albany Roads, in the lease negotiations. David Walters of CBRE represented the tenant.

July 7, 2023

Industrial Leasing Activity New York Northeast

Strides Pharma Signs 57,197 SF Industrial Lease in Pearl River, New York

by Taylor Williams July 7, 2023

PEARL RIVER, N.Y. — Strides Pharma Inc. has signed a 57,197-square-foot industrial lease in Pearl River, located along the New York-New Jersey-border. The Indian pharmaceutical manufacturer will occupy the entirety of two buildings within Hudson Valley iCampus, a 207-acre development. James Schroeder of JLL represented Strides Pharma in the lease negotiations. Robert Lella, Sheena Gohil and Charles Hatfield of Colliers, along with internal agent Jamie Schwartz, represented ownership.

July 7, 2023

Industrial Leasing Activity Texas

Bradford Negotiates 13,000 SF Industrial Flex Lease in Irving

by Taylor Williams July 6, 2023

IRVING, TEXAS — Bradford Commercial Real Estate Services has negotiated a 13,000-square-foot industrial flex lease at Las Colinas Distribution Center 5 in Irving. The lease term is six years. Brian Pafford of Bradford represented the landlord, an entity doing business as Las Colinas AAA Investment LLC, in the lease negotiations. Chris Shilling of Minerva Realty Group represented the tenant, automotive maintenance and service provider Repairify.

July 6, 2023

Leasing Activity Office Texas

Civic Heart Community Services Signs 13,028 SF Office Headquarters Lease in Houston

by Taylor Williams July 6, 2023

HOUSTON — Civic Heart Community Services, a social services organization serving southeast Texas, has signed a 13,028-square-foot office headquarters lease in Houston’s Historic Third Ward. Civic Heart is relocating to One Emancipation Center from an office on nearby Elgin Street, where it had operated for the past 18 years. The term of the new lease is 10 years. John Guess of The Guess Group represented Civic Heart in the lease negotiations.

July 6, 2023

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