Leasing Activity

Iconex Renews 88,461 SF Industrial Lease at Cambridge Business Park in Kansas City

by Kristin Harlow August 31, 2023

KANSAS CITY, KAN. — Iconex, a provider of label solutions and paper receipts, has renewed its 88,461-square-foot industrial lease at Cambridge Business Park in Kansas City. Copaken Brooks owns Cambridge Business Park, which totals 13 buildings and 464,521 square feet of light industrial and office space. There are more than 45 long-standing tenants at the property. Iconex has been a tenant since 2007. Its new lease goes through 2030. John Stafford of Colliers represented Iconex, while Jeremiah Dean represented Copaken Brooks on an internal basis.

August 31, 2023

Industrial Leasing Activity Texas

Finial Group Secures 6,800 SF Industrial Lease in San Antonio

by Taylor Williams August 30, 2023

SAN ANTONIO — Houston-based brokerage firm Finial Group has secured a 6,800-square-foot industrial lease at 1053 Grubb St. in San Antonio. According to LoopNet Inc., the property, which offers renovated office and warehouse space, was built in 1979 and features 14- to 18-foot clear heights. David Durham, Patrick Rubsamen and Jack Gaffney of Finial Group represented the landlord, Sea of Japan Holdco LLC, in the lease negotiations.

August 30, 2023

Leasing Activity New Jersey Northeast Retail

Pure Hockey Signs 11,340 SF Retail Lease in Kenilworth, New Jersey

by Taylor Williams August 30, 2023

KENILWORTH, N.J. — Sporting equipment retailer Pure Hockey has signed a retail lease to open an 11,340-square-foot store in the Central New Jersey community of Kenilworth. The tenant, which operates about 60 stores nationwide, has backfilled and converted a space formerly occupied by a laundromat/dry cleaner. Marc Palestina and Chuck Lanyard of The Goldstein Group represented the landlord, an entity doing business as Kenilworth 2480 Route 22 LLC, in the lease negotiations. Dean Tselepis of Newmark represented the tenant.

August 30, 2023

Industrial Kansas Leasing Activity Midwest

Standard Motor Products Leases 574,732 SF Industrial Building at Hunt Midwest’s Heartland Logistics Park in Kansas

by Kristin Harlow August 30, 2023

SHAWNEE, KAN. — Standard Motor Products has leased Building II at Hunt Midwest’s Heartland Logistics Park in Shawnee. The global manufacturer and distributor of premium automotive parts will relocate from Edwardsville, Kan., to the 574,732-square-foot facility. The new space provides the tenant with 200,000 more square feet than its current footprint. The 113-acre Heartland Logistics Park will support more than 1 million square feet of industrial space. Plans call for a third building totaling 846,450 square feet and a fourth building spanning 187,200 square feet. The project team for Building II included Renaissance Infrastructure Consulting for civil engineering, Finkle + Williams Architecture for building design and Brinkmann Constructors as the general contractor. Louis Pascuzzi and Mark Long of Newmark Zimmer represented Standard Motor Products in the lease. Ed Elder and John Stafford of Colliers are handling leasing of the park.

August 30, 2023

Industrial Leasing Activity Texas

G2 Automated Technologies Signs 15,109 SF Industrial Lease Renewal in Northeast Dallas

by Taylor Williams August 29, 2023

DALLAS — G2 Automated Technologies, a manufacturer that serves the healthcare, energy and food processing industries, has signed a 15,109-square-foot industrial lease renewal at Park Forest Business Center in northeast Dallas. Jason Finch of Bradford Commercial Real Estate Services represented the landlord, Tyler Family Real Estate Investments LLC, in the lease negotiations. Dave Peterson of NAI Robert Lynn represented the tenant. The deal keeps the 200,500-square-foot industrial flex property at full occupancy.

August 29, 2023

Development Florida Leasing Activity Mixed-Use Restaurant Retail Southeast

PEBB, Falcone Group Sign Three New Restaurants to Beachwalk Mixed-Use Project in Jacksonville

by John Nelson August 29, 2023

JACKSONVILLE, FLA. — PEBB Enterprises and Falcone Group have signed three new restaurant tenants to join Beachwalk, a mixed-use project currently underway in Jacksonville. Starbucks Coffee, Fancy Sushi and Playa Bowls will occupy 2,500, 1,500 and 1,200 square feet, respectively. The new leases bring the retail and restaurant space at the development, which totals 170,000 square feet, to 55 percent occupancy. Other tenants at the project include Fysh Bar & Grill, Noire Nail Bar, F45 Fitness, BurgerFi, Supercuts, Kilwins, Bagels R Us, Island Fin Poke, The Covery and Union 76 Daybreak Market. Upon completion, the development will also feature a 130-room hotel and 348-unit apartment community.

August 29, 2023

Leasing Activity New York Northeast Office

BlueCrest Capital Management Signs 21,640 SF Office Lease in Midtown Manhattan

by Taylor Williams August 29, 2023

NEW YORK CITY — BlueCrest Capital Management, a British-American hedge fund, has signed a 21,640-square-foot office lease at 450 Park Avenue in Midtown Manhattan. The lease term is 15 years, and the space encompasses the entire 30th and 31st floors of the 33-story building. Daniel Posy and Joe Messina of JLL represented the tenant in the lease negotiations. Paul Amrich, Neil King, Alexander D’Amario and Maxwell Tarter of CBRE represented the landlord, SL Green.

August 29, 2023

Leasing Activity Retail Southeast Virginia

PGA Tour Superstore to Open 30,000 SF Store at Colonnades West Shopping Center in Metro Richmond

by John Nelson August 29, 2023

GLEN ALLEN, VA. — PGA Tour Superstore plans to open a 30,000-square-foot store at Colonnades West, a neighborhood shopping center located at the corner of Cox Road and West Broad Street in Glen Allen. Set to open in early 2024, the store will be the first PGA Tour Superstore in the greater Richmond market. The retailer is backfilling a former Office Max and will be positioned between Ross Dress for Less and Marshalls within the shopping center. Larry Agnew of S.L. Nusbaum Realty Co. represented the tenant in the lease negotiations. Harrison Hall and Peter Vick of Colliers represented the undisclosed landlord.

August 29, 2023

Acquisitions Build-to-Rent Content Partner Development Features Leasing Activity Midwest NAI Northeast Single-Family Rental Southeast Texas Western

Single-Family Rental, Built-to-Rent Investment Sales Outlook Remains Positive Despite Economic Challenges

by Sarah Daniels August 29, 2023

The multifamily sector is under general disruption from a variety of factors, such as falling valuations, financing difficulties, questions about forward net operating income, shifts in regulations and more. Chris Town, who works in commercial sales and leasing at NAI Latter & Blum in Baton Rouge, La., is an expert in single-family rental (SFR) and built-to-rent (BTR) investment sales. Town says that there are challenges, but a solid future ahead for the sector. The overarching challenges take the form of the Federal Reserve interest rate hikes. “It’s the major factor behind the immediate slowdown of home construction and home buying,” Town explains. “Another factor, of course, is land. These are true whether you’re talking true multifamily or the submarkets of BTR and SFR.” A combination of factors has created a tug-of-war among incentives. High interest rates, with home prices at or near historical highs, mean millions of people need places to live. Many of these potential homeowners have families and want the ameliorations and amenities of a detached single-family housing. “Depending on the metric and organization’s research used, you could say the country is five to six million units short on single-family homes,” Town says. The Larger Economy’s Impact on …

August 29, 2023

Industrial Leasing Activity Texas

Challenge Manufacturing Signs 91,364 SF Industrial Lease Renewal in Irving

by Taylor Williams August 28, 2023

IRVING, TEXAS — Challenge Manufacturing Co., a Michigan-based provider of automotive structures, has signed a 91,364-square-foot industrial lease renewal at 5101 Statesman Drive in Irving. According to commercialcafé.com, the building was constructed in 1984. Canon Shoults and Maddy Canty of Holt Lunsford Commercial represented the landlord, Oxford Properties, in the negotiations for the full-building lease. Nathan Orbin of JLL represented the tenant.

August 28, 2023

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