HOUSTON — CBRE has arranged a 34,000-square-foot industrial lease in southwest Houston. The tenant, industrial parts distributor Merit Brass, will occupy space at The Business Center at Five Corners, a five-building, 550,000-square-foot development. Nathan Wynne, Joseph Smith and Savannah Smith of CBRE represented the landlord, a partnership between locally based developer Levey Group and ANICO Eagle, in the lease negotiations. Reed Parker of Lee & Associates represented Merit Brass.
Leasing Activity
HOUSTON — Cushman & Wakefield has negotiated a 7,541-square-foot office lease at 1001 Fannin Street in downtown Houston. The 47-story, 1.3 million-square-foot building recently underwent a capital improvement program and features 25,000 square feet of retail and amenity space. Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord, JMB Realty, in the lease negotiations. Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant, law firm Hogan Thompson Schuelke.
NEW YORK CITY — Curtis + Ginsberg Architects has signed an 11-year, 12,602-square-foot office lease at One Battery Park Plaza in Lower Manhattan. The design firm is relocating its headquarters from 55 Broad St. to the 27th floor of the 35-story, 870,000-square-foot building. Ruth Colp-Haber of Wharton Property Advisors represented the tenant in the lease negotiations. Kevin Daly internally represented the landlord, Rudin, which originally developed the building in 1971.
ST. CHARLES, MO. — Gabe’s has opened a 76,000-square-foot store at Mark Twain Village in the St. Louis suburb of St. Charles. First National Realty Partners (FNRP) owns the property. The lease marks the first Gabe’s location within FNRP’s portfolio and the first Gabe’s store in the state of Missouri. Gabe’s is an off-price retailer offering fashion and footwear, essentials, beauty, accessories and home merchandise. Gabe’s occupies the space formerly home to Gordman’s. The center is now 97 percent leased. Other tenants include Bass Pro Shops, Duluth Trading Co., Dungarees and Aldi.
CHICAGO — Meeting Tomorrow, an audiovisual equipment rental company, has signed a lease for a 20,300-square-foot warehouse located at 4848 W. Lawrence Ave. in Chicago. Marc Hale and Ali Nix of DarwinPW Realty/CORFAC International represented the undisclosed landlord. Constructed in 1962, the building has been well-maintained and is furnished with racking and office furniture. It features one dock door and two drive-in doors.
IRVING, TEXAS — JLL has negotiated a 523,260-square-foot industrial lease at DFW Park 161, a 197-acre development in Irving. The tenant, auto parts provider LKQ, will space at Logistics Center 12, a 707,940-square-foot building that features 40-foot clear heights, 60-foot loading bays and 190-foot truck court depths. Kurt Griffin and Nathan Orbin of JLL represented the landlord, a joint venture between Dallas-based Perot Development Co. and Atlanta-based Invesco Real Estate, in the lease negotiations. Jacob Bobek and Tim Vogds of CBRE represented LKQ.
GRAND PRAIRIE, TEXAS — MHC Truck Leasing has signed a 20,020-square-foot industrial lease at 2626 W. Pioneer Parkway in Grand Prairie, located in the central part of the metroplex. The site spans 5.2 acres, and the building was completed in 2022, according to LoopNet Inc. Jarrett Huge and Alex Wilson of Lee & Associates represented tenant and the landlord, an entity doing business as Abdalla 2816 Pioneer LLC, in the lease negotiations.
CLAYTON, MO. — U.S. Capital Development (USCD) has completed the lease-up of Forsyth Pointe, a 14-story office building totaling 226,000 square feet in the St. Louis suburb of Clayton. Emerson leased the remaining 105,000 square feet at the building as the new home for its global corporate headquarters. With the lease signing, the property will be renamed Emerson Tower. UMB Bank provided financing for the project. Amenities at Emerson Tower include a conference center and the Garden Terrace, which features one acre of green space, various seating areas, a putting green, fire pits and a 7,000-square-foot fitness center. USCD served as developer and Brentwood-Forsyth Partners 1 LLC is the owner.
CHICAGO — Peak Realty Chicago has begun leasing efforts for a new 35-unit apartment building located at 2317 N. Clark St. in Chicago’s Lincoln Park neighborhood. The boutique development is located on the site of a former Walgreens. So far, 20 percent of the units have been leased in two weeks. The three-story building offers floor plans ranging from one- to three-bedroom units. Greif Properties was the developer.
HOUSTON — Ashford Dairy has signed a 52,000-square-foot industrial lease at The Business Center at Five Corners in southwest Houston. The space includes a commissary, test kitchen and a refrigerated storage area. Owned by Levey Group and ANICO Eagle, The Business Center at Five Corners spans 550,000 square feet across five buildings. Nathan Wynne, Joseph Smith and Savannah Smith of CBRE represented Levey Group in the lease negotiations. Will Clay of JLL represented the tenant.