Leasing Activity

Sony Pictures Leases 225,200 SF at Wilshire Courtyard Office Building in Los Angeles

by Amy Works February 7, 2023

LOS ANGELES — Sony Pictures Entertainment has signed a long-term, multi-floor lease to occupy 225,239 square feet of office space at Wilshire Courtyard, a two-building, Class A office campus on Los Angeles’ Miracle Mile. The company is relocating select divisions from Culver City to the new offices at 5750 Wilshire Blvd. Josh Bernstein, Peter Collins, Scott Menkus and Alexa Delahooke of Cushman & Wakefield represented the landlord, Onni Group, while Josh Gorin and Mike Catalano of Savills represented Sony in the lease negotiations. Neal Linthicum of Onni managed the transaction on the company’s behalf. Wilshire Courtyard comprises two six-story office buildings, located at 5700 and 5750 Wilshire Blvd., totaling 1 million square feet. The buildings were originally developed in the late 1980s and underwent significant interior and exterior renovations in 2015. The asset features 125 tiered outdoor balconies for indoor/outdoor work, an onsite Equinox Fitness, renovated common areas and plazas, and a park with jogging trails. Additionally, Onni is adding an amenity center to the property with a golf simulator, multi-screen entertainment center, tenant lounge and conference facility.

February 7, 2023

Development Leasing Activity Midwest Office Wisconsin

Mosaic Construction Completes Renovation of Workspace for Expansive in Downtown Milwaukee

by Kristin Harlow February 7, 2023

MILWAUKEE — Mosaic Construction LLC has completed a renovation project for flexible workspace provider Expansive at 790 N. Milwaukee St. in downtown Milwaukee. This latest project follows five other renovations that Mosaic has completed for Expansive in downtown Chicago. At Expansive Milwaukee, Cathedral Square, Mosaic converted a roughly 4,500-square-foot, second-floor office space into four individual Club Suites, which are speculative suites with private offices and glass-enclosed conference rooms. Mosaic also installed new HVAC, flooring, glass walls and lighting fixtures. The six-story office building is located between the Milwaukee River and Milwaukee Bay, adjacent to Cathedral Square Park.

February 7, 2023

Industrial Leasing Activity Texas

Rigmore Signs 102,152 SF Industrial Lease in East Houston

by Taylor Williams February 7, 2023

HOUSTON — Logistics and warehousing services provider RigMore has signed a 102,152-square-foot industrial lease in East Houston. According to LoopNet Inc., the building at 2425 Broad St. was built in 1957 and totals 166,440 square feet. Michael Keegan and Andrew Laycock of Partners represented the landlord, an entity doing business as SL5 Urban Industrial GP LLC, in the lease negotiations. The representative of the tenant was not disclosed.

February 7, 2023

Leasing Activity New Jersey Northeast Office

EXL Signs 17,712 SF Office Lease Renewal in Jersey City

by Taylor Williams February 7, 2023

JERSEY CITY, N.J. — Business management consulting firm EXL has signed a 17,712-square-foot office lease renewal at 10 Exchange Place, a 30-story, 740,354-square-foot building in Jersey City. David DeMatteis, Nicholas Dysenchuk and Robert Lowe of Cushman & Wakefield represented the landlord, an affiliate of Canadian insurance and financial services giant Manulife, in the lease negotiations. Scott Bogetti and Meghan Marchini of Savills represented the tenant.

February 7, 2023

Industrial Leasing Activity Texas

Careismatic Brands Signs 1 MSF Industrial Lease in Southwest Dallas

by Taylor Williams February 6, 2023

DALLAS — Careismatic Brands, a California-based designer and distributor of apparel, footwear and accessories, has signed a 1 million-square-foot industrial lease at I-20 Logistics Park in southwest Dallas. The newly built facility offers 40-foot clear heights, 170 dock-high doors and 246 trailer parking stalls. Nathan Lawrence and Krista Raymond of KBC Advisors represented the landlord, a partnership between Ares Development and Archway Properties, in the lease negotiations. Jim Hazard and Brad Struck of Cresa represented Careismatic Brands.

February 6, 2023

Industrial Leasing Activity Texas

Partners Negotiates 116,176 SF Industrial Lease in Schertz, Texas

by Taylor Williams February 6, 2023

SCHERTZ, TEXAS — Partners, the Houston-based investment and brokerage firm formerly known as NAI Partners, has negotiated a 116,176-square-foot industrial lease in Schertz, a northeastern suburb of San Antonio. According to LoopNet Inc., the property at 9870 Doer Lane totals 307,000 square feet and features 32-foot clear heights. John Colgalzier of Partners represented the landlord, an entity doing business as Baltisse-Ackerman Schertz, in the lease negotiations. The representative of the tenant, third-party logistics firm Quality Custom Distribution Services, was not disclosed.

February 6, 2023

Leasing Activity Midwest Missouri Office

Kadean Construction to Relocate St. Louis Office to Sunset Hills, Missouri

by Kristin Harlow February 6, 2023

SUNSET HILLS, MO. — In April, Kadean Construction will move its St. Louis office from Fenton to Sunset Hills. The contractor will occupy roughly 10,500 square feet within Laumeier Office Park Building 4 after an approximately $1.2 million renovation and buildout is completed. Kadean’s architecture team is leading the design of the new space with assistance from eddy Design Group. The move comes as Kadean’s office staff has grown from 20 employees to 36 over the past 15 months. The new office will feature conference rooms, training areas and collaboration space. Kadean is also finalizing a lease for roughly 4,600 square feet of warehouse space in the Westport area to relocate and accommodate its expanding storage needs. Kadean also has an office in Kansas City. Total company employment now stands at 85. The construction firm has grown from $85.2 million in revenue in 2019 to an estimated $340 million in 2022.

February 6, 2023

Leasing Activity New York Northeast Office

CBS Broadcasting Signs 186,882 SF Office Lease Renewal in Manhattan

by Taylor Williams February 6, 2023

NEW YORK CITY — CBS Broadcasting has signed a five-year, 186,882-square-foot office lease renewal at 555 W. 57th St. in Manhattan’s Hell’s Kitchen neighborhood. The 20-story building, which was completed in 2005, was originally known as the Ford Motors Building due to the automotive giant’s showroom on the ground floor. BMW now occupies that space. Scott Gottlieb, Andrew Sussman and Rocco Laginestra of CBRE represented the tenant in the lease negotiations. The landlord, SL Green, was self-represented.

February 6, 2023

Industrial Leasing Activity Texas

Finial Group Negotiates 244,550 SF Industrial Lease in North Houston

by Taylor Williams February 3, 2023

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 244,550-square-foot industrial lease at 121 Esplanade Blvd. in North Houston. The tenant, Maxam Tire North America, a global distributor of specialty tires, plans to occupy the entirety of the facility. Jack Gaffney and William Alcorn of Finial Group represented Maxam Tire in the lease negotiations. Richard Quarles, Joseph Berwick and Eliza Klein of JLL represented the landlord, Pennsylvania-based Equus Capital Partners.

February 3, 2023

Industrial Leasing Activity Texas

UPS Supply Chain Solutions Signs 175,562 SF Industrial Lease in Schertz, Texas

by Taylor Williams February 3, 2023

SCHERTZ, TEXAS — UPS Supply Chain Solutions has signed a 175,562-square-foot lease at Enterprise Industrial Park in Schertz, a northeastern suburb of San Antonio. John Colglazier, Carlos Marquez and Kyle Kennan of Partners represented the landlord, institutional investment firm BentallGreenOak, in the lease negotiations. Dallas-based brokerage firm ESRP represented the tenant, which will occupy the entirety of Building VII.

February 3, 2023

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