Leasing Activity

Tishman Speyer Secures Lease Renewals with Katten, Chubb at Chicago Office Tower

by Kristin Harlow February 3, 2023

CHICAGO — Tishman Speyer has secured lease renewals with Katten and Chubb at 525 West Monroe Street in Chicago’s West Loop. Law firm Katten was among the first companies to commit to the 25-story office building upon its completion in 1983. Katten will maintain its headquarters across 204,000 square feet. As part of the lease negotiation, Tishman Speyer will create two new outdoor terraces for Katten’s exclusive use. Chubb, a publicly traded property and casualty insurance company, has been based at the office property for more than two decades. The firm signed a lease for 92,032 square feet and will consolidate its local workforce from three downtown Chicago offices into a newly designed space. Tishman Speyer is finalizing a major renovation of 525 West Monroe, including a new outdoor plaza, entrances and lobby. Designed by Michaelis Boyd Associates and MDEAS, the hospitality-inspired lobby incorporates a variety of seating areas for gathering, working and dining. Tishman Speyer is also introducing The Foyer, an all-day café concept created in partnership with Infuse Hospitality. The Foyer, which will include a bar and table service plus outdoor seating, will serve breakfast and lunch, grab-and-go offerings, craft coffee and curated cocktails to building occupants and …

February 3, 2023

Leasing Activity Midwest Ohio Retail

CASTO Unveils New Retail Tenants at Hamilton Quarter in Columbus, Ohio

by Kristin Harlow February 3, 2023

COLUMBUS, OHIO — CASTO has unveiled new retail tenants for the Hamilton Quarter mixed-use development in Columbus. The new tenants include DiBella’s Subs, Torchy’s Tacos, KEMBA Financial Credit Union and Bath & Body Works. Located at the interchange of Hamilton Road and State Route 161, Hamilton Quarter is a 200-acre project. Plans call for 600,000 square feet of office space, 1 million square feet of retail, restaurant and entertainment space, and a hotel. The project is a joint venture between Casto, Daimler, The New Albany Co. and Capitol Square Ltd.

February 3, 2023

California Industrial Leasing Activity Western

NFI Industries Renews 864,000 SF Industrial Lease in Perris, California

by Amy Works February 3, 2023

PERRIS, CALIF. — NFI Industries, a supply chain solutions provider, has renewed its 864,000-square-foot lease at Perris Distribution Center in Perris. Mark Kegans, Ron Washle and Dean Washle of Newmark represented the landlord, Ares Management (formerly known as Black Creek Group). Located at 657 Nance St., Perris Distribution Center is a two-story, cross-dock facility expandable to 1.1 million square feet. The buildings offer 7,000 square feet of office space, minimum 36-foot warehouse clearance, ESFR sprinkler systems, LED warehouse lighting, 112 dock-high loading doors and concrete truck courts. The 43-acre parcel offers 298 auto parking spaces and 224 trailer parking spaces, including an auxiliary parcel to accommodate up to 154 trailer parking spaces or 530 auto parking spaces.

February 3, 2023

Civic Leasing Activity New York Northeast Office

Ireland House Signs 43,108 SF Office Lease at 200 Park Avenue in Manhattan

by Taylor Williams February 2, 2023

NEW YORK CITY — Ireland House, a civic body that represents the Irish government in the United States, has signed a 43,108-square-foot office lease at 200 Park Avenue in Manhattan. David Goldstein, Jim Wenk, Sam Mann and Allison Buck of Savills represented the tenant in the lease negotiations. Megan Sheehan, Gus Field and Sam Brodsky internally represented the landlord, Tishman Speyer.

February 2, 2023

Leasing Activity New York Northeast Office

Cresa Negotiates 18,476 SF Office Lease at One Madison Avenue in Manhattan

by Taylor Williams February 2, 2023

NEW YORK CITY — Cresa has negotiated an 18,476-square-foot office lease at One Madison Avenue in Midtown Manhattan. The tenant, alternative investment firm 777 Partners, has committed to the entire 27th floor for a 15-year term. Peter Sabesan and Gregg Cohen of Cresa represented the tenant in the lease negotiations. Paul Glickman, Alexander Chudnoff, Diana Biasotti and Benjamin Bass of JLL represented the landlord, SL Green.

February 2, 2023

Industrial Leasing Activity Lee & Associates Texas

Artemis Fine Art Services Signs 59,000 SF Industrial Lease in Northwest Dallas

by Taylor Williams February 1, 2023

DALLAS — Artemis Fine Art Services, which provides artwork shipping and handling services, has signed a 59,000-square-foot industrial lease at 10405 Shady Trail in northwest Dallas. According to LoopNet Inc., the building sits on 4.8 acres and totals 116,140 square feet. Adam Graham and Ken Wesson of Lee & Associates represented the landlord, Mississippi-based REIT EastGroup Properties, in the lease negotiations. The representative of the tenant was not disclosed.

February 1, 2023

Development Georgia Leasing Activity Mixed-Use Restaurant Retail Southeast

GID Signs Four New Retailers to Join $2B High Street Mixed-Use Development in Atlanta

by John Nelson February 1, 2023

ATLANTA — GID Development has signed four new tenants to join High Street, a $2 billion mixed-use, transit-oriented development underway in Atlanta’s Central Perimeter submarket. Phase I of the development, which will span 10 city blocks near the Dunwoody MARTA station, is set to come on line in 2024. The new tenants joining High Street include three food-and-beverage concepts — Agave Bandido, Cuddlefish and Ben & Jerry’s — as well as boutique beauty salon Sugarcoat. Previously committed tenants at High Street include Puttshack and Hampton Social. In addition to 150,000 square feet of retail and restaurant space, the development will feature 90,000 square feet of new loft offices, 600 apartments and a signature park.

February 1, 2023

Leasing Activity New York Northeast Office

Verizon Signs 19,534 SF Office Lease Renewal in White Plains, New York

by Taylor Williams February 1, 2023

WHITE PLAINS, N.Y. — Telecommunications giant Verizon has signed a 19,534-square-foot office lease renewal at One North Broadway in White Plains, located north of New York City. According to LoopNet Inc., the building was constructed in 1968 and renovated in 2019, rises 15 stories and totals 375,365 square feet. Matthew Lisk, Steve Baker and Tara Long of Cushman & Wakefield represented the landlord, Argent Ventures, in the lease negotiations. Baker also represented Verizon in conjunction with Josh Kuriloff of Cushman & Wakefield.

February 1, 2023

Industrial Leasing Activity Midwest Wisconsin

Phelps Pet Products Signs 179,000 SF Industrial Lease in Janesville, Wisconsin

by Kristin Harlow February 1, 2023

JANESVILLE, WIS. — Phelps Pet Products, a manufacturer of specialty dog treats, has signed a 179,000-square-foot industrial lease at 400 W. Venture Drive in Janesville, a city in southern Wisconsin. The brand-new building features 18 loading docks, 25 trailer parking stalls and 175 car parking spaces. Michael Prost and Sergio Chapa of Newmark represented the tenant. The name of the landlord was not disclosed.

February 1, 2023

Georgia Leasing Activity Office Southeast

Tech Firm Signs Office Lease Expansion in Atlanta’s Cumberland-Galleria Submarket

by John Nelson January 31, 2023

ATLANTA — Accel-KKR, a private equity tech firm based in Silicon Valley, has signed an office lease expansion at Galleria 300, a 20-story office building in Atlanta’s Cumberland-Galleria submarket. Andrew Walker of Colliers represented the tenant in the lease negotiations with the owner, Piedmont Office Realty Trust. Situated within walking distance of The Battery and Truist Park, Accel-KKR’s new office footprint will total approximately 24,000 square feet. The firm will occupy the entire 19th floor and will triple its staff at the property, which serves as the company’s East Coast headquarters. Other tenants of Galleria 300 include Cumberland Group, TSCG, Childress Klein and PowerPlan.

January 31, 2023

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