Leasing Activity

Academy Sports Opens 80,000 SF Store in Lexington, Kentucky

by John Nelson November 4, 2022

LEXINGTON, KY. — Academy Sports + Outdoors has opened an 80,000-square-foot store within South Park Shopping Center, a retail center located at 3200 Nicholasville Road in Lexington. Kaden Cos. is the landlord of South Park, which also houses Ulta Beauty, Best Buy, Burlington and Value City Furniture. The new store is the sixth Academy Sports location in Kentucky and its first in Lexington. Academy Sports plans to open nine stores this year and another 80 to 100 new locations over the next five years. The Katy, Texas-based company currently operates 264 stores across 17 states.

November 4, 2022

Leasing Activity Massachusetts Northeast Office

Industrious Opens 35,441 SF Coworking Space in Dedham, Massachusetts

by Taylor Williams November 3, 2022

DEDHAM, MASS. — Coworking concept Industrious has opened a 35,441-square-foot flexible workspace in Dedham, a southwestern suburb of Boston. Industrious Legacy Place will be a pet-friendly space with a total of 400 seats and 13 conference and meeting rooms, as well as lounges and a library. The space is the seventh in the Boston area for Industrious, which has more than 150 locations across 65 U.S. and international cities.

November 3, 2022

Acquisitions Content Partner Development Features Industrial Leasing Activity Lee & Associates Midwest Multifamily Northeast Office Retail Southeast Texas Western

Lee & Associates’ Third-Quarter 2022 Economic Rundown by Sector

by Sarah Daniels November 3, 2022

Lee & Associates’ newly released 2022 Q3 North America Market Report examines third-quarter 2022 industrial, office, retail and multifamily outlooks throughout the United States. This sector-based review of commercial real estate trends for the third quarter of the year examines the difficulties facing each asset class and where opportunities in the commercial real estate landscape may be emerging. Lee & Associates has made the full market report available here (with further breakdowns of factors like vacancy rates, market rents, inventory square footage and cap rates by city), but the summaries below provide high-level considerations of the overall health and obstacles for the industrial, office, retail and multifamily sectors. Industrial Overview: High Rent, Low Vacancy Everywhere North American industrial space availability is tight everywhere while rent growth and property prices remain near or have moved beyond historic highs. Through the third quarter, the United States’ vacancy rate settled at 4 percent, up 10 basis points from second quarter 2022. Average rents increased 11.4 percent year over year with gains of 19 percent in Miami, 18.7 percent in Southern California’s Inland Empire, 16 percent in Phoenix and 14.6 percent in Atlanta. Since the COVID lockdown in March of 2020, developers of U.S. logistics space have been …

November 3, 2022

Civic Leasing Activity New York Northeast

IDEAL School of Manhattan Signs 63,000 SF Lease in Financial District

by Taylor Williams November 2, 2022

NEW YORK CITY — The IDEAL School of Manhattan, a K-12 independent learning institution, has signed a 63,000-square-foot lease at 5 Hanover Square in the borough’s Financial District. The IDEAL School will occupy floors two through five, as well as a portion of the ground floor, of the 25-story building. Eliza Gordon, John Wheeler and Mitch Konsker of JLL represented the landlord, Los Angeles-based CIM Group, in the lease negotiations. Brent Ozarowski and Leslie Harwood of Newmark represented the tenant, which plans to relocate to 5 Hanover Square from the Upper West Side in summer 2023.

November 2, 2022

Leasing Activity Midwest Minnesota Office

Workbox Signs 27,748 SF Office Lease in Downtown Minneapolis

by Kristin Harlow November 1, 2022

MINNEAPOLIS — Workbox, a flexible office operator, has signed a 27,748-square-foot lease at Deluxe Plaza in downtown Minneapolis. The firm will open its new space on Wednesday, Nov. 2. The lease represents the fifth location for Workbox and its first outside of Chicago. Deluxe Plaza has recently undergone renovations and offers amenities such as a tenant lounge, rooftop deck, fitness center and training center. Larissa Bodine, Ann Rinde and Mark McCary of CBRE represented ownership, Franklin Street Properties. Ryan Cos. is the property manager.

November 1, 2022

Illinois Leasing Activity Midwest Office

Law Firm Nisen & Elliott Relocates Chicago Office

by Kristin Harlow November 1, 2022

CHICAGO — Law firm Nisen & Elliott LLC is relocating its Chicago office from 200 W. Adams St. to a 15,417-square-foot space at 180 N. LaSalle St. The firm will take occupancy of the new space in November. The lease represents the firm’s first relocation in over 35 years. Eric Feinberg, John Goodman and Isabel Preskill of Savills represented Nisen & Elliott. The property rises 38 stories in the Loop. Building owner Ivanhoe Cambridge has recently made upgrades to the lobby and conferencing facilities.

November 1, 2022

Leasing Activity Michigan Midwest Office

L. Mason Capitani CORFAC International Moves Headquarters in Troy, Michigan

by Kristin Harlow November 1, 2022

TROY, MICH. — L. Mason Capitani CORFAC International has relocated its headquarters from 2301 W. Big Beaver Road to 1111 W. Long Lake Road in Troy. The new headquarters also houses sister company Liberty Property & Asset Management. The two-floor office features open meeting areas, conference rooms, workstations and ample natural light. The space also includes Liberty’s construction and design center, which provides property owners and tenants the opportunity to select and approve plans, specifications and finishes for projects.

November 1, 2022

Healthcare Leasing Activity Michigan Midwest Office

Kalamazoo Child and Family Counseling to Open New Location in West Michigan

by Kristin Harlow November 1, 2022

KALAMAZOO, MICH. — Kalamazoo Child and Family Counseling PLLC is opening a second location in West Michigan at The Atriums Office Park in Kalamazoo. The property is located at 4341 S. Westnedge Ave. Kalamazoo Child and Family Counseling is a mental health clinic dedicated to serving children and teens that have anxiety, post-traumatic stress disorder, grief and loss or disruptive behaviors. The practice’s primary office is in Portage. The new location will provide all the same services as the Portage location and is slated to open in November. Kara Schroer of NAI Wisinski of West Michigan represented both the undisclosed landlord and the tenant in the lease.

November 1, 2022

Healthcare Leasing Activity New Jersey Northeast

Summit Health Opens 100,000 SF Medial Office Building in Clifton, New Jersey

by Taylor Williams October 31, 2022

CLIFTON, N.J. — Summit Health has opened a 100,000-square-foot medical office building at 1255 Broad St. in the Northern New Jersey community of Clifton. Among the specialty practices housed within the facility are primary care, family medicine, dermatology, orthopedics, urology, breast care, imaging and lab services and comprehensive cancer care. Gensler designed the facility, which also features 118 exam rooms and an urgent care clinic operated by CityMD.

October 31, 2022

Leasing Activity Office Texas

Kimley-Horn Signs 25,767 SF Office Lease in Irving’s Las Colinas District

by Taylor Williams October 28, 2022

IRVING, TEXAS — Engineering firm Kimley-Horn has signed a 25,767-square-foot office lease at Mandalay Tower 2, a 16-story building within Irving’s Las Colinas district. Rodney Helm, Zach Bean and Chris Taylor of Cushman & Wakefield represented the landlord, Parmenter Realty Partners, in the lease negotiations. Kimley-Horn plans to move into Mandalay Tower 2, which offers a restaurant, fitness center, sundry shop and conference facilities, in May 2023.

October 28, 2022

Newer Posts

Older Posts