Leasing Activity

NEW YORK CITY — German discount grocer Lidl will open a 34,484-square-foot store at Glen Oaks Shopping Center in Queens. Ken Schuckman of Schuckman Realty represented Lidl in the lease negotiations. Randall Briskin represented the landlord, The Feil Organization, on an internal basis. The store, which is scheduled to open sometime next year, will be Lidl’s third in the borough.

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DEERFIELD, ILL. — Bradford Allen has negotiated two leases totaling 35,000 square feet at 570 Lake Cook Road, a five-story office building in the northern Chicago suburb of Deerfield. The 138,000-square-foot office building was renovated last year. Venture X signed a 19,000-square-foot lease to open a new coworking location. Expected to open later this year, the location will be the company’s second within Chicagoland. Joel Berger of Bradford Allen represented ownership, while Vic Sanmiguel of Bespoke Commercial Real Estate represented the tenant. Planning and design consulting firm Kimley-Horn signed a long-term extension and expanded its footprint to 16,000 square feet. Berger represented ownership, while Hayden Rasmussen and Jon Azulay of Savills represented the tenant.

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CHESTER, N.J. — Dynamic Engineering Consultants has signed a 15,486-square-foot office lease expansion at 245 Main St. in the Northern New Jersey community of Chester. Dynamic Engineering has been a tenant at the property, which was originally built in the 1920s as a school building and converted to office usage in 2017, since 2006. Rob Marek represented the landlord, Larken Associates, in the lease negotiations on an internal basis.

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KANSAS CITY, MO. — The National Association of Insurance Commissioners (NAIC) has renewed its office lease at Eleven Eleven Main in Kansas City. The tenant plans to renovate its space, which totals about 109,000 rentable square feet across the fourth floor and floors eight through 11. Owner Copaken Brooks is involved in the property and construction management for the renovation project. Ryan Biery of Copaken Brooks represented ownership alongside CBRE’s Rollie Fors and Brice Shamberger. Sven Sykes, Tom Volini and Bryan Johnson of Colliers represented NAIC.

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CARROLLTON, TEXAS — Houston-based Network Cabling Services has signed a 9,573-square-foot industrial lease in the northern Dallas metro of Carrollton. The company will occupy space at Building 2 at Counter Point at Valwood, a two-building, 97,943-square-foot development. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an affiliate of Hay & Jones Inc., in the lease negotiations. Lee Owen of Compass Real Estate represented the tenant. Counter Point at Valwood is now 90 percent leased.

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DENVER — MTM Transit has leased an industrial outdoor storage (IOS) property in Denver. It is located at 280 West 62nd Ave.  The 22,689-square-foot space features outdoor storage that could suitably accommodate a 100-passenger van fleet. It is situated near strong population bases and offers access to Denver’s major freeways.  Mike Viehmann represented MTM in the lease transaction. 

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HAZLETON, PA. — Exceler Building Solutions, a provider of wall panels for the construction industry, has opened a 180,000-square-foot manufacturing plant in Hazleton, located roughly midway between Scranton and Allentown. The single-story, climate-controlled facility features a clear height of 40 feet, two loading docks, six drive-in docks and 10 production lines. The development team estimates that the project will add about 100 new jobs to the local economy.

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SARASOTA, FLA. — Sprouts Farmers Market has signed a 23,000-square-foot retail lease at Aster & Links, a mixed-use development underway in downtown Sarasota. The developer, Belpointe PREP LLC, is a publicly traded qualified opportunity fund based in Greenwich, Conn. Aster & Links is a Main Street-style development that comprises two high-rise buildings that will rise seven and 10 stories. The 424-unit property will include one-, two- and three-bedroom apartments and four-bedroom townhome-style penthouses, as well 900 parking spaces consisting of garage and surface parking. Amenities will include a clubroom, fitness room, center courtyard with heated saltwater pool and rooftop amenities including a community room and a private dining area for private events, as well as outdoor grills and seating. Leasing at Aster & Links is anticipated to begin in the first half of 2024. The target opening date for Sprouts was not disclosed.

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TOMBALL, TEXAS — Charlotte-based energy equipment provider Ameresco Solar has signed a 41,080-square-foot industrial lease renewal at South Live Oak Business Park in Tomball, a northwestern suburb of Houston. The property comprises two buildings on a 6.2-acre site in the downtown area. Tom Condon Jr. and John Grimsley of Colliers represented the landlord, Tomball Economic Development Corp., in the lease negotiations. Ameresco was self-represented.

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BEDFORD PARK, ILL. — Atlanta-based MDH Partners has completed the lease-up of 7447 S. Central Ave., a 118,218-square-foot industrial facility in the Chicago suburb of Bedford Park. Better Earth, a sustainable food service packaging company, has leased 55,718 square feet. Calvin Gunn of Lee & Associates represented the tenant, while Steve Connolly and Chris Gary of NAI Hiffman represented MDH. The property features four interior truck docks, 1,517 square feet of office space and a clear height of 21 feet. The building is one of six in the Chicago Infill Net Lease Portfolio, which MDH purchased in October 2021.

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