PHILADELPHIA — Grocery chain GIANT will open a 50,000-square-foot store at Andorra Shopping Center in Philadelphia. The center’s owner, Federal Realty Investment Trust, will develop the grocery space from the ground up beginning next year and also reposition 30,000 square feet of existing retail space. The two projects represent a combined investment of $25 million. Repositioning plans include the addition of landscaped plazas, outdoor dining and curbside pick-up spaces as well as expanded sidewalks.
Leasing Activity
HOBOKEN, N.J. — Sumitomo Mitsui Trust Bank has signed a 30,000-square-foot office lease in Hoboken. The affiliate of the Japanese lender is taking space on the ninth floor of Building 1 at Waterfront Corporate Center, a 1.5 million-square-foot complex owned by New York City-based SJP Properties. Harrison Russell of Newmark represented the tenant in the lease negotiations.
COCONUT CREEK, FLA. — Four new tenants have signed leases at Promenade at Coconut Creek, a shopping center located in Coconut Creek, approximately 15 miles north of downtown Fort Lauderdale. Fragrance store Orientica is now open at the property, within a 1,045-square-foot space. Karma Bath & Body Co. is scheduled to open a 1,868-square-foot store later this month, and My Phone Lab and Happy Monkey will occupy 1,801 and 1,000 square feet, respectively, beginning in October. Avison Young manages and leases Promenade at Coconut Creek on behalf of the owner, Charlotte-based Hill Partners Inc.
ALLEN, TEXAS — Newmark has negotiated an 15,000-square-foot office headquarters lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The tenant, Fibergrate Structures, a provider of composite building materials and anti-slip surfaces, will move in to the 102,000-square-foot FARMWorks One building early next year. Nathan Durham and Duane Hendley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Mac Morse, Jakey Younger and Scott Morse with Citadel Partners represented the tenant.
FORT WORTH, TEXAS — Cheeseburger restaurant chain Smalls Sliders has signed a new franchise deal to open six new restaurants in the Fort Worth metro area. Franchisee Brett Stewart will operate the restaurants, which are dubbed “Cans.” Locations will include Fort Worth, White Settlement, Weatherford, Granbury, Cleburne and Stephenville. The first of the new units is scheduled to open in 2025. Smalls Sliders was founded in 2019 and now has a portfolio of more than 300 restaurants currently open or under development.
HARTFORD, CONN. — Law firm Robinson + Cole has opened a new, 75,000-square-foot office at One State Street in downtown Hartford. One State Street, which is owned by Houston-based Hines, overlooks the Connecticut River, and the 24-story, 500,000-square-foot building offers multiple outdoor-based amenities. Washington, D.C.-based architecture firm Studio Alliance designed the space to feature energy-generating glass offices, collaboration spaces to support teams from two to 30 and a focus on exposure to natural lighting throughout. General contractor Pavarini Northeast handled the build-out.
NEW CANEY, TEXAS — Lumos, an entertainment concept that features activities such as bowling, laser tag, axe throwing and arcade games, will open a 45,000-square-foot venue in New Caney, a northeastern suburb of Houston. The space is located within the 1,400-acre Valley Ranch master-planned community and will include a 6,000-square-foot area for virtual reality, karaoke and private events, as well as a cocktail bar, restaurant and outdoor patio. The opening is scheduled for next spring. Signorelli Co. owns Valley Ranch.
HOUSTON — Wylie & Associates has signed a 14,453-square-foot office lease in West Houston. The engineering firm is relocating from 1 Greenway Plaza to the building at 1177 W. Loop S. Anthony Squillante and Dustin Devine of Avison Young represented the tenant in the lease negotiations. Kelli Gault and Doug Little of Transwestern represented the landlord, Hicks Ventures. Wylie & Associates plans to take occupancy of its new space in March 2025.
EDEN PRAIRIE, MINN. — Five new tenants have opened or are coming soon to Eden Prairie Center in the Minneapolis suburb of Eden Prairie. Wonders Ice Cream, Reborn Salon and Virtual Realms Adventures are now open. Costumes & Toys and Cielito Lindo are slated to open this fall. Wonders Ice Cream is a family-owned and operated rolled ice cream shop in Minnesota by Julio and Michael Soriano. The 293-square-foot ice cream shop is located on the lower level in Center Court. Reborn Salon offers a full range of professional services, including haircuts, color, treatments, special occasion styling and makeup application. The 1,190-square-foot salon, located on the upper level near Target, is owned and operated by stylist Bella Roberts. Virtual Realms Adventures offers an entertainment experience for guests to enjoy a variety of games through virtual reality goggles. The tenant is located on the lower level near Kohl’s. Costumes & Toys offers children’s superhero costumes, accessories and 3D posters along with kids’ toys and pet accessories. The 1,020-square-foot store will be located on the lower level near Kohl’s. Cielito Lindo, founded in 2016, offers authentic Mexican cuisine. The restaurant’s Eden Prairie location marks its fourth in Minnesota and will be situated …
ALSIP, ILL. — Bossard, a fastener distributor, has renewed its 68,310-square-foot industrial lease at 11800 S. Austin Ave. in Alsip. The 162,000-square-foot warehouse was constructed in 2005. Brian Vanosky, Michael O’Leary and Dylan Maher of Lee & Associates represented the owner, Cabot Properties. Ken Franzese, John Cassidy and Jim Martin of Lee & Associates represented the tenant.