Leasing Activity

Social Cantina to Open 4,800 SF Restaurant at The Mill at Ironworks Plaza in Wisconsin

by Kristin Harlow June 30, 2022

MISHAWAKA, WIS. — Social Cantina will open a 4,800-square-foot restaurant at The Mill at Ironworks Plaza, an apartment complex in downtown Mishawaka. The Mexican restaurant serves tequilas, fresh margaritas, craft beer and classic Mexican dishes. Finney Hospitality Group owns the restaurant brand. The Mill at Ironworks Plaza, completed in 2019, features 232 luxury apartment units with 13,000 square feet of retail space. Earlier this year, Sun King unveiled plans to open a 6,700-square-foot tap room at the property. Flaherty & Collins Properties, the property owner, is finalizing plans on a second phase that will bring an additional 230 luxury apartment units and riverfront retail space. Construction on Phase II is expected to begin in spring 2023.

June 30, 2022

Leasing Activity New York Northeast Office

XOMOX Jewelry Signs 13,500 SF Office Lease in Midtown Manhattan

by Taylor Williams June 30, 2022

NEW YORK CITY — XOMOX Jewelry has signed a 13,500-square-foot office lease at 240 W. 40th St. in Midtown Manhattan. The fine jewelry manufacturer is expanding from a 6,500-square-foot space at 151 W. 46th St. and will occupy the entire ninth floor of the building for a term of 10 years. Michael Nazarian and Matt Kashani of Norman Bobrow & Co. represented the tenant in the lease negotiations. Daniel Lolai, Joel Kubie and Eric Siegel of LSL Advisors represented the landlord, The Sioni Group.

June 30, 2022

Leasing Activity Office Texas

DISCO Opens 46,000 SF Headquarters Office in Downtown Austin

by Taylor Williams June 29, 2022

AUSTIN, TEXAS — DISCO, a developer of cloud-based artificial intelligence solutions, has opened its 46,000-square-foot global headquarters office at One Eleven Congress in downtown Austin. Approximately 40 percent of the company’s 600 employees will work out of the headquarters space. DISCO, which also recently opened an office in New York, initially relocated its hub from Houston to Austin in 2018. Atlanta-based Cousins Properties owns One Eleven Congress.

June 29, 2022

Leasing Activity Michigan Midwest Office

FDIC Signs 6,000 SF Office Lease in Wixom, Michigan

by Kristin Harlow June 29, 2022

WIXOM, MICH. — Federal Deposit Insurance Corp. (FDIC) has signed a 6,000-square-foot office lease at 38000 Assembly Park Drive in Wixom, a western suburb of Detroit. FDIC will vacate offices in Livonia and Grand Rapids. The 36,000-square-foot office building is one of two office locations within Assembly Park, a mixed-use development. Construction of FDIC’s tenant buildout is expected to begin this month, with completion slated for the fall. Kelly Fisher and Neal Warling of JLL represented the landlord, General RV.

June 29, 2022

Leasing Activity Office Texas

Alto Opens 16,000 SF Headquarters Office in Dallas Design District

by Taylor Williams June 28, 2022

DALLAS — Ridesharing services provider Alto has opened its 16,000-square-foot headquarters office at 141 Manufacturing St. in the Dallas Design District. The space offers a rooftop lounge and kitchen and walking trails. Stream Realty Partners represented Alto in the lease negotiations. Quadrant Investment Properties owns the building, and Transwestern provides leasing services.

June 28, 2022

Acquisitions California Industrial Leasing Activity Retail Top Stories Western

Prologis Buys California’s Great America Amusement Park Site in Silicon Valley from Cedar Fair for $310M

by John Nelson June 28, 2022

SANTA CLARA, CALIF. — Cedar Fair LP (NYSE: FUN), an amusement and water parks owner and operator based in Sandusky, Ohio, has sold the land at California’s Great America amusement park in the Silicon Valley town of Santa Clara. Prologis (NYSE: PLD), an industrial REIT based in San Francisco, purchased the 112 acres for $310 million and executed a lease with Cedar Fair to continue operating the park. Cedar Fair plans to eventually close Great America, which was built in 1976 by Marriott International Inc. (NASDAQ: MAR). The park features more than 60 rides and rollercoasters, as well as the Planet Snoopy children’s park and South Bay Shores waterpark, according to the property website. Cedar Fair will continue to operate the park for a period of up to 11 years and then will close existing park operations at the end of the lease term. After 40 years of leasing Great America, Cedar Fair purchased the land from the City of Santa Clara in 2019 per an order from the State of California. The city purchased the park from Marriott in 1985. Following company-wide park closures from the COVID-19 pandemic, Cedar Fair explored options to raise revenue within its existing portfolio. …

June 28, 2022

Content Partner Development Features Leasing Activity Multifamily Southeast Tennessee Walker & Dunlop

A Rising Tech Titan Takes the Multifamily Spotlight

by Sarah Daniels June 28, 2022

Last year, a city known more for music than multifamily development led the nation in new construction growth rates, with luxury high rises popping up from downtown to the Gulch to along the Cumberland River. Nashville, attracting an abundance of debt and equity funding from sources old and new, is now considered an institutional-grade market. The driving force behind this growth: technology. Today, singers, songwriters and studio artists share the city with a growing number of software developers, systems architects and startup founders — and all of these innovators need a place to live, work, shop and play. Nashville’s tech evolution started from a solid foundation in healthcare, automotive and education, including HCA Healthcare and its associated startups, spinoffs and subsidiaries and an automotive hub that includes North American headquarters for Nissan and Korean tire manufacturer Hankook, as well as EV and battery cell manufacturing plants for GM. Twenty nine institutions of higher education, including Vanderbilt University, further helped develop a strong pipeline of tech talent. This ecosystem and a business-friendly climate have attracted some of the nation’s top tech employers: Amazon, who chose the metropolitan area for its much-coveted Center of Excellence; Oracle, relocating from Austin; and Capgemini, whose …

June 28, 2022

Development Georgia Industrial Leasing Activity Southeast

DHL Signs 516,800 SF Lease at Savannah Gateway Industrial Hub

by John Nelson June 27, 2022

SAVANNAH, GA. — DHL, a German logistics company, has leased 516,800 square feet of industrial space within Savannah Gateway Industrial Hub (SGIH) for its new “import facility.” The 2,600-acre industrial campus underway near the Port of Savannah is a public-private partnership between Broe Real Estate Group, its transportation affiliate OmniTRAX and the Effingham County Industrial Development Authority. DHL will anchor a new 790,400-square-foot cross-dock facility that is scheduled to come on line in August. Other facilities underway in the first phase of SGIH include a 380,000-square-foot, dual-rail-served building and a 940,000-square-foot property set to break ground this summer. At full buildout, Broe estimates that SGIH could span up to 20 million square feet of industrial space.

June 27, 2022

Industrial Leasing Activity Michigan Midwest

Diversified Synergies Signs 200,000 SF Industrial Lease in Detroit

by Kristin Harlow June 27, 2022

DETROIT — Diversified Synergies LLC has signed a 200,000-square-foot industrial lease at 201 Waterman St. in Detroit’s Delray neighborhood. The Bedrock-owned Fort Street Industrial Campus, formerly named the Sakthi Industrial Campus, is slated to open as early as July. Diversified Synergies packages and distributes products for pharmaceutical, food and consumer goods for Fortune 500 companies. The Highland Park, Mich.-based company is a joint venture between Staffing Synergies Inc. and Diversified Chemical Technology Inc. Bedrock acquired the former Sakthi Industrial Campus in September 2020. The property features roughly 529,000 square feet of industrial space, 89,000 square feet of flex office space and more than 10 acres of developable land. Bedrock is the full-service real estate arm of billionaire businessman Dan Gilbert.

June 27, 2022

Leasing Activity Office Texas

CTCI Americas Signs 49,662 SF Office Lease in Houston’s Energy Corridor

by Taylor Williams June 24, 2022

HOUSTON — Engineering and construction firm CTCI Americas Inc. has signed a 49,662-square-foot office lease at 15721 Park Row in Houston’s Energy Corridor. The six-story, 145,000-square-foot building offers a tenant lounge, conference facilities and an outdoor collaboration area. Josh Morrow of Avison Young represented the tenant in the lease negotiations. Steve Rocher, Parker Duffie and Jenny Mueller of CBRE represented the landlord, BH Properties.

June 24, 2022

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