Leasing Activity

Proactive Supply Chain Group Signs 227,300 SF Industrial Lease in Seabrook, Texas

by Taylor Williams March 22, 2023

SEABROOK, TEXAS — Proactive Supply Chain Group has signed a 227,300-square-foot industrial lease in Seabrook, about 30 miles southeast of Houston. The third-party logistics firm will occupy half the space at Bayport 146 Distribution Center, a cross-dock facility that was completed earlier this year by Transwestern Development Co. Carter Thurmond of Transwestern represented the tenant in the lease negotiations. Brian Gammill, Nick Peterson and Darryl Noon, also with Transwestern, represented the landlord, a fund backed by Ares Management that purchased the asset post-delivery.

March 22, 2023

Industrial Leasing Activity Texas

Avison Young Negotiates 45,846 SF Industrial Lease in Houston

by Taylor Williams March 22, 2023

HOUSTON — Avison Young has negotiated a 45,846-square-foot industrial lease at 8850 Fallbrook Drive in Houston. Anthony Squillante and Drew Coupe of Avison Young represented the tenant, Cougar USA, a supplier of water control systems, in the lease negotiations. Jeremy Lumbreras and William Carpenter of Stream Realty Partners represented the landlord, Prologis. Cougar USA will use the space, which includes 18,009 square feet for office usage, as its new headquarters and plans to move in this summer.

March 22, 2023

301-321-Herrod-Blvd.-South-Brunswick-New-Jersey

Industrial Leasing Activity Lee & Associates New Jersey Northeast

GXO Logistics Signs 611,000 SF Industrial Lease in South Brunswick, New Jersey

by Taylor Williams March 22, 2023

SOUTH BRUNSWICK, N.J. — GXO Logistics has signed a 611,000-square-foot industrial lease in South Brunswick, located in Middlesex County. The third-party freight company will occupy the entirety of the building at 301-321 Herrod Blvd., which sits on a 40-acre site. Dave Saltzman of Lee & Associates represented the tenant in the lease negotiations. Marc Petrella of KBC Advisors represented the landlord, Link Properties, which will implement various capital improvements to the property prior to GXO moving in. These upgrades will include renovating the office space, providing new LED lighting and adding new dock doors. Link Properties will also reseal and stripe all warehouse floors and outside paved areas, including parking lots and truck courts.

March 22, 2023

California Leasing Activity Office Western

Shartsis Friese Law Firm Relocates Offices Within San Francisco’s Financial District

by Jeff Shaw March 22, 2023

SAN FRANCISCO — Shartsis Friese LLP has relocated to a 26,000-square-foot office space at 425 Market St. in San Francisco’s Financial District. This is the first time the national law firm has moved headquarters in more than 30 years. It will occupy the space in early 2024. Interior improvement design is now underway on the new 11th-floor space. Gensler and JLL Project & Development Services are working with the tenant to create a modern workplace befitting the evolving needs of the workforce both today and in the future. JLL’s Hugh “Scotty” Scott, Matt Aljets and Travis James represented Shartsis Friese in the lease transaction. JLL project manager Michael Payne leads the interior improvements efforts. Skyline Construction is general contractor. MetLife and Norges own the building.

March 22, 2023

Industrial Leasing Activity Maryland Southeast

Washington Metropolitan Area Transit Authority Signs 90,473 SF Warehouse Lease in Landover, Maryland

by John Nelson March 21, 2023

LANDOVER, MD. — The Washington Metropolitan Area Transit Authority (WMATA) has signed a lease for 90,473 square feet of warehouse space at 6304 Sheriff Road in Landover, about nine miles east of Washington, D.C. Kenneth Fellows, Robert Pugh and Keiry Martinez of Edge represented the tenant in the lease transaction. Nuveen Real Estate is the landlord of the 540,000-square-foot facility, which is situated on a 22-acre site near I-495 and MD Routes 50 and 295. WMATA, the transit authority behind the Metrorail and Metrobus services, expects to occupy the warehouse beginning in the second or third quarter.

March 21, 2023

Industrial Leasing Activity Texas

TECO Metal Products Signs 90,364 SF Industrial Lease Renewal in Northeast Dallas

by Taylor Williams March 21, 2023

DALLAS — TECO Metal Products has signed a 90,364-square-foot industrial lease renewal in northeast Dallas. The steel fabricator has re-committed to its manufacturing and headquarters facility at Northgate Business Park for an additional 10 years. Shannon Johnston and Lance Woodward of SRS Industrial Partners represented TECO Metal Products in the lease negotiations. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord.

March 21, 2023

Leasing Activity Restaurant Retail Texas

REOC San Antonio Negotiates 10,113 SF Restaurant Lease in North San Antonio

by Taylor Williams March 21, 2023

SAN ANTONIO — Locally based brokerage firm REOC San Antonio has negotiated a 10,113-square-foot restaurant lease at Building B at Plaza Las Campanas, located on the city’s north side. Andrew Lyles, Brian Harris and Kim Gatley of REOC San Antonio represented the landlord, L&R Huebner Ltd., in the lease negotiations. Charlie Weil of Transwestern represented the tenant, steakhouse concept Blu Prime, which plans to open this summer.

March 21, 2023

Illinois Leasing Activity Midwest Retail

L3 Capital Secures Retail Leases with Ever/Body, Brilliant Earth in Chicago’s Fulton Market

by Kristin Harlow March 21, 2023

CHICAGO — Owner L3 Capital has secured retail leases with Ever/Body and Brilliant Earth for its development at 1020 W. Randolph St. in Chicago’s Fulton Market district. In January 2022, L3 Capital completed the redevelopment of a former bank and adjacent parking lot. The 35,000-square-foot project is now fully leased. Ever/Body is a New York-based cosmetic dermatology group and Brilliant Earth is a diamond retailer. Other tenants at the property include Lululemon, fine jeweler Mejuri, mini golf concept Puttery and luxury bedding brand Brooklinen.

March 21, 2023

Development Leasing Activity Mixed-Use Retail South Carolina Southeast Top Stories

Whole Foods to Anchor $1B Mixed-Use Development in Downtown Greenville, South Carolina

by John Nelson March 21, 2023

GREENVILLE, S.C. — Whole Foods Market has signed on to anchor Greenville County Square, a $1 billion mixed-use redevelopment project in downtown Greenville. Atlanta-based RocaPoint Partners is the developer behind the 3.5 million-square-foot live-work-play destination, which will modernize and activate 40 acres along University Ridge. The Austin, Texas-based grocer will occupy a standalone building designed by MVA Architects. Whole Foods is the first tenant announced, and RocaPoint is currently pursuing other credit-worthy retailers and restaurants to join the development. “Whole Foods Market will add to the development’s lively charm and represents the quality of the tenants we’re targeting to drive economic growth while simultaneously answering public interest at Greenville County Square,” says Patrick Leonard, principal of RocaPoint. The developer says that Greenville County Square will serve as a connective hub to the city’s outdoor-oriented attractions, namely Falls Park and the new Cancer Survivor’s Park. Additionally, the project is expected to connect with the historic Swamp Rabbit Trail, a 22-mile walking and biking path that runs along the Reedy River and connects Greenville to Travelers Rest, S.C. “This redevelopment is positioned to be the ideal walkable environment for residents and visitors with a strategic blend of office, hotels, residential, restaurant, entertainment and …

March 21, 2023

Industrial Leasing Activity Texas

Appliance Installation Company Signs 41,335 SF Industrial Lease in Schertz, Texas

by Taylor Williams March 20, 2023

SCHERTZ, TEXAS — Texas Installs, a Houston-based provider of appliance installation services, has signed a 41,335-square-foot industrial lease in Schertz, a northeastern suburb of San Antonio. Chris Caudill and Troy Martin of Partners Real Estate represented the tenant in the lease negotiations. Nick Prater with 4M Realty Co. represented the landlord, an entity doing business as FHS Associates-San Antonio LP.

March 20, 2023

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