Leasing Activity

NewCold Expands Office Lease in Chicago to 35,564 SF

by Kristin Harlow January 17, 2023

CHICAGO — NewCold has expanded its office lease at 500 W. Madison Street in Chicago from 6,000 square feet to 35,564 square feet. The office serves as the company’s North American headquarters. The 40-story, Class A office building is known as Accenture Tower. Built in 1987, the property totals 1.4 million square feet and features a two-level fitness center with a basketball court along with a conference center and tenant lounge. KBS acquired the building in 2013. Dougal Jeppe of Colliers represented NewCold, which is an advanced automated warehouse and cold chain logistics company.

January 17, 2023

Leasing Activity Office Texas

Corgan Signs 17,265 SF Office Lease Expansion at The Luminary in Dallas

by Taylor Williams January 16, 2023

DALLAS — Architecture firm Corgan has signed a 17,265-square-foot office lease expansion at The Luminary in Dallas. The 169,000-square-foot building is located at the nexus of the company’s Harwood District, the downtown area, the arts district and the Victory Park mixed-use development. Greg Briggs and Randy Cooper of Stream Realty Partners represented Corgan, which now occupies 98,264 square feet at The Luminary, in the lease negotiations. Kelly Whaley and Hannah Mesh internally represented the landlord, Harwood International.

January 16, 2023

Illinois Leasing Activity Midwest Office

Zoro.com Signs 41,875 SF Office Lease Expansion at Accenture Tower in Chicago

by Kristin Harlow January 16, 2023

CHICAGO — Zoro.com has signed a 41,875-square-foot office lease expansion at Accenture Tower in Chicago. The company sells tools, industrial equipment and business supplies. Zoro.com previously occupied the 16th floor at Accenture Tower and will now occupy the 39th and 40th floors. The office building, owned by KBS, was recently renovated to include a new conference center, outdoor terrace with high-speed internet and modernized elevators.

January 16, 2023

Leasing Activity Life Sciences Massachusetts Northeast

Alcresta Therapeutics Signs 14,441 SF Life Sciences Lease in Waltham, Massachusetts

by Taylor Williams January 16, 2023

WALTHAM, MASS. — Alcresta Therapeutics, which develops enzyme-based treatments for rare diseases, has signed a 14,441-square-foot life sciences lease at 130 Turner Street, a 270,000-square-foot facility located in the western Boston suburb of Waltham. Matt Malatesta, Mike Frisoli, Tyler McGrail, Margaret Fee and Eric Jeremiah of Newmark represented the landlord, Jumbo Capital, in the lease negotiations. Ned Halloran and Connor Hayes of Hunneman represented the tenant

January 16, 2023

Leasing Activity New Jersey Northeast Retail

Babies ‘R’ Us to Open 10,000 SF Store at American Dream in Northern New Jersey

by Taylor Williams January 16, 2023

EAST RUTHERFORD, N.J. — Babies ‘R’ Us will open a 10,000-square-foot flagship store at American Dream, an entertainment destination located in the Northern New Jersey community of East Rutherford. The parent company of Babies ‘R’ Us, New York City-based WHP Global, purchased a controlling stake in Tru Kids Inc., which also owned Toys ‘R’ Us, in March 2021 and announced plans to reopen certain stores. As such, the American Dream store effectively represents the flagship location for the retailer as WHP Global works to re-establish its physical footprint. The opening is scheduled for this summer.

January 16, 2023

Leasing Activity Life Sciences Massachusetts Northeast

Veeco Signs 16,506 SF Life Sciences Lease in Waltham, Massachusetts

by Taylor Williams January 13, 2023

WALTHAM, MASS. — Veeco, a New York-based manufacturer of semiconductors and electronics, has signed a 16,506-square-foot life sciences lease at 130 Turner Street, a 270,000-square-foot facility located in the western Boston suburb of Waltham. Matt Malatesta, Mike Frisoli, Tyler McGrail, Margaret Fee and Eric Jeremiah of Newmark represented the landlord, Jumbo Capital, in the lease negotiations. Malatesta also represented the tenant.

January 13, 2023

Leasing Activity Michigan Midwest Retail

Stretch Lab Leases 1,500 SF Space in Clarkston Shopping Center in Southeast Michigan

by Jeff Shaw January 12, 2023

CLARKSTON, MICH. — Landlord Shango Properties has leased an approximately 1,500-square-foot space in the White Lake Commons shopping center in Clarkston, a northern suburb of Detroit, to physical fitness center chain Stretch Lab. The Gerdom Realty & Investment team of Michael Murphy and Tjader Gerdom represented the landlord, and Stephen Smith of TNF Realty represented Stretch Lab. White Lake Commons is anchored by Neiman’s Market and is located near the intersection of Dixie Highway and White Lake Road.

January 12, 2023

Leasing Activity Restaurant Retail Texas

Radom Capital Welcomes Six New Tenants to Office, Retail Development in Houston

by Taylor Williams January 12, 2023

HOUSTON — Locally based developer Radom Capital has welcomed six new tenants to Montrose Collective, an office and retail development in Houston. Concepts coming to the property include restaurants Graffiti Raw and Picnik — opening this month and in the spring, respectively — as well as four fitness and beauty concepts. SISU, a med spa, will debut in February, while Studio BE, Glosslab and Skin Laundry will open later this year. Montrose Collective, which currently features 15 retailers and five restaurants, is now 97 percent leased.

January 12, 2023

Industrial Leasing Activity Massachusetts Northeast

Cushman & Wakefield Negotiates 260,150 SF Industrial Lease in Taunton, Massachusetts

by Taylor Williams January 12, 2023

TAUNTON, MASS. — Cushman & Wakefield has negotiated a 260,150-square-foot industrial lease in Taunton, located about 40 miles south of Boston. The tenant, Ferguson Plumbing Supply, will occupy space at Taunton Trade Center, a 584,640-square-foot speculative development. The newly built complex features a clear height of 40 feet, 112 loading docks, 546 car parking spaces and 132 trailer parking stalls. Philip Verre, Rob Byrne, Pete Whoriskey and Paul Leone of Cushman & Wakefield represented the landlord, Martignetti Cos., in the lease negotiations. CBRE represented the tenant.

January 12, 2023

Development Florida Industrial Leasing Activity Southeast

Lumber Supplier Signs 75,000 SF Industrial Lease in Punta Gorda, Florida

by John Nelson January 12, 2023

PUNTA GORDA, FLA. — Dakota Premium Hardwoods, a hardwood lumber and cabinet product supplier based in Waco, Texas, has signed a 75,000-square-foot industrial lease at 9450 Piper Road in Punta Gorda. The tenant will occupy space within Florida Gulf Coast Logistics Center, a 378,000-square-foot speculative facility being developed within Enterprise Charlotte Airport Park. Dan Miller of Colliers represented the landlord, Equus Capital Partners Ltd., in the lease transaction. Rian Smith of CBRE represented the tenant. Dakota Premium Hardwoods expects to move into its new warehouse and distribution space in September, according to Colliers.

January 12, 2023

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