NEW YORK CITY — Insurance giant New York Life has signed a 20,000-square-foot office lease at 97-77 Queens Blvd. in the borough’s Rego Park neighborhood. JLL represented the tenant in the lease negotiations. Roy Chipkin of CBRE, along with internal agents Marylou Berk, Meredith Jackness and Michael Leary, represented the landlord, LeFrak.
HOUSTON — Cushman & Wakefield has signed a 30,000-square-foot office lease renewal at Four Oaks Place in Houston’s Galleria district. The global commercial real estate services firm has occupied space on the 26th and 27th floors of the building since 2004 and will undertake a renovation of its space next year. Cushman & Wakefield is also opening a 6,500-square-foot office at Texas Tower, a 47-story building in downtown Houston, in the first quarter of 2023. Global investment management firm Nuveen owns Four Oaks Place.
MILWAUKEE — Silvercrest Asset Management Group has signed an 11,194-square-foot lease to open a Milwaukee office at BMO Tower. The company will occupy space on the 22nd floor and expects to open in May. Silvercrest, founded in 2002, is an employee-owned investment adviser with more than $27 billion in assets under management. The Milwaukee office joins the company’s other locations in New York, Massachusetts, California, Virginia and New Jersey. Adam Leshowitz and Nick Becker of CBRE represented the tenant in the lease negotiations. Irgens is the owner. Current tenants at BMO Tower include BMO Harris Bank, Michael Best & Friedrich, B.C. Ziegler & Co., Heartland Advisors, Kahler Slater and Andrus Intellectual Property Law LLP.
WEST CONSHOHOCKEN, PA. — Financial advisory firm CBIZ Inc. has signed a 50,850-square-foot office lease in West Conshohocken, located on the northwestern outskirts of Philadelphia. Seamus Byrne, Eric Galanti and Bill Main of CBIZ Gibraltar Real Estate Services, along with Ryan Conner of Tactix, represented the tenant in the lease negotiations. Rich Jones and Tom Sklow internally represented the landlord, Keystone Development + Investment. CBIZ plans to take occupancy in the third quarter of 2023.
NEW YORK CITY — Urbanspace has opened a 10,000-square-foot food hall in Manhattan. Urbanspace Union Square is located on the ground floor of Zero Irving, a new mixed-use building by RAL Development. Vendors include Summer Salt, Twenty One Grains, Kid Brother Pizza, Pita Yeero, Plant Junkie, Goat Café, Bao by Kaya, Bobwhite Counter, Playa Bowls, Wafels & Dinges, Top Hops, Casa Toscana and GoFish. The venue marks the fifth New York City food hall by Urbanspace.
ARLINGTON, TEXAS — Dental supply company Henry Schein Inc. has signed a 12,488-square-foot lease renewal at Randol Mill Service Center, a 96,124-square-foot industrial flex property in Arlington. Michael Spain of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Patrick Reis of Property Advisers Realty represented the landlord, an entity doing business as PHP RMSC Venture LP.
BOSTON — Locally based REIT American Tower (NYSE: AMT) has signed a 40,000-square-foot office lease renewal at 116 Huntington Avenue in Boston’s Back Bay neighborhood. The 15-story building spans 273,000 square feet and includes ground-floor retail and restaurant space. Michael Joyce and Lauria Brennan of Cushman & Wakefield represented the landlord, Columbia Property Trust (NYSE: CXP), in the lease negotiations. Kevin Kennedy and Tim Lahey of CBRE represented American Tower.
NEW YORK CITY — CBRE has negotiated a 14,375-square-foot office lease at 535 Madison Avenue in Midtown Manhattan. Steve Siegel, Craig Reicher, Tim Dempsey, Ramneek Rikhy and Marlee Tepliztky of CBRE represented the tenant, locally based law firm Fried Frank, in the lease negotiations. The tenant, which has committed to a 15-year term, plans to relocate from The Seagram Building to the 37-story tower in early 2024. Brian Gell and Laurence Briody, also with CBRE, represented the landlord, Park Tower Group.
HOUSTON — Cushman & Wakefield has negotiated a 603,389-square-foot industrial lease at South Belt Central Business Park, a development that is under construction in southeast Houston. The tenant, a national third-party logistics firm, will occupy the entirety of the Building 4 upon completion in January 2023. The cross-dock building will feature 36-foot clear heights, 360 car parking spaces, 196 trailer parking stalls, an ESFR sprinkler system and 4,500 square feet of office space. Jim Foreman and Brooke Forrest of Cushman & Wakefield represented the landlord, an affiliate of Houston-based Investment & Development Ventures LLC, in the lease negotiations. Stephen Schneidau and Chuck Berger, also with Cushman & Wakefield, represented the tenant.
DALLAS — Gold 3PL, a Texas-based third-party logistics firm, has signed a 50,575-square-foot industrial lease at 1602 Terre Colony Court in West Dallas. According to LoopNet Inc., the property totals 131,412 square feet and sits on a 5.7-acre lot. Mark Graybill and Adam Graham of Lee & Associates represented the landlord, Chicago-based First Industrial Realty Trust, in the lease negotiations. The representative of the tenant was not disclosed.