CARROLLTON, TEXAS — Diversco Inc., a South Carolina-based provider of marine equipment, has signed a 51,498-square-foot industrial lease renewal in the northern Dallas metro of Carrollton. The space is located within Marsh Business Park West. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as DK Industrial Dallas LLC, in the lease negotiations. The representative of the tenant was not disclosed.
Leasing Activity
LEXINGTON, MASS. — Locally based biotechnology firm Dicerna Pharmaceuticals has signed a 107,238-square-foot life sciences lease expansion at its Hayden Avenue Campus in Lexington, located north of Boston. The tenant, which has operated out of the site since 2014, currently occupies more than 90,000 square feet. The expansion brings Dicerna’s total footprint in Lexington to more than 275,000 square feet. Boston-based King Street Properties owns the Hayden Avenue Campus.
DETROIT — Real estate owner and developer Bedrock has partnered with Raeden, a digital infrastructure platform provider, to open the first carrier hotel in downtown Detroit later this month. Carrier hotels are buildings that house networks and cloud services in the center of a downtown area. Raeden specializes in enabling technology deployments across real estate portfolios. The carrier hotel, which will be located within Bedrock’s 615 West Lafayette property, will centralize internet connectivity and technology services while making efficient use of existing fiber assets. Instead of each building within Bedrock’s portfolio requiring individual internet and technology installations, centralization at 615 West Lafayette decrease deployment timelines and lower costs, according to Bedrock. The result will enable Bedrock tenants the ability to access faster services, while enabling expanded internet access throughout Detroit. Over the next 12 months, Bedrock and Raeden will continue to collaborate on additional technological investments, including activating existing data center assets.
BAY CITY, MICH. — North Shore Health Services has signed an 11,600-square-foot office lease in Bay City, which is located near the base of the Saginaw Bay on Lake Huron. The property is located at 1426 Straits Drive. The tenant provides behavior analysis therapy for children and families, particularly those diagnosed with autism. North Shore plans to open in December. Colliers Lansing represented the landlord, Cats Holding Co. LLC. North Shore opened its first location in Auburn in 2017 and has since opened locations in Ithaca and Lansing.
Rappaport Adds Five New Tenants to Village at Leesburg Shopping Center in Northern Virginia
by John Nelson
LEESBURG, VA. — Rappaport has signed five new tenants to join Village at Leesburg, a 550,593-square-foot shopping center located along Route 7 in Leesburg. Rappaport owns, manages and leases the property, which houses more than 75 tenants, including anchors Wegmans, CMX Cinemas, LA Fitness and Bowlero. The new tenants include Spitz, a Mediterranean restaurant concept; Altitude Trampoline Park, an entertainment venue with more than 80 locations; Anchor Bar, a wings restaurant concept with more than 50 locations; A Place to Be, a nonprofit based in Middleburg, Va., that offers art and music therapy programs; and national chain Salon Lofts. Altitude opened recently, and the other four concepts are set to open in 2023. Village at Leesburg will be the first Virginia location for Spitz, Altitude and Anchor Bar. In addition to the new retailers, which will bring 40,000 square feet of new retail space, Woodhouse Day Spa and Dana’s Cake Shoppe are expanding their locations within the development.
HOUSTON — Skyline Executive Suites has signed a 21,735-square-foot lease at Kirkwood Tower, located at 11757 Katy Freeway in West Houston. According to LoopNet Inc., the property was built in 1984 and renovated in 2015 and totals 285,682 square feet. Kevin Poynter of Poynter Commercial Properties Corp. represented the tenant in the lease negotiations. Adam Ross of Stream Realty Partners represented the undisclosed landlord.
INDIANAPOLIS — IWG, a provider of flexible workspaces, has unveiled plans to open a new location in Indianapolis. The company cites growing demand for hybrid working and flexibility for companies of all sizes. The new location will be situated in the College Park neighborhood of Indianapolis near Highway 465. IWG is opening the vast majority of its new locations in partnership with commercial real estate owners, developers and franchisee investors.
TAYLOR AND STERLING HEIGHTS, MICH. — Advance Auto Parts has signed leases to open two new locations in Michigan. The auto parts retailer inked a lease for 20,250 square feet in the Taylor Commons shopping center in Taylor as well as 20,226 square feet at the Clinton Valley shopping center in Sterling Heights. Larry Siedell and Tjader Gerdom of Gerdom Realty & Investment represented the tenant. Eric Unatin of Mid-America Real Estate Group represented the landlord in the Sterling Heights lease.
HOUSTON — American Family Care, which provides urgent care and walk-in healthcare services, has signed a quartet of leases totaling 12,600 square feet in the Houston area. The spaces are located in Sugar Land (2,700 square feet), Katy (2,800 square feet), Elyson (3,400 square feet) and Kingwood (3,700 square feet). John Frazier of Houston-based brokerage firm Baker Katz represented the tenant in all four sets of lease negotiations.
CHARLOTTE, N.C. — CBRE has opened a new office at Vantage South End, a 635,000-square-foot mixed-use development located in Charlotte’s South End neighborhood. The Dallas-based real estate services giant now occupies 224,535 square feet of space on the second floor of the campus’ east tower, located at 1120 S. Tryon St. The office space is designed with a focus on hybrid work compatibility and flexibility, including a “free address” style wherein desks and workstations are not assigned. The office also features a wellness lounge with a petrified moss wall and anonymous occupancy sensors to monitor employee behaviors. Artwork was curated with a focus on Charlotte artisans and regional representation.