HOUSTON — Locally based brokerage firm Finial Group has negotiated a 244,550-square-foot industrial lease at 121 Esplanade Blvd. in North Houston. The tenant, Maxam Tire North America, a global distributor of specialty tires, plans to occupy the entirety of the facility. Jack Gaffney and William Alcorn of Finial Group represented Maxam Tire in the lease negotiations. Richard Quarles, Joseph Berwick and Eliza Klein of JLL represented the landlord, Pennsylvania-based Equus Capital Partners.
Leasing Activity
SCHERTZ, TEXAS — UPS Supply Chain Solutions has signed a 175,562-square-foot lease at Enterprise Industrial Park in Schertz, a northeastern suburb of San Antonio. John Colglazier, Carlos Marquez and Kyle Kennan of Partners represented the landlord, institutional investment firm BentallGreenOak, in the lease negotiations. Dallas-based brokerage firm ESRP represented the tenant, which will occupy the entirety of Building VII.
CHICAGO — Tishman Speyer has secured lease renewals with Katten and Chubb at 525 West Monroe Street in Chicago’s West Loop. Law firm Katten was among the first companies to commit to the 25-story office building upon its completion in 1983. Katten will maintain its headquarters across 204,000 square feet. As part of the lease negotiation, Tishman Speyer will create two new outdoor terraces for Katten’s exclusive use. Chubb, a publicly traded property and casualty insurance company, has been based at the office property for more than two decades. The firm signed a lease for 92,032 square feet and will consolidate its local workforce from three downtown Chicago offices into a newly designed space. Tishman Speyer is finalizing a major renovation of 525 West Monroe, including a new outdoor plaza, entrances and lobby. Designed by Michaelis Boyd Associates and MDEAS, the hospitality-inspired lobby incorporates a variety of seating areas for gathering, working and dining. Tishman Speyer is also introducing The Foyer, an all-day café concept created in partnership with Infuse Hospitality. The Foyer, which will include a bar and table service plus outdoor seating, will serve breakfast and lunch, grab-and-go offerings, craft coffee and curated cocktails to building occupants and …
COLUMBUS, OHIO — CASTO has unveiled new retail tenants for the Hamilton Quarter mixed-use development in Columbus. The new tenants include DiBella’s Subs, Torchy’s Tacos, KEMBA Financial Credit Union and Bath & Body Works. Located at the interchange of Hamilton Road and State Route 161, Hamilton Quarter is a 200-acre project. Plans call for 600,000 square feet of office space, 1 million square feet of retail, restaurant and entertainment space, and a hotel. The project is a joint venture between Casto, Daimler, The New Albany Co. and Capitol Square Ltd.
PERRIS, CALIF. — NFI Industries, a supply chain solutions provider, has renewed its 864,000-square-foot lease at Perris Distribution Center in Perris. Mark Kegans, Ron Washle and Dean Washle of Newmark represented the landlord, Ares Management (formerly known as Black Creek Group). Located at 657 Nance St., Perris Distribution Center is a two-story, cross-dock facility expandable to 1.1 million square feet. The buildings offer 7,000 square feet of office space, minimum 36-foot warehouse clearance, ESFR sprinkler systems, LED warehouse lighting, 112 dock-high loading doors and concrete truck courts. The 43-acre parcel offers 298 auto parking spaces and 224 trailer parking spaces, including an auxiliary parcel to accommodate up to 154 trailer parking spaces or 530 auto parking spaces.
NEW YORK CITY — Ireland House, a civic body that represents the Irish government in the United States, has signed a 43,108-square-foot office lease at 200 Park Avenue in Manhattan. David Goldstein, Jim Wenk, Sam Mann and Allison Buck of Savills represented the tenant in the lease negotiations. Megan Sheehan, Gus Field and Sam Brodsky internally represented the landlord, Tishman Speyer.
NEW YORK CITY — Cresa has negotiated an 18,476-square-foot office lease at One Madison Avenue in Midtown Manhattan. The tenant, alternative investment firm 777 Partners, has committed to the entire 27th floor for a 15-year term. Peter Sabesan and Gregg Cohen of Cresa represented the tenant in the lease negotiations. Paul Glickman, Alexander Chudnoff, Diana Biasotti and Benjamin Bass of JLL represented the landlord, SL Green.
DALLAS — Artemis Fine Art Services, which provides artwork shipping and handling services, has signed a 59,000-square-foot industrial lease at 10405 Shady Trail in northwest Dallas. According to LoopNet Inc., the building sits on 4.8 acres and totals 116,140 square feet. Adam Graham and Ken Wesson of Lee & Associates represented the landlord, Mississippi-based REIT EastGroup Properties, in the lease negotiations. The representative of the tenant was not disclosed.
GID Signs Four New Retailers to Join $2B High Street Mixed-Use Development in Atlanta
by John Nelson
ATLANTA — GID Development has signed four new tenants to join High Street, a $2 billion mixed-use, transit-oriented development underway in Atlanta’s Central Perimeter submarket. Phase I of the development, which will span 10 city blocks near the Dunwoody MARTA station, is set to come on line in 2024. The new tenants joining High Street include three food-and-beverage concepts — Agave Bandido, Cuddlefish and Ben & Jerry’s — as well as boutique beauty salon Sugarcoat. Previously committed tenants at High Street include Puttshack and Hampton Social. In addition to 150,000 square feet of retail and restaurant space, the development will feature 90,000 square feet of new loft offices, 600 apartments and a signature park.
WHITE PLAINS, N.Y. — Telecommunications giant Verizon has signed a 19,534-square-foot office lease renewal at One North Broadway in White Plains, located north of New York City. According to LoopNet Inc., the building was constructed in 1968 and renovated in 2019, rises 15 stories and totals 375,365 square feet. Matthew Lisk, Steve Baker and Tara Long of Cushman & Wakefield represented the landlord, Argent Ventures, in the lease negotiations. Baker also represented Verizon in conjunction with Josh Kuriloff of Cushman & Wakefield.