Leasing Activity

AUSTIN, TEXAS — Tricentis, a provider of automated software testing services, has signed a 42,019-square-foot office lease at Uplands Corporate Center, a recently expanded office campus in North Austin. Russell Young of JLL represented the tenant, which plans to hire about 100 new employees, in the lease negotiations. Kevin Granger and Matt Frizzell of Cushman & Wakefield represented the landlord, Drawbridge Realty.

FacebookTwitterLinkedinEmail

PLAINFIELD, IND. — Kuehne+Nagel, a Switzerland-based global transport and logistics company, has signed two industrial lease renewals totaling 115,395 square feet in Plainfield, a suburb of Indianapolis. Chicago-based HSA Commercial Real Estate owns the properties, which are located within Gateway Business Park near the Indianapolis International Airport. Kuehne+Nagel renewed its 59,895-square-foot lease at Gateway Industrial III as well as its 55,500-square-foot lease at Gateway Industrial IV. HSA has developed and leased up six buildings at Gateway Business Park totaling roughly 900,000 square feet. A seventh building is slated for completion later this month. Mark Writt of CBRE represented Kuehne+Nagel in both leases. Terry Busch and Jared Scaringe of CBRE represented ownership.

FacebookTwitterLinkedinEmail

HOUSTON — SPB Hospitality, a national franchisor and operator of steakhouse and brewery concepts, has signed a 42,290-square-foot office lease at The Offices at Greenhouse, a 203,284-square-foot building in Houston’s Energy Corridor. California-based KBS owns the property, which was built in 2014 and offers a four-story parking structure, outdoor amenity spaces and a conference center. Brad Fricks of Stream Realty Partners represented KBS in the lease negotiations. Jon Silberman and Pierce Beyer of NAI Partners represented SPB Hospitality.

FacebookTwitterLinkedinEmail

WEST ALLIS, WIS. — Nobel Dental has signed a 2,639-square-foot lease to open at River Bend Shopping Center in the Milwaukee suburb of West Allis. The property is located at 7500 W. Oklahoma Ave. Matthew Beadle and Garrett Warner of Founders 3 Real Estate represented the landlord, River Bend Baceline LLC.

FacebookTwitterLinkedinEmail

BRIDGEWATER, N.J. — Patio/outdoor furniture and accessories retailer Fortunoff Backyard Store will open a 9,400-square-foot retail establishment at Somerset Shopping Center in the Northern New Jersey community of Bridgewater. The tenant will backfill a space at the 219,000-square-foot center that was formerly occupied by Pier 1 Imports, which declared bankruptcy and began liquidating its stores in May 2020. Vanessa Fernandez-Kelty of Levin Management Corp. represented the landlord in the lease negotiations. Jake Frantzman of RIPCO Real Estate represented Fortunoff Backyard Store.  

FacebookTwitterLinkedinEmail
Radius

NASHVILLE, TENN. — Oracle, an Austin-based computer technology corporation, will lease space at Radius, a 265,564-square-foot office building in Nashville’s Gulch neighborhood. The tech company will use the office space as its new regional headquarters campus in Davidson County. Dallas-based Stream Realty Partners, which handles the building’s leasing and property management, and Sandeema Co. represented Oracle in the lease transaction. Radius, which previously was known as the Lifeway Plaza, is a nine-story building with six full-floor office spaces averaging 31,580 square feet that are available for lease. Oracle will occupy the fourth floor of the building. The building offers resort-style fitness facilities with lockers and showers, a tenant lounge, outdoor terrace, onsite security, café with grab-and-go items and ample parking. Located at 601 11th Ave. N., the office building is located 9.9 miles from Nashville International Airport and 2.5 miles from Belmont University.

FacebookTwitterLinkedinEmail

CHICAGO — Commercial real estate firm Cresa has signed a 21,000-square-foot office lease to relocate its headquarters to Chicago from Washington, D.C. The firm will occupy space at 167 Green St. in Chicago’s Fulton Market district. Cresa says the decision to relocate follows the announcement of several high-level, Chicago-based leadership hires. The new office will house Cresa’s tenant advisory practice, project management and lease administration teams. The office will feature a mix of collaborative and private work areas. Cresa, which exclusively represents occupiers, maintains more than 80 offices and 1,000 employees.

FacebookTwitterLinkedinEmail

LOGAN TOWNSHIP, N.J. — Freight company LaserShip Logistics has signed a 327,000-square-foot industrial lease at Building F at Logan North, a 3.2 million-square-foot speculative development in Southern New Jersey. John Dingle & Dean Torosian of JLL represented the tenant in the negotiations for the full-building lease. Torosian also worked with Nate Demetsky and Matt Kemery of JLL to represent the landlord, a partnership between Advance Realty Investors and Greek Development.

FacebookTwitterLinkedinEmail

HOFFMAN ESTATES, ILL. — It Gym, a locally owned fitness studio that offers personal training and group exercise classes, will open a 3,300-square-foot facility at Bell Works Chicagoland in Hoffman Estates. The gym, owned by local personal trainer Gina Kaiser, is slated to open this summer. Bell Works Chicagoland is a redevelopment of the former AT&T corporate campus. Somerset Development is the owner.

FacebookTwitterLinkedinEmail