Leasing Activity

Oracle Expands Footprint to 100,000 SF at Radius Office Building in Nashville’s Gulch District

by John Nelson January 26, 2023

NASHVILLE, TENN. — Tech giant Oracle has expanded its footprint at Radius, a nine-story office building located at 601 11th Ave. N in Nashville’s Gulch district. The company is expanding its footprint from 31,580 square feet to 100,000 square feet. Rubicon Equities, the landlord of Radius, also recently signed a new lease with CoreTrust, a locally based commercial sourcing agency. The company leased the entire seventh floor, totaling 31,580 square feet. In addition to offices, Radius features a fitness center with lockers and showers, café, onsite security, rooftop terrace, 18,500 square feet of ground-level retail space and a parking garage with 900 spaces. Stream Realty Partners is the property manager for the building and shares the leasing assignment with Sandeema Co. There is currently 125,000 square feet of space available for lease.

January 26, 2023

Leasing Activity Office Texas

Dickies Signs 84,000 SF Office Headquarters Lease in Downtown Fort Worth

by Taylor Williams January 26, 2023

FORT WORTH, TEXAS — Apparel retailer Dickies has signed an 84,000-square-foot office headquarters lease at 500 Taylor St. in downtown Fort Worth. Chris Doggett and Cullen Donohue of Stream Realty Partners represented the landlord, Illinois-based SADA Capital Parnters, in the lease negotiations. Randy Cooper and Wills Bauer, also with Stream, represented Dickies. SADA Capital Partners purchased the six-story building in June 2022 and is in the process of launching a capital improvement program.

January 26, 2023

Leasing Activity New York Northeast Office

LargaVista Cos. Opens 23,784 SF Flexible Coworking Space in Queens

by Taylor Williams January 26, 2023

NEW YORK CITY — Locally based firm LargaVista Cos. has opened Gaseteria Works, a 23,784-square-foot coworking space in the Long Island City area of Queens. Gaseteria Works offers coworking memberships, fully furnished private suites, meeting rooms and virtual addresses, as well as an onsite team offering concierge and administrative services. JLL manages and leases the space via Flex by JLL, the real estate giant’s flexible office and coworking platform.

January 26, 2023

Leasing Activity New York Northeast Office

Novartis Signs 15,865 SF Office Lease at 452 Fifth Avenue in Midtown Manhattan

by Taylor Williams January 26, 2023

NEW YORK CITY — Novartis Inc. has signed a 15,865-square-foot office lease at 452 Fifth Avenue in Midtown Manhattan. The pharmaceutical corporation will occupy the entire 12th floor at the 30-story building. Paul Glickman, Ben Bass, Kristen Morgan and Kate Roush of JLL represented the landlord, Property & Building Corp. Ltd., in the lease negotiations. David Stockel and Christopher Menard of CBRE represented Novartis.

January 26, 2023

Georgia Leasing Activity Office Southeast

CBRE Negotiates Office Lease Expansion in Downtown Atlanta for Financial Advisory Firm

by John Nelson January 25, 2023

ATLANTA — CBRE has negotiated a 10,000-square-foot office lease at 55 Allen Plaza, a 14-story office building located at 55 Ivan Allen Blvd. in downtown Atlanta. The tenant, global retail payment advisor CMSPI, is doubling its footprint with this lease and will continue to occupy the office building’s fifth floor. The firm has been a tenant at 55 Allen Plaza since 2018 and uses the space as its North American headquarters. Paul Holmes of CBRE represented CMSPI in the lease negotiations. The landlord is Lone Star Funds, a global private equity firm that purchased the 348,658-square-foot property in 2020. In addition to offices, 55 Allen Plaza features a 5,000-square-foot fitness center with private lockers and showers, a 100-person conference center, catering kitchen, sundry shop and covered parking. Tenants have walkability to downtown’s nearby hotels, museums, restaurants and the Civic Center MARTA station.

January 25, 2023

Industrial Leasing Activity New Jersey Northeast Office

CBRE Negotiates 40,000 SF Office, Industrial Lease Renewal in Lincoln Park, New Jersey

by Taylor Williams January 25, 2023

LINCOLN PARK, N.J. — CBRE has negotiated a 40,000-square-foot office and industrial lease renewal in the Northern New Jersey community of Lincoln Park. Thomas Mallaney and Denise Kokulak of CBRE represented the tenant, Hishi Plastics USA, a division of Mitsubishi Chemical America, in the lease negotiations. The Frassetto Cos. owns the building.

January 25, 2023

Leasing Activity New York Northeast Office

Rémy Cointreau Signs 29,852 SF Office Lease at 3 Times Square in Manhattan

by Taylor Williams January 25, 2023

NEW YORK CITY — Alcoholic beverage provider Rémy Cointreau has signed a 29,852-square-foot office lease at 3 Times Square in Midtown Manhattan. The lease spans the entire 20th floor for 10 years. The 30-story building, which originally opened in 2001 as the North American headquarters of Reuters, is currently undergoing a multimillion-dollar renovation. Ron Lo Russo of Cushman & Wakefield and internal agent Tom Keating represented the landlord, Rudin, in the lease negotiations. Peter Sabesan, Richard Selig, Nicholas Markel and Benjamin Grajzgrund of Cresa represented Rémy Cointreau, which plans to relocate from 1290 Avenue of the Americas this summer.

January 25, 2023

Industrial Leasing Activity Texas

Foundation Building Materials Signs 30,547 SF Industrial Lease Renewal in Dallas

by Taylor Williams January 24, 2023

DALLAS — Foundation Building Materials, a California-based provider of construction supplies, has signed a 30,547-square-foot industrial lease renewal at 8301 John Carpenter Freeway in Dallas. Chicago-based investment firm ML Realty owns the property and was internally represented in the lease negotiations. Ryan Boozer and Lena Pierce of Stream Realty Partners represented the tenant.

January 24, 2023

Leasing Activity New Jersey Northeast Retail

SETS Hybrid Training Signs 3,000 SF Retail Lease in Old Bridge, New Jersey

by Taylor Williams January 24, 2023

OLD BRIDGE, N.J. — SETS Hybrid Training, a fitness concept that offers customizable strength and conditioning programs, has signed a 3,000-square-foot retail lease at Route 9 Plaza in the Central New Jersey community of Old Bridge. Kendal Hand-Freda of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Justin Goodman of Sitar Realty Co. represented the tenant. Other tenants at the 26,000-square-foot center include AutoZone and Tots & Blocks Academy.

January 24, 2023

Florida Leasing Activity Retail Southeast

Guitar Center Opens 300th Store with 15,000 SF Location in Naples, Florida

by John Nelson January 23, 2023

NAPLES, FLA. — Guitar Center has opened a 15,000-square-foot store at the Gateway Shoppes in Naples, marking the 300th location for the brand. The location will feature Guitar Center’s latest design, including a lessons facility, rental department and hands-on DJ experience. Owned by Benderson Development, Gateway Shoppes is located at 13585 Tamiami Trail N. Bruce Shepard of TSCG arranged the lease on behalf of Guitar Center.

January 23, 2023

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