EAST RUTHERFORD, N.J. — Asian-American grocer H Mart has opened a 38,000-square-foot store within American Dream, a megamall and entertainment destination located within the Meadowlands sports complex in Northern New Jersey. Chuck Lanyard of The Goldstein Group and Jeff Chaus of Chaus Realty represented H Mart, which now operates more than 100 stores worldwide, in the lease negotiations. Canadian conglomerate Triple Five Group owns American Dream.
Leasing Activity
PISCATAWAY, N.J. — Electronics manufacturer RCF USA has signed a 30,000-square-foot, full-building industrial lease in the Northern New Jersey community of Piscataway. The building at 101 Circle Drive N. is situated within the 570,000-square-foot Rutgers Industrial Center and features a clear height of 35 feet, six dock doors and 38 parking stalls. Chuck Fern of Cushman & Wakefield represented the tenant in the lease negotiations. Jason Barton, also with Cushman & Wakefield, represented the landlord.
Five New Tenants Sign Leases at 171,000 SF Merritt Business Park in Quantico, Virginia
by John Nelson
QUANTICO, VA. — Five new tenants will join Merritt Business Park at Quantico Corporate Center, a light industrial campus located along I-95 in Quantico. Three of the businesses — Full Distance Brewing, The Nova Systems and Two Marines Moving — are veteran-owned companies. Full Distance Brewing and Nova Systems will occupy 8,000 and 7,000 square feet, respectively. Merritt Properties has also signed leases with Top Notch Moving Services and The Continuum Group. Top Notch will take over 15,000 square feet, and Continuum will lease 7,200 square feet at the property, which is comprised of two single-story flex buildings. Both buildings feature 18-foot clear heights, access to a fiber-optic network, loading docks and drive-in capabilities for warehouse users.
NEW YORK CITY — Tishman Speyer has inked deals with chef Gabriel Kreuther and his business partners to open two new restaurants at The Spiral, the locally based real estate giant’s 65-story office tower in Manhattan’s Hudson Yards district. One concept will be a 5,700-square-foot full-service restaurant serving lunch and dinner that will be located on the corner of 34th Street and Hudson Boulevard. On the corner of 35th Street and Hudson Boulevard, the team will launch an all-day café serving breakfast and lunch. Both openings are slated for 2024.
HOBOKEN, N.J. — Cushman & Wakefield has negotiated an 18,603-square-foot office lease at Waterfront Corporate Center I in Hoboken. The 14-story, 566,215-square-foot building is located within a larger, 1.5 million-square-foot complex across the Hudson River from Manhattan. David DeMatteis and Mina Shehata of Cushman & Wakefield represented the tenant, industrial investment firm Faropoint, in the lease negotiations. A partnership between New York City-based developer SJP Properties and private investor David Werner owns Waterfront Corporate Center I.
NEW RICHMOND AND SPARTA, WIS. — Starbucks has signed two new retail leases in Wisconsin. Each lease totals 2,460 square feet. The first property is located at 124 Grant Way in New Richmond, about 45 miles northeast of Minneapolis. The other is at 630 S. Black River St. in Sparta, about 28 miles east of La Crosse. Tony Colvin of Mid-America Real Estate represented Starbucks. The landlords for both properties were Jacques Holdings LLC and OLH II LLC.
OAKLAND TOWNSHIP, MICH. — Meadowbrook Animal Clinic has signed a 2,082-square-foot, five-year lease at Country Creek Commons shopping center in Oakland Township, a northern suburb of Detroit. The veterinary clinic is relocating from Rochester Hills. Barry Landau of Dominion Real Estate Advisors LLC represented both the tenant and landlord.
LOCKHART, TEXAS — Factory Building Stores, a distributor of home appliances, has signed a 167,794-square-foot, full-building industrial lease at Lockhart 130 Industrial Park in Central Texas. The rear-load building, which is slated for a fourth-quarter completion, will feature 32-foot clear heights and 37 dock doors. Omar Nasser of AQUILA Commercial represented the landlord, Titan Development, in the lease negotiations. Davis Bass and Geoff Hangartner of HPI Real Estate Services & Investments represented the tenant. Lockhart 130 Industrial Park will ultimately comprise four buildings on a 45.1-acre site.
NEW YORK CITY — Construction consulting firm Metropolis Group Inc. has signed a 12,700-square-foot office sublease at 120 Broadway in Manhattan’s Financial District. Metropolis Group signed a six-year deal to relocate from 22 Cortlandt Street to the 27th floor of the 40-story building, a space that was previously occupied by nonprofit health organization Village Care. Michael Berman of JLL represented Metropolis Group in the lease negotiations. David Lebenstein and Frank Centro of Cushman & Wakefield represented Village Care. Silverstein Properties owns the building.
WANTAGH, N.Y. — The French Workshop has opened a 3,750-square-foot artisanal bakery and café at Willow Wood Shopping Center in the Long Island community of Wantagh. Robert Delavale of the Breslin Realty represented the landlord in the lease negotiations on an internal basis. Cary Fabrikant, also with Breslin Realty, represented the tenant. Other tenants at the center include Starbucks, Petco and Jovia Financial Credit Union.