GLENDALE HEIGHTS, ILL. — Lee & Associates has negotiated a pair of industrial leases totaling 311,444 square feet in the Chicago suburb of Glendale Heights. Jeff Janda and Michael Plumb of Lee represented owner Link Logistics on two leases at neighboring properties. United Business Mail leased the 150,784-square-foot building at 101 Regency Drive, while a hardware company leased the 160,660-square-foot building at 500 Regency Drive. Steve Kohn of Avison Young represented United Business Mail, while Chris Lydon and Fort Richardson of Avison Young represented the hardware tenant.
PEABODY, MASS. — Boutique fitness operator Gymja Warrior has signed a 11,345-square-foot retail lease at Route One Marketplace in Peabody, a northeastern suburb of Boston. Other tenants at the fully leased center include Bradford Carpet One, Namco, Crossfit 128 and Mass Bay Hockey Center. Don Mace of locally based brokerage and advisory firm KeyPoint Partners represented the undisclosed landlord in the lease negotiations.
GLENVIEW, ILL. — Several new tenants have signed leases to join the lineup at The Glen Town Center, a shopping center in Glenview, about 20 miles north of Chicago. Offix, a regional coworking and business solutions company, recently signed a 10-year lease for 6,200 square feet for its seventh location. Another recent lease signing was Chuck Lager America’s Tavern, which is owned by Fabio Vivani who appeared on the show “Top Chef.” Also joining the center will be Stretch Zone, a national boutique fitness company with over 40 locations nationwide. Poke Burrito, a local Asian restaurant, will open its sixth location in 1,800 square feet. Last year, Perfect Wedding opened its first location at the center, and in January, Eggspresso breakfast and brunch restaurant opened. SVN Chicago Commercial is the leasing agent for the property.
KANSAS CITY, MO. — Salon Service Group, a wholesale salon product distributor for licensed cosmetologists, has opened at Red Bridge Shopping Center in Kansas City. The tenant occupies nearly 2,000 square feet. Lane4 Property Group manages the center, which has welcomed 12 new tenants since its redevelopment in 2018. Salon Service Group operates 51 locations in 11 states, four of which are in metro Kansas City.
HOUSTON — Kroger (NYSE: K) and Kitchen United MIX, a platform that coordinates food pickups and deliveries, have opened a 50,000-square-foot “kitchen center” at 1035 N. Shepherd Drive in The Heights neighborhood of Houston. Customers who place orders digitally for groceries or prepared meals can either pick their items at the center or have them delivered.
SILVER SPRING, MD. — GBT Realty Corp. has added DSW Designer Shoe Warehouse to Ellsworth Place, a 350,000-square-foot retail and entertainment center in Silver Spring, a Maryland suburb of Washington, D.C. The Brentwood, Tenn.-based developer and owner acquired Ellsworth Place in 2018. The discount shoe retailer signed the lease last month with plans to renovate the former Guitar Center storefront. Construction on the property is currently underway with DSW expected to open in March. Located on level four of Ellsworth Place, DSW will be in a 17,500-square-foot store. The tenant’s new location is convenient to Town Center Garage via the pedestrian bridge. DSW joins tenants at Ellsworth Place including Burlington, Ross Dress for Less, Marshalls, Michaels, T.J. Maxx and Dave & Buster’s.
SPRING, TEXAS — NAI Partners has negotiated a 43,230-square-foot office lease at Wildwood Corporate Centre I in the northern Houston suburb of Spring. Jon Silberman and Pierce Beyer of NAI Partners represented the tenant, locally based engineering and construction firm Strike Construction LLC, in the lease negotiations. Steve Rocher and Jason Presley of CBRE represented the undisclosed landlord.
NEW YORK CITY — CBRE has negotiated a 16,624-square-foot office lease at 444 Madison Avenue in Midtown Manhattan. The tenant will occupy the entire 14th floor of the 42-story building, which was recently renovated. Paul Amrich, Meghan Allen, James Ackerson and Max Tarter of CBRE represented the landlord, Westbrook Partners, in the lease negotiations. Amrich also represented the tenant, EOS Investors LLC.
NEW YORK CITY — Reidy Contracting Group has signed a 7,723-square-foot office lease at The Banks Building, located at 58 W. 40th St. in Manhattan. Michael Nazarian and Matt Kashani of Norman Bobrow & Co. represented the tenant, which is expanding and relocating from a 4,000-square-foot space at 120 West 31st Street, in the lease negotiations. Laura Belt Ponomarev represented the landlord, an entity doing business as 58-64 40th St. Corp., on an internal basis.
The famed stability of healthcare and medical office building (MOB) real estate continues in 2022, with the Midwest acting as a microcosm for the sector’s trends and challenges nationwide. Adapting to complement large healthcare system needs, adding urgent care centers and keeping costs low are some of the main concerns for brokers this space. Five healthcare/MOB brokers sat down with REBusinessOnline to discuss what is influencing the sector. Michael Kalil, chief operating officer and director of brokerage, and Jeff Cavazos, senior vice president, NAI Farbman, Southfield, Mich.; Matthew Gregory, senior VP office brokerage, and Michael Simpson, president, NAI Ohio Equities, Columbus, Ohio; and Doug Taatjes, partner/associate broker, NAI Wisinski of West Michigan, Grand Rapids, Mich. weighed in on the present and future of healthcare/MOB real estate. REBusiness: What trends are we going to see in healthcare in 2022? What factors might influence further investment in this field? Matt Gregory: Improvements to building infrastructure will be the most significant trend in 2022. There will be a push toward better HVAC filtration, higher cleaning standards and so forth. Mike Simpson: Yes, I think the healthy building initiative is something that’s going to pick up more momentum this year. Doug Taatjes: In our …