Leasing Activity

CBRE Arranges 41,500 SF Lease of Warehouse Property in San Diego

by Jeff Shaw April 21, 2023

SAN DIEGO — CBRE has arranged the lease of a 41,500-square-foot industrial space at 7615 Siempre Viva Road in San Diego’s submarket of Otay Mesa. HK Trans LLC leased the property at a market record rental rate of $1.28 per square foot, according to CBRE. The term is 62 months. The full-service supply chain logistics business will occupy about half the building. CBRE’s Ramin Salehi, John Smith and Joe Smith represented HK Trans LLC in the transaction. Mark Lewkowitz and Chris Holder of Colliers represented the landlord, DG Siempre Viva Property Owner LP.

April 21, 2023

Leasing Activity Restaurant Retail Texas

LEVCOR Signs Four Tenants to Retail Leases at Post Oak Plaza in Houston

by Taylor Williams April 21, 2023

HOUSTON —Locally based developer LEVCOR has signed four new tenants to leases at Post Oak Plaza, a shopping center in Houston. Restaurants Rakkan Ramen and Tacodeli will occupy 1,856 and 2,833 square feet, respectively. Additionally, Kohler will open a 4,038-square-foot kitchen and bath showroom, and Bassett Furniture has committed to 9,597 square feet. Previously announced tenants that are also scheduled to open this year include Nando’s Peri Peri, Balboa Surf Club and Bosch/Thermador/Gaggenau.

April 21, 2023

Industrial Leasing Activity Texas

Bradford Negotiates 10,130 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams April 21, 2023

GRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has negotiated a 10,130-square-foot industrial lease at Trinity West Business Park in the central metroplex city of Grand Prairie. Michael Spain and Jim Ferris of Bradford represented the landlord in the lease negotiations. Brooke Ford of SVN Trinity Advisors represented the tenant, California-based solar energy provider V3 Electric. The deal brings the two-building, 140,798-square-foot development to full occupancy.

April 21, 2023

Industrial Leasing Activity Midwest Minnesota

New Tenants Bring Blaine35 Industrial Park in Minnesota to Full Occupancy

by Kristin Harlow April 21, 2023

BLAINE, MINN. — Blaine35, a three-building industrial park totaling 317,400 square feet in the Minneapolis suburb of Blaine, is now fully leased. Action Target, a shooting range equipment manufacturer, leased 31,120 square feet in Building A and plans to take occupancy in May. Aspect Automation, an automated manufacturing solutions provider, leased the entire 98,900-square-foot Building B and expects to take occupancy in November. Dan Swartz and Austin Lovin of CBRE represented the developer, Canada-based Artis REIT, which completed the final building in December. Other tenants include Chandler Industries, Caerus Corp. and Jonco Die Inc.

April 21, 2023

Leasing Activity New York Northeast Office

Flexpoint Ford to Open 19,522 SF Office at One Vanderbilt in Midtown Manhattan

by Taylor Williams April 21, 2023

NEW YORK CITY — Investment and advisory firm Flexpoint Ford will open a 19,522-square-foot office at One Vanderbilt, a 77-story, 1.7 million-square-foot tower in Midtown Manhattan that was developed by locally based real estate giant SL Green. Architect SPECTOR Cos. designed Flexpoint Ford’s space. Cresa and Clune Construction Co. handled the build-out. The project is nearing completion, though a formal opening date was not disclosed.

April 21, 2023

Illinois Leasing Activity Midwest Retail

Steinhafels Signs 70,737 SF Retail Lease in Schaumburg, Illinois

by Kristin Harlow April 20, 2023

SCHAUMBURG, ILL. — Steinhafels, a Milwaukee-based furniture and mattress retailer, has signed a 70,737-square-foot retail lease at 915 E. Golf Road in the Chicago suburb of Schaumburg. Steinhafels will occupy space formerly home to Bed Bath & Beyond. Joe Parrott and Sean McCourt of CBRE represented building ownership, Necessity Retail REIT. Steinhafels currently operates three stores in Chicagoland and 14 overall.

April 20, 2023

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 14,522 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams April 20, 2023

GRAND PRAIRIE, TEXAS — Lee & Associates has negotiated a 14,522-square-foot industrial lease in the central metroplex city of Grand Prairie. According to LoopNet Inc., the property at 1209 W. Carrier Parkway was built in 1980, totals 34,673 square feet and has 16-foot clear heights. Mark Graybill and Reed Parker of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. Jamie White of Jamie White Commercial Real Estate represented the tenant, Team Rubicon, a nonprofit provider of disaster relief services.

April 20, 2023

Industrial Leasing Activity New Jersey Northeast

Global Interactive Logistics Signs 115,000 SF Industrial Lease in Secaucus, New Jersey

by Taylor Williams April 20, 2023

SECAUCUS, N.J. — Third-party warehousing and freight firm Global Interactive Logistics (GIL) has signed a 115,000-square-foot industrial lease in the Northern New Jersey community of Secaucus. The multi-tenant facility at 1000 New County Road was built on 25.5 acres in 1968 and totals 525,224 square feet. Conor Dolan, Jeff Babikian, Nick Klacik and Kevin Dudley of CBRE represented GIL, which will relocate from nearby Kearny, in the lease negotiations. Larry Schiffenhaus and Tom Monahan, also with CBRE, represented the landlord, Prologis.

April 20, 2023

Industrial Leasing Activity New Jersey Northeast

NAI Hanson Negotiates 32,895 SF Industrial Lease in Allendale, New Jersey

by Taylor Williams April 20, 2023

ALLENDALE, N.J. — NAI James E. Hanson has negotiated a 32,895-square-foot lease at 1 Pearl Court, an industrial flex building in the Northern New Jersey community of Allendale. The building is one of seven within the 370,000-square-foot Allendale Industrial Park, which is owned by Camber Real Estate Partners and Advance Realty Investors. Thomas Vetter and Jeff Demagistris of NAI Hanson represented the tenant, a medical equipment manufacturer, in the lease negotiations. Kenneth Lundberg, Patrick Lennon and Lorenzo Lambiase, also with NAI Hanson, represented the landlord.

April 20, 2023

Leasing Activity Retail Texas

Puttshack Opens 26,000 SF Entertainment Center in Downtown Houston

by Taylor Williams April 19, 2023

HOUSTON — Puttshack, an entertainment concept centered on minigolf, has opened a 26,000-square-foot center at The Highlight at Houston Center, a retail and office complex located at 1200 McKinney St. in the downtown area. The venue offers four nine-hole minigolf courses, two bars serving craft cocktails and beers, a formal dining area and a private event space that can accommodate more than 100 guests. Brookfield Properties owns The Highlight, which also houses an Immersive Gamebox entertainment center.

April 19, 2023

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