Leasing Activity

301-321-Herrod-Blvd.-South-Brunswick-New-Jersey

GXO Logistics Signs 611,000 SF Industrial Lease in South Brunswick, New Jersey

by Taylor Williams March 22, 2023

SOUTH BRUNSWICK, N.J. — GXO Logistics has signed a 611,000-square-foot industrial lease in South Brunswick, located in Middlesex County. The third-party freight company will occupy the entirety of the building at 301-321 Herrod Blvd., which sits on a 40-acre site. Dave Saltzman of Lee & Associates represented the tenant in the lease negotiations. Marc Petrella of KBC Advisors represented the landlord, Link Properties, which will implement various capital improvements to the property prior to GXO moving in. These upgrades will include renovating the office space, providing new LED lighting and adding new dock doors. Link Properties will also reseal and stripe all warehouse floors and outside paved areas, including parking lots and truck courts.

March 22, 2023

California Leasing Activity Office Western

Shartsis Friese Law Firm Relocates Offices Within San Francisco’s Financial District

by Jeff Shaw March 22, 2023

SAN FRANCISCO — Shartsis Friese LLP has relocated to a 26,000-square-foot office space at 425 Market St. in San Francisco’s Financial District. This is the first time the national law firm has moved headquarters in more than 30 years. It will occupy the space in early 2024. Interior improvement design is now underway on the new 11th-floor space. Gensler and JLL Project & Development Services are working with the tenant to create a modern workplace befitting the evolving needs of the workforce both today and in the future. JLL’s Hugh “Scotty” Scott, Matt Aljets and Travis James represented Shartsis Friese in the lease transaction. JLL project manager Michael Payne leads the interior improvements efforts. Skyline Construction is general contractor. MetLife and Norges own the building.

March 22, 2023

Industrial Leasing Activity Maryland Southeast

Washington Metropolitan Area Transit Authority Signs 90,473 SF Warehouse Lease in Landover, Maryland

by John Nelson March 21, 2023

LANDOVER, MD. — The Washington Metropolitan Area Transit Authority (WMATA) has signed a lease for 90,473 square feet of warehouse space at 6304 Sheriff Road in Landover, about nine miles east of Washington, D.C. Kenneth Fellows, Robert Pugh and Keiry Martinez of Edge represented the tenant in the lease transaction. Nuveen Real Estate is the landlord of the 540,000-square-foot facility, which is situated on a 22-acre site near I-495 and MD Routes 50 and 295. WMATA, the transit authority behind the Metrorail and Metrobus services, expects to occupy the warehouse beginning in the second or third quarter.

March 21, 2023

Industrial Leasing Activity Texas

TECO Metal Products Signs 90,364 SF Industrial Lease Renewal in Northeast Dallas

by Taylor Williams March 21, 2023

DALLAS — TECO Metal Products has signed a 90,364-square-foot industrial lease renewal in northeast Dallas. The steel fabricator has re-committed to its manufacturing and headquarters facility at Northgate Business Park for an additional 10 years. Shannon Johnston and Lance Woodward of SRS Industrial Partners represented TECO Metal Products in the lease negotiations. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord.

March 21, 2023

Leasing Activity Restaurant Retail Texas

REOC San Antonio Negotiates 10,113 SF Restaurant Lease in North San Antonio

by Taylor Williams March 21, 2023

SAN ANTONIO — Locally based brokerage firm REOC San Antonio has negotiated a 10,113-square-foot restaurant lease at Building B at Plaza Las Campanas, located on the city’s north side. Andrew Lyles, Brian Harris and Kim Gatley of REOC San Antonio represented the landlord, L&R Huebner Ltd., in the lease negotiations. Charlie Weil of Transwestern represented the tenant, steakhouse concept Blu Prime, which plans to open this summer.

March 21, 2023

Illinois Leasing Activity Midwest Retail

L3 Capital Secures Retail Leases with Ever/Body, Brilliant Earth in Chicago’s Fulton Market

by Kristin Harlow March 21, 2023

CHICAGO — Owner L3 Capital has secured retail leases with Ever/Body and Brilliant Earth for its development at 1020 W. Randolph St. in Chicago’s Fulton Market district. In January 2022, L3 Capital completed the redevelopment of a former bank and adjacent parking lot. The 35,000-square-foot project is now fully leased. Ever/Body is a New York-based cosmetic dermatology group and Brilliant Earth is a diamond retailer. Other tenants at the property include Lululemon, fine jeweler Mejuri, mini golf concept Puttery and luxury bedding brand Brooklinen.

March 21, 2023

Development Leasing Activity Mixed-Use Retail South Carolina Southeast Top Stories

Whole Foods to Anchor $1B Mixed-Use Development in Downtown Greenville, South Carolina

by John Nelson March 21, 2023

GREENVILLE, S.C. — Whole Foods Market has signed on to anchor Greenville County Square, a $1 billion mixed-use redevelopment project in downtown Greenville. Atlanta-based RocaPoint Partners is the developer behind the 3.5 million-square-foot live-work-play destination, which will modernize and activate 40 acres along University Ridge. The Austin, Texas-based grocer will occupy a standalone building designed by MVA Architects. Whole Foods is the first tenant announced, and RocaPoint is currently pursuing other credit-worthy retailers and restaurants to join the development. “Whole Foods Market will add to the development’s lively charm and represents the quality of the tenants we’re targeting to drive economic growth while simultaneously answering public interest at Greenville County Square,” says Patrick Leonard, principal of RocaPoint. The developer says that Greenville County Square will serve as a connective hub to the city’s outdoor-oriented attractions, namely Falls Park and the new Cancer Survivor’s Park. Additionally, the project is expected to connect with the historic Swamp Rabbit Trail, a 22-mile walking and biking path that runs along the Reedy River and connects Greenville to Travelers Rest, S.C. “This redevelopment is positioned to be the ideal walkable environment for residents and visitors with a strategic blend of office, hotels, residential, restaurant, entertainment and …

March 21, 2023

Industrial Leasing Activity Texas

Appliance Installation Company Signs 41,335 SF Industrial Lease in Schertz, Texas

by Taylor Williams March 20, 2023

SCHERTZ, TEXAS — Texas Installs, a Houston-based provider of appliance installation services, has signed a 41,335-square-foot industrial lease in Schertz, a northeastern suburb of San Antonio. Chris Caudill and Troy Martin of Partners Real Estate represented the tenant in the lease negotiations. Nick Prater with 4M Realty Co. represented the landlord, an entity doing business as FHS Associates-San Antonio LP.

March 20, 2023

Industrial Leasing Activity Texas

Finial Group Negotiates 9,445 SF Industrial Lease in Northwest Houston

by Taylor Williams March 20, 2023

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 9,445-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the property at 6001 Centralcrest Drive was built in 2002 and features 16-foot clear heights, five grade-level doors and 4,127 square feet of office space. Andrew Bischoff and John Buckley of Finial Group represented the landlord in the lease negotiations. The representative of the tenant, medical equipment manufacturer Medikon LLC, was not disclosed.

March 20, 2023

Development Illinois Indiana Leasing Activity Michigan Midwest Minnesota Office Ohio Wisconsin

IWG Adds 34 New Flexible Workspaces Across Midwest

by Kristin Harlow March 20, 2023

NEW YORK CITY — New York City-based International Workplace Group (IWG) has added 34 new flexible workspaces in the Midwest region in the last six months. Including these new locations, IWG has added roughly 150 locations nationwide across the U.S. since October 2022. IWG intends to add 1,000 new locations globally. IWG’s new locations stretch across brands such as Spaces, Regus and HQ, and are situated in both urban and suburban areas across markets such as Chicago; Columbus, Ohio; Jeffersonville, Ind.; Grand Rapids, Mich.; Lakeville, Minn.; and De Pere, Wis. The Midwest offices total more than 280,000 square feet. About 76 percent of the new workspaces are located in smaller towns and communities outside of metro areas. IWG is opening the vast majority of its new locations in partnership with commercial real estate owners, developers and franchisee investors.

March 20, 2023

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