Leasing Activity

Five Restaurants, Retailers to Open at Crabapple Market Mixed-Use Development in Metro Atlanta

by Julia Sanders February 16, 2022

MILTON, GA. — Five retailers have released plans to join the tenant lineup at Crabapple Market, a mixed-use development currently under construction in Milton, about 31 miles north of downtown Atlanta. Courtney Brumbelow and Haley Hartman of Atlanta-based Ackerman Retail completed the leases on behalf of Crabapple Market. Opening this year, the new retailers include DUA Vietnamese, a Vietnamese restaurant; Roll On In Sushi Burritos & Bowls, a restaurant that offers a mix of tacos, bowls and donuts; Spiced Right Ribhouse, a barbecue restaurant; Buzzed Bull Creamery, an ice cream store; and Alumni Cookie Dough, a cookie dough restaurant. Previously, Ackerman Retail completed leases with Evimero Marketplace, featuring artisan-made gifts and home goods; Kitchens By Design Firm, offering a range of kitchen and other installations; Loveday Place, specializing in locally crafted artwork; Dinna Eckstein Designs – The Store, a home-design retailer providing furnishings and accessories; and Prescott Design, a full-service interior design studio. Six Bridges Brewing, The Nest Café and Savi Provisions also signed leases at Crabapple Market. There is currently one restaurant space available for lease. In addition to the lineup of restaurants and retailers, the mixed-use development is home to Class A office space, a stage for concerts …

February 16, 2022

Development Florida Leasing Activity Mixed-Use Retail Southeast

Sprouts Farmers Market Plans New Location in Miami’s Grove Central Development

by Julia Sanders February 16, 2022

MIAMI — Sprouts Farmers Market has released plans to open a 24,014-square-foot location at Grove Center, a mixed-use, transit-oriented development underway in Miami’s Coconut Grove neighborhood. Sprouts’ new location will be the Phoenix-based grocer’s third store in Miami-Dade County. Slated for delivery in 2023, the Grove Center will include a 23-story residential tower with 402 multifamily, workforce and co-living units; a new 1,250-space public parking garage; and a total of approximately 170,000 square feet of retail space. The project developer is a joint venture between Miami-based Terra and Coconut Grove-based Grass River Property. The project has been designed by Miami’s Touzet Studio, a Miami-based design firm led by Carlos and Jackie Touzet in collaboration with architecture firm RSP Architects and Walter Meyer of New York’s Local Office Landscape Architecture. Situated at the intersection of US-1 and 27th Avenue, the project will connect to the adjacent Coconut Grove Metrorail station, Miami-Dade’s bus system, the City of Miami’s trolley network and The Underline, a 13-mile linear park running from South Miami-Dade to downtown Miami.

February 16, 2022

Leasing Activity Office Texas

Oracle Signs 35,000 SF Office Lease at Spectrum Building in San Antonio

by Taylor Williams February 15, 2022

SAN ANTONIO — Austin-based Oracle has signed a 35,000-square-foot office lease at The Spectrum Building, a 10-stoy property in San Antonio. About 260 employees will work in the space, which features glass-walled conference and breakout rooms and multiple kitchens and coffee bars. Kacie Skeen of Hartman Income REIT Management represented the landlord in the lease negotiations on an internal basis. Oracle was also self-represented.

February 15, 2022

Leasing Activity Midwest Office Ohio

Spaces Flexible Work Center Opens in Cleveland’s Warehouse District

by Kristin Harlow February 14, 2022

CLEVELAND — IWG, a provider of flexible workspaces, has opened Spaces Cleveland in the city’s historic Warehouse District. The 27,000-square-foot flexible workspace is situated within the Western Reserve Building and features 48 offices and three meeting rooms. IWG says it added 2 million new customers globally in 2021, reflecting the largest growth in its 30-year history.

February 14, 2022

Leasing Activity Midwest Office Ohio

AIPSO Signs 17,772 SF Office Lease in Mayfield Heights, Ohio

by Kristin Harlow February 14, 2022

MAYFIELD HEIGHTS, OHIO — AIPSO, a Rhode Island-based insurance services organization, has signed a 17,772-square-foot office lease at 5875 Landerbrook Drive in Mayfield Heights, an eastern suburb of Cleveland. Completed in 1991, the three-story office building spans 114,403 square feet. Andrew Coleman and Alex Johanson of CBRE represented the landlord, ORG Portfolio Management. Darin Manning of Savills represented the tenant.

February 14, 2022

Leasing Activity New York Northeast Office

Bentex Group Signs 48,881 SF Office Lease in Manhattan

by Taylor Williams February 14, 2022

NEW YORK CITY — Bentex Group, a consortium of companies that provides electronics, pet supplies and home décor products, has signed a 48,881-square-foot office lease at 34 W. 33rd St. in Manhattan. The 12-story building was originally constructed in 1908. David Levy and Brett Maslin of Adams & Co. represented the landlord, Arcade Building Associates, in the lease negotiations. Michael Beyda of Benchmark Properties represented the tenant.

February 14, 2022

Leasing Activity Office Texas

Energy Firm Signs 98,616 SF Office Lease Extension at Greenway Plaza in Houston

by Taylor Williams February 11, 2022

HOUSTON — Gulf South Pipeline Co., a midstream provider of natural gas, has signed a 98,616-square-foot office lease extension at Greenway Plaza, a 52-acre campus located between Houston’s Uptown and downtown areas. The company will continue to occupy space at the 746,824-square-foot Nine Greenway Plaza building. J.P. Hutcheson and Rima Soroka represented the landlord, Parkway, on an internal basis in the lease negotiations. Christopher Oliver and David Guion of Cushman & Wakefield represented the tenant.

February 11, 2022

Leasing Activity New York Northeast Retail

Hobby Lobby to Open 42,768 SF Store at Staten Island Mall

by Taylor Williams February 11, 2022

NEW YORK CITY— Hobby Lobby will open a 42,768-square-foot store within a former Babies ‘R’ Us store at The Crossing, a strip center that is part of Staten Island Mall. The store, which is scheduled to open in the first quarter of 2023, will be the Oklahoma-based retailer’s first in New York City. Brian Katz and Daniel DePasquale of Katz & Associates, along with Graeme Keith of The Keith Corp., represented Hobby Lobby in its site selection and lease negotiations. Alex Varon represented the landlord, Brookfield Properties, on an internal basis.

February 11, 2022

Illinois Industrial Leasing Activity Midwest

ML Realty Partners Completes Lease-Up of 2.5 MSF Industrial Business Park in Lockport, Illinois

by Kristin Harlow February 11, 2022

LOCKPORT, ILL. — ML Realty Partners has completed the lease-up of Heritage Crossing in Lockport, about 30 miles southwest of Chicago. The 2.5 million-square-foot industrial business park is comprised of eight buildings with clear heights ranging from 30 to 40 feet. LG Electronics expanded within the park, signing a new lease for 542,806 square feet at 14532 S. Gougar Road. Pitney Bowes Global Logistics signed a new lease for 363,224 square feet at 14746 S. Gougar Road. James Frank and Jason West of Cushman & Wakefield represented LG Electronics, while Mike Cook and David Prell of CBRE represented Pitney Bowes. Dan Leahy, Mark Moran and John Whitehead of NAI Hiffman represented ML Realty Partners.

February 11, 2022

Development Industrial Leasing Activity Southeast Virginia

Lowe’s Signs Lease for 60,000 SF Warehouse Development in Salem, Virginia

by Julia Sanders February 10, 2022

SALEM, VA. — Lowe’s Home Centers LLC has signed a lease for a 60,000-square-foot warehouse in Roanoke County’s Valley Tech Park in Salem. Roanoke, Va.-based Samet Corp. and North Carolina-based Valley Tech Partners LLC purchased the 8.5-acre site at 0 Technology Drive for the project. Construction is expected to begin in the first quarter and will be completed within a year. Boyd Johnson of Cushman & Wakefield | Thalhimer arranged the Lowe’s lease and land acquisition on behalf of the landlords.

February 10, 2022

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