Leasing Activity

Law Firm Signs 180,000 SF Headquarters Lease at Office Tower in Downtown Nashville

by Julia Sanders October 12, 2021

NASHVILLE, TENN. — Bass, Berry & Sims PLC, a law firm with offices in Tennessee and Washington, D.C., has signed a lease for a 180,000-square-foot space within Nashville Yards, an 18-acre mixed-use project in downtown Nashville. The office space will serve as the law firm’s new corporate headquarters. Bass, Berry & Sims will occupy space in the top eight floors in the Nashville Yards’ first multi-tenant office building, a 35-story tower with 650,000 square feet of office space and an additional 28,000 square feet of retail space. The tower’s building amenities will include a dog-friendly campus, dog park, ample parking, office valet, executive car services and an enhanced HVAC system. The tower will also serve as the new headquarters for Pinnacle Financial Partners, a financial services company. Located at 201 Platform South, the tower will be situated adjacent to the 591-room Grand Hyatt Nashville and Amazon’s two office towers at Nashville Yards. The developer, Southwest Value Partners, broke ground on the office tower in September. Bert Mathews and Shane Douglas of Colliers International represented Bass, Berry & Sims in the lease transaction.

October 12, 2021

Industrial Leasing Activity Office Texas

Diab Americas Signs 265,248 SF Headquarters Lease in DeSoto, Texas

by Taylor Williams October 12, 2021

DESOTO, TEXAS — Diab Americas LP, a Swedish manufacturer of core products for the marine and aerospace industries, has signed a 265,248-square-foot headquarters lease at I-20 Corporate Center in the southern Dallas suburb of DeSoto. The headquarters location consists of 242,248 square feet of warehouse space and 23,000 square feet of office space. Kevin Santaularia, Michael Spain and Michael Grant of Bradford Commercial Real Estate Partners represented the locally based landlord, 220 E. Danieldale Partners, in the lease negotiations. The tenant plans to take occupancy of the space in November.

October 12, 2021

Leasing Activity New York Northeast Office

Orchard Technologies Signs 107,443 SF Office Lease at 195 Broadway in Manhattan

by Taylor Williams October 12, 2021

NEW YORK CITY — Real estate services firm Orchard Technologies Inc. has signed a 107,443-square-foot office lease at 195 Broadway, a 29-story building in Manhattan’s Financial District. Orchard will occupy part of the 24th floor, as well as the entire 25th and 26th floors of the 1.1 million-square-foot tower, which formerly housed the world headquarters of AT&T and is thus known locally as The Telegraph Building. Peter Trivelas and Gary Ceder of Cushman & Wakefield represented the tenant, which plans to take occupancy of the space early next year, in the lease negotiations. Andrew Wiener represented the landlord, L&L Holding Co., on an internal basis.

October 12, 2021

Development Leasing Activity Midwest Ohio Top Stories

Kroger, Ocado Announce Five New Customer Fulfillment Centers Around the Country

by John Nelson October 12, 2021

CINCINNATI — The Kroger Co. (NYSE: KR), the largest grocery store chain in the country, has announced five new customer fulfillment centers (CFCs) that the company will operate along with UK-based delivery logistics partner Ocado Group. The new Kroger Delivery facilities include a distribution center in the Northeast, as well as two centers in Southern California and a pair of facilities in South Florida. The vertically integrated CFCs will utilize machine learning and robotics and serve both Kroger customers and regional stores. The locations, size and construction timelines for these fulfillment centers were not disclosed because Kroger’s team members are still in the site selection process, but the Northeast CFC will be the Cincinnati-based grocer’s first in the region. “We feel great about the momentum we’re experiencing with Kroger Delivery and our partnership with Ocado and are strategically leveraging our assets to expand our operations in existing regions, as well as enter new geographies on the East Coast that leverage facilities across a growing range of sizes,” says Rodney McMullen, chairman and CEO of Kroger. “Kroger Delivery is a thriving part of our dynamic ecosystem and is transforming grocery e-commerce and meeting a range of customer needs.” The Southern California …

October 12, 2021

Features Leasing Activity Office Southeast Southeast Feature Archive

Rise of Remote Workforce Creates Paradigm Shift in Office Sector

by John Nelson October 12, 2021

In September, President Joe Biden issued a federal edict for large employers (100 employees or more) to require vaccines against COVID-19, or requiring weekly COVID-19 testing. The latest reporting out of Washington, D.C., is that the mandate carried out by the Occupational Safety and Health Administration (OSHA) will be enforced with hefty fines for noncompliance. Several blue-chip companies such as Anthem, Delta Air Lines, Google, Microsoft, Salesforce, Twitter, Tyson Foods, ViacomCBS, The Walt Disney Co. and Walmart have already announced plans to get their workforce fully or close to fully vaccinated. Clinton McKellar, executive director of Cushman & Wakefield’s Atlanta office, says that in addition to protecting their employees’ health, a large-scale vaccine mandate could potentially facilitate a return to pre-pandemic norms for corporate America, thus more employees in the office. “Giving vaccinated employees the opportunity to safely return to the office allows for impromptu meetings and collaboration that is difficult to replicate in a remote environment,” says McKellar. “In Atlanta, what is proven out is that people, if given the choice, would rather work from home than come to the office and wear a mask.” Clients are telling brokers that their workers who are regularly in their office are …

October 12, 2021

Illinois Leasing Activity Midwest Office

Tarkett to Relocate Showroom to Chicago’s Fulton Market

by Kristin Harlow October 11, 2021

CHICAGO — Global flooring manufacturer Tarkett has signed a lease to move its showroom and offices from Merchandise Mart to the 10th floor of Fulton East, a 12-story, 90,000-square-foot office building in Chicago’s Fulton Market District. Parkside Realty Inc. owns the building, which is located at 215 N. Peoria St. Tarkett will occupy nearly 11,000 square feet. The firm opened its 9,000-square-foot showroom at Merchandise Mart in 2017. Chicago-based Clayco constructed Fulton East and Lamar Johnson Collaborative served as architect. The newly built property includes several health and wellness features. Andy Gooliak of Colliers International and Nate Walczuk of Allegro Real Estate Brokers and Advisors represented Tarkett in the lease transaction. Katie Scott and Camille Julmy of Parkside Realty represented ownership on an internal basis.

October 11, 2021

Georgia Leasing Activity Office Southeast

Law Firm Signs 100,000 SF Office Lease at 1420 Peachtree in Midtown Atlanta

by Julia Sanders October 11, 2021

ATLANTA — Swift, Currie, McGhee & Hiers LLP, a law firm with offices in Georgia and Alabama, has signed a lease for a 100,000-square-foot office space at 1420 Peachtree St. NE. in Midtown Atlanta. The firm is relocating from The Peachtree Tower at 1355 Peachtree St., where it has operated for more than 30 years. Tim McCarthy and Ryanne Pennington of JLL represented Swift Currie in the deal, and Chip Roach and Stephen Clifton of Transwestern representing the building’s owner, Franklin Street Properties Corp. Swift Currie has more than 160 lawyers total and 324 Atlanta-based employees. As the firm has grown over the years, Swift Currie said the reason for its move is to have a bigger office space. 1420 Peachtree is a 160,000-square-foot, Class-A office building. The eight-story building is currently being renovated in order to modernize common areas, improve amenities and upgrade the tenant spaces. The building features walk-out fourth floor balconies. Located at the intersection of Peachtree and West Peachtree streets, the building is situated a half-mile north of MARTA’s Art Center Station and offers immediate access to the Interstate 75/85 Connector and Ga. Highway 400, as well as Piedmont Park and the Atlanta BeltLine Eastside Trail.

October 11, 2021

LA-Fitness-Marina-Pacifica-Long-Beach-CA

California Leasing Activity Retail Western

LA Fitness to Open New Location at Marina Pacifica in Long Beach

by Amy Works October 8, 2021

LONG BEACH, CALIF. — LA Fitness has leased 33,987 square feet of space, which Best Buy formerly occupied at Marina Pacifica Shopping Center in Long Beach. The gym location is scheduled open in early 2022. Other tenants at the 296,954-square-foot shopping center include AMC, Ralphs, Nordstrom Rack, Barnes & Noble, Buffalo Wild Wings, Starbucks Coffee and Ulta Beauty. The landlord, NewMark Merrill Cos., was represented in-house and by Beta Agency, while RealSource Group represented LA Fitness in the deal.

October 8, 2021

Industrial Leasing Activity Texas

Pollock Orora Signs 255,704 SF Industrial Lease in Houston

by Taylor Williams October 6, 2021

HOUSTON — Pollock Orora, a provider of commercial cleaning and packaging design services, has signed a 255,704-square-foot industrial lease at Seton Lake Logistics Center, located at 14611 Tomball Parkway in Houston. According to the property website, Trammell Crow owns the building, which is situated on 16.8 acres and features 32-foot clear heights. Joel Michael of NAI Partners represented the tenant in the lease negotiations. Faron Wiley of CBRE represented the landlord.

October 6, 2021

Leasing Activity New York Northeast Office

Lowenstein Sandler Signs 125,700 SF Office Lease Renewal, Expansion in Manhattan

by Taylor Williams October 6, 2021

NEW YORK CITY — National law firm Lowenstein Sandler has signed a 125,700-square-foot office lease renewal and expansion at 1251 Avenue of the Americas in Manhattan. The 54-story, 2.3 million-square-foot office tower is situated atop the Rockefeller Center subway hub in the borough’s Midtown area. David Falk, Peter Shimkin, Eric Cagner and Nick Berger of Newmark represented the landlord, Mitsui Fudosan America, in the lease negotiations. Michael Goldman and Philip Weiss of AttentivRE represented Lowenstein Sandler, which is extending its current lease and taking an additional 25,000 square feet on the 19th floor.

October 6, 2021

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