Leasing Activity

NEW YORK CITY — Grimshaw Services USA, a division of British architectural firm Grimshaw, has signed an 18,783-square-foot office lease at 60 Madison Avenue in Manhattan’s Meatpacking District. The tenant plans to take occupancy of the entire fourth floor in the second quarter of next year. Gregg Rothkin, Tim Freydberg, Jared London and Hayden Pascal of CBRE represented the landlord, The Moinian Group, in the lease negotiations. Ken Fishel of LegacyNY represented the tenant.

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CHICAGO — Owner CIM Group has negotiated three new leases totaling 108,975 square feet at 425 S. Financial Place, a 40-story, 1 million-square-foot office tower in Chicago’s Central Loop. Loop Capital, a full-service investment bank, brokerage and advisory firm, leased 36,676 square feet on the 26th and 27th floors. The company is relocating its Chicago operations. Chicago Trading Co., which has occupied space at 425 S. Financial Place since 2009, is expanding within the building taking an additional 46,343 square feet on the seventh and eighth floors. The company is a proprietary trading firm and consists of a collaborative group of traders, quants, technologists and operations team members. TICG Management, which offers a range of products including mortgage loans, real estate services and a line of insurance, renewed its lease for 25,956 square feet. The company has occupied space on the 20th floor since 2014. In 2015, 425 S. Financial Place underwent renovations, including the addition of a full-service cafeteria, conference centers, concierge services, a tenant lounge and outdoor terrace. The property also houses the Buckingham.AC, a private social and athletic club, as well as the 21-room Buckingham Hotel.

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WATERFORD, MICH. — Tammy’s Four Paws Dog Grooming has leased 1,412 square feet at the Excalibur Square shopping center located on Highland Road in Waterford Township, about 38 miles north of Detroit. Michael Murphy of Gerdom Realty & Investment represented the tenant in the lease transaction. Petar Elieff of Iconic Real Estate represented the undisclosed landlord.

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DALLAS — Law firm McGuireWoods has signed a 33,345-square-foot office lease at The Link at Uptown in Dallas. The firm will occupy the entire 22nd floor and part of the 21st floor of the 25-story building, which is now 96 percent leased. Blake Shipley of JLL, in conjunction with Sarah Kennington and Bryce Jackson of Thirty-Four Commercial, represented the landlord, Kaizen Development Partners, in the lease negotiations. Stephen Hemphill, Cory Darden and Steve Macnoll of Mohr Partners represented McGuireWoods.

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BAYONNE, N.J. — JLL has negotiated a 195,723-square-foot industrial lease for The Home Depot at Harborview Logistics Center in the Northern New Jersey community of Bayonne. The speculative building will be fully complete in January and features a clear height of 40 feet, 46 dock doors and parking for 149 cars and 32 trailers. HD Supply, an affiliate of the Atlanta-based home improvement retailer, will relocate to the facility in a move that represents an expansion from its current facility in nearby Secaucus. Joel Lubin and Gary Politi of JLL represented the landlord, Delta Equity Management, in the negotiations for the seven-year lease. Noah Balanoff of Colliers represented the tenant.

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GLENDALE, ARIZ. — Logistics Plus, a worldwide provider of transportation, logistics and supply chain solutions, has signed a full-building lease at Building A of Sarival Logistics Center in Glendale. The 1.15 million-square-foot building was built on a speculative basis and is the first phase of a larger development, which can accommodate more than 2 million square feet of industrial space at full build out. Building A features 40-foot clear heights, 845 auto parking spaces, 409 trailer stalls, 218 dock doors, four drive-in doors, wide column spacing, ESFR sprinklers, 6,000 amps of heavy power and LED warehouse lighting. Andy Markham, Mike Haenel and Phil Haenel of Cushman & Wakefield represented the undisclosed landlord, while Jeremy Trotter of Foremost Commercial represented the tenant in the lease transaction.

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NEW YORK CITY — Whole Foods Market will open a 42,000-square-foot store at 66 Broadway in Manhattan’s Financial District, on Wednesday, Jan 11. The store will feature full-service meat and seafood counters, a coffee bar, bakery, prepared foods section, a selection of more than 200 craft beers and a section devoted to cosmetics and body care products.

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NEW YORK CITY — Fintech services firm WorkFusion has signed a 13,327-square-foot office lease at 1450 Broadway in Midtown Manhattan. The tenant will relocate from 48 Wall Street to the entire 19th floor of the 42-story building, which features a fitness center, conference facility  and tenant lounges. Val Stobetsky, William McGarry and Michael Pallas of JLL represented WorkFusion in the lease negotiations. Mitchell Konsker, Barbara Winter, Greg Wang, Simon Landmann and Thomas Swart, also with JLL, represented the landlord, ZG Capital. The building is now 90 percent leased.

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SCHERTZ, TEXAS — Partners, the Houston-based investment and brokerage firm formerly known as NAI Partners, has negotiated a 112,935-square-foot industrial lease at Doerr Lane Logistics Center in the northeastern San Antonio suburb of Schertz. John Colglazier, Kyle Kennan and Carlos Marquez of Partners represented the landlord, an entity doing business as Baltisse-Ackerman Schertz LLP, in the lease negotiations. Brad Hanagan of ATCAP Partners represented the tenant, MEI Rigging & Crating LLC. The property, which is under construction and slated for a February 2023 delivery, is now 75 percent preleased.

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MILLVILLE, N.J. — FunCity Adventure Park, an entertainment concept that features trampolines, laser tag, ropes courses, bumper cars and arcades, will open a 36,500-square-foot venue in the Southern New Jersey community of Millville. The center will be located within Union Lake Crossing, which is anchored by grocer ShopRite, Target and Kohl’s. According to New Jersey Stage, FunCity is backfilling a space formerly occupied by Dick’s Sporting Goods and is targeting a mid-2023 opening. Massachusetts-based advisory firm KeyPoint Partners represented FunCity in its site selection and lease negotiations.

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