NEW YORK CITY — Law firm Kaufman Borgeest & Ryan (KBR) has signed a 27,117-square-foot office lease at 875 Third Avenue in Midtown Manhattan. The lease term is 15 years. The tenant will relocate from 120 Broadway to occupy a full floor at the 29-story building, which was originally constructed in 1982. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL represented the landlord, Global Holdings Management Group, in the lease negotiations. Howard Greenberg of Howard Properties and Barry Lewen of Cresa represented KBR.
Leasing Activity
HIALEAH, FLA. — All Florida Paper, a Hispanic-owned paper and sanitation products wholesaler, has signed a full-building, 226,698-square-foot industrial lease at Building D in Beacon Logistics Park in the Miami suburb of Hialeah. Jose Juncadella and Sebastian Juncadella of Fairchild Partners represented the landlord, Codina Partners, in the lease deal. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield represented the tenant. Construction on Building D is scheduled to begin in the fourth quarter, and All Florida Paper is slated to occupy the space by mid-2023. Once completed, Beacon Logistics Park, located at NW 145th Place and NW 107th Ave., will span more than 1.3 million square feet of space.
WOODRIDGE, ILL. — Bar-S, a Sigma brand, has signed a 47,539-square-foot industrial lease at 2141 Internationale Parkway in the Chicago suburb of Woodridge. The location will serve as the company’s Midwest distribution center. The lease begins Oct. 1. Prologis owns the 130,000-square-foot property, which features six exterior docks, two drive-in doors and a clear height of 30 feet. Bar-S, a producer of bacon, sausages, hot dogs and lunchmeat, plans to install a 15,000-square-foot cooler at the property. Bar-S is currently subleasing space in Chicago. Jay Cook of Cresa represented the tenant in the lease for the Woodridge location.
CHATTANOOGA, TENN. — Nordstrom Inc. plans to open a new Nordstrom Rack store at The Terrace at Hamilton Place, an open-air shopping center located at the intersection of Shallowford Road and I-75 in Chattanooga. This will be the third Nordstrom Rack and fourth Nordstrom concept in Tennessee. Locally based CBL Properties owns and manages Hamilton Place, which houses retailers including Academy Sports + Outdoors, DSW, Ulta Beauty and Old Navy. CBL Properties plans to open the Nordstrom Rack store in spring 2023.
Apparel Manufacturer AS Colour Signs 240,000 SF Industrial Lease in Southwest Charlotte
by John Nelson
CHARLOTTE, N.C. — AS Colour, a New Zealand-based apparel designer and manufacturer, has signed a 240,000-square-foot lease at 11109 Quality Drive in southwest Charlotte. The new facility will be the largest among AS Colour’s existing network of distribution centers in New Zealand, Australia, the UK and California, and will serve as the firm’s base of operations on the East Coast. Chris Skibinski, Henry Lobb and Colin Ferguson of Avison Young represented the landlord, Charland Partners, in the lease negotiations. Tom Tropeano, also with Avison Young, represented AS Colour.
SUNNYVALE, TEXAS — Locally based brokerage firm Paladin Partners has negotiated a 643,760-square-foot industrial lease at 100-200 Planters Road, a newly built property located in the eastern Dallas suburb of Sunnyvale. Conrad Madsen and Greg Nelson of Paladin Partners represented the landlord, a partnership between locally based developers Langford Property Co. and Flaherty Development, in the lease negotiations. Adam Curran and Jay Benner of Cushman & Wakefield represented the tenant, an undisclosed, locally based manufacturer.
CARMEL, IND. — JLL has completed the lease-up of The Agora at the Proscenium in the Indianapolis suburb of Carmel. The 100,000-square-foot office building is now home to Valeo, Schwarz Partners, Lauth, Gallagher, Lambda Chi Alpha, Cityscape Residential, Indy Knitwear and Renaissance Specialty Insurance. Lauth completed development of the property in the fall of 2020. The development also features luxury apartments and condos along with 40,000 square feet of retail space. John Vandenbark of JLL was the leasing agent for the office space.
FORNEY, TEXAS — Locally based brokerage firm Paladin Partners has negotiated a 712,900-square-foot industrial lease at Gateway East Trade Center in Forney, an eastern suburb of Dallas. Dallas-based Hunt Southwest delivered the single-tenant, cross-dock building earlier this year. Gateway East Trade Center sits on 44.9 acres and features 40-foot clear heights, four drive-in doors, 266 car parking spaces (expandable to 439) and 151 trailer parking spaces (expandable to 226). Conrad Madsen and Greg Nelson of Paladin Partners represented the tenant, Kansas-based logistics firm Hayes Co., in the lease negotiations. Kurt Griffin, Nathan Orbin and Stuart Smith of Cushman & Wakefield represented Hunt Southwest.
HOUSTON — Texas-based accounting firm Weaver has signed a 60,247-square-foot office lease at 440 Post Oak Parkway in Houston’s River Oaks district. The space spans three floors of the 28-story building, which was originally constructed in 1982. The landlord, Florida-based CP Group, is in the midst of renovating the building to feature an activated lobby, fitness center, conference rooms, coffee bar, restaurant and outdoor green spaces. Scott Morse of Citadel Partners represented Weaver in the lease negotiations.
PHILADELPHIA — Pennsylvania Real Estate Investment Trust (PREIT) has added new tenants to three of its malls in the Philadelphia area. Rose & Remington, a lifestyle brand centered on mother-daughter shopping experiences, will open stores at Willow Grove Park, Capital City and Cherry Hill malls later this year. These stores will mark the retailer’s foray into greater Philadelphia. Fashion-forward jewelry concept Lovisa will also launch at Capital City Mall this fall. Lovisa opened its first store at PREIT’s Woodland Mall last year and has a third location at Springfield Town Center.