Leasing Activity

Visa Leases 123,000 SF of Office Space in Midtown Atlanta

by Julia Sanders September 30, 2021

ATLANTA — Cousins Properties has signed Visa to a long-term, 123,000-square-foot lease at 1200 Peachtree St. in Midtown Atlanta. Visa, a multinational financial company based in Foster City, Calif., is expected to create about 1,000 new jobs in the region over the next several years as the company establishes a permanent office in Atlanta. Visa is slated to occupy the property by the fourth quarter of 2022. Atlanta-based real estate investment trust Cousins Properties acquired 1200 Peachtree in 2019 from Norfolk Southern Corp. When Norfolk Southern moves out of 1200 Peachtree and into its new building at the end of this year, Cousins Properties will redevelop the property for multi-tenant use. The redevelopment project will include renovations of the ground floor to create both indoor and outdoor amenities.

September 30, 2021

Industrial Leasing Activity Texas

HGR Industrial Surplus Signs 184,723 SF Lease at Junction 20/35 in Fort Worth

by Taylor Williams September 30, 2021

FORT WORTH, TEXAS — HGR Industrial Surplus has signed a 184,723-square-foot lease at Junction 20/35, a 1.1 million-square-foot industrial development in Fort Worth. Built in 1989 and renovated in 2021, the property is located at the nexus of Interstates 20 and 35. The owner, Los Angeles-based CIM Group, purchased the asset in 2020. Following this deal, Junction 20/35 is now fully leased.

September 30, 2021

Leasing Activity Northeast Office Pennsylvania

Compass Inc. Signs 17,239 SF Office Lease at 1430 Walnut St. in Philadelphia

by Taylor Williams September 30, 2021

PHILADELPHIA — Real estate technology firm Compass Inc. has signed a 17,239-square-foot office lease at 1430 Walnut St. in Philadelphia. Built in 2015, the property also houses tenants such as The Cheesecake Factory and Verizon Innovation Center. Craig Scheuerle and Matthew Guerrieri of Newmark represented the landlord and developer, Midwood Investment & Development, in the lease negotiations. Joshua Meltzer and Jay Joyce of Savills Inc. represented the tenant.

September 30, 2021

Walker Dunlop Williams Small Multifamily

Acquisitions Content Partner Features Leasing Activity Loans Midwest Multifamily Northeast Single-Family Rental Southeast Texas Walker & Dunlop Western

Small-Balance Multifamily: Sizable and Resilient

by Sarah Daniels September 30, 2021

While new-builds and top-of-the-line, large-scale developments typically attract the most buzz in the multifamily world, the vast majority of apartment properties in the United States have fewer than 100 units. These smaller properties play a vital role in delivering affordable and workforce rental housing inventory to the U.S. population. While the commercial real estate industry may refer to this sector of the multifamily market as “small,” make no mistake, “small” multifamily is not insignificant or inferior — it’s sizable and resilient. As other commercial real estate sectors paused during COVID-19, smaller multifamily properties and small-balance lending thrived. What does the future hold for this market? The Small Multifamily Market Defined The small multifamily market is highly fragmented with no clear definition of what constitutes “small” among capital sources. Generally, market statistics define the “small” multifamily sector by at least one of two measures: Unit count between five and 99 units; and/or Principal loan balance at origination between $1 million and $10 million[1] Strong Demand and Operating Fundamentals While the pandemic negatively impacted many areas of commercial real estate, with offices, retail shops and hotels largely shuttered across the U.S., the multifamily market remained resilient. Despite the past year’s challenges, multifamily …

September 30, 2021

Industrial Leasing Activity Texas

Good Sportsman Marketing Signs 494,238 SF Industrial Lease in Dallas

by Taylor Williams September 29, 2021

DALLAS — Good Sportsman Marketing, a designer and distributor of branded hunting accessories, has signed a 494,238-square-foot industrial lease at Passport Logistics Center in Dallas. The development spans 1.2 million square feet across three buildings and is located on the city’s north side. Blake Kendrick and Charles Brewer with Stream Realty Partners represented the landlord, Brookfield Properties, in the lease negotiations. Sarah Ozanne, also with Stream, represented the tenant.

September 29, 2021

Leasing Activity Office Texas

MD7 Signs 25,000 SF Office Lease at One Bethany West in Allen, Texas

by Taylor Williams September 28, 2021

ALLEN, TEXAS — MD7, a provider of mobile infrastructure consulting services, has signed a 25,000-square-foot office lease in the northeastern Dallas suburb of Allen. The firm is relocating its headquarters from San Diego to One Bethany West, which is located on the 17-acre Watters Creek campus. The move is expected to bring about 200 new jobs and $6.8 million in capital investment to the regional economy.

September 28, 2021

Industrial Leasing Activity New Jersey Northeast

OGS Recycling Signs 34,801 SF Industrial Lease in Eatontown, New Jersey

by Taylor Williams September 24, 2021

EATONTOWN, N.J. — OGS Recycling has signed a 34,801-square-foot industrial lease in Eatontown, located near the Jersey Shore. The building at 246 Industrial Way offers proximity to the Garden State Parkway, as well as a clear height of 30 feet and eight loading docks. Matt Leonelli of Sheldon Gross Realty represented the undisclosed landlord in the lease negotiations. David Zimmel of Zimmel Associates represented the tenant.

September 24, 2021

Leasing Activity North Carolina Office Retail Southeast

East West Partners Signs Three Leases for New Tenants to Join Crabtree Terrace in Raleigh

by Julia Sanders September 23, 2021

RALEIGH, N.C. — East West Partners has signed leases with two retail tenants and one office tenant at Crabtree Terrace, a 173,468-square-foot mixed-use development in Raleigh’s Crabtree Valley district. Hillman Duncan and John MacDonnell of JLL handle office leasing on behalf of the owner. CBRE is leading the retail leasing efforts. Located at 4509 Creedmoor Road, Crabtree Terrace includes 145,000 square feet of Class A office space and over 28,000 square feet of retail space. Opened in 2020, the building’s amenities include a fitness facility and locker rooms, as well as is located close to the Crabtree Creek Trail. Crabtree Terrace is just 10 miles from the Raleigh-Durham International Airport. JLL signed an undisclosed tenant to 13,000 square feet of office space at the property. The building already has office tenants, including Spaces, a coworking company, and Longleaf Law Partners, a boutique commercial real estate law firm. CBRE has added two retailers to the building’s ground floor, both of which will open by the end of 2021. The two new tenants are financial services company Fidelity Investments, which has signed a 7,400-square-foot lease, and Fiction Coffee, a Texas-based café that has signed a 1,400-square-foot lease. The property has additional onsite …

September 23, 2021

Development Georgia Leasing Activity Retail Southeast

GID Signs Puttshack to 26,000 SF Lease at High Street Development in Atlanta

by Julia Sanders September 23, 2021

ATLANTA — Puttshack, a mini golf and entertainment provider, has signed a second lease in Atlanta at High Street, a $2 billion, 36-acre mixed-use property in Perimeter Center Parkway on the northside of Atlanta. National real estate developer, owner and operator GID Development Group is developing High Street and inked the lease with Puttshack. Puttshack is the first anchor tenant to be announced for High Street. The mini golf retailer will have more than 26,000 square feet of space and will feature four custom-made, tech-driven mini golf courses. The property will also feature ‘Trackaball’ technology, which includes automated scoring, bonus points opportunities and interactive games at each hole. The entertainment venue will also have a dining menu and full cocktail bar. The first phase of the project will break ground this year and is slated to open by 2023. The project will include 150,000 square feet of entertainment-driven retail and restaurants, approximately 600 rental apartments, 90,000 square feet of loft offices and 222,000 square feet of existing office space. Located at 211 Perimeter Center Parkway, High Street is situated at the intersection of Perimeter Center Parkway and Hammond Drive. The project is also located close to the Dunwoody MARTA Station, …

September 23, 2021

California Leasing Activity Retail Western

Crazy Boss Big Discount Store Leases 103,000 SF Anchor Space in Fontana, California

by Amy Works September 23, 2021

FONTANA, CALIF. — Crazy Boss Big Discount Store has signed a lease to occupy 103,000 square feet of anchor space at 17099 Valley Blvd. in Fontana. Slated to open this fall, the new location will be within the 285,000-square-foot Vineyard Valley Center. Other tenants at Vineyard Valley Center include Food 4 Less, Big Lots, dd’s Discounts and several other shops, restaurants and services. Paul Galmarini of Progressive Real Estate Partners and Justin Altemus of The Altemus Co. co-listed the property and represented the undisclosed landlord in the deal. Galmarini also represented the tenant.

September 23, 2021

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