Leasing Activity

Club Colors Signs 52,056 SF Office Lease at Bell Works Chicagoland

by Kristin Harlow July 15, 2022

HOFFMAN ESTATES, ILL. — Club Colors has signed a long-term lease for 52,056 square feet of office space at Bell Works Chicagoland in Hoffman Estates. The branding and marketing company will utilize the space for its national headquarters beginning in May 2023. Club Colors will occupy space on the third floor of the east building as well as a production facility on the first floor with access to a private outdoor patio. The tenant will bring its team of 125 employees from its current home in Schaumburg. Jon Springer of CBRE represented Club Colors, while Steve Kling of Colliers represented ownership, Inspired by Somerset Development. Bell Works Chicagoland is the redevelopment of the former AT&T campus. Club Colors is now the property’s largest tenant to date.

July 15, 2022

Industrial Leasing Activity Texas

Carolina Beverage Group Signs 493,920 SF Industrial Lease Expansion in Fort Worth

by Taylor Williams July 15, 2022

FORT WORTH, TEXAS — Carolina Beverage Group, which provides manufacturing, packaging and distribution services for the beverage industry, has signed a 493,920-square-foot industrial lease expansion at AllianceTexas in North Fort Worth. The tenant has occupied space at AllianceTexas for nearly a decade and now has a total footprint of 695,124 square feet. Carolina Beverage Group’s new space features 36-foot clear heights, 135-foot truck court depths and ample trailer parking.

July 15, 2022

Industrial Leasing Activity New Jersey Northeast

IDI Logistics Signs Home Improvement Retailer to 111,111 SF Industrial Lease in Passaic, New Jersey

by Taylor Williams July 15, 2022

PASSAIC, N.J. — Atlanta-based IDI Logistics has signed a 111,111-square-foot, full-building industrial lease with an undisclosed home improvement retailer at 26 Jefferson St. in the Northern New Jersey community of Passaic. The facility sits on 7.5 acres and features a clear height of 40 feet, 27 docks, two drive-in doors and parking for 61 cars and eight trailers. David Knee and Chris Hile of JLL represented IDI Logistics in the lease negotiations.

July 15, 2022

Development Georgia Industrial Leasing Activity Mixed-Use Southeast

Jamestown Signs Defense Tech Firm to 180,000 SF Industrial Lease in Atlanta

by John Nelson July 14, 2022

ATLANTA — Jamestown has signed Anduril Industries, a defense tech firm, to an 180,000-square-foot industrial lease at Allied Studios, a three-building mixed-use campus located at 1435 Hills Place in Atlanta’s Upper Westside district. Anduril will invest $60 million and bring 180 jobs to the new manufacturing and research facility. The facility will house Area-1, a subsidiary of Anduril that manufacturers unmanned aircraft systems. When complete, Area-1 will operate offices, research and development space and production space across two buildings at Allied Studios. Capital Real Estate Group represented Jamestown in the lease transaction, and Hughes Marino represented Anduril.

July 14, 2022

Leasing Activity New York Northeast Office

JLL Negotiates 60,000 SF Office Headquarters Lease in Midtown Manhattan

by Taylor Williams July 14, 2022

NEW YORK CITY — JLL has negotiated a 60,000-square-foot office headquarters lease at 825 Seventh Ave. in Midtown Manhattan. Owned by a partnership between Edward J. Minskoff Equities and Vornado Realty Trust (NYSE: VNO), the building spans 196,616 square feet. Matthew Astrachan, Ellen Herman and Hale King of JLL represented the tenant, New Alternatives for Children, in the lease negotiations. Edward Riguardi of Vornado and Jeffrey Sussman of Edward J. Minskoff represented building ownership in conjunction with John Ryan III of Avison Young.

July 14, 2022

Industrial Leasing Activity Massachusetts Northeast

SGPS ShowRig Signs 49,524 SF Industrial Lease in Shrewsbury, Massachusetts

by Taylor Williams July 14, 2022

SHREWSBURY, MASS. — SGPS Showrig, a provider of entertainment equipment, has signed a 49,524-square-foot industrial lease in Shrewsbury, located outside of Worcester in the central part of the state. The space is located within Centech Park North, a 310,000 square-foot campus that is set to be delivered at the end of the year. Kevin Brawley, Stephen Woelfel, P.J. Foster, Kevin Hanna, Ovar Osvold and Wayne Spiegel of Colliers represented the landlord, Northbridge Partners, in the lease negotiations. Rhett Delk and Nate Heilbron of Cresa represented the tenant.

July 14, 2022

Leasing Activity Michigan Midwest Retail

Five Iron Golf to Open First Michigan Location in Shelby Township

by Kristin Harlow July 13, 2022

SHELBY TOWNSHIP, MICH. — Five Iron Golf, an indoor golf and entertainment experience, is scheduled to open in August in Shelby Township, about 30 miles north of Detroit. The 6,000-square-foot location at 70773 Corporate Drive will offer six TrackMan golf simulators, custom club fitting by The Fitting Lab, a putting green, full-service bar, widescreen TVs and shuffleboard. Five Iron Golf also plans to open a Detroit location later this year.

July 13, 2022

Leasing Activity New York Northeast Office

Beachwold Residential Signs 12,637 SF Office Lease at 257 Park Avenue South in Manhattan

by Taylor Williams July 13, 2022

NEW YORK CITY — Multifamily development and investment firm Beachwold Residential has signed a 12,637-square-foot office lease at 257 Park Avenue South in Manhattan’s Flatiron District. The 20-story building was constructed in 1912 and spans 226,000 square feet. Jared Stern of Savills represented the tenant in the lease negotiations. Rob Fisher represented the landlord, The Feil Organization, on an internal basis.

July 13, 2022

Illinois Leasing Activity Midwest Office

Riverside Inks Leases with Three New Tenants at Office Building in Chicago

by Kristin Harlow July 12, 2022

CHICAGO — Riverside Investment and Development has inked leases with three new tenants for 320 S. Canal, its newest office property in Chicago. Law firm Skadden Arps leased 89,100 square feet, National Futures Association (NFA) leased 55,364 square feet, and insurance company Ullico will occupy 8,445 square feet. NFA is the self-regulatory organization for the U.S. derivatives industry. The new tenants join anchor tenant BMO and two other law firm tenants, Chapman & Cutler and Faegre Drinker, which have already welcomed employees to the property. Developed by Riverside and Convexity Properties and designed by Goettsch Partners, the 52-story building opened in January. The Green, a 1.5-acre, privately owned outdoor park, sits on the west side of the building. Dan McCarthy and Bill Rogers of JLL represented Skadden Arps. Mark Keebler and Brad Serot of CBRE represented National Futures Association, while Brady Wolfe and Bill Sheehy of CBRE represented Ullico. Christy Domin and Drew Neiman represented Riverside on an internal basis.

July 12, 2022

Leasing Activity New York Northeast Office

Paul Smith Signs 12,617 SF Office Lease at 257 Park Avenue South in Manhattan

by Taylor Williams July 12, 2022

NEW YORK CITY — British apparel designer Paul Smith has signed a 12,617-square-foot lease for its new office and showroom at 257 Park Avenue South in Manhattan’s Flatiron District. The 20-story building was constructed in 1912 and spans 226,000 square feet. Will Grover and Ben Shapiro of Newmark represented the tenant in the lease negotiations. Rob Fisher represented the landlord, The Feil Organization, on an internal basis.

July 12, 2022

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