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Leasing Activity

IllinoisIndustrialLeasing ActivityMidwest

Partners Supply Chain Solutions Signs 50,007 SF Industrial Lease in Carol Stream, Illinois

by Kristin Harlow

CAROL STREAM, ILL. — Partners Supply Chain Solutions (PSCS) has signed a 50,007-square-foot industrial lease at 189 Easy St. in the Chicago suburb of Carol Stream. The lease represents a 25 percent increase in space from the company’s current location at 171 Gary St. in Carol Stream. PSCS expects to take occupancy of its new space in August. Built in 1996, the property spans 75,538 square feet and features 10 docks. Jay Cook of Cresa represented PSCS, which operates bulk and rail operations in more than 1 million square feet in Elmwood. The Carol Stream facility will serve as its specialized operations center, housing food and pharmaceuticals and high-value inventory. Philadelphia-based EQT Exeter owns the building.

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IndustrialLeasing ActivityNew JerseyNortheast

Showman Fabricators Signs 78,000 SF Industrial Lease in Fairfield, New Jersey

by Taylor Williams

FAIRFIELD, N.J. — Custom metal products provider Showman Fabricators has signed a 78,000-square-foot industrial lease at 15 Law Drive in the Northern New Jersey community of Fairfield. The newly renovated facility features a clear height of 18 feet and four loading docks. Chuck Fern, Thomas Tucci, Torsten Thaler and Natalie Gorga of Cushman & Wakefield represented both Showman Fabricators and the landlord, The STRO Cos., in the lease negotiations.

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Leasing ActivityOfficeTexas

Asset Living Signs 24,040 SF Office Lease in West Houston

by Taylor Williams

HOUSTON — Third-party property management firm Asset Living has signed a 24,040-square-foot office lease at 945 Bunker Hill Road in West Houston. The property is located within the 300-acre Memorial City mixed-use development. Dan Boyles of NAI Partners represented the tenant in the lease negotiations. Brad MacDougal and Warren Alexander of MetroNational represented the landlord on an internal basis

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IndustrialLeasing ActivityMichiganMidwest

Axiom Engineered Systems Signs 123,000 SF Flex Industrial Lease in Michigan

by Kristin Harlow

MUSSEY TOWNSHIP, MICH. — Axiom Engineered Systems has signed a lease for a 123,000-square-foot flex industrial building at 14898 Koehn Road in Mussey Township, about 55 miles north of Detroit. The location will serve as the company’s first in the U.S. The automotive company was founded in Canada in 1987. Matthew Buslepp, Jacob Zammit and Jim Becker of Avison Young represented the tenant. Lee & Associates represented the landlord, an entity doing business as 14898 Koehler Capac LLC.

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Leasing ActivityMidwestRestaurantRetailWisconsin

Social Cantina to Open 4,800 SF Restaurant at The Mill at Ironworks Plaza in Wisconsin

by Kristin Harlow

MISHAWAKA, WIS. — Social Cantina will open a 4,800-square-foot restaurant at The Mill at Ironworks Plaza, an apartment complex in downtown Mishawaka. The Mexican restaurant serves tequilas, fresh margaritas, craft beer and classic Mexican dishes. Finney Hospitality Group owns the restaurant brand. The Mill at Ironworks Plaza, completed in 2019, features 232 luxury apartment units with 13,000 square feet of retail space. Earlier this year, Sun King unveiled plans to open a 6,700-square-foot tap room at the property. Flaherty & Collins Properties, the property owner, is finalizing plans on a second phase that will bring an additional 230 luxury apartment units and riverfront retail space. Construction on Phase II is expected to begin in spring 2023.

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Leasing ActivityNew YorkNortheastOffice

XOMOX Jewelry Signs 13,500 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — XOMOX Jewelry has signed a 13,500-square-foot office lease at 240 W. 40th St. in Midtown Manhattan. The fine jewelry manufacturer is expanding from a 6,500-square-foot space at 151 W. 46th St. and will occupy the entire ninth floor of the building for a term of 10 years. Michael Nazarian and Matt Kashani of Norman Bobrow & Co. represented the tenant in the lease negotiations. Daniel Lolai, Joel Kubie and Eric Siegel of LSL Advisors represented the landlord, The Sioni Group.

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Leasing ActivityOfficeTexas

DISCO Opens 46,000 SF Headquarters Office in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — DISCO, a developer of cloud-based artificial intelligence solutions, has opened its 46,000-square-foot global headquarters office at One Eleven Congress in downtown Austin. Approximately 40 percent of the company’s 600 employees will work out of the headquarters space. DISCO, which also recently opened an office in New York, initially relocated its hub from Houston to Austin in 2018. Atlanta-based Cousins Properties owns One Eleven Congress.

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Leasing ActivityMichiganMidwestOffice

FDIC Signs 6,000 SF Office Lease in Wixom, Michigan

by Kristin Harlow

WIXOM, MICH. — Federal Deposit Insurance Corp. (FDIC) has signed a 6,000-square-foot office lease at 38000 Assembly Park Drive in Wixom, a western suburb of Detroit. FDIC will vacate offices in Livonia and Grand Rapids. The 36,000-square-foot office building is one of two office locations within Assembly Park, a mixed-use development. Construction of FDIC’s tenant buildout is expected to begin this month, with completion slated for the fall. Kelly Fisher and Neal Warling of JLL represented the landlord, General RV.

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Leasing ActivityOfficeTexas

Alto Opens 16,000 SF Headquarters Office in Dallas Design District

by Taylor Williams

DALLAS — Ridesharing services provider Alto has opened its 16,000-square-foot headquarters office at 141 Manufacturing St. in the Dallas Design District. The space offers a rooftop lounge and kitchen and walking trails. Stream Realty Partners represented Alto in the lease negotiations. Quadrant Investment Properties owns the building, and Transwestern provides leasing services.

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AcquisitionsCaliforniaIndustrialLeasing ActivityRetailTop StoriesWestern

Prologis Buys California’s Great America Amusement Park Site in Silicon Valley from Cedar Fair for $310M

by John Nelson

SANTA CLARA, CALIF. — Cedar Fair LP (NYSE: FUN), an amusement and water parks owner and operator based in Sandusky, Ohio, has sold the land at California’s Great America amusement park in the Silicon Valley town of Santa Clara. Prologis (NYSE: PLD), an industrial REIT based in San Francisco, purchased the 112 acres for $310 million and executed a lease with Cedar Fair to continue operating the park. Cedar Fair plans to eventually close Great America, which was built in 1976 by Marriott International Inc. (NASDAQ: MAR). The park features more than 60 rides and rollercoasters, as well as the Planet Snoopy children’s park and South Bay Shores waterpark, according to the property website. Cedar Fair will continue to operate the park for a period of up to 11 years and then will close existing park operations at the end of the lease term. After 40 years of leasing Great America, Cedar Fair purchased the land from the City of Santa Clara in 2019 per an order from the State of California. The city purchased the park from Marriott in 1985. Following company-wide park closures from the COVID-19 pandemic, Cedar Fair explored options to raise revenue within its existing portfolio. …

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