Leasing Activity

Two Tenants Sign Industrial Leases at HSA Commercial-Owned Properties

by Kristin Harlow June 16, 2021

PLAINFIELD, IND. AND MOUNT PLEASANT, WIS. — Two new tenants have signed leases at industrial properties owned by HSA Commercial Real Estate in Indiana and Wisconsin. In the first transaction, Sedgwick leased 68,486 square feet at Gateway V, a facility within the 55-acre Gateway Business Park in Plainfield. The 262,758-square-foot property, which HSA developed in 2019, is now fully leased. Sedgwick is a provider of technology-enabled risk, benefits and integrated business solutions. In the second transaction, Ryder Last Mile Inc. moved into 75,290 square feet at 1570 International Drive in Mount Pleasant. The 116,600-square-foot building is one of three developed by HSA within the 184-acre Park 94. Ryder is a provider of last-mile logistics solutions for retail brands. Ned Frank, Pat Hake and Steve Sewart of Colliers International represented ownership in the Ryder lease, while Scott Furmanski and Karl Wiedenman of CBRE represented the tenant. Terry Busch and Jared Scaringe of CBRE represented ownership in the Sedgwick lease, while J.D. Graves of CBRE represented the tenant.

June 16, 2021

Industrial Leasing Activity Texas

Custom Goods Signs 353,600 SF Industrial Lease Near Port Houston

by Taylor Williams June 16, 2021

HOUSTON — Logistics firm Custom Goods LLC has signed a 353,600-square-foot, full-building lease at Bay Area Business Park, a 232-acre master-planned industrial development near Port Houston. Justin Robinson and Woody Hillyer of Stream Realty Partners represented the landlord, Principal Real Estate Investors, in the lease negotiations. Barry Hill and Doug Nicholson of Newmark represented the tenant.

June 16, 2021

Leasing Activity Office Texas

CBRE Negotiates 47,850 SF Office Lease in Dallas for Fortress Investment Group

by Taylor Williams June 16, 2021

DALLAS — CBRE has negotiated a 47,850-square-foot office lease at Weir’s Plaza in the Knox-Henderson area of Dallas for global asset manager Fortress Investment Group, which also has an office in Irving. The 12-story building, which is under construction and expected to be complete in November, is located at the site of the former Weir’s Furniture store at 3219 Knox St. Jeff Ellerman and John Ellerman of CBRE represented the tenant in the lease negotiations along with Howard Grufferman, Billy Vahrenkamp and Brad Balke of Colliers International. Tommy Nelson and Dennis Barnes of CBRE represented the landlord, Dallas-based Four Rivers Capital.

June 16, 2021

Leasing Activity New Jersey Northeast Retail

Mayweather Boxing + Fitness Opens 3,397 SF Gym in North Brunswick, New Jersey

by Taylor Williams June 15, 2021

NORTH BRUNSWICK, N.J. — Mayweather Boxing + Fitness has opened a 3,397-square-foot gym at The Shoppes at North Brunswick, an upscale retail center located about 40 miles south of New York City. This will be the tenant’s first location in New Jersey. Azarian Realty Co. represented the undisclosed landlord in the lease negotiations.

June 15, 2021

District of Columbia Leasing Activity Office Southeast

Meridian Group Signs Two Office Tenants to Anchor 1333 New Hampshire Avenue in D.C.

by Julia Sanders June 11, 2021

WASHINGTON, D.C. — The Meridian Group has signed two new anchor tenants at 1333 New Hampshire Avenue in the center of Dupont Circle in Washington, D.C. The two office tenants, American Bankers Association (ABA) and the Patient-Centered Outcomes Research Institute (PCORI), together will lease more than half of the 350,000-square-foot building, which is in the final stages of a renovation. ABA, which is moving its headquarters to 1333 New Hampshire from its previous location at 1120 Connecticut Ave., will occupy three floors. ABA will lease a total of 87,183 square feet and plans to move in November 2022. PCORI selected 1333 New Hampshire to be its new headquarters as well. Consolidating multiple D.C. office locations into one building, PCORI will lease 96,092 square feet on three-and-a-half floors, including a conference facility. The firm will occupy its space beginning in spring 2022. The building is now 73 percent leased. Available space includes two remaining upper full floors, as well as newly renovated, move-in-ready suites on the fourth floor. Meridian’s renovations of 1333 New Hampshire includes the addition of a rooftop conferencing facility and entertainment space, outdoor terrace, redesigned lobby and fitness center. The renovations also include retail storefronts and secured bicycle …

June 11, 2021

Industrial Leasing Activity Texas

SiteOne Landscape Supply Signs 337,913 SF Industrial Lease in Hutchins, Texas

by Taylor Williams June 11, 2021

HUTCHINS, TEXAS — Georgia-based SiteOne Landscape Supply has signed a 337,913-square-foot industrial lease at 1200 W. Wintergreen Road in the southern Dallas suburb of Hutchins. According to LoopNet Inc., the property was built in 2017 and totals 754,897 square feet. Adam Curran, David Eseke, Gary Collett and Jeff Eisenhart of Cushman & Wakefield represented the tenant in the lease negotiations. Boston-based Cabot Properties owns the building.

June 11, 2021

Leasing Activity Massachusetts Northeast Retail

REI to Open Small-Format Store at Cambridge Crossing in Massachusetts

by Taylor Williams June 11, 2021

CAMBRIDGE, MASS. — Outdoor apparel and equipment retailer REI will open an 8,000-square-foot store at Cambridge Crossing, a 43-acre mixed-use development located at the junction of Boston, Cambridge and Somerville. The opening of the store, which is scheduled for this fall, represents the launch of the retailer’s new small-format prototype and will be located within a newly constructed office and retail building. DivcoWest is the master developer of Cambridge Crossing.

June 11, 2021

Leasing Activity Northeast Office Pennsylvania

Mindspace Opens 42,000 SF Flexible Workspace in Philadelphia

by Taylor Williams June 10, 2021

PHILADELPHIA — Mindspace, a provider of flexible workspace solutions, has opened a 42,000-square-foot space at the Wanamaker Building, a historic property in Philadelphia that was built in 1911 as one of America’s first department stores. Rubenstein Partners LP owns the building in partnership with Amerimar Enterprises. With this location, Mindspace now operates 31 spaces across 16 cities and seven countries.

June 10, 2021

Kansas Leasing Activity Midwest Office

TTEC Holdings Joins Tenant Lineup at Aspiria Office Campus in Overland Park

by Kristin Harlow June 10, 2021

OVERLAND PARK, KAN. — Global technology company TTEC Holdings is the newest tenant at the Aspiria corporate campus in Overland Park. With over 50,000 employees across the globe, TTEC is looking to bring more than 400 jobs to metro Kansas City. The company will occupy nearly 20,000 square feet at Aspiria, the former Sprint world headquarters campus that is now owned by Occidental Management. TTEC worked with the Kansas City Area Development Council, Overland Park Chamber of Commerce, Kansas Department of Commerce and CBRE prior to securing its lease.

June 10, 2021

Leasing Activity Retail Texas

SuperNova Furniture to Open 40,000 SF Store at Brazos Town Center in Metro Houston

by Taylor Williams June 9, 2021

ROSENBERG, TEXAS — SuperNova Furniture will open a 40,000-square-foot store at Brazos Town Center, a 550-acre mixed-use development by local developer NewQuest Properties in Rosenberg, a southwestern suburb of Houston. The lease term is 10 years, and the store, which is located in a space formerly occupied by department store Gordman’s, is set to open this fall. The lease pushes the property’s retail occupancy rate to 98 percent. Joe Silver and Chris Pitts of Streetwise Retail Advisors represented the retailer in the lease negotiations.

June 9, 2021

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