BRIDGEWATER, N.J. — Patio/outdoor furniture and accessories retailer Fortunoff Backyard Store will open a 9,400-square-foot retail establishment at Somerset Shopping Center in the Northern New Jersey community of Bridgewater. The tenant will backfill a space at the 219,000-square-foot center that was formerly occupied by Pier 1 Imports, which declared bankruptcy and began liquidating its stores in May 2020. Vanessa Fernandez-Kelty of Levin Management Corp. represented the landlord in the lease negotiations. Jake Frantzman of RIPCO Real Estate represented Fortunoff Backyard Store.
CHICAGO — Floor & Decor has opened a new 76,000-square-foot warehouse store and design center at 125 W. 87th St. in Chicago. The store opens with a team of about 50 full-time and part-time associates. Floor & Decor, which is a specialty retailer of hard-surface flooring, operates 160 stores across 33 states.
NASHVILLE, TENN. — Oracle, an Austin-based computer technology corporation, will lease space at Radius, a 265,564-square-foot office building in Nashville’s Gulch neighborhood. The tech company will use the office space as its new regional headquarters campus in Davidson County. Dallas-based Stream Realty Partners, which handles the building’s leasing and property management, and Sandeema Co. represented Oracle in the lease transaction. Radius, which previously was known as the Lifeway Plaza, is a nine-story building with six full-floor office spaces averaging 31,580 square feet that are available for lease. Oracle will occupy the fourth floor of the building. The building offers resort-style fitness facilities with lockers and showers, a tenant lounge, outdoor terrace, onsite security, café with grab-and-go items and ample parking. Located at 601 11th Ave. N., the office building is located 9.9 miles from Nashville International Airport and 2.5 miles from Belmont University.
CHICAGO — Commercial real estate firm Cresa has signed a 21,000-square-foot office lease to relocate its headquarters to Chicago from Washington, D.C. The firm will occupy space at 167 Green St. in Chicago’s Fulton Market district. Cresa says the decision to relocate follows the announcement of several high-level, Chicago-based leadership hires. The new office will house Cresa’s tenant advisory practice, project management and lease administration teams. The office will feature a mix of collaborative and private work areas. Cresa, which exclusively represents occupiers, maintains more than 80 offices and 1,000 employees.
LOGAN TOWNSHIP, N.J. — Freight company LaserShip Logistics has signed a 327,000-square-foot industrial lease at Building F at Logan North, a 3.2 million-square-foot speculative development in Southern New Jersey. John Dingle & Dean Torosian of JLL represented the tenant in the negotiations for the full-building lease. Torosian also worked with Nate Demetsky and Matt Kemery of JLL to represent the landlord, a partnership between Advance Realty Investors and Greek Development.
HOFFMAN ESTATES, ILL. — It Gym, a locally owned fitness studio that offers personal training and group exercise classes, will open a 3,300-square-foot facility at Bell Works Chicagoland in Hoffman Estates. The gym, owned by local personal trainer Gina Kaiser, is slated to open this summer. Bell Works Chicagoland is a redevelopment of the former AT&T corporate campus. Somerset Development is the owner.
LOGAN TOWNSHIP, N.J. — Global freight company SEKO Logistics has signed a 164,000-square-foot industrial lease at Building A at Logan North, a 3.2 million-square-foot speculative development in Southern New Jersey. Kevin Dudley, Nick Klackik and Jeff Kapcheck of CBRE represented the tenant in the lease negotiations. Nate Demetsky, Dean Torosian and Matt Kemery of JLL represented the landlord, a partnership between Advance Realty Investors and Greek Development.
VIENNA, VA. — Floor & Decor, an Atlanta-based specialty retailer of hard-surface flooring, will open its newest location in Vienna on Wednesday, March 23. The Floor & Decor Design Studio will offer design services and samples for customers, and the opportunity to work one-on-one with expert design professionals. Additionally, customers can have a private consultation in their own space, in which the designer will provide hand-selected samples, measurements, a 3D rendering of the design and a custom quote for the entire project. The studio will have a team of trained designers led by Ashley Herrington, the new studio’s design manager. Located at 1929 Old Gallows Road, the new studio is situated eight miles from Arlington and 13.3 miles from Washington, D.C.
FORT WORTH, TEXAS — Shoppa’s Material Handling, a provider of industrial equipment and machinery, has signed a 65,814-square-foot industrial lease in Fort Worth. Reid Bassinger and Trey Fricke of Lee & Associates represented the tenant in the lease negotiations. Adam Graham and Mark Graybill, also with Lee & Associates, represented the landlord, ML Realty Partners.
MINNETONKA, MINN. — Dick’s Sporting Goods is set to open a House of Sport store in Minnetonka this May. The retailer says that the store is designed to explore the future of retail through multi-sport experiences. Dick’s currently operates two other House of Sport stores in Rochester, N.Y., and Knoxville, Tenn. Specifically, the store will feature a 35-foot rock climbing wall; batting cage for baseball and softball; golf hitting bays; putting green; hockey shop; House of Cleats that will seasonally rotate product; health and wellness area; and a service area dedicated to sharpening hockey skates, breaking in gloves, stringing lacrosse sticks and building and repairing bikes. The store will also offer community programming such as sport clinics, rock climbing, summer camps, yoga classes and birthday parties. The House of Sport store in Minnetonka will also feature a 20,000-square-foot outdoor turf field and running track that will open later this year. In the winter months, the field will be converted to an ice skating rink. Dick’s is looking to hire more than 200 associates for the location.