Leasing Activity

150-Old-New-Brunswick-Road-Piscataway-New-Jersey

Bob’s Discount Furniture Signs 622,230 SF Industrial Lease in Piscataway, New Jersey

by Taylor Williams February 19, 2021

PISCATAWAY, N.J. — Bob’s Discount Furniture has signed a 622,230-square-foot industrial lease at 150 Old New Brunswick Road in Piscataway, located in Northern New Jersey. The facility is currently under construction and is expected to be complete this summer. Building features will include 40-foot clear heights, 125 dock doors, 302 automobile parking spaces and 127 trailer parking spaces. Scott Belfer of CBRE represented the tenant in the lease negotiations. Chuck Fern, Thomas Tucci, Frank Truesdell, Jason Barton and Stephen Shoemaker of Cushman & Wakefield, along with internal agents Cait English and Ben Rosen, represented the landlord, Duke Realty.

February 19, 2021

Georgia Industrial Leasing Activity Lee & Associates Southeast

Lee & Associates Arranges 589,680 SF Industrial Lease in Braselton, Georgia

by Julia Sanders February 19, 2021

BRASELTON, GA. — Lee & Associates’ Atlanta office has arranged a 589,680-square-foot industrial lease at Park 85 Business Park in Braselton. Billy Snowden, Rick Tumlin and Mike Sutter of Lee & Associates represented the tenant, California-based Comptree Inc., in the lease transaction. Bob Currie, Brad Pope and Reed Davis of JLL represented the landlord, Los Angeles-based CBRE Global Investors. The newly built facility is located at 1380 Jesse Cronic Road in Atlanta’s I-85 Northeast submarket. This is the third Atlanta facility for Comptree, which specializes in the acquisition and distribution of furniture, outdoor accessories and printer media. The company supports e-commerce via websites Meritline and ABCink.

February 19, 2021

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 19,451 SF Industrial Lease Near Fort Worth

by Taylor Williams February 18, 2021

SOUTHLAKE, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 19,451-square-foot industrial lease at Southlake Business Park, located on the outskirts of Fort Worth. Matt Carthey, George Jennings and Hogan Harrison of Holt Lunsford represented the landlord in the lease negotiations. Joe Santaularia of Bradford Commercial represented the tenant, American Bear Logistics.

February 18, 2021

Industrial Leasing Activity New York Northeast

Briggs & Stratton Signs 566,706 SF Industrial Lease in Upstate New York

by Taylor Williams February 18, 2021

SHERRILL, N.Y. — Briggs & Stratton, a Wisconsin-based manufacturer of gasoline engines, has signed a 566,706-square-foot industrial lease at Silver City Industrial Campus in Sherrill, an eastern suburb of Syracuse. Silver City Industrial Campus spans 90 acres and 864,668 square feet and includes 200,000 square feet of land for future expansion. A partnership between Florida-based firm Index Investment Group and OX Group owns the property.

February 18, 2021

Leasing Activity Midwest Missouri Office

General Contractor McCarthy Relocates to New Headquarters in St. Louis

by Kristin Harlow February 18, 2021

ST. LOUIS — St. Louis-based general contractor McCarthy has relocated its headquarters to a new space that is nearly 30,000 square feet larger than its previous office. McCarthy Holdings Inc. will occupy the building’s third floor and staff members of the central region of McCarthy Building Cos. Inc. will occupy the second floor. The building is located at 12851 Manchester Road. McCarthy collaborated with building owner Franklin Partners to complete extensive interior and exterior renovations prior to its move-in. The buildout features a central staircase connecting the two floors as well as conference and training facilities, flex space, a fitness center and micro café. A construction technology suite features smart screens and three-dimensional virtual reality technology. In response to COVID-19, the building’s existing HVAC system was upgraded to an air treatment system designed to neutralize pathogens. Workspaces have been arranged to incorporate social distancing. Divider screens separate individuals and panel heights between workstations were increased by 16 inches. Christner Architects served as project architect. The building was originally constructed in 1996 for AT&T.

February 18, 2021

Industrial Leasing Activity Midwest Missouri

Sunpro Solar Signs 20,380 SF Industrial Lease in Riverside, Missouri

by Kristin Harlow February 17, 2021

RIVERSIDE, MO. — Sunpro Solar has signed a 20,380-square-foot industrial lease at Belgium Business Park Building 2 in Riverside, just north of Kansas City. The Class A property spans 100,000 square feet and is fully leased. Mark Long and John Hassler of Newmark Zimmer represented the landlord, a subsidiary of Green Bay Packaging. Nick Tinnel of True North Industrial Realty LLC represented the tenant, which is a solar panel installation company.

February 17, 2021

Leasing Activity Michigan Midwest Retail

Pet Supplies Plus to Open New Store in Ypsilanti, Michigan

by Kristin Harlow February 17, 2021

YPSILANTI, MICH. — Pet Supplies Plus has signed a lease for 6,800 square feet at Paint Creek Plaza, a Kroger-anchored shopping center in Ypsilanti. The retailer plans to open the new store later this year. Tjader Gerdom & Larry Siedell of Gerdom Realty & Investment represented Pet Supplies Plus in the lease transaction. Grenadier Properties owns and manages Paint Creek Plaza, which is located on Whittaker Road.

February 17, 2021

Leasing Activity New Jersey Northeast Retail

Harbor Freight Tools Opens 16,000 SF Store in Wayne, New Jersey

by Taylor Williams February 17, 2021

WAYNE, N.J. — Discount hardware and equipment retailer Harbor Freight Tools has opened a 16,000-square-foot store in Wayne, located outside of New York City. Lew Finkelstein, C.J. Huter and Roy Paret of The Goldstein Group represented the Landlord, Glen Eagle Shopping Center LLC, in the lease negotiations. Marcus Bourn and Andrew Connolly of Newmark represented the tenant.

February 17, 2021

Acquisitions Florida Industrial Leasing Activity Southeast

Cushman & Wakefield Arranges $14.5M Sale-Leaseback for Industrial Facility in Orlando

by John Nelson February 16, 2021

ORLANDO, FLA. — Cushman & Wakefield has arranged a $14.5 million sale-leaseback for a distribution facility in Orlando. GES, a Las Vegas-based marketing and logistics partner for the exhibition and convention industry, is the seller and the sole tenant of the property. Skye Cook, Brad Torell, Jared Bonshire, David Perez, Taylor Zambito, Rick Colon, Mike Davis and Rick Brugge of Cushman & Wakefield represented GES in the transaction. An affiliate of Coral Springs, Fla.-based Eisenberg Investment Group acquired the property. Located at 4805 W. Sand Lake Road, the 192,700-square-foot property is situated on 17 acres and is used for GES’ regional and international operations. The property includes 44,167 square feet of two-story office space, a trailer storage yard, onsite weigh station, clear heights of 21 feet to 29 feet, 38 dock doors and 254 parking spaces. The GES facility is located 12 miles from Walt Disney World Resort.

February 16, 2021

Illinois Leasing Activity Midwest Office

Franklin Partners Executes Leases Totaling 164,388 SF at The Shuman Office Property in Naperville

by Kristin Harlow February 16, 2021

NAPERVILLE, ILL. — Franklin Partners has executed leases totaling roughly 164,388 square feet at The Shuman, a five-story office building in Naperville. Franklin completed an extensive renovation of the property in September 2019. To date, lease signings include Brown & Brown Insurance, Derick Dermatology, Philadelphia Insurance, 3WON, Securitas Electronic Security Inc., SkyBridge, Stifel, Nicolaus & Co. Inc. and CIMC Capital, as well as two undisclosed tenants. There are 150,000 square feet remaining available for lease.

February 16, 2021

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