NEW YORK CITY — Newmark has negotiated an 8,718-square-foot retail lease for luxury accessories provider Valentino at 135 Spring St. in the Soho area of Manhattan. The new store spans 4,424 square feet on the ground floor and 4,294 square feet on the second level. Newmark’s Ariel Schuster, Ross Berkowitz and Brandon Miller represented the landlord, Invesco Real Estate, in the lease negotiations.
TARRYTOWN, N.Y. — Ampacet Corp., a manufacturer of masterbatches, an additive used for coloring plastics, has signed a 35,000-square-foot office lease renewal in the northern New York City suburb of Tarrytown. Jamie Schwartz internally represented the landlord, GHP Office Realty LLC, an affiliate of Houlihan-Parnes Realtors LLC, in the negotiations for the seven-year renewal. The deal brings the property, which GHP acquired in 2017, to full occupancy.
CHICAGO — Frozen Assets has signed an 86,000-square-foot cold storage lease in Chicago. The property is located at 4220 S. Kildare Ave. Frozen Assets, a Chicago-based cold storage and logistics provider, is slated to occupy the space beginning in May. Steven Livaditis of CBRE represented the tenant in the lease transaction. The landlord was undisclosed. With the new lease, Frozen Assets will maintain the largest freezer footprint in Chicago, according to CBRE.
MILLBURN, N.J. — Icebox Cryotherapy, a rehabilitative physical therapy concept, has opened its flagship studio at Plaza at Short Hills in the Northern New Jersey community of East Rutherford. Dean Tselepis and Joe Brendel of Newmark represented Icebox Cryotherapy in the lease negotiations. Other tenants at the property include SoulCycle, Club Pilates, Kings Supermarket and Chase Bank. The name and representative of the landlord were not disclosed.
EAST POINT, GA. — Duke Realty’s Atlanta office has acquired a larger space at Camp Creek Business Center in East Point and signed a lease extension and expansion with Ashley Furniture Industries LLC, a current tenant at the park. Ashley Furniture will be the sole occupant of the 336,960-square-foot facility located at 4505 N. Commerce Drive. Jeff Maris of Ashley Furniture explained why the furniture company decided to move. “Four years ago, we found the space at Camp Creek Business Center and our needs were met. In 2020, as we experienced increased demand and company growth, Duke Realty was able to help us find additional space very quickly and with limited disruption,” said Maris. Duke Realty’s Camp Creek development in East Point is 98 percent leased to tenants including FedEx, Amazon, Dick’s Sporting Goods and The Home Depot. Duke Realty is an industrial-only property REIT based in Indianapolis.
NEW YORK CITY — Transit Wireless has signed a 32,499-square-foot office lease at 1400 Broadway in Manhattan. Michael Gottlieb, Susan Kahaner, Jennifer Ogden and Martin Cottingham of Avison Young represented the tenant, which is relocating to the 37-story building from 1350 Broadway, in the lease negotiations. Scott Klau, Erik Harris, and Neil Rubin of Newmark, along with internal agents Keith Cody and Shanae Ursini, represented the landlord, Empire State Realty Trust.
FORT WORTH, TEXAS — Newmark has negotiated a 257,500-square-foot industrial lease extension at 4900 Alliance Gateway in Fort Worth. Louis Pascuzzi, Jim Cooksey, Trace Elrod, Chris Mason, John Beach, Reggie Beavan III, Andy Iversen, David Creiner, Brad Mason and Jack Brewer of Newmark represented the tenant, Ed Tucker Distributor Inc., in the lease negotiations.
EDWARDS, COLO. — Avison Young Capital Markets has arranged the sale-leaseback of All Points North Lodge, a comprehensive wellness and treatment campus in Edwards, approximately 20 minutes west of Vail. WC Acquisition Holdings LLC acquired the asset from All Points North Lodge (APN Lodge) for $57 million. The seller will lease back the building as part of a long-term deal. Opened in March 2020, the 77,000-square-foot facility offers addiction and mental health treatments, trauma therapy, crisis management, coaching and personal development workshops, concierge medicine, athletic performance programs and advanced practices and activities. The patient-centered facility recently underwent a $20 million improvements program. Jonathan Hipp, Richard Murphy, Stan Wyrwicz and Rich Egitto of Avison Young Capital Markets represented the seller in the deal.
ELGIN, ILL. — Conor Commercial Real Estate has completed the lease-up of Building Two at Northwest Pointe III in Elgin. Continental Packaging leased 48,360 square feet on the west side, while an undisclosed plastics company leased 137,522 square feet on the east side. Both companies will use the property for warehouse and office space. Ken Franzese and John Cassidy of Lee & Associates represented Conor in the lease transactions. Dan Benassi of Entre Commercial Realty represented the plastics company while Jimmy Kowalczyk and David Saad of CBRE represented Continental Packaging. The 163,080-square-foot Building One is still available. Northwest Pointe III is Conor’s third development within Northwest Corporate Park.
NEW YORK CITY — Art logistics company Maquette Fine Art Services has signed an industrial lease expansion at The Matsil Building in the Long Island City area of Queens. The company has committed to an additional 56,200 square feet to bring its total footprint to 150,910 square feet. Chris Pachios and Forrest Mas of North River Co., which owns the 282,350-square-foot property in a joint venture with North Colony Asset Management, negotiated the lease. The deal brings the building, which also houses tenants such as Ralph Lauren and Motorola, to full occupancy. Maquette also recently opened a new storage and operating facility in metro Boston.