READING, PA. — North Carolina-based South Atlantic Packaging Corp. has signed a 133,055-square-foot industrial lease at 1091 Arnold Road in the Eastern Pennsylvania city of Reading. CBRE represented the landlord, an affiliate of Link Logistics Real Estate, in the lease negotiations. Del Markward of Markward Group represented the tenant.
SOUTHLAKE, TEXAS — Lee & Associates has negotiated a 39,812-square-foot industrial lease at 415 Bank St. in the Fort Worth suburb of Southlake. The space is located within Southlake Business Park, a three-building, 182,129-square-foot complex. Mark Graybill of Lee & Associates represented the tenant, logistics firm Technical Transportation, in the lease negotiations. Holt Lunsford Commercial represented the landlord, Southlake Industrial.
NORWALK, CONN. — Car dealer Garavel Automotive will open a 34,502-square-foot Subaru dealership at the site of the former Best Friends Pet Hotel in Norwalk, located in the southern coastal part of the state. The dealer acquired the 2.3-acre site at 520 Main Ave. for $3.9 million. Jeffrey Gage and Robert Crane of CBRE represented the seller, Morganth Properties LLC, in the land deal. Dan DiBuono of Tower Realty Corp. represented Garavel Automotive.
THE WOODLANDS, TEXAS — CBRE has negotiated a 120,454-square-foot office lease expansion at Sierra Pines II in The Woodlands, about 30 miles north of Houston. The tenant, Linde Engineering, now requires more space following its merger with Connecticut-based Praxair. The newly formed company is now the world’s largest industrial gas supplier. Kevin Saxe and Jon Lee of CBRE represented Linde in the lease negotiations. Brad Fricks of Stream Realty Partners represented the landlord, VEREIT.
SUGAR LAND, TEXAS — A Crunch Fitness franchisee will open a 30,240-square-foot gym at a former Michaels store at First Colony Commons, a 410,000-square-foot retail power center in the southwestern Houston suburb of Sugar Land. The opening is set for Oct. 1. Neal Thomson of Houston-based NewQuest Properties represented the tenant in the lease negotiations. Kristen Barker of Wulfe & Co. Inc. represented the Dallas-based landlord, an entity doing business as TPP 306 First Colony LLC. New York-based Crunch Fitness currently operates 360 gyms across 30 states and five countries.
MOUNT AIRY, N.C. — WRS Inc. Real Estate Investments has leased 20,243 square feet of retail space at The Mayberry Mall in Mount Airy to Bin City Bargains. The retailer is a family-owned liquidation company featuring products from major online retailers, as well as big box department stores. Bin City Bargains sell new overstock items as well as box-damaged and returned goods at a flat price per day. The new store will offer two restocks per week and the prices decrease daily. Originally opened in 1968, The Mayberry Mall is located at 388 Frederick St. and is currently leased to tenants such as Hobby Lobby, Belk, Hallmark, Shoe Dept., Enmar Accessories, L.A. Nails and Good Fudge. The mall is named after the fictional town of Mayberry from “The Andy Griffith Show.” The namesake of the show, late comedian Andy Griffith who also starred in the series “Matlock,” was born and raised in Mount Airy.
TROY, MICH. — Turbo Mortgage Funding 2 LLC has signed a 2,800-square-foot office lease at North Troy Corporate Park in Troy. Jordan Friedman of Friedman Real Estate represented the tenant in the lease transaction. Robert Gagniuk and Marc Hames of Friedman represented the undisclosed landlord. Turbo Mortgage Funding is a Farmington Hills, Mich.-based mortgage broker.
PHILADELPHIA — CBRE has negotiated a 44,000-square-foot life sciences headquarters lease for biotechnology firm Biomeme at 401 N. Broad St. in Philadelphia. The new headquarters includes space for lab, office and manufacturing uses. Christian Dyer of CBRE represented the landlord, Netrality Data Centers, in the lease negotiations. The representative of the tenant was not disclosed. Since acquiring the 11-story building in 2014, Netrality Data Centers has invested for more than $50 million in capital improvements.
CHARLESTON, S.C. — Target has signed a 30,000-square-foot retail lease at Majestic Square, a mixed-use and office building located at 211 King St. in downtown Charleston’s historic district. The Beach Co., a locally based real estate developer and owner, is the landlord of Majestic Square. Majestic Square is located on the corner of King and Market streets in the heart of Charleston’s walkable neighborhood. Dotan Zuckerman of Zuckerman Co., along with Beach Commercial, represented the landlord, Majestic Square LLC, an affiliate of The Beach Co. Rich Barta of CORE Properties represented Target Corp. An opening date will be announced closer to the store’s opening.
FORT WORTH, TEXAS — Moving and delivery service provider Gozova has signed a 67,883-square-foot industrial lease at 6633 Oak Grove Road in Fort Worth. According to LoopNet Inc., the property was built in 2017 and totals 270,282 square feet. Tanja McAleavey of Younger Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.