Leasing Activity

The Atlantic to Move Office Headquarters to The Wharf in D.C.

by Alex Tostado December 22, 2020

WASHINGTON, D.C. — Media company The Atlantic will move its headquarters to the top two floors of an office building located at 610 Water St. within Phase II of The Wharf in Washington, D.C. Hoffman Madison Waterfront,a joint venture between Hoffman & Associates and Madison Marquette, is developing the 90,000-square-foot office building, which is situated three miles south of downtown D.C. and along the Washington Channel waterway. The Atlantic’s current headquarters are located at 600 New Hampshire Ave. in D.C. Morris Adjmi Architects is designing the five-story office building, which will feature 11-foot ceilings, 360-degree views and a 10,000-square-foot outdoor terrace. Phase II of The Wharf, which will also include retail, hospitality and residential space, is expected to deliver in 2022. Phase II will also include two more office buildings known as 670 and 680 Maine Avenue, which will be anchored by law firm Williams & Connolly LLP.

December 22, 2020

Leasing Activity Office Texas

JLL Signs 81,999 SF Office Lease in Houston, Consolidates Footprint

by Taylor Williams December 22, 2020

HOUSTON — JLL has signed an 81,999-square-foot office lease at 200 Park Place, a 210,000-square-foot building in Houston’s Galleria neighborhood, in a deal that consolidates the commercial real estate giant’s Houston offices into a single location. JLL will occupy three floors at the 15-story building, which is owned by Stonelake Capital Partners and was completed in 2020. Ronnie Deyo and Beau Bellow represented JLL internally in the lease negotiations. William Peeples represented Stonelake Capital, also on an internal basis.

December 22, 2020

Illinois Leasing Activity Midwest Office Retail

Fitness Startup BOLD to Open in Chicago’s Fulton Market

by Kristin Harlow December 22, 2020

CHICAGO — Real estate development firm Sterling Bay has licensed space to local fitness startup BOLD, which will open modular fitness pods at 1000 W. Carroll Ave. in Chicago’s Fulton Market. BOLD will enable Chicago residents to reserve private pods outfitted with fitness equipment that are cleaned to commercial-grade standards between each use. Pods can be reserved in 60-minute increments. Each one features kettlebell sets, medicine balls, bikes, rowing machines and high-definition screens for streaming guided workouts. The 320-square-foot pods are made from shipping containers. “In looking at how the pandemic so quickly impacted the ability of traditional fitness studios to operate at full capacity, it became clear that BOLD’s model for small, private training facilities could help to fill a need for Chicago gym-goers,” says Andy Gloor, CEO of Sterling Bay. Former Wall Street hedge fund investor and investment banker Jake Goldstein founded BOLD on the heels of COVID-19 as a way of offering a safe gym option that bridges the gap between physical gym space and digital fitness. BOLD uses filtration units from AEX Technology Solutions to disinfect its pods. Each pod features its own isolated HVAC air filtration system to prevent recycled air. Users are required to …

December 22, 2020

Industrial Leasing Activity Texas

Duke Realty Secures 178,984 SF Industrial Lease Expansion, Extension in Coppell, Texas

by Taylor Williams December 21, 2020

COPPELL, TEXAS — Indianapolis-based Duke Realty has secured an industrial lease expansion and extension totaling 178,984 square feet at its Freeport II facility in Coppell, located near DFW International Airport. The lease agreement with Premier LogiTech LLC, which provides logistics solutions for the technology sector, includes an expansion of 110,157 square feet of space plus an extension of the current lease for 68,827 square feet in the same building. Bill de la Chapelle with Rubicon Representation LLC represented Premier LogiTech in the transaction. Matt Hyman handled the negotiations for Duke Realty on an internal basis.

December 21, 2020

Illinois Industrial Leasing Activity Midwest

Entre Commercial Realty Negotiates 137,522 SF Industrial Lease in Elgin, Illinois

by Kristin Harlow December 21, 2020

ELGIN, ILL. — Entre Commercial Realty has negotiated a 137,522-square-foot industrial lease on behalf of an undisclosed plastics company at Northwest Pointe III in Elgin. The newly constructed building is situated within Northwest Corporate Park and features a customized office buildout. Dan Benassi of Entre represented the tenant. Ken Franzese and John Cassidy of Lee & Associates represented ownership, Conor Commercial Real Estate and Globe Corp. McShane Construction Co. built the building.

December 21, 2020

Illinois Leasing Activity Midwest Office

IDEX Corp. Opens New 39,252 SF Headquarters in Northbrook, Illinois

by Kristin Harlow December 21, 2020

NORTHBROOK, ILL. — IDEX Corp. has opened its new global headquarters in Northbrook. Architecture and engineering firm HED designed the 39,252-square-foot office. The space is situated on the third floor of an existing office building and is roughly the same size as IDEX’s former office in Lake Forest. The new headquarters features a touchless reception area, enabling visitors to check themselves in and notify employees of their arrival electronically. There are a number of tech-enabled conference rooms and a central café. IDEX develops, designs and manufactures specialty engineered products such as air bag clamps or rescue tools.

December 21, 2020

Leasing Activity Retail Texas

Wellness Concept to Open Three Stores Totaling 7,959 SF in Dallas

by Taylor Williams December 21, 2020

DALLAS — Restore Hyper Wellness + Cryotherapy, an Austin-based concept, will open three stores totaling 7,959 square feet in the Dallas area. Restore addresses segments of wellness that people in need of chronic pain management, accelerated injury recovery or improved athletic performance. The stores will be located in the Southlake, Preston Forest and Lovers Lane neighborhoods and are expected to open in the first quarter of 2021. Restore operates about 70 stores throughout the country.

December 21, 2020

Leasing Activity Maryland Mixed-Use Restaurant Retail Southeast

KLNB Arranges Four Retail Leases at The Can Company Building in Baltimore

by John Nelson December 21, 2020

BALTIMORE — KLNB has brokered four retail leases totaling 9,000 square feet within The Can Company building in Baltimore’s Canton neighborhood. Ryan Wilner led the KLNB team that represented the landlord, a joint venture between MCB Real Estate, Angelo Gordon and JMC Holdings LLC, in all four transactions. The new tenants include HalfSmoke, Kisner’s Salon & Barber, uBreakiFix and AllCare Family Medicine and Urgent Care. HalfSmoke is a Washington, D.C.-based restaurant that will occupy 4,000 square feet at The Can Company building. This will be the restaurant’s first location in Baltimore and third overall. Kisner’s will occupy 1,300 square feet, marking the second location for the 14-year-old company. This will also be the first location in Baltimore City for uBreakiFix, an electronics repair store. The chain, specializing in iPhone, Samsung, PC, Mac and other phones and tablets, has 10 stores in Maryland. Lastly, AllCare will occupy 2,275 square feet. This will be the medical office’s first site in Baltimore and sixth in Maryland. The Can Company is a 205,865-square-foot mixed-use building situated at 2400 Boston St., two miles southeast of downtown Baltimore. MCB Real Estate completed renovations at the property in 2018. The asset, which was originally built in 1895, …

December 21, 2020

Industrial Leasing Activity Texas

Stream Realty Partners Negotiates 203,040 SF Industrial Lease in Metro Dallas

by Taylor Williams December 18, 2020

MESQUITE, TEXAS — Stream Realty Partners has negotiated a 203,040-square-foot industrial lease at Building 1 at Urban District 30, a roughly 1 million-square-foot industrial development located in the eastern Dallas suburb of Mesquite. Matt Dornak and Drew Feagin of Stream Realty Partners represented the landlord, Urban Logistics Realty, in the lease negotiations. Blake Kendrick and Seth Koschak, also with Stream Realty Partners, represented the tenant, online retailer 1000bulbs.com.

December 18, 2020

Industrial Leasing Activity Texas

PSS Industrial Group Signs 200,824 SF Headquarters Lease in North Houston

by Taylor Williams December 18, 2020

HOUSTON — PSS Industrial Group, a locally based supplier of equipment for the energy sector, has signed a 200,824-square-foot lease at Ella Logistics Center in north Houston for its new headquarters and distribution space. Jeff Venghaus and Richard Quarles of JLL negotiated the lease on behalf of PSS Industrial Group. Laura Denkler and Palmer Letzerich represented the landlord, Hines, on an internal basis.

December 18, 2020

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