Leasing Activity

Three Retailers Sign Leases at $4B Miami Worldcenter Development in Downtown Miami

by Julia Sanders October 5, 2021

MIAMI — Three retailers have signed leases to join the tenant lineup at Miami Worldcenter, a $4 billion, 27-acre mixed-use development underway in downtown Miami. The three retailers are Sephora, a beauty and make-up retailer; Lucid Motors, an electric car company; and Bowlero, an entertainment retailer that offers bowling, interactive arcades and dining. The retailers, which are taking a combined 60,000 square feet, will open at Miami Worldcenter in 2022. CIM Group and Miami-based The Comras Co. are leading retail leasing on behalf of Miami Worldcenter Associates, the master developer of Miami Worldcenter. Sephora will occupy more than 6,000 square feet at the World Square Plaza, a 20,000-square-foot public plaza and park that will run along Miami Worldcenter’s 7th Street Promenade. Lucid Motors plans on taking about 23,000 square feet and developing a multi-use facility. The retailer will have a Lucid Studio, which will allow customers to experience the brand and its lineup of luxury electric vehicles. The location will also serve as a service facility and a delivery center. The facility will be located along 1st Avenue and 10th Street. Bowlero will occupy more than 31,000 square feet within Miami Worldcenter’s 78,000-square-foot “Jewel Box” retail building. The venue will …

October 5, 2021

Leasing Activity New York Northeast Office

Newrez Signs 25,000 SF Office Lease at 799 Broadway in Manhattan

by Taylor Williams October 5, 2021

NEW YORK CITY — Newrez LLC, a tech-centric mortgage lending platform, has signed a 25,000-square-foot office lease at 799 Broadway, a 182,000-square-foot building in development at the convergence of Manhattan’s Greenwich Village and Union Square neighborhoods. Josh Kuriloff and Drew Braver of Cushman & Wakefield represented the tenant in the lease negotiations. JLL represented the developer, Columbia Property Trust.

October 5, 2021

Development Leasing Activity Mixed-Use Nevada Office Top Stories Western

DraftKings to Anchor $400M UnCommons Mixed-Use Project in Las Vegas

by John Nelson October 5, 2021

LAS VEGAS — DraftKings Inc., a fantasy and digital sports betting company based in Boston, plans to open its second largest office hub within UnCommons, a $400 million mixed-use development underway in southwest Las Vegas. DraftKings will occupy 90,000 square feet and ultimately house more than 1,000 employees at the new offices. Matter Real Estate Group, a San Diego-based developer, broke ground on the 40-acre project last summer and plans to deliver the first phase of the campus in early 2022. “Our goal is to create another world-class workplace environment that will foster DraftKings’ innovation, further bolster our local presence and deepen community involvement,” says Matt Kalish, co-founder and president of the North America division of DraftKings (NASDAQ: DKNG). “With these lofty aspirations, we were thrilled to discover that UnCommons mirrors these high standards.” Designed by IA Interior Architects, DraftKings’ new space will mirror its Boston headquarters with 130 sports trading desks surrounded by multimedia walls. The property will also include collaborative work spaces, a cafeteria, putting green, custom casino training pit, private and public outdoor spaces, mothers’ rooms, prayer suites and salons for haircuts and manicures/pedicures. UnCommons will comprise more than 500,000 square feet of modern office space; more …

October 5, 2021

Illinois Leasing Activity Midwest Retail

Ashley HomeStore Signs 48,397 SF Lease for New Store at Algonquin Commons in Suburban Chicago

by Kristin Harlow October 4, 2021

ALGONQUIN, ILL. — Ashley HomeStore has signed a 48,397-square-foot retail lease at 1500 S. Randall Road within Algonquin Commons, a 600,000-square-foot lifestyle center in the northwest Chicago suburb of Algonquin. The retailer is relocating from nearby 2451 S. Randall Road where it operated for 12 years. Brad Murchison, Chris Irwin and Brad Belden of Colliers International represented the tenant in the lease transaction. Marget Graham of Mid-America Real Estate Group represented the landlord, Red Mountain Retail Group Inc. Based in Wisconsin, Ashley is a furniture manufacturer that operates more than 900 locations nationwide.

October 4, 2021

Industrial Leasing Activity Texas

Newmark Secures 89,060 SF Industrial Lease Extension in Houston

by Taylor Williams October 4, 2021

DESOTO, TEXAS — Newmark has secured an 89,060-square-foot industrial lease extension at 10634 Tanner Road in Houston. According to LoopNet Inc., the property was built in 2015 and spans 214,811 square feet. Rob Stillwell, Si Pitstick and Josh Young of Newmark represented the tenant, Ohio-based wholesaler TSC Apparel LLC, in the lease negotiations. JLL represented the landlord, an entity doing business as WPT Apex DCLP.

October 4, 2021

Leasing Activity Michigan Midwest Office

Revitalist Signs 3,765 SF Office Lease in Novi, Michigan

by Kristin Harlow October 1, 2021

NOVI, MICH. — Revitalist LLC has signed a 3,765-square-foot office lease at Americore Office Center in Novi. The company specializes in treatments for pain management and mental health. Andrew Bower and Steve Eisenshtadt of Friedman Real Estate represented the tenant in the lease transaction. The landlord was not disclosed. Constructed in 1987, Americore Office Center rises three stories and spans 25,500 square feet.

October 1, 2021

Industrial Leasing Activity Texas

Louis Vuitton North America Signs 211,100 SF Industrial Lease Near Fort Worth

by Taylor Williams October 1, 2021

COPPELL, TEXAS — Louis Vuitton North America Inc. has signed a 211,100-square-foot industrial lease at 220 Freeport in the Fort Worth suburb of Coppell. Blake Anderson, Tom Carragher, Adam Petrillo, Al Petrillo, Craig Engelhardt, Jeff Cannon, Chris Koeck and Steve Korfiatis of Newmark represented the tenant in the lease negotiations. Transwestern represented the landlord, Prologis.

October 1, 2021

Georgia Leasing Activity Office Southeast

Visa Leases 123,000 SF of Office Space in Midtown Atlanta

by Julia Sanders September 30, 2021

ATLANTA — Cousins Properties has signed Visa to a long-term, 123,000-square-foot lease at 1200 Peachtree St. in Midtown Atlanta. Visa, a multinational financial company based in Foster City, Calif., is expected to create about 1,000 new jobs in the region over the next several years as the company establishes a permanent office in Atlanta. Visa is slated to occupy the property by the fourth quarter of 2022. Atlanta-based real estate investment trust Cousins Properties acquired 1200 Peachtree in 2019 from Norfolk Southern Corp. When Norfolk Southern moves out of 1200 Peachtree and into its new building at the end of this year, Cousins Properties will redevelop the property for multi-tenant use. The redevelopment project will include renovations of the ground floor to create both indoor and outdoor amenities.

September 30, 2021

Industrial Leasing Activity Texas

HGR Industrial Surplus Signs 184,723 SF Lease at Junction 20/35 in Fort Worth

by Taylor Williams September 30, 2021

FORT WORTH, TEXAS — HGR Industrial Surplus has signed a 184,723-square-foot lease at Junction 20/35, a 1.1 million-square-foot industrial development in Fort Worth. Built in 1989 and renovated in 2021, the property is located at the nexus of Interstates 20 and 35. The owner, Los Angeles-based CIM Group, purchased the asset in 2020. Following this deal, Junction 20/35 is now fully leased.

September 30, 2021

Leasing Activity Northeast Office Pennsylvania

Compass Inc. Signs 17,239 SF Office Lease at 1430 Walnut St. in Philadelphia

by Taylor Williams September 30, 2021

PHILADELPHIA — Real estate technology firm Compass Inc. has signed a 17,239-square-foot office lease at 1430 Walnut St. in Philadelphia. Built in 2015, the property also houses tenants such as The Cheesecake Factory and Verizon Innovation Center. Craig Scheuerle and Matthew Guerrieri of Newmark represented the landlord and developer, Midwood Investment & Development, in the lease negotiations. Joshua Meltzer and Jay Joyce of Savills Inc. represented the tenant.

September 30, 2021

Newer Posts

Older Posts