FLOWER MOUND, TEXAS — Custom Ink, a provider of printing services for the apparel industry, has signed a 90,200-square-foot industrial lease renewal at Lakeside Commerce Center in the Fort Worth suburb of Flower Mound. Blake Kendrick and Mac Hall of Stream Realty Partners represented the landlord, Stockbridge, in the lease negotiations. Chris Stout of JLL represented the tenant.
Leasing Activity
SOMERSET, N.J. — NAI DiLeo-Bram has negotiated a 308,000-square-foot industrial lease at 481 Weston Canal Road in the Northern New Jersey city of Somerset. Bridge Development Partners recently completed the property, which is located within the three-building Bridge Point Somerset development. Building features include 36-foot clear heights, 78 trailer stalls, 50 loading docks and proximity to Interstate 287 and the New Jersey Turnpike. Eric Bram Johnston and Christopher Galiano of NAI DiLeo-Bram represented the tenant, an undisclosed furniture manufacturer that is relocating from Edison, in the lease negotiations. JLL represented Bridge Development Partners.
DANBURY AND FAIRFIELD, CONN. — Floor & Décor will open its first two stores in Connecticut during the first half of 2021 when the home improvement retailer rolls out a 74,000-square-foot store in Danbury and an 80,000-square-foot store in Fairfield. In Danbury, Floor & Décor purchased a 150,000-square-foot building that formerly housed Pilgrim Furniture and Bob’s Stores. In Fairfield, the company will backfill a space formerly occupied by Kohl’s. Grocer Aldi will share the backfilled space with Floor & Décor. Brian Katz of Katz & Associates represented the retailer in both deals.
CLEVELAND — ResellerRatings, a Cleveland-based technology company, has signed a 3,500-square-foot office lease at the historic Caxton Building in downtown Cleveland. ResellerRatings, which is a ratings website where consumers submit reviews of online retailers, is scheduled to move into its new space in November. Stephen Morris of CBRE represented the tenant in the lease transaction. Katherine and Bill Bolton own the eight-story property. The Caxton Building opened in 1903 and was named after William Caxton, the first to introduce the printing press to England. The building was designed to house graphic arts and printing businesses.
SANTA CLARA, CALIF. — Despite shelter-in-place mandates and temporary closures due to COVID-19, Westfield US has opened 42 stores and restaurants this year at Westfield Valley Fair, a 2.2 million-square-foot Bay Area shopping and lifestyle destination located at 2855 Stevens Creek Blvd. in Santa Clara. Twenty-two of the new tenants have opened since March, with 15 new retail and restaurant leases signed and foot traffic increasing more than 10 percent week-over-week since the center reopened in for retail operations in June. New tenants and milestones include: The completion of an expanded Luxury Collection that now features more than 45 retailers, including Bvlgari, Golden Goose, Gucci, Jimmy Choo, Montblanc, Tiffany & Co. and Versace. Additionally, Christian Louboutin and Panerai have signed leases to join the collection in the near future. The openings of a flagship Apple store, Lucid Studio from Lucid Motors, Peloton, AESOP, Zadig & Voltaire, Sandro, Maje and Anne Fontaine. New tenants for The Digital District including Tempo and Brik + Clik, Capital One Café, Polestar, Reiss and Dr. Martens. A revitalized Restaurant Collection with expanded outdoor dining options and new restaurants, including the first Northern California location of King’s Fish House, Shake Shack, Silicon Valley’s first Salt & …
LEBANON, TENN. — Starbucks Corp. has renewed its 680,160-square-foot industrial lease within Park 840 East 1009 in Lebanon. Starbucks will continue to fully lease the facility, which features 36-foot clear heights, dock- and drive-in doors, trailer parking and automobile parking. The building is situated at 1050 International Drive, 27 miles east of downtown Nashville. The site serves as a Southeastern distribution hub for the Seattle-based company. Lonnie Russell of Cushman & Wakefield represented the landlord, Duke Realty, in the transaction. Laura Hart of CBRE represented the tenant.
BELLAIRE, TEXAS — Local Office, a Houston-based coworking concept, has opened an 11,000-square-foot space at 4909 Bissonnet St. in the Houston suburb of Bellaire. The pet-friendly space is the third for Local Office and features kitchen facilities, conference rooms and private furnished offices. A private partnership owns the building.
SAN ANTONIO — Worth & Associates has landed the first tenant at Walker Ranch Business Park, the locally based developer’s 135,000-square-foot office and flex project on the city’s north-central side. Computer Solutions, a San Antonio-based technology and IT consulting firm, will occupy 20,540 square feet at Building II, where about 90 employees will work. The 78,000-square-foot Building II is under construction, and the tenant expects to take occupancy of its new space in April 2021. Russell Noll of Transwestern represented Computer Solutions in the lease negotiations.
DALLAS — CBRE has negotiated a 69,130-square-foot office lease renewal at Plaza of the Americas, an office complex located at 700 N. Pearl St. in downtown Dallas that consists of two 25-story buildings. Harlan Davis, Phil Puckett and Jeff Ellerman of CBRE represented the tenant, law firm Thompson Coe, in the lease negotiations. Transwestern’s Kim Brooks, Justin Miller, Paul Wittorf, Laney Underwood and Ford Childress represented the landlord, a partnership between M-M Properties and Invesco Real Estate.
BOSTON — Concepts, an apparel and footwear retailer that was founded in 1996, has opened a global flagship store on Newbury Street in Boston’s Back Bay area. Designed by Bergmeyer and built out by Shawmut Design & Construction to resemble the layout of an art gallery, the space spans three floors and 47,000 square feet. The ground floor houses Concepts’ private label apparel, accessories and footwear, as well as a headwear customization space. The mezzanine space features a dedicated area for rotating special projects and collaborations and a disc jockey booth, while the top floor features women’s-only merchandise.