BRIDGEWATER, N.J. — NAI DiLeo-Bram has negotiated a 5,600-square-foot office lease at Bridgewater Plaza, a two-building office complex in the Northern New Jersey city of Bridgewater. Marc Shein of NAI DiLeo-Bram represented the tenant, the Center for Psychological Treatment & Assessment, which provides services for adults with autism, in the lease negotiations. Shein also represented the landlord.
Leasing Activity
MIAMI — Target has signed a 77,000-square-foot lease as part of Terra’s CentroCity mixed-use redevelopment located at 3825 NW 7th St. in Miami. Construction is expected to start this summer. Arquitectonica and RSP Architects are designing CentroCity. As part of the CentroCity project, Terra is redeveloping what was previously known as Central Shopping Plaza into a 38-acre mixed-use project. The plans for CentroCity includes up to 1,200 residential apartments, green space for residents, an office building and a shopping center with 300,000 square feet of retail and restaurant space. CentroCity will be located 2.9 miles from Miami International Airport. CentroCity will feature three eight-story multifamily buildings with 460 rental apartments. Future phases with additional multifamily units and a 250,000-square-foot Class A commercial office building are also planned. The project’s plan includes seven new multifamily buildings lining the property behind the Target-anchored shopping center. The residential buildings will feature a series of courtyards, pool decks and landscaped sidewalks. Units will range from one- to three-bedroom apartments measuring between 500 and 1,250 square feet. Community amenities will include multiple pools, poolside cabanas, barbecue grill areas, a children’s playground, a dog park, resident lounges and game rooms.
ST. CHARLES, MO. — Loaded Elevated Nachos is now open at The Streets of St. Charles in suburban St. Louis. The nacho concept occupies 1,400 square feet at 1450 Beale St., which is also home to Narwhal’s Crafted, Yoga Six and Napoli III. The menu boasts 10 different nacho dishes. Loaded is a new concept from the owners of Narwhal’s Crafted, a frozen drink bar. The Streets of St. Charles is a 27-acre development with retail, dining, entertainment, hospitality, multifamily and office components. Cullinan Properties Ltd. is the owner and manager.
LAREDO, TEXAS — Logistics and foreign trade services firm Cargoquin Inc. has signed a 118,842-square-foot industrial sublease at 810 Nafta Blvd. in the South Texas city of Laredo. Matthew Boltz, Trace Elrod, Garrett Gibbons Jr., Chris Mason, John Beach, Reggie Beavan III, Andy Iversen, Jack Brewer and Chris Mathis of Newmark represented the sublandlord, SL Source Logistics Laredo LLC, in the lease negotiations. Forum CRE represented the subtenant.
MISSOURI CITY, TEXAS — NAI Partners has negotiated a 15,000-square-foot industrial lease at 1519 Industrial Drive in Missouri City, a southwestern suburb of Houston. According to LoopNet Inc., the property was built in 2019. Jake Wilkinson and Darren O’Conor of NAI Partners represented the undisclosed landlord in the transaction. The representative of the tenant, logistics firm CW Global, was also not disclosed.
PISCATAWAY, N.J. — Bob’s Discount Furniture has signed a 622,230-square-foot industrial lease at 150 Old New Brunswick Road in Piscataway, located in Northern New Jersey. The facility is currently under construction and is expected to be complete this summer. Building features will include 40-foot clear heights, 125 dock doors, 302 automobile parking spaces and 127 trailer parking spaces. Scott Belfer of CBRE represented the tenant in the lease negotiations. Chuck Fern, Thomas Tucci, Frank Truesdell, Jason Barton and Stephen Shoemaker of Cushman & Wakefield, along with internal agents Cait English and Ben Rosen, represented the landlord, Duke Realty.
BRASELTON, GA. — Lee & Associates’ Atlanta office has arranged a 589,680-square-foot industrial lease at Park 85 Business Park in Braselton. Billy Snowden, Rick Tumlin and Mike Sutter of Lee & Associates represented the tenant, California-based Comptree Inc., in the lease transaction. Bob Currie, Brad Pope and Reed Davis of JLL represented the landlord, Los Angeles-based CBRE Global Investors. The newly built facility is located at 1380 Jesse Cronic Road in Atlanta’s I-85 Northeast submarket. This is the third Atlanta facility for Comptree, which specializes in the acquisition and distribution of furniture, outdoor accessories and printer media. The company supports e-commerce via websites Meritline and ABCink.
SOUTHLAKE, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 19,451-square-foot industrial lease at Southlake Business Park, located on the outskirts of Fort Worth. Matt Carthey, George Jennings and Hogan Harrison of Holt Lunsford represented the landlord in the lease negotiations. Joe Santaularia of Bradford Commercial represented the tenant, American Bear Logistics.
SHERRILL, N.Y. — Briggs & Stratton, a Wisconsin-based manufacturer of gasoline engines, has signed a 566,706-square-foot industrial lease at Silver City Industrial Campus in Sherrill, an eastern suburb of Syracuse. Silver City Industrial Campus spans 90 acres and 864,668 square feet and includes 200,000 square feet of land for future expansion. A partnership between Florida-based firm Index Investment Group and OX Group owns the property.
ST. LOUIS — St. Louis-based general contractor McCarthy has relocated its headquarters to a new space that is nearly 30,000 square feet larger than its previous office. McCarthy Holdings Inc. will occupy the building’s third floor and staff members of the central region of McCarthy Building Cos. Inc. will occupy the second floor. The building is located at 12851 Manchester Road. McCarthy collaborated with building owner Franklin Partners to complete extensive interior and exterior renovations prior to its move-in. The buildout features a central staircase connecting the two floors as well as conference and training facilities, flex space, a fitness center and micro café. A construction technology suite features smart screens and three-dimensional virtual reality technology. In response to COVID-19, the building’s existing HVAC system was upgraded to an air treatment system designed to neutralize pathogens. Workspaces have been arranged to incorporate social distancing. Divider screens separate individuals and panel heights between workstations were increased by 16 inches. Christner Architects served as project architect. The building was originally constructed in 1996 for AT&T.