Leasing Activity

American Canning Signs 154,786 SF Industrial Lease Expansion at Park 183 in Austin

by Taylor Williams February 10, 2022

AUSTIN, TEXAS — American Canning, which provides packaging services for the beverage industry, has signed a 154,786-square-foot, full-building industrial lease expansion at Park 183 in southeast Austin. American Canning plans to take occupancy of its larger space at Building 5 this spring when it relocates from its 45,309-square-foot space in Building 2. A partnership between Dallas-based Trammell Crow Co. and New York-based Clarion Partners is developing the 950,000-square-foot park in phases. John Barksdale and Joe Novek of CBRE represented the landlord in the lease negotiations. CBRE’s Darryl Dadon represented the tenant.

February 10, 2022

Industrial Leasing Activity New Jersey Northeast

Logistics Firm Signs 164,500 SF Industrial Lease in Saddle Brook, New Jersey

by Taylor Williams February 10, 2022

SADDLE BROOK, N.J. — ReadySpaces, a provider of warehousing and logistics services for small businesses, has signed a 164,500-square-foot industrial lease at 575 N. Midland Ave. in Saddle Brook, located outside of New York City in Bergen County. According to LoopNet Inc., the property sits on 7.3 acres and features clear heights of 14 to 28 feet. A supplier of corrugated boxes most recently occupied the facility. Mike Davis and Noah Balanoff of Colliers represented ReadySpaces in the lease negotiations.

February 10, 2022

Leasing Activity Retail Texas

AutoZone to Open 33,000 SF ‘Mega Hub Store’ at Southbridge Plaza in South Austin

by Taylor Williams February 9, 2022

AUSTIN, TEXAS — AutoZone has signed a lease to open a 33,000-square-foot “mega hub store” at Southbridge Plaza in South Austin. The automotive retailer will operate its store, which will feature an expanded selection of parts and accessories, out of a 46,000-square-foot space that formerly housed an H-E-B grocery store. The remaining 13,000 square feet is leased to Hispanic grocer Casa Grande Supermercado. Cam Longmire and Gabe Sanchez of Weitzman represented the undisclosed landlord in the lease negotiations. Austin-based broker Edwin Williams represented AutoZone. Other tenants at Southbridge Plaza include Dollar Tree, Sherwin-Williams, Taco Bell, McDonald’s and Wingstop.

February 9, 2022

Development Leasing Activity North Carolina Office Southeast

CBRE to Occupy 24,535 SF Office at Vantage South End in Charlotte

by Julia Sanders February 8, 2022

CHARLOTTE, N.C. — Dallas-based CBRE has signed a lease to relocate its office to Vantage South End, a 635,000-square-foot mixed-use campus in Charlotte. The firm will relocate approximately 100 employees to a 24,535-square-foot space on the second floor of the Vantage South End’s east tower, which is located at 1120 South Tryon St. The company will change offices in the fourth quarter. The West Tower of the property was completed in 2021 and the new East Tower will be completed in the third quarter of 2022. The new office is part of CBRE’s Workplace360 initiative, which is the Dallas-based company’s approach to workplace strategy. The strategy is designed to promote employee flexibility, mobility and productivity. Workplace360 offices feature several workplace settings, including both collaborative and private spaces that employees can self-select to accommodate their hour-by-hour needs. Vantage South End includes two 11-story office towers connected by more than an acre of outdoor greenspace. The property’s amenities include outdoor terraces and seating, a wellness and fitness center, tenant event and training center, 55,000 square feet of restaurants and amenity spaces and a planned boutique hotel. The property’s West Tower is occupied by tenants including Lending Tree and Grant Thornton. Vantage South …

February 8, 2022

Illinois Industrial Leasing Activity Midwest

Meal Delivery Service Factor Opens 100,000 SF Fulfillment Center in Lake Zurich, Illinois

by Kristin Harlow February 7, 2022

LAKE ZURICH, ILL. — Factor, a ready-to-eat meal delivery service, has opened a new fulfillment and distribution center in Lake Zurich, a northwest suburb of Chicago. The nearly 100,000-square-foot facility is located at 1325 Ensell Road. Factor already occupies production facilities in Aurora and Burr Ridge, as well as a distribution center in Lyons and corporate offices in Batavia. Factor was founded in 2013 and acquired by HelloFresh in 2020. Dan McGillicuddy, Charlie Kenning and Charlie Mintz of JLL represented HelloFresh in the Lake Zurich deal.

February 7, 2022

Illinois Leasing Activity Midwest Office

Thales Signs 24,673 SF Office Lease in Aurora, Illinois

by Kristin Harlow February 7, 2022

AURORA, ILL. — Thales Defense & Security Inc. has signed a 24,673-square-foot office lease at 750 Commons Drive in Aurora, located about 40 miles west of Chicago. Thales will move from 1444 N. Farnsworth Ave. in Aurora once tenant improvements are completed and the new lease commences in mid-2022. The 205,000-square-foot, two-building property, which supports both office and industrial users, is now fully leased. Stanton Road Capital purchased the asset in 2018 and added amenities such as a fitness center, tenant lounge, conference center and training center. Francis Prock and Dave Florent of Colliers are the leasing agents for the property. Kellen Monti and Chris Bynum of JLL represented Thales.

February 7, 2022

Development Illinois Leasing Activity Midwest Office

SPINS Preleases 47,883 SF at New Office Development in Chicago’s River North

by Kristin Harlow February 4, 2022

CHICAGO — SPINS, a data provider and advocate for the health and wellness industry, has preleased 47,883 square feet of space at 311 W. Huron, a new office development in Chicago’s River North. The developer, North Wells Capital, plans to break ground in April. SPINS will serve as the anchor tenant of the 15-story building upon completion in late 2023. The 153,611-square-foot building will be part of Verso, a three-phase development. Jeffrey Skender, Ari Klein, Scott Shelbourne and Marcus Berglund of Cushman & Wakefield represented SPINS. Melissa Rubenstein, Annie Nicolau and Anna Panici of JLL represented ownership. SPINS currently occupies space at 222 W. Hubbard, which is also owned by North Wells Capital.

February 4, 2022

Industrial Leasing Activity Michigan Midwest

Trigo Quality Solutions Signs 102,377 SF Industrial Lease in Auburn Hills, Michigan

by Kristin Harlow February 4, 2022

AUBURN HILLS, MICH. — Trigo Quality Solutions has signed a 102,377-square-foot industrial lease at 2430 E. Walton Blvd. in Auburn Hills. The company provides quality management and consulting solutions mainly for the automotive, aerospace and heavy transportation industries. Geoff Hill and Chris Hill of Newmark represented the new owner, Frain Cooper Holdings LLC, which purchased the 125,063-square-foot building via a partial sale-leaseback with Norma Group. The Newmark team secured a deal with Trigo to bring the building to full occupancy upon closing. Anthony Rubino of Pilot Property Group represented Trigo. Norma Group will remain in the building, leasing 22,686 square feet.

February 4, 2022

Leasing Activity Office Texas

Coterra Energy Signs 122,000 SF Office Headquarters Lease in Houston

by Taylor Williams February 4, 2022

HOUSTON — Coterra Energy Inc., a product of an October 2021 merger between Houston-based Cabot Oil & Gas and Denver-based Cimarex Energy, has signed a 122,000-square-foot office headquarters lease in Houston. The tenant will relocate to Memorial City Plazas, a 1 million-square-foot office campus in Houston. Owned by MetroNational, the three-building development is currently undergoing a $20 million renovation project that is slated for a fourth-quarter completion. Brad MacDougall and Warren Alexander represented MetroNational in the lease negotiations on an internal basis. Jim Bailey of Cushman & Wakefield and Lucian Bukowski of CBRE represented the tenant.

February 4, 2022

Development Illinois Industrial Leasing Activity Midwest

Eaton Preleases 370,973 SF Industrial Development in Woodridge, Illinois

by Kristin Harlow February 2, 2022

WOODRIDGE, ILL. — Eaton, a provider of power management technologies and services, has preleased a 370,973-square-foot industrial development in Woodridge, a southwest suburb of Chicago. The developer, Duke Realty Corp., began construction of the speculative project in August. Completion is slated for this July. The 21-acre site at 10000 Woodward Ave. was previously home to a vacant movie theater. The project will feature a clear height of 36 feet, 37 dock doors, four drive-in doors, 44 trailer spaces and 343 parking spaces. Jason Lev of CBRE represented Eaton, while Jason West and Sean Henrick of Cushman & Wakefield represented Duke.

February 2, 2022

Newer Posts

Older Posts