Leasing Activity

Cresa Negotiates 10,566 SF Office Sublease Within Brickell City Centre in Miami

by Alex Tostado October 15, 2020

MIAMI — Cresa has negotiated a 10,566-square-foot office sublease for Pillsbury Winthrop Shaw Pittman LLP (Pillsbury) in Miami’s Brickell City Centre. Pillsbury, which focuses on the technology and media, energy, financial services, and real estate and construction sectors, has occupied the space at 600 Brickell Ave. since 2017 and will now lease the space until at least 2025. The office space, which is located on the 31st floor, features private restrooms, a conference room, break room with kitchen and a large multipurpose interior with workstations. Bob Orban of Cresa represented the subtenant in the transaction. Nick Wigoda, Clay Sidner and Brandon Shores of Newmark Knight Frank (NKF) represented the tenant, Global Specialty Metals Inc., in the transaction. Brickell City Centre features a 500,000-square-foot, open-air shopping center; a 40,000-square-foot food hall; and five million square feet of office, residential and hotel space in Miami’s Brickell district.

October 15, 2020

Leasing Activity Retail Texas

Kids Empire Opens at 1 MSF Firewheel Town Center in Metro Dallas

by Taylor Williams October 15, 2020

GARLAND, TEXAS — Kids Empire, which provides secure indoor playgrounds for children, has joined the tenant roster at the 1 million-square-foot Firewheel Town Center in the northeastern Dallas suburb of Garland. Kids Empire now occupies 11,703 square feet at the open-air mall, which is owned by Simon Property Group and anchored by Macy’s, Dillard’s, AMC Theatres, Dick’s Sporting Goods and others. Robin Barrow of Weitzman, along with Stephan Ktorza and Shelby Dopps of Kidder Matthews, represented the tenant in the lease negotiations.

October 15, 2020

Leasing Activity Michigan Midwest Restaurant Retail

Domino’s to Open Two New Locations in Michigan

by Kristin Harlow October 14, 2020

BAY CITY AND SOUTHGATE, MICH. — Domino’s plans to open two new locations in Michigan. The Ann Arbor-based pizza chain leased 2,500 square feet at the corner of Washington Avenue and 7th Street in downtown Bay City, about 15 miles north of Saginaw. In addition, Domino’s purchased a 2,000-square-foot building formerly occupied by Radio Shack in Southgate, about 15 miles southwest of Detroit. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented Domino’s in both deals. The pizza chain did not provide any details on when the restaurant openings will occur.

October 14, 2020

Leasing Activity Office Texas

Heritage Title Signs 20,459 SF Office Lease at Indeed Tower in Downtown Austin

by Taylor Williams October 14, 2020

AUSTIN, TEXAS — Heritage Title Co. of Austin Inc., which provides title insurance and settlement services, has preleased 20,459 square feet of office space at Indeed Tower, a 36-story development nearing completion at 200 W. Sixth St. in downtown Austin. The developer, a partnership between Trammell Crow and Principal Real Estate Investors, broke ground on the 673,000-square-foot tower, formerly known as Block 71, in October 2017. The partnership expects to compete construction during the first half of next year. Troy Holme, Casey Ford and Katie Ekstrom of CBRE represented ownership in the lease negotiations, while Derek Lewis and Todd Gilfillan of Lincoln Property Co. represented the tenant.

October 14, 2020

Industrial Leasing Activity Texas

APL Logistics Signs 121,400 SF Industrial Lease Near DFW Airport in Irving

by Taylor Williams October 13, 2020

IRVING, TEXAS — APL Logistics Warehouse Management Services, a third-party logistics firm based in Singapore, has signed a 121,400-square-foot industrial lease at Passport Logistics Center, located near DFW International Airport in Irving. Blake Kendrick, Sarah Ozanne and Charles Brewer of Stream Realty Partners represented the landlord, Brookfield Properties, in the lease negotiations. Mohr Partners represented the tenant.

October 13, 2020

Leasing Activity Retail Texas

Dick’s Sporting Goods to Open New Store at Copperfield Marketplace in Houston

by Taylor Williams October 13, 2020

HOUSTON — Pittsburgh-based Dick’s Sporting Goods will open a new, 45,198-square-foot store at Copperfield Marketplace, located at 16343 FM 259 Road in Houston. The grand opening will take place from Friday, Oct. 23 to Sunday, Oct. 25. Dick’s Sporting Goods will join Burlington and Med Express as the other anchors at the center, which is owned by Fidelis Realty Partners.

October 13, 2020

Leasing Activity Office Texas

NKF Negotiates 40,160 SF Office Lease in Richardson, Texas

by Taylor Williams October 13, 2020

RICHARDSON, TEXAS — Newmark Knight Frank (NKF) has negotiated a 40,160-square-foot office lease at 2930 Telecom Parkway in the northeastern Dallas suburb of Richardson. Frank Puskarich and Louis Pascuzzi of NKF represented the tenant, educational products provider Newline Interactive Inc., in the lease negotiations. Holt Lunsford Commercial represented the landlord, Jackson-Shaw/GID PARC Northeast LP.

October 13, 2020

Industrial Leasing Activity New Jersey Northeast

NKF Negotiates 65,000 SF Industrial Lease Renewal in Pine Brook, New Jersey

by Taylor Williams October 13, 2020

PINE BROOK, N.J. — Newmark Knight Frank (NKF) has negotiated a 65,000-square-foot industrial lease renewal at 19 Chapin Road in Pine Brook, about 30 miles west of New York City. The property offers 20- to 22-foot clear heights, 76 dock-high doors and ample car parking space. Kevin Murphy and Trevor Patterson of NKF represented the tenant, global manufacturer Doosan Machine Tools, in the lease negotiations. The landlord, Cohen Asset Management, was represented internally.

October 13, 2020

Leasing Activity New York Northeast Office

Hodges Ward Elliott Signs 12,692 SF Office Lease at One Vanderbilt Avenue in Manhattan

by Taylor Williams October 13, 2020

NEW YORK CITY — Real estate investment sales specialist and capital markets advisor Hodges Ward Elliott has signed a 12,692-square-foot office lease at One Vanderbilt Avenue, a 1.7 million-square-foot skyscraper in Manhattan. The company will occupy part of the 50th floor of the 1,400-foot building, which is 70 percent leased to tenants such as TD Securities, The Carlyle Group, KPS Capital Partners and Oak Hill Advisors. Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE represented the landlord, SL Green Corp., in the lease negotiations.

October 13, 2020

Illinois Leasing Activity Midwest Office

Industrious to Open 52,000 SF Flexible Office Space at Chicago’s Willis Tower

by Kristin Harlow October 13, 2020

CHICAGO — Industrious will open a 52,000-square-foot flexible office space at Willis Tower in Chicago. Scheduled to open in phases in the first quarter of 2021, the space is now available for lease. It is the latest of more than 100 locations for Industrious. EQ Office, owner of Willis Tower, says the management agreement with Industrious is an opportunity to roll out new flexible layouts and office configurations as well as updated common areas that reflect health and safety standards. The 110-story Willis Tower is currently in the midst of a $500 million renovation project. The revamped office tower will include 125,000 square feet of amenities exclusive to tenants, a 30,000-square-foot outdoor terrace and a 300,000-square-foot retail and dining destination known as Catalog.

October 13, 2020

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