Leasing Activity

Wealth Management Firm Signs 11,318 SF Office Lease in Chicago

by Kristin Harlow February 2, 2021

CHICAGO — Brownson, Rehmus & Foxworth (BRF), a privately held wealth management company, has signed an 11,318-square-foot office lease to occupy space on the 18th floor at 227 W. Monroe St. in Chicago. Known as The Franklin, the two-building complex totals approximately 2.5 million square feet. It features a conference center, health club, underground parking and ground-level retail space. BRF will relocate from 200 S. Wacker Drive this summer. Tony Karmin and Corby Marx of Colliers International represented BRF in the lease transaction. Carey Spignese of Tishman Speyer Properties represented building ownership.

February 2, 2021

Industrial Leasing Activity New York Northeast

National Freight Inc. Signs 60,143 SF Industrial Lease in Newburgh, New York

by Taylor Williams February 2, 2021

NEWBURGH, N.Y. — Third-party logistics firm National Freight Inc. has signed a 60,143-square-foot industrial lease at Northeast Business Center, a 141-acre industrial park in Newburgh, about 70 miles north of Manhattan. Bob Scherrik of Cushman & Wakefield represented the tenant in the lease negotiations. Brian Sekel represented the landlord, National Realty & Development Corp., on an internal basis.

February 2, 2021

Development Leasing Activity Office Southeast Virginia

Hana Opens 39,000 SF Flexible Office Space in Arlington, Virginia

by John Nelson February 1, 2021

ARLINGTON, VA. — Hana, a flexible office space provider and subsidiary of CBRE Group, has opened a 39,000-square-foot location in Arlington known as Hana at National Landing. JBG Smith is the owner and developer of the larger 11-story office building, which is located at 2451 Crystal Drive. The property includes private office suites dubbed “Hana Team,” a conference and events space called “Hana Meet” and a portion of the unit dedicated to traditional coworking known as “Hana Share.” Hana at National Landing is located in the center of the National Landing submarket, home to Amazon’s second headquarters. The area has dining options, cultural attractions, fitness studios, outdoor parks and bike trails. The property is situated 1.2 miles from Ronald Reagan Washington National Airport. Hana at National Landing sits within Arlington’s Crystal City, part of Pentagon City and Potomac Yard. The property looks out over the Potomac River and Washington, D.C., skyline. A planned pedestrian bridge will connect Hana to Reagan National Airport. Some nearby bars and restaurants include Zen Bistro & Wine Bar, Legal Sea Foods and Highline RxR. Hana’s property at National Landing marks the company’s first East Coast location.

February 1, 2021

Illinois Industrial Leasing Activity Midwest

Venture One Completes Lease-Up of Crossroads 55 in Channahon, Illinois

by Kristin Harlow February 1, 2021

CHANNAHON, ILL. — Venture One Real Estate’s Crossroads 55 Business Park in Channahon is now fully leased. CJ Logistics America recently took occupancy of a 1 million-square-foot facility located at 24101 S. Frontage Road, about 13 miles southwest of Joliet. Additionally, Venture One recently began development of a 1.3 million-square-foot build-to-suit for Scotts Miracle-Gro, which will be located at 24231 S. Exchange Blvd. Clayco is building the facility, which is slated for completion in the fourth quarter. The remaining 1.1 million square feet of Crossroads 55 is leased to an undisclosed e-commerce company. Lynn Reich and Suzanne Serino of Colliers International represented CJ Logistics while David Prell and Phililp Pelok of CBRE represented Scotts Miracle-Gro. Jim Estus and Brian Kling of Colliers represented ownership.

February 1, 2021

Leasing Activity North Carolina Southeast

CBL Properties Signs Rooms To Go to 45,000 SF Lease at Fayetteville, North Carolina Mall

by John Nelson January 29, 2021

FAYETTEVILLE, N.C. — CBL Properties will add a Rooms To Go store as part of the redevelopment of the former Sears parcel at Cross Creek Mall in Fayetteville. Sears closed its doors in 2019. Rooms To Go is expected to open its 45,000-square-foot store in the fourth quarter. Future plans for the redevelopment at Cross Creek Mall include additional dining options, as well as new retail and other uses. Announcements will be made as plans are finalized. Cross Creek Mall is located at the intersection of Morganton and Skibo roads at 419 Cross Creek Mall in Fayetteville. The mall is situated 8.2 miles northwest of Fayetteville Regional Airport. Cross Creek has over 150 shops, and is anchored by Belk, JCPenney and Macy’s. CBL Properties, a Chattanooga-based REIT, is a prominent mall owner and operator. The company’s portfolio comprises 106 properties totaling 65.7 million square feet across 25 states.

January 29, 2021

Leasing Activity New York Northeast Office

Freshly Signs 92,306 SF Office Headquarters Lease at 63 Madison Avenue in Manhattan

by Taylor Williams January 29, 2021

NEW YORK CITY — Freshly, a provider of meal kit services that was recently acquired by Nestlé USA, has signed a 92,306-square-foot office lease at 63 Madison Avenue in Manhattan. The company’s new headquarters space will encompass the 12th and 13th floors at the Class A building. Eric Ferriello of Colliers International represented Freshly, which is expanding and relocating from a 20,000-square-foot space at 115 E. 23rd St., in the lease negotiations. Peter Duncan, Matt Coudert and Alex Bermingham represented the landlord, George Comfort & Sons Inc., on an internal basis. The building was recently renovated, and a 60,000-square-foot Whole Foods Market is planned to open on the ground floor.

January 29, 2021

Healthcare Leasing Activity Life Sciences Northeast Office Pennsylvania

Colliers Negotiates Life Sciences Lease for Gene Therapy Firm in Philadelphia’s University City Area

by Taylor Williams January 29, 2021

PHILADELPHIA — Colliers International has negotiated a life sciences lease at 3675 Market St. in Philadelphia’s University City neighborhood. Joseph Fetterman and Clifford Brechner of Colliers represented the tenant, gene therapy firm Spirovant Sciences, which will use the space for its expanded headquarters and lab operations, in the lease negotiations. A partnership between Ventas and Wexford Science + Technologies developed the 14-story, 340,000-square-foot building, which houses lab and traditional office space and is located near a variety of retail and restaurant options.

January 29, 2021

Illinois Leasing Activity Life Sciences Midwest Office

Talis Biomedical Signs 26,432 SF Life Sciences Lease at Chicago’s Fulton Labs

by Kristin Harlow January 29, 2021

CHICAGO — Talis Biomedical Corp. is the latest company to join the tenant lineup at Trammell Crow Co.’s Fulton Labs development in Chicago. Talis will occupy 26,432 square feet of advanced lab, office and chemical storage space. Other tenants at the property include Xeris Pharmaceuticals and Portal Innovations. Fulton Labs totals 725,000 square feet across two buildings, the second of which is slated for completion in early 2022. The first building is immediately available for occupancy. David Saad and Chad Freese of CBRE represented Talis in the lease transaction.

January 29, 2021

Industrial Leasing Activity Midwest Missouri

Logoplaste Leases 160,000 SF in Kansas City’s Executive Park

by Kristin Harlow January 28, 2021

KANSAS CITY, MO. — Logoplaste, a designer and manufacturer of plastic packaging products, has leased 160,000 square feet of industrial space in Kansas City’s Executive Park. The property is located at 6900 Stilwell St. Mark Long, David Zimmer and John Hassler of Newmark Zimmer represented the undisclosed landlord in the lease transaction. Daniel Jensen of Kessinger Hunter and Britt Casey of Cushman & Wakefield represented the tenant.

January 28, 2021

Leasing Activity New York Northeast Office

Beam Suntory Signs 99,556 SF Office Lease at 11 Madison Avenue in Manhattan

by Taylor Williams January 28, 2021

NEW YORK CITY — Liquor producer Beam Suntory has signed a 99,556-square-foot office lease at 11 Madison Avenue in Manhattan for its new global headquarters. The 15-year lease covers the entire 12th floor and brings the 30-story building to full occupancy. David Kleinhandler, James Whalen, Maura Flanagan and Joe Cybulski of CBRE represented the tenant in the lease negotiations. Brian Waterman, Scott Klau, Erik Harris and Brent Ozarowski of Newmark represented the landlord, SL Green. The building, which currently houses tenants such as Credit Suisse and SONY Corp. of America, will also house a global office of Beam Suntory’s parent company, Suntory Holdings.

January 28, 2021

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