BURLINGTON, MASS. — Azzur Group, a firm that helps life sciences companies start and scale, has signed a 50,300-square-foot office lease in Burlington, located north of Boston. Azzur Group plans to take occupancy of its space at 60 Blanchard Road by summer 2021. Newmark Knight Frank represented the building owner, a partnership between locally based development and investment firm Nordblom Co. and Alcion Ventures, in the lease negotiations. The Stevens Group represented the tenant.
Leasing Activity
YORK, PA. — ROCK Commercial Real Estate has negotiated a 14,479-square-foot office lease at Susquehanna Commerce Center, a 260,000-square-foot office complex in York. The property houses tenants such as Morgan Stanley Wealth Management and Wells Fargo Financial Advisors and offers an onsite parking garage and a café. David Bode of ROCK Commercial represented the landlord in the transaction. The tenant was Dentsply International Inc., a provider of dental equipment.
NEW YORK CITY — Full-service real estate firm Adams & Co. has negotiated a 26,170-square-foot office lease at 390 Fifth Avenue in Manhattan. The tenant, home textile supplier Keeco, will relocate from its existing space at 295 Park Avenue during the first quarter of 2021. Jeff Buslik and Jay Dispralto of Adams & Co. represented the landlord, Hilson Management Corp., in the lease negotiations. Evan Margolin and Scott Ansel of Savills represented the tenant. The asking rent is approximately $50 per square foot.
DALLAS — Multifamily developer Gables Residential Services Inc. has renewed its 15,114-square-foot office lease at 3811 Turtle Creek Blvd. in Dallas. The 300,961-square-foot property recently received upgrades to its lobby and corridors and now features a gym, deli, tenant wine bar, game room and outdoor fire pits. Garrison Efird, Jim Cooksey and Louis Pascuzzi of Newmark Knight Frank represented the tenant in the lease negotiations. Scott Walker, Kim Brooks and Justin Miller of Transwestern represented the landlord, California-based KBS.
CHICAGO — Irvine Co. has negotiated several new and expanded office leases totaling more than 144,000 square feet at 300 North LaSalle, One North Wacker and 71 South Wacker. Vestian, a workplace solutions firm, doubled its footprint to 7,102 square feet at the 60-story 300 North LaSalle. LoanCore Capital, a privately held asset management firm, signed a lease for 4,521 square feet. In-telligent, a Chicago-based technology company, leased 7,753 square feet at the 51-story One North Wacker. Other lease signings at the office tower include Chicago Partners Wealth Advisors, Hana2.0 Property Group, James Denney and Periscope Equity. Chicago-based startup Drift Net Securities leased 10,136 square feet at the 48-story 71 South Wacker. Reply leased 4,885 square feet and Consolidated Training renewed its lease for 14,222 square feet. Irvine Co. partnered with UCI Health to review and enhance its coronavirus-related health and safety plans.
WEST COLUMBIA, S.C. — Colliers International has arranged a 150,000-square-foot lease within Midway Logistics IV, bringing the 200,000-square-foot speculative development in West Columbia to full occupancy. The tenant, TreeHouse Foods, will move into the space located at 828 Bistline Drive, eight miles south of downtown Columbia and two miles south of the Interstate 26-77 interchange. TreeHouse will use the space to support its current pasta plant located at 2000 American Italian Way, 11 miles east of Midway Logistics IV. TreeHouse is a manufacturer and distributor of foods and beverages. Chuck Salley, Dave Mathews, Thomas Beard and John Peebles of Colliers represented the landlord and developer, Magnus Development Partners, in the lease transaction. With the property now being fully leased, Magnus will begin development on Midway Logistics VI, a planned 192,780-square-foot spec industrial building on the West Columbia campus.
BEE CAVE, TEXAS — Fuse Workspace, a Texas-based provider of flexible office solutions, has opened a 30,000-square-foot coworking space at 14425 Falcon Head Blvd. in the western Austin suburb of Bee Cave. The space features 116 private offices, seven conference rooms, a podcast studio, two outdoor patios and a full-time concierge staff. With this opening, Fuse now operates three flexible workspaces in Texas totaling 92,000 square feet.
RICHARDSON, TEXAS — Benders Sports & Spirits will open a 4,086-square-foot restaurant at 300 N. Coit Road in the northeastern Dallas suburb of Richardson, its second in the metroplex. Andy Anderson of Restaurant Properties Group represented the tenant in the negotiations for the seven-year lease. Andrew Shaw of NAI Robert Lynn represented the landlord, Pipit Partners LP.
NEW YORK CITY — Volastra Therapeutics, a biotechnology firm focused on treating cancer, has signed an 11,000-square-foot life sciences lease at the Mink Building in West Harlem. The space is located within the Manhattanville Factory District, a 1.1 million-square-foot office and life sciences campus. New York City-based Janus Property Co. owns the building.
MADISON, WIS. — Littelfuse has signed a 7,100-square-foot industrial lease at World Dairy Business Center in Madison. The manufacturer of electric-circuit protection equipment will occupy space at 2821 Dairy Drive. Camp Perret and John Walsh of Lee & Associates represented the landlord, Trowbridge Group. The property is now fully leased and being marketed for sale at an asking price of $3.3 million.