NEW YORK CITY — The Carlyle Group, a global private equity and asset management firm, has signed a 33,924-square-foot office lease expansion at One Vanderbilt, SL Green’s 1.7 million-square-foot tower in Midtown Manhattan. The tenant is expanding from 160,778 square feet to 194,702 square feet and will now occupy six of the building’s 77 floors. Joe Messina, Steven Rotter, Jessica Berkey, Andrew Lutzer, Gregory Lubar and Steve Spartin Jr. of JLL represented the tenant in the lease negotiations.
DETROIT — DT Midstream Inc. (NYSE: DTM), a natural gas pipeline, storage and gathering provider, will open a new corporate headquarters within Bedrock’s Ally Detroit Center downtown. DTM is slated to occupy 26,000 square feet on the 29th floor beginning in November. The office space will accommodate up to 84 employees and will be home to the company’s executive leadership team. The Detroit headquarters will oversee assets in Pennsylvania, West Virginia, Ohio, New York, Louisiana and Texas. DTM completed its spinoff from DTE Energy on July 1.
MCALLEN, TEXAS — NAI Partners has negotiated two industrial leases totaling 130,903 square feet at 5700 S. International Parkway in the Rio Grande Valley city of McAllen. Marmon Foodservice Technologies, a manufacturer of restaurant equipment and supplies, leased 100,783 square feet, and pet products manufacturer Worldwise leased 30,120 square feet. Carlos Marquez of NAI Partners represented the landlord, Killam Development Ltd., in both sets of lease negotiations.
CHARLOTTE, N.C. — KBS has signed two leases at Crossroads Distribution Center, a 496,723-square-foot business park located in Charlotte. The leases exceeded 100,000 square feet and brought the property to full occupancy. The transactions include a long-term, 73,300-square-foot lease with Service Metal, a pipe fitting distributor, and a long-term, 26,933-square-foot lease with Caesarstone US, a quartz countertop manufacturer. Located at 11401 Granite St., Crossroads Distribution Center features Interstate 77 frontage with warehouse, distribution and office/showroom space. Completed in 2007, the property includes four warehouses with clear heights ranging from 24 to 30 feet. Each building features 50-foot concrete aprons, loading docks and truck courts ranging from 110 to 140 feet. The property also has an onsite car wash/detail. Matt Treble and Eric Ridlehoover of Cushman & Wakefield handled the leasing transactions on behalf of KBS. Matt Hargrove and Alek Salfia of CBRE represented Ceaserstone, and William Maxwell at Trinity Partners represented Service Metal.
MODESTO, CALIF. — JCH Senior Housing Investment has arranged the triple-net lease of a 68-unit, 120-bed assisted living and memory care community in Modesto, approximately 80 miles south of Sacramento. The team at JCH led a marketing campaign for the landlords, a family-owned owner-operator that is seeking retirement. Throughout the pandemic, the facility struggled to maintain census and keep up with new requirements from licensing, ultimately leading to a licensing revocation hearing. A local operator seeking to convert the building to an adult residential facility was the successful bidder. The lease rate is $200,000 per bed. Jim Hazzard and Cindy Hazzard handled the transaction process for JCH.
HOUSTON — Puttshack, an entertainment concept that combines tech-infused minigolf with food and beverage offerings, will open a new, 26,000-square-foot venue at The Shops at Houston Center in the city’s downtown area. Puttshack recently opened its first venue in Atlanta and has plans to open additional facilities in Chicago, Miami, Boston and Nashville. The opening of the Houston facility is slated for late 2022. Brookfield Properties owns The Shops at Houston Center in partnership with Spear Street Capital.
BUFFALO GROVE, ILL. — Lou Malnati’s Pizzeria, famous for its Chicago deep-dish pizza, will consolidate several local properties and open a 125,000-square-foot headquarters in Buffalo Grove, a northern suburb of Chicago. The company will occupy space at 900-950 Busch Parkway in Lake County’s Corporate Grove Business Park. The property will serve as the company’s home office, e-commerce site, manufacturing plant and fulfillment center. Owned by The Missner Group, the building features 15,000 square feet of office space, eight docks and a clear height of 16 feet. Lou Malnati’s plans to occupy the space in spring 2022 following an extensive buildout. Ned Frank and Pat Hake of Colliers Chicago represented The Malnati Organization in the lease transaction. Brett Kroner of Cushman & Wakefield represented ownership.
MORRISVILLE, N.C. — Duke Realty Corp. has signed a lease with Carolina Furniture Installations, a locally based office furnisher, for a 12,673-square-foot space at the developer’s Perimeter Park 2700 building. The 86,266-square-foot property is located at 2700 Perimeter Park in Morrisville and is now fully leased. Located midway between Raleigh and Durham, Perimeter Park is situated just off N.C. Highway 54 near the intersection of Interstates 540 and 40. The property is also located 4.1 miles from the Raleigh-Durham International Airport. Perimeter Park is a four-building industrial campus with a total of 358,272 square feet. Austin Nagey of CBRE represented Carolina Furniture Installations in the lease transaction. Batista Orcino represented Duke Realty on an internal basis along with Larry Lakins of Colliers International.
CARY, N.C. — Williams Sonoma, Pottery Barn, Athleta and Von Kekel Aveda Lifestyle Salon Spa will join the first phase of Fenton, a 69-acre, $1 billion mixed-use project under construction in the Raleigh suburb of Cary. In Phase I, co-developers Hines and Columbia Development will deliver approximately 345,000 square feet of shops, restaurants and entertainment space; 200,000 square feet of office space; a 175-room boutique hotel; and a 357-unit apartment community that will begin preleasing in early 2022. Williams Sonoma will occupy 5,504 square feet, Pottery Barn will occupy 13,910 square feet, Athleta will occupy 3,825 square feet and locally based Von Kekel Aveda Lifestyle Salon Spa will open its third Triangle-area location at Fenton. All four retailers expect to open their stores in April 2022. Other committed retail tenants at Fenton include Paragon Theaters, Arhaus Furniture, Honeysuckle Gelato, CRU Food & Wine Bar, Sephora, Free People, Bailey’s Fine Jewelry, LunchboxWax, Zen Nail Bar, Superica, M Sushi, Crawford Brothers Steakhouse, Colletta and Dram & Draught. The mixed-use development was also slated to feature a Wegmans, but the Rochester, N.Y.-based grocer pulled out of the project in March. With the addition of the four new tenants, 82 percent of the retail …
ELK GROVE VILLAGE, ILL. — Alliance Ground International LLC has signed a 253,000-square-foot industrial lease at 1717 Busse Road in the Chicago suburb of Elk Grove Village near O’Hare. The airline cargo handling service will occupy the entire building, which features a clear height of 32 feet, 57 exterior docks, two drive-in doors, 25,000 square feet of office space and parking for 34 trailers and 186 cars. Jeffrey Provenza and Todd Hendricks of Darwin Realty/CORFAC International represented Alliance Ground in the lease transaction. Britt Casey and Al Caruana of Cushman & Wakefield represented the landlord, Duke Realty.
