Leasing Activity

Deibel Laboratories Relocates to 17,450 SF Space in Niles, Illinois

by Kristin Harlow October 5, 2020

NILES, ILL. — Deibel Laboratories has purchased a 17,450-square-foot office and warehouse facility at 6150 Mulford St. in Niles, located about 15 miles northwest of downtown Chicago. The company, which serves the food diagnostics and personal care industries, is relocating from Lincolnwood. The new facility features 53 parking spaces and one truck dock. Nick Walby of Entre Commercial Realty represented Deibel while Chris Volkert of Colliers International represented the undisclosed seller. Deibel maintains 11 laboratories across North America.

October 5, 2020

Industrial Leasing Activity Texas

Amazon Debuts 308,000 SF Sortation Facility in Kyle, Texas

by Taylor Williams October 2, 2020

KYLE, TEXAS — Amazon has debuted its 308,000-square-foot sortation facility within Kyle Crossing Business Park in Central Texas. This facility is being used to sort packages before being transferred to a delivery station or last-mile delivery partner for final delivery to customers. More than 1,130 full- and part-time associate jobs have already been created through the opening of the facility, which is located just off Interstate 35. California-based Majestic Realty Co. owns the building.

October 2, 2020

Illinois Leasing Activity Midwest Multifamily

Fifield Cos. Begins Lease-up of 188-Unit Westerly Apartment Complex in Chicago’s River West

by Kristin Harlow October 2, 2020

CHICAGO — Fifield Cos. has begun the lease-up of Westerly, a 188-unit apartment complex located at 740 N. Aberdeen St. in Chicago’s River West neighborhood. The Chicago-based developer expects the first move-ins to begin this month. The 11-story building also serves as the latest canvas for Chicago-based artist Sentrock. Designed by FitzGerald Associates Architects and constructed by James McHugh Construction Co., Westerly features a mix of studio, one-, two- and three-bedroom floor plans ranging in size from 544 to 1,513 square feet. Amenities include a fitness center, resident lounge, coffee bar, party room, coworking space, sun terrace, pool, rooftop deck and 80-space parking garage. Residents also have access to a new public park, created by Fifield and designed by Hitchcock Design Group, that features a dog park, green space and seating. Monthly rents start at $1,458. Residents can now receive up to three months of free rent.

October 2, 2020

Illinois Industrial Leasing Activity Midwest

King Solutions Signs 138,000 SF Industrial Lease in Romeoville, Illinois

by Kristin Harlow October 2, 2020

ROMEOVILLE, ILL. — King Solutions has signed a 138,000-square-foot industrial lease at 200 S. Pinnacle Drive in Romeoville. The provider of custom logistics solutions will relocate from 500 Regency Drive in Glendale Heights once the new lease commences in November. The property features 42 trailer positions, 28 docks, 2,000 square feet of office space and a clear height of 32 feet. Mike Morgan, Brian Netsky and Jim Herbst of Colliers International represented the tenant in the lease transaction. The landlord was undisclosed.

October 2, 2020

Georgia Industrial Leasing Activity Southeast

Cushman & Wakefield Arranges 760,608 SF Industrial Lease for Radial Near Atlanta

by Alex Tostado October 1, 2020

LOCUST GROVE, GA. — Cushman & Wakefield has arranged a 760,608-square-foot industrial lease at Gardner Logistics Park in Locust Grove. King of Prussia, Pa.-based Radial, an e-commerce and operations company, will join The Home Depot and Love’s Travel Stops at Phase I of the industrial facility. Gardner Logistics Park is located at 3150 Ga. Highway 42, 30 miles southeast of Hartsfield-Jackson Atlanta International Airport. James Phillpott, Lisa Pittman and Helen Cauthen of Cushman & Wakefield represented the landlord, Indianapolis-based Scannell Properties, in the lease transaction. Tony Kepano and Ryan Robinson of CBRE represented the tenant.

October 1, 2020

Industrial Leasing Activity Texas

Frog Street Press Signs 28,390 SF Industrial Lease Near Fort Worth

by Taylor Williams October 1, 2020

SOUTHLAKE, TEXAS — Educational consulting firm Frog Street Press has signed a 28,390-square-foot industrial lease at Southlake Business Park near Fort Worth. Matt Carthey, George Jennings and Hogan Harrison with Holt Lunsford Commercial represented the owner, Frontier Equity, in the lease negotiations. Steve Schrum with Glacier Commercial represented the tenant.

October 1, 2020

Industrial Leasing Activity Texas

Lowe’s to Open 120,000 SF Distribution Center at Kyle Crossing in Metro Austin

by Taylor Williams September 30, 2020

KYLE, TEXAS — Lowe’s has signed a lease to open a 120,000-square-foot distribution center at Kyle Crossing Business Park, a 40-acre development located about 20 miles south of downtown Austin. Lowe’s will occupy approximately 60 percent of Building 1 at 1980 Kohlers Crossing, adjacent to the nearly 308,000-square-foot facility that was leased by Amazon in July. California-based Majestic Realty owns Kyle Crossing Business Park.

September 30, 2020

Leasing Activity Massachusetts Northeast Office

Columbia Threadneedle Signs New Headquarters Lease at Atlantic Wharf in Downtown Boston

by Taylor Williams September 30, 2020

BOSTON — Global asset management firm Columbia Threadneedle Investments has signed an office lease for its new headquarters at Atlantic Wharf, a 32-story office building located at 290 Congress St. in downtown Boston. John Boyle, Michael Joyce, Tom O’Regan and Maeve Cleary of Cushman & Wakefield represented the tenant, which expects to move in next summer, in the lease negotiations. Boston Properties owns the building. Columbia Threadneedle employs more than 2,000 people and has offices in 17 countries.

September 30, 2020

Healthcare Leasing Activity Life Sciences Massachusetts Northeast Office

Azzur Group Signs 50,300 SF Life Sciences Lease in Metro Boston

by Taylor Williams September 30, 2020

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.

September 30, 2020

Leasing Activity Northeast Office Pennsylvania

ROCK Commercial Negotiates 14,479 SF Office Lease in York, Pennsylvania

by Taylor Williams September 30, 2020

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.

September 30, 2020

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