Leasing Activity

Government Contractor KBR Signs 12,723 SF Office Lease in Northern Virginia

by Alex Tostado July 29, 2020

FAIRFAX, VA. — Government contractor KBR Inc. has signed a 10-year, 12,723-square-foot office lease at 2677 Prosperity Ave. in Fairfax. The seven-story, 166,266-square-foot building is situated 15 miles west of downtown Washington, D.C. Andy Klaff and Dominic Orcio of Newmark Knight Frank (NKF) represented the landlord, a joint venture between Office Properties Income Trust and Coakley Prosperity of Virginia LLC, in the transaction. Samuel Heiber and Tom Birnbach of Cresa represented the tenant, which plans to move into the space in October. The RMR Group manages the property. KBR is an engineering firm that was formerly a subsidiary of Halliburton.

July 29, 2020

Industrial Leasing Activity Texas

Lockheed Martin Signs 220,000 SF Industrial Lease at TexAmericas Center in Texarkana

by Taylor Williams July 29, 2020

TEXARKANA, TEXAS — Defense contractor and aerospace firm Lockheed Martin has signed a 220,000-square-foot industrial lease at TexAmericas Center in Texarkana, located near the Texas-Arkansas border. Lockheed Martin will utilize a portion of the floor space at Building 333, which is currently leased to Red River Army Depot (RRAD), to support the Multiple Launch Rocket System (MLRS) Fleet Expansion Program. The contract with RRAD is valued at $77 million and runs from 2020 to 2024. The building will undergo improvements requested and paid for by Lockheed Martin as part of its public/private partnership with RRAD. TexAmericas Center is one of the largest owner-operators of industrial real estate in the country, with roughly 12,000 development-ready acres and about 3 million square feet of commercial and industrial product serving four states.

July 29, 2020

Leasing Activity Office Texas

Texas Excavation Safety System Signs 29,343 SF Office Lease in Metro Dallas

by Taylor Williams July 29, 2020

RICHARDSON, TEXAS — Texas Excavation Safety System has signed a 29,343-square-foot office lease at 1410 E. Renner Road in the northeastern Dallas suburb of Richardson. Dave Peterson, Mark Robertson and Jimmy Freeman of NAI Robert Lynn represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

July 29, 2020

Healthcare Leasing Activity Texas

Post Oak ER to Open 5,575 SF Healthcare Clinic in Uptown Houston

by Taylor Williams July 29, 2020

HOUSTON — Post Oak ER will open a 5,575-square-foot healthcare clinic at Tanglewood Shopping Center, a 48,306-square-foot property located in Houston’s Uptown neighborhood. Chadd Bolding of Colliers International represented the tenant, which expects to open in October, in the lease negotiations. Josh Friedlander of NewQuest Properties represented the landlord, RPI Management Co. LLC.

July 29, 2020

Illinois Industrial Leasing Activity Midwest

LBP Manufacturing Renews 180,417 SF Industrial Lease in Chicago

by Kristin Harlow July 29, 2020

CHICAGO — LBP Manufacturing, a global food packaging company, has renewed its 180,417-square-foot industrial lease at 1401 N. Cicero Ave. in Chicago. Kris Bjorson of JLL represented the tenant in the lease transaction. ML Realty Partners is the landlord. LBP chose to renew its lease due to the building location and interstate access, according to Patrick Shannon, senior vice president at ML Realty.

July 29, 2020

Illinois Leasing Activity Midwest Retail

Northwestern Cutlery Signs 5,000 SF Retail Lease in Chicago

by Kristin Harlow July 29, 2020

CHICAGO — Northwestern Cutlery has signed a 5,000-square-foot retail lease at 7138 W. Higgins Ave. in the Norwood Park neighborhood of Chicago. The kitchen supply store joins tenants such as Walter Lily Flowers, Made Men barber shop, Athletico Physical Therapy and Mather’s. Simeon Spirrison and George Spirrison of Adelphia Properties represented the undisclosed landlord in the lease transaction.

July 29, 2020

Leasing Activity Office Texas

PCS Software Signs 25,772 SF Office Lease at CityWest in Houston

by Taylor Williams July 28, 2020

HOUSTON — PCS Software Inc., a Houston-based software management firm that serves the transportation and logistics industries, has signed a 25,772-square-foot office lease at the 35-acre CityWest campus in Houston. J.P. Hutcheson represented the landlord, Parkway, in the lease negotiations on an internal basis. Jay Kyle and Bob Parsley of Colliers International represented the tenant.

July 28, 2020

Leasing Activity NAI Retail Texas

NAI Partners Negotiates 7,613 SF Retail Lease for Sally Beauty in North Houston

by Taylor Williams July 28, 2020

HOUSTON — NAI Partners has negotiated a 7,613-square-foot retail lease for Sally Beauty Holdings Inc. at Cypress Landing Shopping Center, located at 3040 FM 1960 E. in North Houston. According to LoopNet Inc., the property was built on 29.1 acres in 1980. Patrick Keegan and Jason Gaines of NAI Partners represented the landlord in the lease negotiations. The representative of the tenant was not disclosed.

July 28, 2020

Healthcare Leasing Activity Life Sciences Massachusetts Northeast

Gene Editing Firm Signs 263,500 SF Life Sciences Lease in Boston’s Seaport District

by Taylor Williams July 28, 2020

BOSTON — Gene editing firm CRISPR Therapeutics has signed a 263,500-square-foot life sciences lease at The 105, a new development in Boston’s Seaport District by Breakthrough Properties. Construction of The 105 began earlier this year and is expected to be complete in early 2022. Cushman & Wakefield represented the tenant in the lease negotiations. Newmark Knight Frank represented Breakthrough Properties, which was launched in 2019 by New York City-based Tishman Speyer and biotech investment firm Bellco Capital. Gene editing refers to technologies that give scientists the ability to change an organism’s DNA.

July 28, 2020

Illinois Industrial Leasing Activity Midwest

Midwest Custom Case Leases 239,700 SF Warehouse in Monee, Illinois

by Kristin Harlow July 28, 2020

MONEE, ILL. — Midwest Custom Case Inc. has leased a 239,700-square-foot warehouse at 25975 Cleveland Ave. in Monee, about 40 miles south of Chicago. The designer and manufacturer of store fixture products will relocate from 425 Crossing Drive in University Park once the lease commences this fall. The facility features a clear height of 30 feet, 25 docks, four drive-in doors and 5,265 square feet of office space. Jim Estus and Matthew Stauber of Colliers International represented the tenant. The landlord was undisclosed.

July 28, 2020

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