Leasing Activity

Goodman Signs 494,000 SF Industrial Lease at Sam Houston Distribution Center

by Taylor Williams September 7, 2021

HOUSTON — Goodman Manufacturing Co., a supplier of HVAC systems, has signed a 494,000-square-foot industrial lease to occupy more than half the space at Sam Houston Distribution Center, an 833,720-square-foot speculative development on the city’s northwest side. Seth Koschak of Stream Realty Partners represented the tenant in the lease negotiations. Brian Gammill, Darryl Noon, Jude Filippone and Carter Thurmond of Transwestern represented the landlord, a partnership between Transwestern Development Co. and J.P. Morgan Global Alternatives.

September 7, 2021

Leasing Activity New York Northeast Office

Adyen Signs 30,415 SF Office Lease at 71 Fifth Avenue in Manhattan’s Union Square

by Taylor Williams September 2, 2021

NEW YORK CITY — Adyen, a Dutch provider of digital payment platforms, has signed a 30,415-square-foot office lease at 71 Fifth Avenue in Manhattan’s Union Square neighborhood. The tenant will occupy 15,177 square feet on the entire 10th floor and 15,238 square feet on the entire 11th floor of the building, which was originally constructed in 1907. Rory Murphy and Thomas Hines of Transwestern represented Adyen in the lease negotiations. Mitchell Konsker, Dan Turkewitz and Ben Bass of JLL, along with internal agents Joseph Jacobson, Jonathan Ratner and Cindy Chang, represented the landlord, Madison Capital.

September 2, 2021

Illinois Industrial Leasing Activity Midwest

MSC Industrial Supply Renews, Expands Lease to Entire Building in Hanover Park, Illinois

by Kristin Harlow August 31, 2021

HANOVER PARK, ILL. — MSC Industrial Supply Co. has signed a long-term lease renewal and expansion at 1575 Hunter Road in Hanover Park. The company is a distributor of metalworking and maintenance, repair and operations (MRO) products and services. MSC is expanding its current 181,635-square-foot footprint by another 106,731 square feet and will now occupy the entire 288,368-square-foot building. The facility features 36 exterior docks, three drive-in doors, 12,000 square feet of office space and a clear height of 30 feet. It serves as MSC’s Midwest distribution hub. Ron Behm and Ken Enos of Colliers International represented MSC in the lease transaction. Britt Casey, Al Caruana and Jeff Mattella of Cushman & Wakefield represented the owner, Prologis.

August 31, 2021

Leasing Activity Michigan Midwest Office

Awecomm Technologies Signs 5,112 SF Office Lease in Troy, Michigan

by Kristin Harlow August 31, 2021

TROY, MICH. — Awecomm Technologies LLC has signed a 5,112-square-foot office lease at PNC Center in Troy. The IT company is currently located at 165 Kirts Blvd. in Troy. Built in 1974 and renovated in 2002, PNC Center rises 25 stories and spans 535,000 square feet. Steve Eisenshtadt and Robert Gagniuk of Friedman Real Estate represented the undisclosed landlord in the lease transaction.

August 31, 2021

Leasing Activity Northeast Office Pennsylvania

TriState Capital Bank Signs 22,000 SF Office Lease in Downtown Pittsburgh

by Taylor Williams August 31, 2021

PITTSBURGH — Regional lender TriState Capital Bank Inc. (NASDAQ: TSC) has signed a 22,000-square-foot lease to occupy the entire 16th floor at 11 Stanwix Street, an office building in downtown Pittsburgh. Jason Stewart and Jeff Adams of JLL represented the landlord, a partnership between M&J Wilkow and DRA Advisors, in the lease negotiations. Brendan McManus and Michael Connor of Hanna Langholz Wilson Ellis represented the tenant. The deal increases TriState’s total footprint in downtown Pittsburgh to roughly 68,000 square feet.

August 31, 2021

Leasing Activity Office Texas

Bestow Signs 42,000 SF Office Lease at The Stack in Dallas’ Deep Ellum District

by Taylor Williams August 30, 2021

DALLAS — Bestow, a provider of digital platforms for the life insurance industry, has signed a 42,000-square-foot office lease at The Stack, a 16-story office building that recently opened in the Deep Ellum area of Dallas. The lease term is 11 years. A joint venture between Westdale Real Estate Investment & Management, Ivanhoe Cambridge and Hines owns The Stack, which consists of 210,000 square feet of office space and 15,000 square feet of retail space. Houston-based Hines plans to relocate its Dallas office to an 11,000-square-foot space within the building.

August 30, 2021

Leasing Activity New York Northeast Office

Dorilton Capital Signs 5,148 SF Office Lease Expansion at 32 Avenue of the Americas in Manhattan

by Taylor Williams August 30, 2021

NEW YORK CITY — Private investment and management consulting firm Dorilton Capital has signed a 5,148-square-foot office lease expansion at 32 Avenue of the Americas, a 1.2 million-square-foot building located in the Tribeca area of Manhattan. The company now occupies 38,648 square feet at the property comprising the entire 26th floor and portions of the 17th and 27th floors. Robert Steinman represented the landlord, The Rudin Family, on an internal basis.

August 30, 2021

Illinois Industrial Leasing Activity Midwest

IMC Outdoor Living Leases 325,944 SF of Industrial Space in Pontoon Beach, Illinois

by Kristin Harlow August 30, 2021

PONTOON BEACH, ILL. — IMC Outdoor Living has leased 325,944 square feet of industrial space in Gateway TradePort Building 2 in Pontoon Beach, just northeast of St. Louis. The tenant will occupy all of the remaining space within the building. IMC Outdoor Living, a division of Liberty Tire Recycling, manufactures landscaping and playground equipment from recycled rubber towers. The company plans to use the new facility for product storage and distribution while continuing to utilize its existing facility in Godfrey, Ill. Steve Stradal and George Convy of Avison Young, along with Tom Schenk of The White Co., represented the tenant in the lease transaction. JLL represented the landlord, NorthPoint Development.

August 30, 2021

Leasing Activity Midwest Office Wisconsin

Eight Eleven Group Signs 7,500 SF Office Lease at HUB640 in Milwaukee

by Kristin Harlow August 30, 2021

MILWAUKEE — Eight Eleven Group has signed a 7,500-square-foot office lease at HUB640 in Milwaukee’s Westown neighborhood. This will be the second office in Milwaukee for the Indianapolis-based staffing and consulting firm. Eight Eleven employees will temporarily occupy a spec suite within HUB640 while they await the buildout of their permanent location on the third floor. Eight Eleven plans to hire five additional employees this year and seven to 10 more next year. Purchased in 2017 by North Wells Capital, HUB640 was formerly home to the corporate offices of The Bon-Ton Stores Inc. and its longtime Boston Store. Fully renovated in the years following, the 120-year-old property now features a new lobby, amenity floor, rooftop deck and fitness center. The project gets its name from the address, 640 N. 4th St. John Davis and Ned Purtell of Founders 3 Real Estate Services represented North Wells Capital in the lease with Eight Eleven.

August 30, 2021

Leasing Activity New York Northeast Office

Cedar Signs 66,753 SF Office Lease at 32 Avenue of the Americas in Manhattan

by Taylor Williams August 27, 2021

NEW YORK CITY — Cedar, a locally based healthcare financial technology firm, has signed a 66,753-square-foot office lease at 32 Avenue of the Americas in Manhattan’s Tribeca neighborhood. The lease term is five years, and the space encompasses the entire 18th and a portion of the 17th floors of the 1.2 million-square-foot building. Cedar is quadrupling its 17,000-square-foot footprint at 95 Morton Street and plans to take occupancy of its new space in the fourth quarter. Mitti Liebersohn and Evan Foley of Avison Young represented the tenant in the lease negotiations. Robert Steinman represented the landlord, The Rudin Family, on an internal basis.

August 27, 2021

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