Leasing Activity

Sour Patch Kids Opens 3,300 SF Flagship Store in New York City

by Taylor Williams August 12, 2020

NEW YORK CITY — Sour Patch Kids has opened a 3,300-square-foot flagship store for children at the corner of Bond Street and Broadway near the SoHo shopping district in New York City. IT’SUGAR, a retailer specializing in candy and similar confections and subsidiary of BBX Sweet Holdings LLC, will operate the store. In addition to offering a range of merchandise, the store will also feature entertainment activities for children, including the making of candy mix, posing for photos with Sour Patch Kids characters and enjoying reimagined sweets such as smoothies, cookies and ice cream.

August 12, 2020

Industrial Leasing Activity Texas

Package, Shipping Materials Provider Uline Signs 1.1 MSF Industrial Lease in Irving

by Taylor Williams August 11, 2020

IRVING, TEXAS — Uline, a provider of packaging and shipping materials for warehouse workers, has signed a 1.1 million-square-foot industrial lease at 2600 Rental Car Drive in Irving. The Wisconsin-based company will lease the entirety of Building 1 within Passport Industrial Park, a 2 million-square-foot development by Trammell Crow Co. and its joint venture partner CBRE Global Investors. Uline plans to take occupancy of the cross-dock distribution center in May 2021. Development of the park, which comprises four buildings situated on 130 acres, began in December 2018.

August 11, 2020

Industrial Leasing Activity Texas

Finial Group Negotiates 19,800 SF Industrial Lease in Houston

by Taylor Williams August 11, 2020

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 19,800-square-foot lease at 1646 Rankin Road in Houston. The space is located within Central Green Business Park, a 331,000-square-foot development near George Bush International Airport. Doc Perrier and Jason Gibbons of Finial Group represented the tenant, Rubicon Ventures LLC, in the lease negotiations. Jeremy Lumbreras of Stream Realty Partners represented the landlord.

August 11, 2020

Leasing Activity New Jersey Northeast Retail

Burlington to Open Store at 306,000 SF Mill Creek at Harmon Meadow in Secaucus, New Jersey

by Taylor Williams August 11, 2020

SECAUCUS, N.J. — Burlington will open a store at Mill Creek at Harmon Meadow, a 306,000-square-foot retail power center in the New York City suburb of Secaucus. The center, which houses tenants such as Kohl’s, T.J. Maxx and Bob’s Discount Furniture, is part of the 200-acre Harmon Meadow mixed-use development. Burlington will occupy a space formerly leased to Sports Authority and has not yet established an opening date. Sidney Singer of Levin Management Corp. represented the landlord, New York Life Real Estate Investors, in the lease negotiations.

August 11, 2020

Acquisitions Industrial Leasing Activity Washington Western

EverWest Completes $29.5M Sale-Leaseback With Alliance Packaging for Industrial Facility Near Seattle

by Amy Works August 11, 2020

RENTON, WASH. — Denver-based EverWest Real Estate Partners has completed the $29.5 million acquisition and partial sale-leaseback of an industrial building located at 851 SW 34th St. in Renton, about 14 miles south of downtown Seattle. Alliance Packaging sold the property and executed a leaseback for a portion of the asset. Totaling 164,332 square feet, the property features 26-foot clear heights, dock-high and grade-level doors in a cross-dock configuration and 5,000 amps of heavy power. Alliance Packaging will continue to occupy 82,019 square feet of the property under a long-term lease agreement. The remaining 82,313 square feet, including 13,440 square feet of office space, is available for immediate lease. Ryan Madson provided in-house representation for EverWest, while Arie Salomon and Jeff Forsberg of NAI Puget Sound Properties represented Alliance Packaging in the transaction.

August 11, 2020

Acquisitions California Industrial Leasing Activity Western

Bolour Associates Buys Los Angeles Industrial Property in $5.6M Sale-Leaseback Deal

by Amy Works August 11, 2020

LOS ANGELES — Bolour Associates has acquired an industrial building located at 3333 W. Temple St. in Los Angeles. The $5.6 million sale-leaseback transaction includes a 10-year lease with Rentokil North America and future development opportunities. Situated at Highway 101 and Silver Lake Boulevard, the property includes 44,931 square feet of land and a 11,681-square-foot building, which is fully occupied by Rentokil North America under a 10-year lease. The tenant is a wholly owned subsidiary of United Kingdom-based FTSE 100 company Rentokil Initial. Jake Wagner of JLL represented the seller in the deal, while Adam Eisenberg provided in-house representation for the buyer.

August 11, 2020

Leasing Activity New York Northeast Office

Advertising Agency Mother Signs 61,000 SF Office Lease in Brooklyn

by Taylor Williams August 10, 2020

NEW YORK CITY — Mother, a creative advertising agency with offices in London, Shanghai and South America, has signed a 61,000-square-foot office lease in the Gowanus area of Brooklyn for its new headquarters in New York City. The company signed a 15-year lease to occupy space at Roulston House, a redeveloped office building that originally served as a warehouse for Roulston, a grocery chain founded in the 1880s. Michael Schoen, Marc Schoen and Harrison Katzman of The Schoen Group, a division of New York City-based Savitt Partners, represented Mother in the lease negotiations. Joseph Hamway and Josh Sloan represented the landlord, ICP Realty, on an internal basis.

August 10, 2020

Leasing Activity Maine Northeast Office

Cardente Negotiates 5,618 SF Office Lease in Portland, Maine

by Taylor Williams August 10, 2020

PORTLAND, MAINE — Locally based brokerage firm Cardente Real Estate has negotiated a 5,618-square-foot office lease at 11 Baxter Blvd. in Portland. Matthew Cardente of Cardente Real Estate represented the landlord, the William C. Rowell Family LP, in the lease negotiations. Derek Miller of The Boulos Company represented the tenant, behavioral healthcare provider LifeStance.

August 10, 2020

Industrial Leasing Activity Texas

Continental Office Group Signs 22,374 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams August 10, 2020

GARLAND, TEXAS — Continental Office Group, a wholesaler of new and used office furniture, has signed a 22,374-square-foot industrial lease renewal at Gateway East Business Center in the northeastern Dallas suburb of Garland. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented the landlord, Barings, in the lease negotiations. JLL represented the tenant.

August 10, 2020

Industrial Leasing Activity NAI Texas

NAI Partners Negotiates 11,900 SF Industrial Lease in South Houston

by Taylor Williams August 10, 2020

HOUSTON — NAI Partners has negotiated an 11,900-square-foot industrial lease at 10425 Moers Road in south Houston. According to LoopNet Inc., the property was built in 1961 and consists of four buildings. Zane Carman and Clay Pritchett of NAI Partners represented the landlord in the lease negotiations. Barrett Gibson of Colliers International represented the tenant, Supreme Plant Services LLC, a provider of tank cleaning services.

August 10, 2020

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