Leasing Activity

Reich Brothers Acquires 620,000 SF Warehouse in Arizona, Leases 250,000 SF to Dynarex

by Amy Works March 11, 2021

GLENDALE, ARIZ. — Reich Brothers has purchased a 620,000-square-foot distribution facility located on 30 acres in Glendale. Terms of the acquisition were not released. The undisclosed seller made interior and exterior improvements to the site, including the addition of a 3.5-acre trailer lot adjacent the property, and completed lease-up of the facility. Reich Brothers plans to continue to upgrade and maintain the facility for distribution and logistics tenants. Dynarex, an Orangeburg, N.Y.-based medical supplies company, has signed a lease to occupy 250,000 square feet at the property. Thyssenkrupp’s 3PL division occupies the remainder of the asset. Located at 7811 N. Glen Harbor Blvd., the 620,000-square-foot building features clear heights ranging from 32 feet to 40 feet and 43 dock-high doors. Additionally, the site offers access to Loop 101 and Interstate 10.

March 11, 2021

Industrial Leasing Activity Midwest Wisconsin

Visual Pak Signs 472,176 SF Industrial Lease in Bristol, Wisconsin

by Kristin Harlow March 10, 2021

BRISTOL, WIS. — Visual Pak Cos. has signed a 472,176-square-foot industrial lease at Bristol Highlands Commerce Center in Bristol, about 14 miles west of Kenosha. The Waukegan, Ill.-based company, which provides contract packaging and manufacturing solutions for food, personal care, automotive and healthcare brands, will occupy an entire building at the business park. Visual Pak is scheduled to take occupancy in the second quarter after interior improvements are completed. Whit Heitman of CBRE represented the tenant in the lease transaction. Jeff Hoffman and Eric Fischer of Cushman & Wakefield | Boerke, along with Tim Thompson of HSA Commercial Real Estate, represented ownership, HSA Commercial Real Estate and Washington Capital Management.

March 10, 2021

613-Main-Street-Wilmington-Massachusetts

Industrial Leasing Activity Massachusetts Northeast

Lowe’s Signs 178,757 SF Industrial Lease in Wilmington, Massachusetts

by Taylor Williams March 10, 2021

WILMINGTON, MASS. — Lowe’s Home Improvement (NYSE: LOW) has signed a 178,757-square-foot industrial lease at 613 Main St. in the northern Boston suburb of Wilmington. Tony Coskren, Ed Jarosz, Richard Ruggiero, Torin Taylor, Rick Schuhwerk, Brian Pinch and Lizzie Kusbit of Newmark represented the landlord, a joint venture between The Seyon Group and Connecticut-based Wheelock Street Capital, in the lease negotiations. The name and representative of the tenant were not disclosed.

March 10, 2021

Illinois Leasing Activity Midwest Office

SOLVD Health to Relocate Headquarters from California to Chicago’s Lincoln Park

by Kristin Harlow March 9, 2021

CHICAGO — SOLVD Health, a life sciences company specializing in data-driven disease prevention, is relocating its corporate headquarters to Chicago from Carlsbad, Calif. The tech startup will occupy space in Sterling Bay’s 2430 N. Halsted, a life sciences research facility located in Lincoln Park. Additionally, SOLVD says it intends to expand future operations at Sterling Bay’s Lincoln Yards development along the Chicago River. SOLVD’s space at 2430 N. Halsted is meant to be temporary until the company moves to Lincoln Yards, according to Sterling Bay. SOLVD expects to begin corporate operations in Chicago while continuing to operate its manufacturing, research and development, and commercial lab facilities in Carlsbad. The company is currently in the process of commercializing two tests, one for opioid use disorder and one for colon cancer.

March 9, 2021

Industrial Leasing Activity Massachusetts Northeast

Homans Associates Signs 202,435 SF Industrial Lease in Wilmington, Massachusetts

by Taylor Williams March 9, 2021

WILMINGTON, MASS. — Homans Associates, a distributor of HVAC supplies and equipment, has signed a 202,435-square-foot industrial lease at 613 Main St. in Wilmington, a northern suburb of Boston. Tony Coskren, Ed Jarosz, Richard Ruggiero, Torin Taylor, Rick Schuhwerk, Brian Pinch, and Lizzie Kusbit of Newmark represented the landlord, a joint venture between The Seyon Group and Connecticut-based Wheelock Street Capital, in the lease negotiations. The representative of the tenant was not disclosed.

March 9, 2021

Industrial Leasing Activity Texas

Exegistics Government Solutions Signs 59,517 SF Industrial Lease Renewal in West Dallas

by Taylor Williams March 8, 2021

DALLAS — Exegistics Government Solutions, a third-party logistics firm, has signed a 59,517-square-foot industrial lease renewal at Turnpike Distribution Center 4, located at 2130 French Settlement Road in West Dallas. According to LoopNet Inc., the property spans 312,188 square feet on 11.5 acres. Sean Smith and Jade Scott of Whitebox Real Estate represented the tenant in the lease negotiations. Carter Crow of Younger Partners represented the undisclosed landlord.

March 8, 2021

Indiana Leasing Activity Midwest Restaurant Retail

Chicken Salad Chick Makes Debut in Central Indiana

by Kristin Harlow March 8, 2021

INDIANAPOLIS — Chicken Salad Chick is slated to open at Pyramid Place Shopping Center in Indianapolis on Tuesday, March 16. This is the first of four company-owned restaurants to open in central Indiana. Additional locations are scheduled to open in Fishers, Glendale and Greenwood. The Indianapolis restaurant will feature a drive-thru in addition to dine-in, carryout, delivery and curbside pickup options. In addition to its various chicken salad flavors, Chicken Salad Chick serves salads, sides and soups. The company was founded in Auburn, Ala. in 2008.

March 8, 2021

Iowa Leasing Activity Midwest Retail

Coach to Open at Outlets of Des Moines This Fall

by Kristin Harlow March 8, 2021

ALTOONA, IOWA — Coach will open an outlet store at the Outlets of Des Moines this fall. The retailer will offer both women’s and men’s apparel in addition to accessories, handbags and fragrances. Outlets of Des Moines is an open-air shopping destination located in Altoona. It is home to Polo Ralph Lauren, Nike Factory Store, Tommy Hilfiger, Under Armour Factory House, Eddie Bauer Outlet, American Eagle Outfitters and more. New England Development is the developer and owner for the 300,000-square-foot outlet mall, which opened in 2017.

March 8, 2021

Leasing Activity New York Northeast Office

Aegis Capital Corp. Signs 9,134 SF Office Lease in Melville, New York

by Taylor Williams March 8, 2021

MELVILLE, N.Y. — Investment banking firm Aegis Capital Corp. has signed a 9,134-square-foot office lease at 1305 Walt Whitman Road in Melville, located on Long Island. The three-story property was built in 1955. Joseph Lopresti of JLL represented Aegis Capital in the lease negotiations. Tim Parlante internally represented the landlord, The Feil Organization, which acquired the asset in 2015 and implemented a value-add program.

March 8, 2021

Illinois Industrial Leasing Activity Midwest

Radial Signs Lease Extension for 421,361 SF Distribution Center in Suburban Chicago

by Kristin Harlow March 5, 2021

ROMEOVILLE, ILL. — Radial Inc. has signed a long-term lease extension for its distribution center in Romeoville. The commerce technology and operations company occupies 421,361 square feet at 715 Theodore Court near I-55. Paul Diederich, Todd Lippman, Traci Payette and Stephanie Park of CBRE represented Radial in the lease. The landlord was undisclosed. Building improvements were negotiated as part of the lease transaction, according to Diederich.

March 5, 2021

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