Leasing Activity

Charlie’s Pizza Signs 2,000 SF Retail Lease at Morrell Plaza in Philadelphia

by Alex Patton July 1, 2020

PHILADELPHIA — Charlie’s Pizza has signed a 2,000-square-foot retail lease at Morrell Plaza, a 103,000-square-foot shopping center that is located at the intersection of Frankford Avenue and State Route 13 in Philadelphia. A 63,000-square-foot ShopRite supermarket anchors the center. Other tenants include Northeast Cycle, Wingstop, Freedom Credit Union, Rite Aid, T-Mobile, Supercuts, Dunkin’ and Yamato Sushi & Hibachi. Sidney Singer of Levin Management Corp., which serves as the property’s exclusive leasing and managing agent, negotiated the lease on behalf of the landlord.

July 1, 2020

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Secures 198,854 SF Industrial Lease in Flower Mound, Texas

by Taylor Williams July 1, 2020

FLOWER MOUND, TEXAS — Lee & Associates has secured a 198,854-square-foot industrial lease at 1901 Lakeside Parkway in the northern Fort Worth suburb of Flower Mound for asset management and logistics firm TelTech Communications. Completed in 2019, the rear-load property features 32-foot clear heights, 180-foot truck courts and 38 trailer parking spaces. Tom Walrich of Lee & Associates represented the tenant in the lease negotiations. John Fulton and Brett Owens of Transwestern represented the landlord, Denver-based Black Creek Group.

July 1, 2020

Industrial Leasing Activity Texas

Boyd Commercial Negotiates 75,000 SF Industrial Lease Near Port Houston

by Taylor Williams July 1, 2020

LA PORTE, TEXAS — Boyd Commercial has negotiated a 75,000-square-foot industrial lease for Cottondale Wood Products, an Alabama-based supplier of wooden pallets for the petrochemical industry, in the southeastern Houston suburb of La Porte. The property is situated within two miles of Port Houston’s Barbour’s Cut Terminal. William Carpenter, Greg Barra and David Boyd of Boyd Commercial represented the tenant, which plans to take occupancy later this summer, in the lease negotiations. Jeff Everist of CBRE represented the landlord, Hines.

July 1, 2020

Leasing Activity Retail Texas

O’Reilly Auto Parts Signs 36,823 SF Retail Lease in Houston

by Taylor Williams July 1, 2020

HOUSTON — O’Reilly Auto Parts has signed a 36,823-square-foot retail lease at Mercado 6 Marketplace, a shopping center located at 7355 Highway 6 S. in Houston. Taki Dallis and Joaquin Orozco of RESOLUT Real Estate represented the undisclosed landlord in the lease negotiations. Ford Jones of Independence Commercial Real Estate represented the tenant.

July 1, 2020

Indiana Leasing Activity Midwest Office

Northwestern Mutual Leases 26,000 SF at Parkwood Crossing in Indianapolis

by Kristin Harlow June 30, 2020

INDIANAPOLIS — Northwestern Mutual has signed a 10-year office lease for 26,000 square feet at Parkwood Crossing in Indianapolis. The eight-building, 1.2 million-square-foot office park includes a 16,000-square-foot amenity center. It is located within the North Meridian/Carmel submarket of Indianapolis. Rubenstein Partners LP and Strategic Capital Partners LLC are the landlords and have owned the campus since 2016. Traci Kapsalis, Adam Broderick and Brittany Shuler of JLL handled the lease transaction on behalf of ownership. John Crisp of Cushman & Wakefield represented Northwestern Mutual, which is consolidating several downtown and suburban offices into its new space at Six Parkwood.

June 30, 2020

Leasing Activity Office Texas

DebtBlue Signs 30,291 SF Office Headquarters Lease in Metro Dallas

by Taylor Williams June 30, 2020

RICHARDSON, TEXAS — DebtBlue, a national debt service settlement firm, has signed a 30,291-square-foot office lease for its new headquarters at 1125 E. Campbell Road in the northeastern Dallas suburb of Richardson. The company is expanding and relocating from a 6,000-square-foot space in nearby Addison. Ryan Hoopes of Cushman & Wakefield represented the tenant in the lease negotiations. Clint Madison and John Fancher, also with Cushman & Wakefield, represented the landlord, Los Angeles-based Stanton Road Capital.

June 30, 2020

Connecticut Industrial Leasing Activity Northeast

Nuovo Pasta Productions Signs 35,492 SF Industrial Lease in Stratford, Connecticut

by Alex Patton June 29, 2020

STRATFORD, CONN. — Italian food supplier Nuovo Pasta Productions has signed a 35,492-square-foot industrial lease in Stratford. The space is located within a former food storage and distribution facility at 849 Honeyspot Road in Stratford Industrial Park, Nuovo Pasta signed a 10-year lease at the facility. Bruce Wettenstein of Vidal/Wettenstein represented Nuovo Pasta in the lease negotiations. George Shawah Jr. of Baldwin Pearson & Co. Inc. represented the undisclosed landlord.

June 29, 2020

Industrial Leasing Activity New York Northeast

Reports: Amazon Preleases 1 MSF Build-to-Suit Warehouse in Queens

by Alex Patton June 26, 2020

NEW YORK CITY — Amazon has preleased a 1-million-square-foot, build-to-suit industrial warehouse located at 55-15 Grand Ave. in Queens, according to reports from Business Insider and City Biz List. A joint venture between New York City-based developer RXR Realty and Los Angeles-based developer LBA Realty plans to demolish a former factory structure to construct a new build-to-suit facility for the Seattle-based e-commerce giant. The four-story facility will feature a rooftop parking structure that will house a fleet of Amazon’s delivery vehicles. The construction schedule was undisclosed.

June 26, 2020

Leasing Activity New Jersey Northeast Office

JLL Negotiates 68,000 SF Office Lease for WuXi Biologics in Cranbury, New Jersey

by Alex Patton June 26, 2020

CRANBURY, N.J. — JLL has negotiated a 68,000-square-foot office lease for WuXi Biologics, a Chinese medical technology development company, in Cranbury, a northeastern suburb of Trenton. The company has leased the entirety of a facility located at 7 Clarke Drive for 10 years. The building includes a research and development laboratory, biologics manufacturing space and office space. The facility was constructed in 1998 and is located within Cedar Brook Corporate Center, a 1.2 million-square-foot office and technology park. This is the third lease for the WuXi Biologics in the United States, along with a facility in Worcester, Massachusetts, and a 33,000-square-foot development laboratory in King of Prussia, Pennsylvania. Cedar Brook Corporate Center, the owner of the building, was represented internally. Robert Ryan and John Buckley of JLL represented WuXi Biologics in the lease negotiations.

June 26, 2020

Leasing Activity Northeast Pennsylvania

Iota Communications Signs 7,150 SF Office Headquarters Lease in Allentown, Pennsylvania

by Alex Patton June 25, 2020

ALLENTOWN, PA. — Iota Communications Inc., a provider of wireless communication and data analytics software, has signed a 7,150-square-foot office lease for its new headquarters in Allentown. Iota leased the entire 10th floor of Tower 6, a 145,000-square-foot, Class A office building located at 600 Hamilton St. The company plans to consolidate its current offices in Phoenix and New Hope, Pennsylvania, when state orders allow. Tower 6 is now fully leased, and other tenants include Bank of America, Talen Energy and ESSA Bank & Trust. City Center Investment Corp. owns the building.

June 25, 2020

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