Leasing Activity

PG&E to Move to Oakland, Sell San Francisco Headquarters

by John Nelson June 9, 2020

SAN FRANCISCO AND OAKLAND, CALIF. — PG&E Corp. (NYSE: PCG), parent company of West Coast utilities company Pacific Gas and Electric Co., has entered into a long-term lease at 300 Lakeside, a 824,469-square-foot office building situated along Lake Merritt in Oakland. Starting in 2022, the publicly traded firm will move away from its longtime downtown San Francisco headquarters at 77 Beale St. and 245 Market St. The company plans to sell the buildings, pending approval of the bankruptcy court. PG&E entered into bankruptcy protection in January 2019 that included a $13.5 billion settlement for approximately 70,000 victims of the Northern California wildfires in 2017 and 2018, according to the San Francisco Business Times. The company’s power lines were reported to have sparked the fires. PG&E plans to request approval from the California Public Utilities Commission to return the net gain realized upon the future sale of its San Francisco headquarters to its customers. The company currently owns and occupies roughly 1 million square feet of office space in San Francisco, according to the San Francisco Business Times. PG&E’s lease in Oakland includes a purchase option from landlord TMG Partners taking effect in 2023, the same year that PG&E plans to …

June 9, 2020

Florida Leasing Activity Office Southeast

Software Firm Chetu Opens 21,000 SF Office Headquarters in South Florida

by Alex Tostado June 8, 2020

PLANTATION, FLA. — Chetu, a provider of custom software solutions, has opened its new office headquarters in Plantation. Chetu will occupy the top floor of a three-story building located at 1248 N. University Drive, nine miles west of downtown Fort Lauderdale. As the anchor tenant, the company will occupy 21,000 of the building’s 63,600 square feet. The office building features a reception area, multiple conference rooms, a community dining area and break lounges.

June 8, 2020

Industrial Leasing Activity Texas

CKS Packaging Signs 50,560 SF Industrial Lease in Northwest Dallas

by Taylor Williams June 8, 2020

DALLAS — CKS Packaging Inc., a national manufacturer of plastic containers, has signed a 50,560-square-foot industrial lease at 2829 Merrell Road in northwest Dallas. Ryan Boozer and Lena Pierce of Stream Realty Partners represented the tenant, which will occupy the entirety of the building, in the lease negotiations. The landlord is Gillis Thomas LP.

June 8, 2020

Industrial Leasing Activity Texas

NKF Negotiates 28,892 SF Industrial Lease at Dallas Corporate Center

by Taylor Williams June 8, 2020

DALLAS — Newmark Knight Frank (NKF) has negotiated a 28,892-square-foot industrial lease at Dallas Corporate Center Building 2. According to LoopNet Inc., the property was built in 1996 and spans 115,567 square feet. Cole Collins and Gary Lindsey of NKF represented the tenant, an affiliate of printing ink manufacturer Flint Group, in the lease negotiations. The landlord, Prologis, was represented internally.

June 8, 2020

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Secures 15,000 SF Industrial Lease for Scaffolding Company in Houston

by Taylor Williams June 8, 2020

HOUSTON — Lee & Associates has secured a 15,000-square-foot industrial lease at 5825 Kelley St. in northeast Houston for BrandSafway Solutions LLC, a provider of scaffolding systems. According to LoopNet Inc., the single-tenant property was built in 2008. Taylor Schmidt and Reed Vestal of Lee & Associates represented the tenant in the lease negotiations. David Munson of Boyd Commercial represented the landlord, Audie Gray Family LP.

June 8, 2020

Illinois Industrial Leasing Activity Midwest

Johnstone Supply Leases 41,000 SF Industrial Building in Chicago

by Kristin Harlow June 8, 2020

CHICAGO — Johnstone Supply has leased an entire industrial building located at 4150 N. Knox Ave. in Chicago. Dayton Street Partners completed development of the 41,000-square-foot property in late 2017. The facility features a clear height of 30 feet, six docks, four drive-in doors and parking for 55 cars. Matt Cowie, Larry Goldwasser, Colin Green and John Marks of Cushman & Wakefield represented Dayton Street in the lease. Brendan Green of Colliers International represented Johnstone, which is a Portland, Ore.-based wholesale distributor of HVAC equipment and supplies. Johnstone will use the building as a showroom and distribution hub.

June 8, 2020

Connecticut Industrial Leasing Activity Northeast

Bio-Med Devices Signs 6,500 SF Industrial Lease in Guilford, Connecticut

by Alex Patton June 5, 2020

GUILFORD, CONN. — Medical engineering service Bio-Med Devices has signed a 6,500-square-foot industrial lease in Guilford, an eastern suburb of New Haven. Located at 1 Shoreline Drive, the 72,000-square-foot building features a clear height of 24 feet and was constructed in 2000. The property offers convenient access to State Route 1 and the Connecticut Turnpike, and Bio-Med’s headquarters and primary manufacturing facility is within two blocks of the facility. Bio-Med Devices manufactures personal protective equipment (PPE), including ventilators. Bill Clark, also of The Geenty Group, represented the landlord, Russo Real Estate LLC.

June 5, 2020

Leasing Activity Office Texas

Holt Lunsford Negotiates 29,571 SF Office Lease in Fort Worth

by Taylor Williams June 5, 2020

FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 29,571-square-foot office lease at Overton Centre in Fort Worth. Matt Carthey and Jake Neal of Holt Lunsford represented the landlord, FLDR/TLC Overton Centre LP, in the lease negotiations. Matt Heidelbaugh and Jim Smith of Cushman & Wakefield represented the tenant. Overton Centre is a two-building, 417,000-square-foot development located near Interstate 20 and Chisholm Trail Parkway.

June 5, 2020

Illinois Industrial Leasing Activity Midwest

MidAmerica Printing Systems Signs 30,550 SF Industrial Lease in Schiller Park, Illinois

by Kristin Harlow June 5, 2020

SCHILLER PARK, ILL. — MidAmerica Printing Systems Inc. has signed a 30,550-square-foot industrial lease at 3838 River Road in Schiller Park near the Chicago O’Hare International Airport. The facility totals 65,082 square feet and sits on 3.5 acres. It features four interior docks, three drive-in doors and 30 trailer stalls. The printing company will move from 1716 W. Grand Ave. in Chicago once the lease commences in July. Tom Rodeno and Matthew Stauber of Colliers International represented the landlord, Brennan Investment Group. The remainder of the building is available for lease.

June 5, 2020

Leasing Activity New Jersey Northeast Office

Japan Tobacco International USA Signs 18,500 SF Office Lease Renewal in Teaneck, New Jersey

by Alex Patton June 4, 2020

TEANECK, N.J. — Japan Tobacco International USA (JTI) has signed an 18,500-square-foot office lease renewal in Teaneck, a northwestern suburb of New York City. The space is located at 500 Frank W. Burr Blvd. within the 50-acre Glenpointe office complex. The complex offers 670,000 square feet of Class A office space, a 26,000-square-foot fitness center and 700 guest rooms across three onsite hotels. The tenant has leased its space for 11 years. Greg Barkan of CBRE represented JTI in the lease negotiations. Jerry Barta represented the landlord, Alfred Sanzari Enterprises, on an internal basis.

June 4, 2020

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