Leasing Activity

Conor Commercial Negotiates 316,550 SF Industrial Lease with Amazon in Chicago

by Kristin Harlow July 17, 2020

CHICAGO — Conor Commercial Real Estate has negotiated a 316,550-square-foot industrial lease with an e-commerce retailer for the entirety of its Last Mile Logistics Center I-55 in Chicago’s Gage Park. The tenant is Amazon, according to Crain’s Chicago Business. The facility is located at the corner of 51st Street and St. Louis Avenue. The tenant plans to use the building as a last-mile distribution facility, serving residents in Chicago and the surrounding areas. Positioned on 19.5 acres, the project features 55 truck dock positions, four drive-in doors and 74 trailer stalls. Larry Goldwasser, Colin Green, Matthew Cowie and Jason West of Cushman & Wakefield represented Conor in the lease transaction. Last Mile Logistics Center I-55 provides direct access to more than 5.2 million people within a 30-minute drive, according to Conor.

July 17, 2020

Industrial Leasing Activity Midwest Wisconsin

Bell Ambulance Signs 25,000 SF Industrial Lease in Milwaukee

by Kristin Harlow July 16, 2020

MILWAUKEE — Bell Ambulance Inc. has signed a 10-year, 25,000-square-foot industrial lease at 2842 S. 5th Court in Milwaukee. Bell will primarily use the space as a central location for the servicing of its fleet of vehicles, as well as office and storage use. The company, which began operations in 1973 with three ambulances in one location, has grown to over 65 ambulances in multiple locations. David Ferron of Cushman & Wakefield | Boerke negotiated the lease, which fills the remaining vacancy at the 48,862-square-foot property. ATWU LLC is the landlord. Mercy Hill Church is the other tenant.

July 16, 2020

Industrial Leasing Activity Texas

Engineering, Logistics Firm Signs 185,344 SF Industrial Lease Near Fort Worth

by Taylor Williams July 16, 2020

FLOWER MOUND, TEXAS — Engineering and logistics firm Communication Test Design Inc. (CTDI) has signed a 185,344-square-foot industrial lease at Lakeside Ranch 1001 in the northern Fort Worth suburb of Flower Mound. The deal brings the 634,564-square-foot building to full occupancy. Ken Wesson of Lee & Associates and John Morrissey of Jackson Cross represented the tenant in the lease negotiations. Matt Hyman handled negotiations internally for the landlord, Duke Realty, with JLL’s Craig Jones, Tom McCarthy and Fred Ragsdale serving as listing agents for the property.

July 16, 2020

Leasing Activity Office Texas

Tax Software Provider Ryan Signs 66,750 SF Office Lease in Uptown Houston

by Taylor Williams July 16, 2020

HOUSTON — Ryan LLC, a Dallas-based provider of tax services and software, has signed a lease to relocate its Houston office to a 66,750-square-foot space at Park Towers in Houston’s Uptown/Galleria neighborhood. The property consists of two 18-story buildings totaling 545,242 square feet. Doug Little, David Baker, Kelli Gault and Jack Scharnberg of Transwestern represented the landlord, Regent Properties, in the lease negotiations. The representative of the tenant was not disclosed.

July 16, 2020

Acquisitions Florida Industrial Leasing Activity Southeast

Commercial Partners Realty Negotiates Sale-Leaseback of 94,000 SF Industrial Property in Metro Tampa

by Alex Tostado July 14, 2020

PINELLAS PARK, FLA. — Commercial Partners Realty has negotiated the sale-leaseback of a 94,000-square-foot industrial building in Pinellas Park. Woodhill Real Estate LLC acquired the asset for $6 million. The seller and tenant, Nautical Structures, specializes in manufacturing, designing, distributing and engineering yachting equipment. The property spans five acres and is situated at 7301 114th Ave., 20 miles west of downtown Tampa. Scott Clendening of Commercial Partners Realty represented the seller in the transaction.

July 14, 2020

Leasing Activity Office Texas

Global Finance Firm Signs 250,000 SF Office Lease at 600 Travis Street in Downtown Houston

by Taylor Williams July 14, 2020

HOUSTON — An undisclosed global financial services firm has signed a 250,000-square-foot office lease at 600 Travis Street, a 1.7 million-square-foot building in downtown Houston that is also known as the JPMorgan Chase Building. The 75-story property, which is the tallest building in the city, will soon be renovated to upgrade its lobby, exterior plaza, collaborative workspace and conference center. Michael Anderson, Diana Bridger and Margaret Elkins of Cushman & Wakefield, along with Chanse McLeod of law firm Hunton Andrews Kurth LLP represented the landlord, a partnership between Hines and Cerberus Capital Management, in the lease negotiations.

July 14, 2020

Leasing Activity Office Texas

SkyWalker Property Partners Expands, Relocates DFW Office Headquarters

by Taylor Williams July 14, 2020

GRAND PRAIRIE, TEXAS — Locally based investment firm SkyWalker Property Partners has expanded and relocated its metroplex office headquarters to Brookhollow Riverside, a 119,314-square-foot building in Grand Prairie that the company originally purchased in 2006. SkyWalker relocated from Arlington, where it has operated for the past 12 years, and has since added three full-time professionals to its team.

July 14, 2020

Leasing Activity Office Texas

Poynter Commercial Negotiates 20,270 SF Office Lease in Houston

by Taylor Williams July 14, 2020

HOUSTON — Poynter Commercial Properties Group has negotiated a 20,270-square-foot office lease expansion at 11700 Katy Freeway in Houston. The 14-story property spans 325,000 square feet. Kevin Poynter and Peyton Poynter of Poynter Commercial represented the landlord, an affiliate of ATCAP Partners, in the lease negotiations. David Bale and Don Foster of JLL represented the tenant, human resource consulting firm Robert Half International.

July 14, 2020

Illinois Leasing Activity Midwest Restaurant Retail

Chicken Salad Chick Opens at Levee District in East Peoria, Illinois

by Kristin Harlow July 14, 2020

EAST PEORIA, ILL. — Chicken Salad Chick has opened today at The Levee District in East Peoria. The restaurant, which specializes in homemade chicken salad, occupies 2,718 square feet between Jersey Mike’s Subs and Xfinity. The first 100 guests on opening day will receive one large serving of chicken salad per month for an entire year. The restaurant will open at limited capacity with social distancing measures in place for COVID-19. This will be the farthest north restaurant of Chicken Salad Chick’s 157 locations. Chicken Salad Chick currently operates in 17 states and is rapidly expanding with both franchise and company locations. Owned and managed by Cullinan Properties Ltd., The Levee District encompasses 650,000 square feet of retail and restaurant space, as well as office, hotel and civic components.

July 14, 2020

Industrial Leasing Activity Texas

Energy Firm Signs 11,375 SF Industrial Lease in Metro Houston

by Taylor Williams July 13, 2020

TOMBALL, TEXAS — MSP Drilex Inc., a technology and service provider for the oil and gas industry, has signed an 11,375-square-foot industrial lease at 21227 Hufsmith-Kohrville Road in the northern Houston suburb of Tomball. According to LoopNet Inc., the property was built in 2015 on 1.1 acres and includes 2,700 square feet of office space. Mike Spears and Patrick Wolford of Lee & Associates represented the landlord, Epic International, in the lease negotiations. Payton Indermuehle with Keen Realty Group LLC represented the tenant.

July 13, 2020

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