Leasing Activity

Heritage Auctions Relocates Dallas Headquarters to New 160,000 SF Campus

by Taylor Williams June 4, 2020

DALLAS — Dallas-based Heritage Auctions, the country’s largest fine art and collectibles auction house, has relocated its headquarters from 3500 Maple Ave. in the Oak Lawn area to a new, 160,000-square-foot campus at 2801 W. Airport Freeway. The new headquarters is roughly twice the size of its old one and allows the company’s three Dallas offices to be consolidated under one roof. About 450 people will work at the new, single-story complex, which spans the length of three football fields and features an 8,000-square-foot gallery showroom. Nora Hogan, Robert Deptula and Jordan Wade of Transwestern represented Heritage Auctions in the site selection and lease negotiations. Mark Hayes of HPI Real Estate Services & Investments represented the landlord, Bandera Ventures.

June 4, 2020

Indiana Leasing Activity Midwest Office

Summit Reinsurance Services Renews 6,970 SF Office Lease in Fort Wayne, Indiana

by Kristin Harlow June 4, 2020

FORT WAYNE, IND. — Summit Reinsurance Services has renewed its 6,970-square-foot office lease at 7030 Pointe Inverness Way in Fort Wayne. Brady Gardner of Sturges Property Group represented the tenant as well as the landlord, Fort Wayne Portfolio Corp. Summit is a managing general underwriter and reinsurance advisor working with health insurers, managed care organizations and self-funded employers.

June 4, 2020

Leasing Activity Northeast Office Pennsylvania

CBRE Negotiates 32,500 SF Office, Lab Prelease at One uCity Square in Philadelphia

by Alex Patton June 3, 2020

PHILADELPHIA — CBRE has negotiated a 32,500-square-foot office and lab prelease for biotechnology company Century Therapeutics in Philadelphia’s University City district. The space is located at One uCity Square, a 400,000-square-foot mixed-use development currently under construction and that will feature Class A office, lab and retail space. The project is slated for completion in early 2022. Bob Zwengler, Matthew Knowles and Anthony Pell led a CBRE team that represented Century Therapeutics in the lease negotiations. A joint venture between University City Science Center, Wexford Science & Technology LLC and Ventas Inc. owns the property.

June 3, 2020

Leasing Activity Michigan Midwest Retail

Pet Supplies Plus to Open at Former Pier 1 Imports Store in Western Michigan

by Kristin Harlow June 3, 2020

HOLLAND, MICH. — Pet Supplies Plus will open at a former Pier 1 Imports store in Holland in western Michigan. The 9,000-square-foot space is located at Tolson Enterprise’s North Park Plaza shopping center, which is home to Walmart and Sam’s Club. Larry Siedell and Tjader Gerdom of Gerdom Realty & Investment, along with Bialow Real Estate, represented Pet Supplies Plus in the new lease.

June 3, 2020

Healthcare Leasing Activity New York Northeast Office

HSS Opens 15,000 SF Medical Center at Hudson Yards in Manhattan

by Alex Patton June 2, 2020

NEW YORK CITY — Hospital for Special Surgery (HSS) has opened a new 15,000-square-foot outpatient medical center at the Hudson Yards mixed-use development in Manhattan. The space is located within 31 Hudson Yards, a 72-story building that also houses the Equinox Hotel and an Equinox fitness club. The facility will be staffed by physicians and surgeons specializing in hand and upper extremity, spine, joint replacement and pain management. Related Cos. is the developer and owner of Hudson Yards.

June 2, 2020

Leasing Activity New York Northeast Office

Cushman & Wakefield Negotiates 7,400 SF Office Lease in Manhattan

by Alex Patton June 2, 2020

NEW YORK CITY — Cushman & Wakefield has negotiated a 7,400-square-foot office lease for Australian pension fund AustralianSuper in the Plaza District of Manhattan. AustralianSuper leased the entire 20th floor of 527 Madison Avenue, an approximately 240,000-square-foot office building that was constructed in 1986. Jim Frederick and Gordon Hough of Cushman & Wakefield represented the landlord, Mitsui Fudosan America Inc., in the lease negotiations. Paul Amrich, Neil King and Georgina Cook of CBRE represented AustralianSuper.

June 2, 2020

Acquisitions Industrial Leasing Activity Southeast Tennessee

Brennan Investment Group Executes Sale-Leaseback of 90,250 SF Industrial Building Near Nashville

by Alex Tostado June 2, 2020

GALLATIN, TENN. — Brennan Investment Group has acquired and executed a 90,250-square-foot sale-leaseback of an industrial building fully leased to Bennett Tool & Die, a contract tooling and metal stamping supplier. The building is located at 1550 Airport Road in Gallatin, 33 miles northeast of downtown Nashville. The facility serves as Bennett Tool & Die’s corporate headquarters and primary manufacturing facility. The sales price and terms of the new lease were not disclosed.

June 2, 2020

Industrial Leasing Activity Texas

U.S. Auto Parts Network to Open 210,000 SF Distribution Center in Grand Prairie, Create 150 Jobs

by Taylor Williams June 2, 2020

GRAND PRAIRIE, TEXAS — U.S. Auto Parts Network Inc., (NASDAQ: PRTS), an online provider of automotive aftermarket parts and accessories and owner of carparts.com, will open a 210,000-square-foot distribution center in the metroplex city of Grand Prairie. The California-based company expects to begin operations in late 2020 and to create at least 150 jobs and $10 million in economic impact during its first 18 months. The facility will also include a “will call” window where local residents who have ordered online can pick up their parts onsite.

June 2, 2020

Industrial Leasing Activity Northeast Pennsylvania

MillPress Imports Signs 10,000 SF Industrial Lease in Bethlehem, Pennsylvania

by Alex Patton June 1, 2020

BETHLEHEM, PA. — MillPress Imports, a supplier of extra virgin olive oil, has signed a 10,000-square-foot industrial lease in Bethlehem, an eastern suburb of Allentown. The space is located within 2198 Industrial Drive, a 101,508-square-foot Class B industrial property constructed in 1982. The tenant is headquartered at a nearby building also owned by the same landlord and will use the new space for overflow storage. Other tenants include Cooper Electric, PolyOne Corp. and IDI Distributors.

June 1, 2020

Leasing Activity New York Northeast Office

Cushman & Wakefield Negotiates 7,263 SF Office Lease in Manhattan

by Alex Patton June 1, 2020

NEW YORK CITY — Cushman & Wakefield has negotiated a 7,263-square-foot office lease for portfolio management firm Axium Infrastructure Inc. in the Plaza District of Manhattan. Axium leased the entire 21st floor of 527 Madison Avenue, an approximately 240,000-square-foot office building. The 26-story building was constructed in 1986. Jim Frederick and Gordon Hough of Cushman & Wakefield represented the landlord, Mitsui Fudosan America Inc., in the lease negotiations. CBRE represented Axium.

June 1, 2020

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