Leasing Activity

CBRE Negotiates 585,910 SF Industrial Lease in Irving

by Taylor Williams April 22, 2020

IRVING, TEXAS — CBRE has negotiated a 585,910-square-foot industrial lease at 2650 Rental Car Drive in Irving. According to LoopNet Inc., construction of the 710,000-square-foot property was completed this year, and building features include 36-foot clear heights, 126 loading docks, 236 car parking spaces and 68 trailer parking spaces. Steve Trese and Steve Koldyke of CBRE represented the landlord, an affiliate of Trammell Crow Co., in the lease negotiations. The representative of the tenant, Sealy Mattress, was not disclosed.

April 22, 2020

Healthcare Leasing Activity Texas

University of St. Thomas Signs 20,000 SF Medical Office Lease Near Houston

by Taylor Williams April 22, 2020

SHENANDOAH, TEXAS — The University of St. Thomas, a private Catholic college in Houston, has signed a medical office lease in the northern Houston suburb of Shenandoah. The tenant will occupy 20,000 square feet at 121 Vision Park Boulevard, a 58,000-square-foot medical office building that was completed in mid-2019, to support its nursing program. Beth Young of Colliers International represented the university in the lease negotiations. Lisa Hughes and Pamela Sprouse of The J. Beard Real Estate Co. represented the landlord, a partnership between Everson Developments and VP2 Partners.

April 22, 2020

Indiana Industrial Leasing Activity Midwest

American Residential Services Signs 20,439 SF Industrial Lease in Metro Indianapolis

by Kristin Harlow April 22, 2020

PLAINFIELD, IND. — American Residential Services (ARS) has signed a 20,439-square-foot industrial lease at Gateway Business Park in Plainfield near Indianapolis. The Memphis-based plumbing and HVAC company will occupy the space at 853 Columbia Road. The 104,400-square-foot building, developed in 2004, was the first phase of HSA Commercial Real Estate’s Gateway Business Park. The 55-acre park now includes six buildings totaling about 900,000 square feet. Terry Busch and Jared Scaringe of CBRE, along with Christine Muszynski of HSA, represented ownership in the lease transaction.

April 22, 2020

Florida Leasing Activity Retail Southeast

Bromley Signs Joffrey’s Coffee to Lease within Midtown Tampa Mixed-Use Development

by Alex Tostado April 21, 2020

TAMPA, FLA. — Bromley Cos. has signed Joffrey’s Coffee & Tea Co. to a 1,500-square-foot lease within Midtown Tampa. The coffeehouse, which has been headquartered in Tampa since 1984, will open the flagship location near Midtown Commons, a central greenspace within the mixed-use project. Joffrey’s will serve a wide variety of coffee and tea beverage options including espresso, lattes, cold brew, nitro cold brew, ready-to-drink offerings, as well as premium iced and hot teas. Additionally, customers will be able to “create” latte art from pre-selected images, selfies and uploaded designs of their choosing with a Ripple machine. Bromley Cos. is developing Midtown Tampa, a planned $500 million mixed-use development. The Whole Foods Market-anchored project is 75 percent preleased and is expected to open in early 2021, which is slightly ahead of schedule even in the midst of the COVID-19 crisis.

April 21, 2020

Leasing Activity New Jersey Northeast Office

NAI James Hanson Negotiates 1,880 SF Office Lease Renewal in Livingston, New Jersey

by Alex Patton April 21, 2020

LIVINGSTON, N.J. — NAI James Hanson has negotiated a 1,880-square-foot office lease renewal for legal practice The Durkin Firm in Livingston, a western suburb of New York City. The space is located at 345 Eisenhower Parkway, a 157,500-square-foot office building that offers a café, fitness center, lounge and conference facility. Joshua Levering of NAI James Hanson represented The Durkin Firm in the lease negotiations. Eastman Management is the landlord.

April 21, 2020

Illinois Industrial Leasing Activity Midwest

Flint Group Renews 31,000 SF Industrial Lease in Romeoville, Illinois

by Kristin Harlow April 21, 2020

ROMEOVILLE, ILL. — Flint Group has renewed its 31,000-square-foot industrial lease at 1225 Lakeside Drive in Romeoville. Flint Group is a worldwide supplier to the printing and packaging industry. It operates more than 140 facilities and employs approximately 6,800 workers. Corey Chase of Newmark Knight Frank represented Flint in the lease transaction. George Cibula of Darwin Realty/CORFAC International represented ownership. As part of the new lease, a tenant improvement package will enable Flint to update its space.

April 21, 2020

Leasing Activity New Jersey Northeast Office

Keller Williams Renews 5,396 SF Office Lease in Princeton, New Jersey

by Alex Patton April 20, 2020

PRINCETON, N.J. — Keller Williams Princeton has renewed its 5,396-square-foot office lease at 100 Canal Pointe Boulevard, a 65,592-square-foot office building in Princeton. The Class A property was constructed in 1987. Kevin Coleman of Wolf Commercial Real Estate represented Keller Williams in the lease negotiations. Canal Pointe LLC is the landlord. Broker representation for the landlord was undisclosed.

April 20, 2020

Connecticut Leasing Activity Northeast Retail

AutoZone Signs 7,500 SF Retail Lease in Branford, Connecticut

by Alex Patton April 20, 2020

BRANFORD, CONN. — AutoZone has signed a 7,500-square-foot retail lease in Branford, an eastern suburb of New Haven. The auto parts retailer will be the principle tenant of the 9,331-square-foot building, which is located at 854 W. Main St., Route 1. Kevin Daly of Sullivan Hayes Northeast represented AutoZone in the lease negotiations. Ron Lyman of Lyman Real Estate represented the landlord, LA-IN-USA LLC.

April 20, 2020

Leasing Activity Office Texas

Butler Animal Health Supply Renews 120,000 SF Industrial Lease in Fort Worth

by Taylor Williams April 20, 2020

FORT WORTH, TEXAS — Butler Animal Health Supply LLC, a provider of veterinarian supplies and medications, has renewed its 120,000-square-foot industrial lease at 14800 FAA Blvd. in Fort Worth. According to LoopNet Inc., the property spans 198,871 square feet across 10.9 acres. Bob Acuff of Colliers International represented the tenant in the lease negotiations. The landlord is ML Realty Partners.

April 20, 2020

Leasing Activity Office Texas

Digital Matrix Systems Signs 22,500 SF Office Lease to Relocate Headquarters to Plano

by Taylor Williams April 20, 2020

PLANO, TEXAS — Digital Matrix Systems (DMS), an international provider of risk management solutions, has signed a 22,500-square-foot office lease at Preston Park Towers West in Plano for its new headquarters. The company is relocating from nearby Addison. Mike Cleary, Mike Kay and Campbell Puckett of CBRE represented DMS in its site selection and lease negotiations. Campbell Henry and Chris Axley with Lincoln Property Co. represented the landlord, TerraCap Mangement.

April 20, 2020

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