THE WOODLANDS, TEXAS — NAI Partners has negotiated a 25,288-square-foot life sciences lease for biotechnology firm Lexicon Pharmaceuticals at 2445 Technology Forest Blvd. in The Woodlands, about 30 miles north of Houston. Dan Boyles and Jon Silberman of NAI Partners represented the tenant in the lease negotiations. The duo also recently arranged the sale of Lexicon Pharmaceuticals’ former headquarters building in The Woodlands.
Leasing Activity
IRVING, TEXAS — American Honda Finance Corp., the leasing and financing solutions arm of the Japanese automaker, has signed a 23,142-square-foot office lease expansion at the 500,000-square-foot Royal Ridge complex in Irving. Timothy Vaughan of CBRE represented the tenant in the lease negotiations. John Brownlee and Michael Williams of JLL represented the landlord, Florida-based Accesso. Honda’s total footprint at Royal Ridge now encompasses nearly 100,000 square feet.
LANSDALE, PA. — Newmark has negotiated a 128,000-square-foot industrial lease at 1180 Church Road in Lansdale, about 30 miles north of Philadelphia. According to LoopNet Inc., the property spans 452,323 square feet, sits on 37.2 acres and features clear heights of 20 to 24 feet. Justin Bell of Newmark represented the tenant, logistics firm Hughes Relocation Services, in the lease negotiations. Velocity Venture Partners owns the building.
PITTSBURGH — GRB Law, a Pittsburgh-based firm, has signed a 17,160-square-foot office lease for its new headquarters at 525 William Penn Place. The firm has operated out of the historic Frick Building as one of its original tenants dating back to the early 20th century. GRB Law plans to take occupancy of its new space in the fourth quarter. Dan Adamski and Reid Mauro of JLL represented the firm in its site selection and lease negotiations.
ATLANTA — Publix will occupy a 42,514-square-foot store for the second phase of The Interlock, a mixed-use development underway at the intersection of Ethel Street and Northside Drive in Atlanta’s West Midtown district. Demolition for the site will begin in May, and vertical construction will start in the fall of 2022. S.J. Collins Enterprises is the landlord. Phase I of The Interlock is a nine-acre, mixed-use property located at 1115 Howell Mill Road N.W. The development includes 200,000 square feet of office space; 105,000 square feet of retail and restaurant space; 349 apartments and 18 townhomes; 70 single-family homes; and the 161-room Bellyard, a Tribute Portfolio Hotel. Phase I leasing opportunities still include approximately 87,000 square feet of office space and 30,000 square feet of retail and restaurant space. Phase II includes an additional 4.5 acres that will include another 40,000 square feet for retail space, 186,000 square feet of office space, student housing serving students of nearby Georgia Tech and the Publix grocery store. The various components of The Interlock are connected to each other via a one-acre public park. Phase II is currently being designed by Dynamik Design. Puttshack is debuting at The Interlock next week and Bellyard, …
FORT WORTH, TEXAS — Flannery Trim, a manufacturer of aluminum and drywall products for residential and commercial buildings, has signed a 39,405-square-foot industrial lease in Fort Worth. The tenant will relocate its corporate headquarters from California to the 87,640-square-foot Building A within Carter Industrial Park. Nick Talley of Bradford Commercial Real Estate Services represented Flannery Trim in its site selection and lease negotiations. Scott Moore, Bob Scully and Brice Wells of CBRE represented the undisclosed landlord.
EDISON, N.J. — CBRE has negotiated a 346,858-square-foot industrial lease for international logistics firm JW Fulfillment Inc. in the Northern New Jersey city of Edison. The 699,000-square-foot facility at 300 Cedar Lane sits on 50 acres and features 40-foot clear heights, 123 loading docks, 161 trailer parking spaces and 389 car parking spaces. Bill Waxman, Mindy Lissner and Chris Griffith, along with Jimo Liu of Realmart Realty, represented the tenant in its site selection and lease negotiations. Chuck Fern of Cushman & Wakefield represented the landlord.
BEDFORD PARK, ILL. — Garage Door Supplies has subleased 30,000 square feet of industrial space at 6558 W. 73rd St. in Bedford Park, a southwest suburb of Chicago. The 35,000-square-foot building features a clear height of 23 feet, five exterior dock doors and 300 car parking spaces. Jeffrey Provenza and Rollo Dace of Darwin Realty/CORFAC International represented Garage Door Supplies, which manufactures and distributes garage doors and related parts. William Strey of Cushman & Wakefield represented the sublandlord, Jerich USA. The sublease is for 18 months.
CORSICANA, TEXAS — NAI Robert Lynn has negotiated an 87,235-square-foot retail lease at 3301 Corsicana Crossing Blvd. in Corsicana, about 60 miles south of Dallas. Matt Elliott and Tom Heraty of NAI Robert Lynn represented the undisclosed landlord in the lease negotiations. John Jinks of Formation Real Estate LLC represented the tenant, Fun Town RV.
HOUSTON — Commando Pressure Control Inc., a provider of pressure solutions for the hydraulic fracturing industry, has signed a 14,100-square-foot industrial lease renewal within Four Seasons Business Park in northwest Houston. Jack Gaffney and John Buckley of Houston-based Finial Group represented the undisclosed landlord in the lease negotiations. The representative of the tenant was not disclosed.