HOUSTON — BeFitNow Canada Inc., a wholesaler of exercise machines, has signed a 17,646-square-foot industrial lease in North Houston. The space is located within Vantage Parkway Business Park, which according to LoopNet Inc. consists of 10 buildings on a 15-acre site. Jason Gibbons, Chase Tucker and Tyler Holt of local brokerage firm Finial Group represented the undisclosed landlord in the lease negotiations. The tenant representative was not disclosed.
Leasing Activity
HOUSTON — Spirit Halloween will open a 12,000-square-foot store at The Shops at Stone Park, a 250,000-square-foot regional power center in East Houston. The New Jersey-based seasonal retailer is backfilling a junior anchor space that was previously occupied by Party City, bringing the 23-acre development to almost full occupancy. The lease expires in mid-November. Nina Kuhn-Irwin represented the landlord, NewQuest, in the lease negotiations on an internal basis.
NEW YORK CITY — Biotechnology firm Cresilon has signed a 55,000-square-foot life sciences lease expansion at Industry City in Brooklyn’s Sunset Park area. Cresilon, which focuses on hemostatic technologies that improve wound care, is effectively doubling its headquarters footprint at the 6 million-square-foot mixed-use development via a 10-year deal. Josh Pernice of CBRE represented the tenant in the lease negotiations. Jeff Fein internally represented the landlord, a partnership between Belvedere Capital, Jamestown and Angelo Gordon.
NEW YORK CITY — CBRE has negotiated a 15,000-square-foot office lease expansion at 299 Park Avenue in Midtown Manhattan. The tenant, investment advisory firm One William Street Capital Management, now occupies about 45,000 square feet at the 1.2 million-square-foot building. Scott Gottlieb, Andrew Sussman, Ben Friedman and Lewis Gottlieb of CBRE represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Andy Sachs and Eric Cagner of Newmark, along with internal agents Marc Packman and Clark Briffel, represented the landlord, Fisher Brothers.
PLANO, TEXAS — Bradford Commercial Real Estate Services has arranged a 17,861-square-foot office lease at One Legacy Circle, located northeast of Dallas in Plano. The 214,110-square-foot building, which recently underwent capital improvements, is now fully leased. Jared Laake of Bradford represented the landlord, an out-of-state partnership managed by local investment firm Gildenson Real Estate, in the lease negotiations. Michael Griffin of Transwestern represented the tenant, mortgage services company ServiceLink of Texas, which plans to relocate in October.
AUSTIN, TEXAS — TORA, a Japanese culinary concept centered on sushi and founded by restaurateur Seigo Nakamura, will open a new restaurant at EastVillage, a 425-acre mixed-use development in northeast Austin. The menu will also feature seasonal omakase selections, premium sake and modern Japanese small plates. The opening is scheduled for December. Buffalo-based Reger Holdings owns EastVillage.
NEW YORK CITY — Foster Garvey PC has signed a 10-year, 11,445-square-foot office lease at One Seaport Plaza in Lower Manhattan. The law firm will relocate from 100 Wall Steet to the ninth floor of the 1.1 million-square-foot building, which is located at 199 Water St., beginning this fall. Nicholas Farmakis and Steve London of Savills represented Foster Garvey in the lease negotiations. John Cefaly, Ethan Silverstein, Stephen Bellwood and Rachel Rosenfeld of Cushman & Wakefield, along with internal agents Brett Greenberg and Adam Rappaport, represented the landlord, Jack Resnick & Sons.
RICHARDSON, TEXAS — Telecommunications giant AT&T Inc. (NYSE: T) has signed a 186,000-square-foot lease at The Tower at Lakeside, an office building located within the 807,354-square-foot Lakeside Campus in Richardson. The transaction marks the largest new lease signed in Richardson in seven years and one of the largest leases signed in metro Dallas year-to-date, according to Newmark, which negotiated the deal. Specifically, Nathan Durham of Newmark represented the landlord, Provident Realty Advisors, in the lease transaction. Troy McDonald of CBRE and Lawrence Gardner of OMS Strategic Advisors LLC represented AT&T. Provident acquired Lakeside Campus last fall, a deal in which Newmark was also involved. AT&T, which is headquartered in Dallas, will occupy seven floors of the 16-story, 412,000-square-foot building located at 2221 Lakeside Blvd. The new space will consolidate multiple regional locations for AT&T and is expected to triple the company’s current workforce in Richardson — from approximately 400 to nearly 1,400. The Tower at Lakeside features a full-service café, high-end fitness center and a modern tenant lounge and lobby. Lakeside Campus is situated along North Central Expressway (U.S. Highway 75), near the University of Texas at Dallas and corporate campuses of State Farm, Blue Cross Blue Shield, Raytheon and Texas …
SRS Real Estate Negotiates $38M Sale of Office Building in Jacksonville Leased to Deutsche Bank
by Abby Cox
JACKSONVILLE, FLA. — SRS Real Estate Partners has negotiated the $38 million sale of a 150,000-square-foot office building located at 5201 Gate Parkway in Jacksonville. Deutsche Bank fully occupies the property on a long-term, corporate-guaranteed lease. Built in 2006, the three-story building sits on 13 acres. Jeff Gates of SRS Capital Markets’ San Francisco office represented the seller, a New York-based institutional investor, in the transaction. The buyer was AJC Partners LLC, a private family office based in Michigan and New York City.
DALLAS — Willow Bridge Property Co. has signed a 39,238-square-foot office lease in the Dallas Arts District. The multifamily investment and management firm will occupy the entire 12th floor of One Arts Plaza, a 24-story building that was completed in 2007. Both Willow Bridge and the landlord, Billingsley Co., were self-represented. The deal brings the building to 92 percent occupancy.