Leasing Activity

Sonova Signs 63,647 SF Office Lease in Aurora, Illinois

by Kristin Harlow April 15, 2020

AURORA, ILL. — Sonova, a provider of hearing care solutions, has signed a 63,647-square-foot office lease at 750 North Commons Drive in Aurora. Stanton Road Capital owns the 205,000-square-foot, two-building property, which is flexible for both office and industrial users. Stanton purchased the property in 2018 and is currently implementing a repositioning plan with modern amenities. It is currently 85 percent leased. Francis Prock, Dave Florent and Brian Kling of Colliers brokered the lease transaction. In mid-June, Sonova will consolidate three of its existing operations — two from Illinois and one from Minnesota — at the new location.

April 15, 2020

Leasing Activity Midwest Office Wisconsin

North Shore Healthcare Inks 23,000 SF Lease in Milwaukee

by Kristin Harlow April 15, 2020

MILWAUKEE — North Shore Healthcare (NSHC) has signed a 10-year office lease at HUB640, a redeveloped mixed-use building located at 640 N. 4th St. in Milwaukee. NSHC will occupy approximately 23,000 square feet on the building’s second floor. The move will enable NSHC to consolidate its fast-growing workforce. Dan Jessup and Nick Hepner of JLL represented the landlord, North Wells Capital LLC, in the lease transaction. Colliers International represented NSHC. North Wells Capital acquired the building in 2017 and has embarked on a major transformation of the property, which dates back to the late 1800s. The project is set to open late this spring.

April 15, 2020

Industrial Leasing Activity Office Texas

Dayton Superior Signs 51,101 SF Office/Warehouse Lease Renewal in Fort Worth

by Taylor Williams April 14, 2020

FORT WORTH, TEXAS — Dayton Superior Corp., an Ohio-based supplier of construction materials, has signed a lease renewal at 15124 Grand River Road in Fort Worth. The company will continue to occupy 51,101 square feet of office and warehouse space. Brian Gilchrist and Steve Koldyke of CBRE represented Dayton Superior in the lease negotiations. Michael Spain of Bradford Real Estate Services represented the landlord, SCG River Park Business Center LP.

April 14, 2020

Healthcare Leasing Activity New Jersey Northeast

Premier Dermatology Signs 5,214 SF Medical Office Lease in Haddon Heights, New Jersey

by Alex Patton April 14, 2020

HADDON HEIGHTS, N.J. — Premier Dermatology has signed a 5,214-square-foot medical office lease in Haddon Heights, a southeastern suburb of Philadelphia. Located at 500 Grove St., the 31,800-square-foot building was completed in 1975 and offers quick access to Interstate 295. Other tenants include clinical diagnostic company LabCorp, nonprofit healthcare company Virtua and American Water Co. Mike Scanzano of Wolf Commercial Real Estate (WCRE) represented Premier Dermatology in the lease negotiations. Ryan Barikian, also with WCRE, represented the landlord, 500 Grove Associates LLC.

April 14, 2020

Leasing Activity New York Northeast Office

Avison Young: Office Leasing Slows in Manhattan Amid COVID-19

by Alex Patton April 13, 2020

NEW YORK CITY — Office leasing in Manhattan has slowed amid the global COVID-19 pandemic, according to a first-quarter 2020 office leasing report by Toronto-based brokerage firm Avison Young. According to the report, Manhattan saw approximately 7 million square feet of new leasing activity in the first quarter of the year, down from 8.4 million year-over-year. The firm reported that leasing volume was down more than 39 percent by the end of March, compared to March 2019. Additionally, eight office construction projects larger than 150,000 square feet have been halted as nonessential construction, and completion dates for those projects have been pushed back indefinitely. Several of those projects, including SL Green’s 1.6 million-square-foot One Vanderbilt in Midtown, have sizable prelease commitments from tenants including TD Bank and law firm Greenberg Traurig.

April 13, 2020

Leasing Activity Office Texas

Worth & Associates Negotiates 42,227 SF Office Lease in San Antonio

by Taylor Williams April 13, 2020

SAN ANTONIO — Locally based developer Worth & Associates has negotiated a 42,227-square-foot office lease at its Austin Highway Business Center to Goodwill San Antonio Business Services. Goodwill will use the space to expand its call center operations. Jeff Miller and Meredith Sheeder of JLL represented Goodwill, which took occupancy in late March, in the lease negotiations.

April 13, 2020

Leasing Activity Retail Texas

Security National Bank of Texas to Open 4,146 SF Branch at The Union Dallas

by Taylor Williams April 13, 2020

DALLAS — Security National Bank of Texas will open a 4,146-square-foot branch at 2300 N. Field St. to become the exclusive banking center of The Union Dallas, a mixed-use destination by RED Development. Services will include personal, business and private banking, treasury management, trust services, investment management and mortgages. The opening is slated for some time this spring.

April 13, 2020

Industrial Leasing Activity Texas

Lone Star Wire & Rope Signs 26,010 SF Industrial Lease at Parc Air 59 in Metro Houston

by Taylor Williams April 10, 2020

HUMBLE, TEXAS — Wholesale distributor Lone Star Wire Rope Inc. has signed a lease at Parc Air 59, a 320,000-square-foot industrial development by Jackson-Shaw located in the northern Houston suburb of Humble. The company will occupy 26,010 square feet at Building 2, bringing the park’s overall occupancy rate to 70 percent. Beau Kaleel and Allison Bergman of Cushman & Wakefield represented Jackson-Shaw in the lease negotiations.

April 10, 2020

Illinois Industrial Leasing Activity Midwest

Entre Commercial Realty Negotiates 12,000 SF Industrial Lease for Dealer Profit Solutions in Arlington Heights

by Kristin Harlow April 10, 2020

ARLINGTON HEIGHTS, ILL. — Entre Commercial Realty has negotiated a 12,000-square-foot industrial lease on behalf of Dealer Profit Solutions Inc. in Arlington Heights. The automotive consulting company will relocate from nearby Wheeling to occupy the space at 855 W. University Drive. The building features a clear height of 18 feet, one interior dock and one drive-in door. Brian Bocci of Entre represented the tenant. Tom Boucher of PSI Commercial represented the undisclosed landlord.

April 10, 2020

Illinois Leasing Activity Midwest Office

Trifecta Transport Signs 4,300 SF Office Lease in Lombard, Illinois

by Kristin Harlow April 10, 2020

LOMBARD, ILL. — Trifecta Transport LLC has signed a 4,300-square-foot office lease in Lombard. The transportation logistics company will occupy the space at 300-350 E. 22nd St. on a 7.5-year lease. The company is relocating from Glen Ellyn. Ryan Moen and John Millner of Bradford Allen represented the undisclosed landlord. Aubrey Van Recken-Englund of NAI Hiffman represented the tenant.

April 10, 2020

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