SECAUCUS, N.J. — Burlington will open a store at Mill Creek at Harmon Meadow, a 306,000-square-foot retail power center in the New York City suburb of Secaucus. The center, which houses tenants such as Kohl’s, T.J. Maxx and Bob’s Discount Furniture, is part of the 200-acre Harmon Meadow mixed-use development. Burlington will occupy a space formerly leased to Sports Authority and has not yet established an opening date. Sidney Singer of Levin Management Corp. represented the landlord, New York Life Real Estate Investors, in the lease negotiations.
RENTON, WASH. — Denver-based EverWest Real Estate Partners has completed the $29.5 million acquisition and partial sale-leaseback of an industrial building located at 851 SW 34th St. in Renton, about 14 miles south of downtown Seattle. Alliance Packaging sold the property and executed a leaseback for a portion of the asset. Totaling 164,332 square feet, the property features 26-foot clear heights, dock-high and grade-level doors in a cross-dock configuration and 5,000 amps of heavy power. Alliance Packaging will continue to occupy 82,019 square feet of the property under a long-term lease agreement. The remaining 82,313 square feet, including 13,440 square feet of office space, is available for immediate lease. Ryan Madson provided in-house representation for EverWest, while Arie Salomon and Jeff Forsberg of NAI Puget Sound Properties represented Alliance Packaging in the transaction.
LOS ANGELES — Bolour Associates has acquired an industrial building located at 3333 W. Temple St. in Los Angeles. The $5.6 million sale-leaseback transaction includes a 10-year lease with Rentokil North America and future development opportunities. Situated at Highway 101 and Silver Lake Boulevard, the property includes 44,931 square feet of land and a 11,681-square-foot building, which is fully occupied by Rentokil North America under a 10-year lease. The tenant is a wholly owned subsidiary of United Kingdom-based FTSE 100 company Rentokil Initial. Jake Wagner of JLL represented the seller in the deal, while Adam Eisenberg provided in-house representation for the buyer.
NEW YORK CITY — Mother, a creative advertising agency with offices in London, Shanghai and South America, has signed a 61,000-square-foot office lease in the Gowanus area of Brooklyn for its new headquarters in New York City. The company signed a 15-year lease to occupy space at Roulston House, a redeveloped office building that originally served as a warehouse for Roulston, a grocery chain founded in the 1880s. Michael Schoen, Marc Schoen and Harrison Katzman of The Schoen Group, a division of New York City-based Savitt Partners, represented Mother in the lease negotiations. Joseph Hamway and Josh Sloan represented the landlord, ICP Realty, on an internal basis.
PORTLAND, MAINE — Locally based brokerage firm Cardente Real Estate has negotiated a 5,618-square-foot office lease at 11 Baxter Blvd. in Portland. Matthew Cardente of Cardente Real Estate represented the landlord, the William C. Rowell Family LP, in the lease negotiations. Derek Miller of The Boulos Company represented the tenant, behavioral healthcare provider LifeStance.
GARLAND, TEXAS — Continental Office Group, a wholesaler of new and used office furniture, has signed a 22,374-square-foot industrial lease renewal at Gateway East Business Center in the northeastern Dallas suburb of Garland. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented the landlord, Barings, in the lease negotiations. JLL represented the tenant.
HOUSTON — NAI Partners has negotiated an 11,900-square-foot industrial lease at 10425 Moers Road in south Houston. According to LoopNet Inc., the property was built in 1961 and consists of four buildings. Zane Carman and Clay Pritchett of NAI Partners represented the landlord in the lease negotiations. Barrett Gibson of Colliers International represented the tenant, Supreme Plant Services LLC, a provider of tank cleaning services.
EDINA, MINN. — Nerdery has signed a 65,000-square-foot office lease at 7700 France Ave. in Edina, just south of Minneapolis. Nerdery is a digital business consulting firm focused on product and service development. Jim Damiani, Ryan Bohrer, Andrew Commers and Maura Carland of Newmark Knight Frank (NKF) represented the tenant in the lease transaction. Bloomington, Minn.-based Frauenshuh owns the property. Nerdery is slated to relocate from Bloomington to its built-out space in Edina in September. Minneapolis-based Studio KKChong designed the new office, which features an internal staircase, reception area with coffee bar and a rooftop patio. Nerdery’s lease is the largest office lease year to date in the Minneapolis market, according to NKF.
AURORA, COLO. — Subaru of America has signed a long-term lease with Majestic Realty Co. for a 550,000-square-foot build-to-suit facility at Majestic Commercenter in Aurora. Located at the intersection of Interstate 70 and Tower Road, the master-planned park encompasses 1,600 acres. Subaru will relocate from a smaller existing location and expand into the new regional office, parts distribution and technical training center for its retail service technicians. Groundbreaking is scheduled for late 2020, with completion of Subaru’s full buildout and occupancy in late 2021. Constructed by Commerce Construction, Building 16 will feature 36-foot clear heights, 70-foot speed bays, 115 dock doors and signage fronting I-70. In addition to the Subaru development, Majestic Realty is developing a 32-acre retail complex at the park’s entrance. The retail component will offer space for up to 15 tenants, including at least one hotel. Earlier this year, Amazon signed a long-term lease agreement to occupy Building 15, a 702,000-square-foot facility, and Shamrock Foods purchased land at the park resulting in a 1.3 million-square-foot complex now under construction. Upon completion of these projects, Majestic Commercenter will feature more than 9 million square feet, valued at approximately $500 million.
PITTSBURGH — Dick’s Sporting Goods will open three new stores in the Northeast region this month. The Pittsburgh-based retailer will debut two new stores in Massachusetts, a 45,000-square-foot location at Cape Cod Mall in Hyannis and a 48,000-square-foot location at Westgate Mall in the Boston suburb of Brockton. Simon Property Group and New England Development are the respective owners of those malls. A third, 65,000-square-foot store will open at Macerich’s Deptford Mall, located just outside Philadelphia in New Jersey.