Leasing Activity

Gene Editing Firm Signs 263,500 SF Life Sciences Lease in Boston’s Seaport District

by Taylor Williams July 28, 2020

BOSTON — Gene editing firm CRISPR Therapeutics has signed a 263,500-square-foot life sciences lease at The 105, a new development in Boston’s Seaport District by Breakthrough Properties. Construction of The 105 began earlier this year and is expected to be complete in early 2022. Cushman & Wakefield represented the tenant in the lease negotiations. Newmark Knight Frank represented Breakthrough Properties, which was launched in 2019 by New York City-based Tishman Speyer and biotech investment firm Bellco Capital. Gene editing refers to technologies that give scientists the ability to change an organism’s DNA.

July 28, 2020

Illinois Industrial Leasing Activity Midwest

Midwest Custom Case Leases 239,700 SF Warehouse in Monee, Illinois

by Kristin Harlow July 28, 2020

MONEE, ILL. — Midwest Custom Case Inc. has leased a 239,700-square-foot warehouse at 25975 Cleveland Ave. in Monee, about 40 miles south of Chicago. The designer and manufacturer of store fixture products will relocate from 425 Crossing Drive in University Park once the lease commences this fall. The facility features a clear height of 30 feet, 25 docks, four drive-in doors and 5,265 square feet of office space. Jim Estus and Matthew Stauber of Colliers International represented the tenant. The landlord was undisclosed.

July 28, 2020

Industrial Leasing Activity Midwest Missouri

Avison Young Negotiates 124,952 SF Industrial Lease for Elite Printing & Packaging in Suburban St. Louis

by Kristin Harlow July 28, 2020

HAZELWOOD, MO. — Avison Young has negotiated a 124,952-square-foot industrial lease on behalf of Elite Printing & Packaging at Hazelwood TradePort in Hazelwood, about 20 miles northwest of St. Louis. Elite outgrew its former space in Wentzville. Timothy Convy and Brian Kelley of Avison Young represented Elite in the lease at Hazelwood TradePort, which is owned by NorthPoint Development. The long-term lease is for space at 1601 TradePort Drive.

July 28, 2020

Florida Leasing Activity Restaurant Retail Southeast Southeast Feature Archive Video Webinar

Webinar: South Florida Retail Outlook: What is the Impact of COVID-19 on South Florida’s Retail Sector?

by Sarah Daniels July 27, 2020

(Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Last week, Shopping Center Business and Southeast Real Estate Business hosted “South Florida Retail Outlook: What is the Impact of COVID-19 on South Florida’s Retail Sector?” Listen as a panel of retail experts discusses their gameplans: working with tenants and their employees as the industry seeks to adapt. Hear about attitudes towards loans, rent reductions, property value, next steps and more. See a list of some topics covered and their timestamps below: (07:00): How are restaurants and experiential tenants faring? (09:29) Adapting for the challenges of COVID-19 (17:28) South Florida retail rent trends over the next 180 days? (24:32) What can owners do today to position themselves to succeed? (36:00) When might we start to see real loan defaults and real distressed assets? (42:55) Lessons learned from 2007-2008 financial crisis (53:56) Decisions made in the pre-COVID-19 world that have carried over well into our current environment Hear how South Florida retail professionals are approaching industry challenges and evolving to meet the needs of retailers. Panelists: Philip Rosen, Becker (moderator) Adam Tiktin, …

July 27, 2020

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 21,255 SF Industrial Lease in Plano

by Taylor Williams July 27, 2020

PLANO, TEXAS — Lee & Associates has negotiated a 21,255-square-foot industrial lease at 1701 Summit Ave. in Plano. According to LoopNet Inc., the property was built in 1986 and spans 63,706 square feet. Brett Lewis and George Tanghongs of Lee & Associates represented the landlord, Boston-based Cabot Properties, in the lease negotiations. Jimmy Pham of Concept Commercial Realty represented the tenant, AB Moving.

July 27, 2020

Leasing Activity Maine Northeast Office

BerryDunn Signs 87,906 SF Lease for New Office Headquarters in Portland, Maine

by Taylor Williams July 27, 2020

PORTLAND, MAINE — Accounting and consulting firm BerryDunn has signed an 87,906-square-foot office lease for its new headquarters at 2211 Congress Street in Portland. The company will relocate from 100 Middle Street, where it has operated for the last 30 years, beginning in early 2021. Chris Paszyc and Jessica Estes of The Boulos Company represented BerryDunn in the site selection and lease negotiations. Drew Sigfridson, Craig Young and Jon Rizzo of Boulos worked with Tim Stewart of Cushman & Wakefield to represent the landlord, insurance provider Unum. The building is set to undergo a capital improvement program that will include the build-out of a fitness center and micro-market.

July 27, 2020

Leasing Activity Office Southeast Virginia

Family Insight PC Signs 9,926 SF Office Lease in Richmond

by Alex Tostado July 27, 2020

RICHMOND, VA. — Family Insight PC, an organization that helps treat mental health and substance use disorders, has signed a 9,926-square-foot lease within One Paragon Place in Richmond. The building is located at 6800 Paragon Place, eight miles northwest of downtown Richmond. The landlord is Map Ground Lease Owner LLC. John Jay Schwartz of The Man with Square Feet represented the tenant in the transaction.

July 27, 2020

Industrial Kansas Leasing Activity Midwest

Propak Corp. Subleases 156,401 SF of Industrial Space Near Kansas City

by Kristin Harlow July 27, 2020

EDGERTON, KAN. — Propak Corp. has subleased 156,401 square feet of industrial space from Triumph Structures in Edgerton, which is located in Johnson County and south of Kansas City. The Class A facility is located at 31800 W. 196th St. within Logistics Park Kansas City. Propak is a provider of logistics, transportation and supply chain management solutions. Mark Long, John Hassler and Michael Maloney of Newmark Grubb Zimmer negotiated the sublease. Bob Pielsticker and Joseph Orscheln of CBRE assisted in lease negotiations.

July 27, 2020

Industrial Leasing Activity Midwest Ohio

LSI Industries Relocates to 46,60 SF Industrial Facility in Akron, Ohio

by Kristin Harlow July 27, 2020

AKRON, OHIO — LSI Industries has relocated from North Canton to a 46,360-square-foot industrial facility in Akron. LSI, a producer of lighting solutions, purchased the property from developer Industrial Commercial Properties (ICP). The facility is located at 5127 Boyer Parkway. Tim Breckner of Colliers International represented LSI in the sale. ICP worked closely with LSI to coordinate a tenant buildout.

July 27, 2020

Georgia Industrial Leasing Activity Lee & Associates Southeast

Lee & Associates Arranges Two Industrial Leases Totaling 259,262 SF Near Atlanta Airport

by Alex Tostado July 24, 2020

ATLANTA — Lee & Associates has arranged two industrial leases totaling 259,262 square feet in Atlanta. The property, situated at 4099 Old Dixie Highway, is situated two miles west of Hartsfield-Jackson Atlanta International Airport. The landlord, Meniscus Group, acquired the property in 2016 as a value-add purchase. The company completed renovations in 2019, which included installing a new roof and ESFR sprinklers. Mike Sutter and Billy Snowden of Lee & Associates represented the landlord in both lease transactions. Travis Stanaway of Kidder Matthews represented Yita LLC and John Gosnell of Foundry Commercial represented JW Fulfillment Inc. in their leases at 4099 Old Dixie Highway. Yita is a Seattle-based auto parts dealer and JW Fulfillment is a truck rental company.

July 24, 2020

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