Leasing Activity

Global Bank Signs 53,186 SF Office Lease Extension at Woodbridge Corporate Plaza in Iselin, New Jersey

by Taylor Williams January 22, 2020

ISELIN, N.J. — Global banking organization BNP Paribas has signed a 53,186-square-foot office lease extension at Woodbridge Corporate Plaza, a 630,000-square-foot office complex in the central New Jersey city of Iselin. Owner KBS recently renovated Woodbridge Corporate Plaza, a six-building development that offers a 6,000-square-foot fitness center, full-service café and shuttle service to nearby public transit lines. Jamie Drummond and Andrew Perotti of Newmark Knight Frank represented KBS in the lease negotiations.

January 22, 2020

Illinois Industrial Leasing Activity Midwest

Winslyn Industries Signs 50,651 SF Industrial Lease in Batavia, Illinois

by Kristin Harlow January 22, 2020

BATAVIA, ILL. — Winslyn Industries has signed a 50,651-square-foot industrial lease at 1850 Fabyan Parkway in Batavia, a western suburb of Chicago. The wholesaler of kitchen and bathroom products is expanding from a 32,000-square-foot facility in Bartlett. Winslyn’s new space is part of a 150,838-square-foot distribution center newly developed by Cratos Industrial Properties. Winslyn is scheduled to take occupancy this quarter. Jim Pietrarosso of Brown Commercial Group represented the tenant in the lease transaction. Kate Coxworth of Morken & Associates represented the developer.

January 22, 2020

Illinois Leasing Activity Midwest Office

Law Firm Leases 13,618 SF of Office Space in Chicago

by Kristin Harlow January 22, 2020

CHICAGO — Law firm Querrey & Harrow has leased 13,618 square feet of office space at 120 N. LaSalle St. in Chicago. The firm will occupy the entire 26th floor and will relocate from 175 W. Jackson when its lease commences in mid-2020. Originally built in 1991, the 390,000-square-foot Class A office tower features a six-story parking garage, two restaurants, a new fitness center, tenant lounge and rooftop deck. Ascentris, in partnership with Lincoln Property Co., owns the 40-story building. Jason Kleiman and Sean Murphy of Cresa represented Querrey & Harrow in the lease.

January 22, 2020

Illinois Industrial Leasing Activity Midwest

Consumer Packaged Goods Company Leases 144,614 SF of Industrial Space in Addison, Illinois

by Kristin Harlow January 21, 2020

ADDISON, ILL. — CPG.IO has leased 144,614 square feet of industrial space at 1150 N. Swift Road in Addison. The company, which helps brands grow their e-commerce operations, previously subleased 100,000 square feet at the facility before entering into the direct lease agreement. Kelly Disser and Michael Freitag of NAI Hiffman represented CPG.IO in the seven-year lease, which commences in May. Cushman & Wakefield represented Lincoln Property Co., which manages the property on behalf of a domestic pension fund. Lincoln will upgrade the warehouse with new LED lighting and heating units and make improvements to the office space. Built in 1998 on 15 acres, the property features a clear height of 30 feet, more than 40 loading docks, four drive-in doors and 200 car parking spaces.

January 21, 2020

Leasing Activity New Jersey Northeast Office

Serendipity Labs to Open 23,000 SF Coworking Office in Marlton, New Jersey

by Alex Patton January 21, 2020

MARLTON, N.J. — Flexible workspace provider Serendipity Labs will open a 23,000-square-foot coworking office space in Marlton, an eastern suburb of Philadelphia. The space will occupy the entire third floor at 50 Lake Center Executive Park, a 76,359-square-foot office building owned by Twenty Lake Holdings. The space is slated to open in the third quarter.

January 21, 2020

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 73,580 SF Industrial Lease in Dallas

by Taylor Williams January 21, 2020

DALLAS — Holt Lunsford Commercial has negotiated a 73,580-square-foot industrial lease at 5200 E. Grand Ave in Dallas. According to LoopNet Inc., the property was built in 1952. Canon Shoults and Josh Barnes of Holt Lunsford represented the landlord, Frontier Equity, in the lease negotiations. The tenant was Regent Aerospace Corp.

January 21, 2020

Industrial Leasing Activity Texas

Colliers Negotiates 349,050 SF Industrial Lease for Wholesome Sweeteners Near Houston

by Taylor Williams January 20, 2020

DEER PARK, TEXAS — Colliers International has negotiated a 349,050-square-foot industrial lease for organic food company Wholesome Sweeteners at Victory Commons Center in Deer Park, an eastern suburb of Houston. Victory Commerce Center features a cross-dock configuration, 32-foot clear heights, 185-foot truck court depths, 256 car parking spaces, an ESFR sprinkler system and an additional acre for storage or trailer parking. In addition, the property is located within 10 miles of Beltway 8, Interstate 10 and the Barbours Cut and Bayport Container terminals at Port Houston. Jon Lindenberger, Walter Menuet and Paul Dominique of Colliers represented the landlord, Crow Holdings Industrial, in the lease negotiations. Ryan Fuselier and Carl Mueller of JLL represented Wholesome Sweeteners.

January 20, 2020

Industrial Leasing Activity New York Northeast

City Harvest Signs 150,000 SF Industrial Lease for Food Rescue Facility in Brooklyn

by Alex Patton January 20, 2020

NEW YORK CITY — Nonprofit food rescue organization City Harvest has signed a 150,000-square-foot industrial lease at 150 52nd St. in Brooklyn that will house its new food rescue facility and administrative offices. The company is moving from its original facility in Long Island City after its old site was rezoned from industrial to residential. Rob Kossar, Paul Mas, Adam Citron and Ellen Herman of JLL represented City Harvest in the lease negotiations. Leslie Lanne of JLL represented the landlord, DH Property Holdings. which sold the building to Prologis following the execution of the lease.

January 20, 2020

Healthcare Leasing Activity Texas

Healthcare Practice Signs 19,764 SF Lease Renewal, Expansion in Conroe, Texas

by Taylor Williams January 20, 2020

CONROE, TEXAS — Conroe WillIs Family Medicine has signed a 19,764-square-foot healthcare lease renewal and expansion at League Line Medical Office Building, a 59,222-square-foot property located about 40 miles north of Houston. The practice renewed its 15,055-square-foot lease and took on an additional 4,709 square feet. Sarah Carter of Transwestern represented the landlord, Diversified Healthcare Trust, in the lease negotiations.

January 20, 2020

Leasing Activity Northeast Office Pennsylvania

NAI Mertz Opens 1,650 SF Office in Feasterville-Trevose, Pennsylvania

by Alex Patton January 20, 2020

FEASTERVILLE-TREVOSE, PA. — Commercial brokerage firm NAI Mertz has opened a 1,650-square-foot office in Feasterville-Trevose, a southwestern suburb of Trenton. The company relocated its southeastern Pennsylvania office to 210 E. Street Road. The property is situated within the Village Suites at Lower Southampton Village, a 123,000-square-foot retail shopping center. Other tenants include Panera Bread, Cold Stone Creamery and Pier 1 Imports.

January 20, 2020

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