Leasing Activity

First National Bank to Anchor Pittsburgh Mixed-Use Development With 160,000 SF Headquarters

by Alex Patton December 16, 2019

PITTSBURGH — The parent company of First National Bank (FNB) has signed a 160,000-square-foot office lease to open its corporate headquarters at the upcoming FNB Financial Center development in downtown Pittsburgh. The development will feature a 24-story tower with 387,000 square feet of Class A office space, 20,000 square feet of retail space and a two-story parking structure. The FNB headquarters will anchor the tower and its technology branch will occupy 2,000 square feet of retail space. The tower will be situated on the site of the former Civic Arena, home of the Pittsburgh Penguins hockey team, which will comprise multiple structures and over 1 million square feet of office, residential, retail and green space. Buccini/Pollin Group and the Penguins are co-developers of the mixed-use development, which is slated for completion in 2022.

December 16, 2019

Connecticut Leasing Activity Northeast Office

British Beverage Company Signs 40,000 SF Office Lease in Stamford, Connecticut

by Alex Patton December 16, 2019

STAMFORD, CONN. — British alcoholic beverage provider Diageo has signed a 40,000-square-foot office lease in Stamford. Diageo produces more than 200 alcoholic beverage brands, including Crown Royal whiskey, Smirnoff vodka, Captain Morgan rum, Bailey’s Irish liqueur, Don Julio tequila and Guinness stout. The new office, located at 200 Elm St., will house research and development teams as well as finance, human resources and supply services. Building and Land Technology is the landlord of the property. Earlier this year, the company signed an 87,000-square-foot lease for its new North American corporate office at 3 World Trade Center in Manhattan. Diageo plans to take occupancy of both spaces in early 2020.

December 16, 2019

Illinois Leasing Activity Midwest Retail

Mattress Liquidators Opens at Former Bergner’s Department Store in Pekin, Illinois

by Kristin Harlow December 13, 2019

PEKIN, ILL. — Mattress Liquidators has relocated to a former Bergner’s department store at East Court Village in Pekin within central Illinois. The mattress store, previously located at 3518 Court St. within the shopping center, has moved to the former Bergner’s space at 3536 Court St. Mattress Liquidators now occupies the entire 82,100-square-foot space and opened its doors on Thursday, Dec. 12. Mattress Liquidators offers name-brand mattresses at significant discounts by purchasing overstocks and year-end models. The East Court Village store will also sell furniture and major appliances. The store is open Thursday through Sunday each week. Cullinan Properties Ltd. owns and manages East Court Village.

December 13, 2019

Development Florida Leasing Activity Retail Southeast

Chick-fil-A, Old Navy to Join $425M River Landing Project in Miami

by Alex Tostado December 12, 2019

MIAMI — UrbanX Group has inked new lease agreements with fast casual restaurant Chick-fil-A and clothing retailer Old Navy to occupy a total of 19,000 square feet along the Miami River. The tenants will join River Landing Shops & Residences, the 8.1-acre mixed-use development currently under construction. Chick-fil-A and Old Navy are both scheduled to open in spring 2020 and join already signed tenants Publix, Burlington, T.J. Maxx, Ross Dress for Less, GNC, Chase Bank, AT&T and Hobby Lobby. The $425 million River Landing in the Mid River district, west of downtown Miami, is scheduled to open in early 2020. UrbanX Group’s Andrew Hellinger and Coralee Penabad are River Landing’s lead developers. The project will consist of approximately 345,000 square feet of retail space, 135,000 square feet of office, 528 apartments, more than 2,000 parking spaces, a 25,500-square-foot restaurant row and a landscaped riverwalk.

December 12, 2019

Leasing Activity New York Northeast Office

Chegg Signs 24,205 SF Office Lease at 31 Penn Plaza in Manhattan

by Alex Patton December 12, 2019

NEW YORK CITY — Education technology company Chegg has signed a 24,205-square-foot office lease at 31 Penn Plaza, an 18-story building in Manhattan. The company is relocating its New York office from 10 East 39th St. to the entire 12th floor of 31 Penn Plaza. The property is located close to 10 subway lines as well as major transportation hubs including Pennsylvania Station, Grand Central Terminal and Port Authority. Scott Brown of Newmark Knight Frank represented Chegg in the lease negotiations. Mitchell Konsker, Matthew Astrachan and Kyle Young of JLL represented the landlord, Vanbarton Group.

December 12, 2019

Connecticut Leasing Activity Mixed-Use Northeast Office

Sema4 Signs 70,000 SF Office Lease at Harbor Landing Development in Stamford, Connecticut

by Alex Patton December 11, 2019

STAMFORD, CONN. — Sema4, a medical research and diagnostic company, has signed a 70,000-square-foot office lease in the Harbor Landing mixed-use development in Stamford. The company will relocate from its current space at 333 Ludlow St. in Stamford’s Harbor Point district to the new office and lab space in 2020. Located at 62 Southfield Ave., Harbor Landing is a waterfront development offering 200,000 square feet of Class A office space, 218 multifamily units, multiple restaurants and direct access to a full-service boatyard and boardwalk. Building & Land Technology is the developer and landlord of Harbor Landing.

December 11, 2019

Leasing Activity Massachusetts Northeast Office

Robotics Firm Renews 60,000 SF Office Headquarters Lease in Wilmington, Massachusetts

by Alex Patton December 11, 2019

WILMINGTON, MASS.— Robotics company Symbotic has renewed its 60,000-square-foot office headquarters lease in Wilmington, a northern suburb of Boston. Located at 200 Research Drive, the property accommodates office, lab, research and light manufacturing and warehouse users. Mike Ripp of CBRE represented Symbotic in the lease negotiations. Matt Adams, Torin Taylor, Richard Ruggiero and Rory Walsh of Newmark Knight Frank represented the landlord, Novaya Real Estate Ventures. Symbotic develops robotics and software to improve supply chain management for manufacturers, distributors and retailers

December 11, 2019

Industrial Leasing Activity Texas

FedEx Ground Packaging Signs 110,880 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams December 11, 2019

FORT WORTH, TEXAS — FedEx Ground Packaging has signed a 110,880-square-foot industrial lease renewal at Crossroads 35/20, a distribution center in Fort Worth. According to the property website, Crossroads 35/20 spans 615,000 square feet and features 32-foot clear heights, 190-foot truck court depths, 35 trailer parking stalls and an ESFR sprinkler system. Donnie Rohde and Thomas Grafton of Holt Lunsford Commercial represented the landlord, Sealy Oak Grove LLC, in the lease negotiations.

December 11, 2019

Illinois Industrial Leasing Activity Midwest

First Logistics Signs 108,343 SF Lease Expansion at Marina Crossings in Chicago

by Kristin Harlow December 11, 2019

CHICAGO — First Logistics, an Illinois-based third-party logistics company, has signed a 108,343-square-foot lease expansion at Marina Crossings in Chicago. The company now occupies 439,754 square feet of the 633,059-square-foot facility. Completed in the fourth quarter of 2018 and located at 2075 W. 43rd St., Marina Crossings is the city of Chicago’s largest speculative industrial building since 1905, according to Cushman & Wakefield. Larry Goldwasser, Jason West, Colin Green, Matt Cowie and Michelle Maguire of Cushman & Wakefield represented the landlord in the lease negotiations. Marina Crossings Owner LLC, a joint venture between MAT LP and institutional investors advised by JP Morgan Asset Management owns the property.

December 11, 2019

Industrial Leasing Activity Texas

Tosca Services Signs 152,000 SF Industrial Lease in Metro Dallas

by Taylor Williams December 10, 2019

GARLAND, TEXAS — Tosca Services LLC, a provider of reusable plastic containers, has signed a 152,000-square-foot industrial lease at Gateway East Business Center in Garland, a northeastern suburb of Dallas. Ryan Wolcott and Matt Dornak of Stream Realty Partners represented the landlord, Barings, in the lease negotiations. Louis Pascuzzi of Newmark Knight Frank represented the tenant.

December 10, 2019

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