Leasing Activity

3300-3390-Horseless-Carriage-Dr-Norco-CA

Goli Nutrition Leases 422,432 SF of Industrial Space in Norco, California

by Amy Works May 11, 2020

NORCO, CALIF. — Goli Nutrition, a vitamin manufacturer, has inked a deal to occupy 422,432 square feet of industrial space spread across four industrial buildings located at 3300-3390 Horseless Carriage Drive in Norco, approximately 45 miles east of Los Angeles. Goli Nutrition plans to use the multi-building campus, located within Saddle Business Center, to expand its operations, including its distribution efforts. The landlord is CapRock Partners. Jeff Ruscigno of Lee & Associates Riverside, Calif., along with Paul Earnhart, Ryan Earnhart and Brian Pharriss of Lee & Associates Ontario, Calif., represented both the landlord and the tenant in the transaction.

May 11, 2020

Davies Pacific Center Office Building Honolulu

Hawaii Leasing Activity Office Western

Swinerton Builders Signs Office Lease at Davies Pacific Center in Honolulu

by Amy Works May 11, 2020

HONOLULU — Swinerton Builders has signed a 91-month lease to occupy office space at Davies Pacific Center, a 23-story office tower located at 841 Bishop St. in Honolulu. The lease is valued at $3.2 million. The Hawaii-based contractor will relocate its local headquarters to a 12,000-square-foot space on the office tower’s fifth floor. Swinerton provides commercial construction and construction management services throughout the United States. Built in 1972 and renovated in 2006, Davies Pacific Center features 375,742 square feet of commercial office and retail space. San Diego-based Parallel Capital Partners, in partnership with Honolulu-based The Shidler Group, took over asset management of the property last year and has completed nearly $4 million in elevator modernizations and speculative suite upgrades. Additionally, another $1 million in renovations, including lobby improvements, is currently underway. Keenan J.S. Sue of JLL brokered the deal.

May 11, 2020

Georgia Leasing Activity Restaurant Retail Southeast Video Webinar

Webinar: Atlanta Retail Reboot

by Sarah Daniels May 11, 2020

On May 8, Southeast Real Estate Business and Shopping Center Business magazines hosted “Atlanta Retail Reboot,” a webinar where experts from the Atlanta investment, retail and brokerage communities were invited to discuss what they are seeing in the retail market, the impact of the coronavirus on existing properties and on new developments, as well as what retail and restaurants will look like in the near and long term. Many retailers have been closed for weeks due to COVID-19, and the retail industry is facing a tough comeback. Listen to learn what leaders in the metro Atlanta retail real estate community are expecting for the rest of 2020. Shopping Center Business editor Randall Shearin moderates a candid discussion on what to look forward to in terms of recovery for the Atlanta’s retail owners and tenants. Webinar sponsor: Retail Specialists, a full-service, retail-centric real estate company with a focus on the Southeast and beyond. Their services include leasing and brokerage, retailer representation, property management and development. Panelists: Emil Gullia, Retail Specialists Kyle Stonis, SRS Tom McCarty, Jim ‘N Nick’s Jeff Garrison, S.J. Collins Enterprises Bill Brown of Halpern Enterprises Click here to access the complimentary webinar recording. Hear what experts in the …

May 11, 2020

Leasing Activity Office Southeast Virginia

Colliers Negotiates 38,400 SF Office Lease for City of Richmond

by Alex Tostado May 8, 2020

RICHMOND, VA. — Colliers International has negotiated a 38,400-square-foot office lease for the City of Richmond to relocate its Office of the General Registrar. The property is situated at 2134 W. Laburnum Ave., five miles northwest from downtown Richmond. The office is adjacent to where Interstates 195 and 64 merge. The previous office is located at 900 E. Broad St. in downtown Richmond. Harrison Hall and Will Bradley of Colliers represented the landlord, DAR Enterprises LLC, in the transaction.

May 8, 2020

Connecticut Industrial Leasing Activity Northeast

NKF Negotiates 26,600 SF Office, Industrial Lease in Trumbull, Connecticut

by Alex Patton May 8, 2020

TRUMBULL, CONN. — Newmark Knight Frank (NKF) has arranged a 26,600-square-foot office lease for Power Home Remodeling Group in Trumbull, a western suburb of New Haven. The space is located at 60 Commerce Drive, within a 67,000-square-foot building that houses a three-story office building and an adjacent warehouse with a 30-foot ceiling height. Tim Rorick, Torey Walsh and Jack McDermott of NKF represented the owners, CH Commerce Drive Associates LLC and City Park Commerce Drive LLC, in the transaction. Jay Hruska and Brian Scruton of Cushman & Wakefield represented the tenant.

May 8, 2020

Leasing Activity Retail Texas Video Webinar

Webinar: Texas Retail Reboot

by Sarah Daniels May 8, 2020

On May 7, Texas Real Estate Business and Shopping Center Business magazines hosted “Texas Retail Reboot,” a webinar taking an in-depth look at what the Texas retail real estate community needs as the state reopens after statewide shutdowns due to COVID-19. The coronavirus pandemic isn’t over, but Texas is adjusting to a new normal, including figuring out what retail will look like going forward. What will the future of Texas retail look like? Find out what industry experts have to say about these topics and more: How will Texas retailers adapt after COVID-19? What do they need to do to ensure customer and staff safety? What is the financial impact of changed traffic patterns? What do retailers need to succeed? How will landlords and retail property owners support tenants and customers affected by the coronavirus? What can they do to ensure the success of their tenants and their properties? What do Texas brokers need to know about the retail landscape? How will rents and property values be impacted? What are the predictions for retail vacancy rates in the coming year? Webinar sponsor: Hart Advisors Group, a commercial real estate advisory firm founded in 2009 that has completed over $5 billion in …

May 8, 2020

Industrial Leasing Activity Texas

Electronics Supplier Signs 49,072 SF Industrial Lease in Fort Worth

by Taylor Williams May 8, 2020

FORT WORTH, TEXAS — Mastertronics Inc., a global supplier of computers and consumer electronics, has signed a 49,072-square-foot industrial lease at Northern Crossing Business Park in Fort Worth. George Jennings, Hogan Harrison, and Matt Carthey with Holt Lunsford Commercial represented the landlord, Windsor at Northern Crossing, in the lease negotiations. Nick Karanges with Woodcrest Capital represented the tenant.

May 8, 2020

Leasing Activity Office Texas

NKF Negotiates 35,471 SF Office Lease in Irving

by Taylor Williams May 8, 2020

IRVING, TEXAS — Newmark Knight Frank (NKF) has negotiated a 35,471-square-foot office lease at Riverside Commons in Irving. According to LoopNet Inc., the property was built in 1987, renovated in 2008 and totals 90,425 square feet. John Wolf of NKF represented the tenant, mortgage origination firm Planet Home Lending, in the lease negotiations. Cushman & Wakefield represented the landlord, BSREP Riverside LLC.

May 8, 2020

LogistiCenter-Speedway-North-Las-Vegas-NV

Development Industrial Leasing Activity Nevada Western

Dermody Properties Completes 251,800 SF Distribution Center in North Las Vegas

by Amy Works May 8, 2020

NORTH LAS VEGAS — Reno, Nev.-based Dermody Properties has completed the development of LogistiCenter at Speedway, a distribution center located at 6565 Nascar St. in North Las Vegas. Situated on 14 acres, LogistiCenter at Speedway features 251,800 square feet of distribution space and immediate access to Interstate 15 via the Speedway Boulevard off-ramp. Dialog Direct, a marketing company offering direct mail, print and fulfillment services, has leased 75,800 square feet at the facility. The remaining 176,600-square-foot space features a 32-foot clear height, 38 dock-high doors, six drive-in doors, a 135-foot truck court, an ESFR fire protection system and tilt-up concrete panel construction. The space is divisible from 31,800 square feet to 112,000 square feet.

May 8, 2020

Industrial Leasing Activity Maryland Southeast

Barker Steel Mid-Atlantic Signs 133,520 SF Industrial Lease in Metro Baltimore

by Alex Tostado May 7, 2020

HALETHORPE, MD. — Barker Steel Mid-Atlantic has signed a 133,520-square-foot industrial lease at 1954 Halethorpe Farms Road in Halethorpe. The landlord, Blue Ocean, acquired the historic property in 2015. The 692,492-square-foot building was once used to manufacture aircraft components during World War II. The property is located near Interstates 95 and 695, eight miles southwest of downtown Baltimore and five miles north of Baltimore/Washington International Thurgood Marshall Airport. Milford, Mass.-based Barker Steel will use the property as a block manufacturing and distribution site. Jared Engel and Steve Cornblatt of Trout Daniel & Associates represented the landlord in the lease transaction. Toby Mink of CBRE represented the tenant.

May 7, 2020

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