HOUSTON — Post Oak ER will open a 5,575-square-foot healthcare clinic at Tanglewood Shopping Center, a 48,306-square-foot property located in Houston’s Uptown neighborhood. Chadd Bolding of Colliers International represented the tenant, which expects to open in October, in the lease negotiations. Josh Friedlander of NewQuest Properties represented the landlord, RPI Management Co. LLC.
CHICAGO — LBP Manufacturing, a global food packaging company, has renewed its 180,417-square-foot industrial lease at 1401 N. Cicero Ave. in Chicago. Kris Bjorson of JLL represented the tenant in the lease transaction. ML Realty Partners is the landlord. LBP chose to renew its lease due to the building location and interstate access, according to Patrick Shannon, senior vice president at ML Realty.
CHICAGO — Northwestern Cutlery has signed a 5,000-square-foot retail lease at 7138 W. Higgins Ave. in the Norwood Park neighborhood of Chicago. The kitchen supply store joins tenants such as Walter Lily Flowers, Made Men barber shop, Athletico Physical Therapy and Mather’s. Simeon Spirrison and George Spirrison of Adelphia Properties represented the undisclosed landlord in the lease transaction.
HOUSTON — PCS Software Inc., a Houston-based software management firm that serves the transportation and logistics industries, has signed a 25,772-square-foot office lease at the 35-acre CityWest campus in Houston. J.P. Hutcheson represented the landlord, Parkway, in the lease negotiations on an internal basis. Jay Kyle and Bob Parsley of Colliers International represented the tenant.
HOUSTON — NAI Partners has negotiated a 7,613-square-foot retail lease for Sally Beauty Holdings Inc. at Cypress Landing Shopping Center, located at 3040 FM 1960 E. in North Houston. According to LoopNet Inc., the property was built on 29.1 acres in 1980. Patrick Keegan and Jason Gaines of NAI Partners represented the landlord in the lease negotiations. The representative of the tenant was not disclosed.
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.
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.
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.
(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, …
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.