Leasing Activity

Clarion Partners Lands Three Office Tenants Totaling 187,054 SF at Westchase Park in Houston

by Taylor Williams October 16, 2019

HOUSTON — Clarion Partners LP has landed three new office tenants with a combined footprint of 187,054 square feet at Westchase Park, the company’s 560,825-square-foot office development in Houston. LJA Engineering Inc. leased 90,989 square feet, and Centurion Pipeline Co. LLC leased 28,078 square feet, with both firms planning to take occupancy during the first half of 2020. Additionally, ABB Inc. renewed its lease for 67,987 square feet. Eric Anderson, Parker Burkett, and Katy Gragg of Transwestern Commercial Services represented Clarion Partners in the lease negotiations. Lonna Dorman of Transwestern represented Centurion; Anthony Squillante and Dustin Devine of Stream Realty Partners represented LJA; and Beau Bellow and Josh Hirsch of JLL represented ABB Inc.

October 16, 2019

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 51,288 SF Industrial Lease in McKinney, Texas

by Taylor Williams October 16, 2019

MCKINNEY, TEXAS — Lee & Associates has secured a 51,288-square-foot industrial least at 1581 Corporate Drive in McKinney, a northeastern suburb of Dallas. Brett Lewis and George Tanghongs of Lee & Associates represented the landlord, Dalfen Industrial, in the lease negotiations. The tenant was not disclosed.

October 16, 2019

Industrial Leasing Activity Texas

Texas AirSystems Leases 39,950 SF at Parc North in Fort Worth

by Taylor Williams October 16, 2019

FORT WORTH, TEXAS — Stream Realty Partners has negotiated a 39,950-square-foot industrial lease at Parc North in Fort Worth. Seth Koschak and Forrest Cook of Stream Realty Partners represented the landlord, EastGroup Properties, in the lease negotiations. Todd Hubbard of NAI Robert Lynn represented the tenant, Texas AirSystems.

October 16, 2019

Leasing Activity Massachusetts Northeast Office

E-Commerce Marketing Firm Signs 160,000 SF Office Lease in Boston, to Create 700 New Jobs

by Alex Patton October 15, 2019

BOSTON — Klaviyo, a tech firm that develops marketing software for e-commerce users, has signed a 160,000-square-foot office lease in Boston, according to The Boston Business Journal. The company will move from its 25,000-square-foot facility at 225 Franklin St. to the new location at 125 Summer St, an expansion that will create about 700 new jobs in the company’s primary engineering, sales and support teams. Oxford Properties Group is the landlord of both buildings at 225 Franklin St. and 125 Summer St.

October 15, 2019

Leasing Activity New York Northeast Office

Adobe Signs 109,296 SF Office Lease Renewal, Expansion in Manhattan

by Alex Patton October 15, 2019

NEW YORK CITY — Adobe Inc. has signed a 109,296-square-foot office lease renewal and expansion at 1540 Broadway in Manhattan. The company will remain in its 27,323-square-foot office on the entire 17th floor and will expand into an additional 81,972 square feet on the 18th, 19th and 20th floors. The lease carries a 10-year term. The CBRE team of Mary Ann Tighe, Howard Fiddle, Eric Deutsch, Christie Harle, Jason Pollen and Benjamin Joseph represented the landlord, EDGE Fund Advisors, in the lease negotiations. Brian Given, Sheena Gohil, Carter Beim, Kellam Nelson, Jack Senske and Frank Wallach of Colliers International represented Adobe Inc.

October 15, 2019

Illinois Leasing Activity Midwest Office

Three Tenants Sign Leases at Concourse Chicago Office Property

by Kristin Harlow October 15, 2019

CHICAGO — Three new tenants have signed leases totaling 8,900 square feet at Concourse Chicago, an office property undergoing renovations in Chicago. Blue Water Shipping signed a lease for 3,900 square feet and is relocating from Presidents Plaza across the street. Green Office Partners, a print services company for small and medium businesses, leased 3,700 square feet and is relocating from the central business district. In the final transaction, Elgin-based Great Lakes Technology leased 1,500 square feet for a satellite office. Berger Asset Management acquired Concourse Chicago in 2018. The company is repositioning the 12-building complex. Jake Spinnell and Jon Connor from Colliers International represented Blue Water Shipping, Steve Goldstein of Jameson Commercial represented Green Office Partners and John Cassidy of Lee & Associates represented Great Lakes Technology. Steve Chrastka and Jason Wurtz of NAI Hiffman represented the landlord as the exclusive leasing representatives for the property.

October 15, 2019

Leasing Activity Lee & Associates New York Northeast Office

Lee & Associates Negotiates Two Office Subleases Totaling 22,000 SF in Manhattan

by Alex Patton October 14, 2019

NEW YORK CITY — Lee & Associates has negotiated two office subleases totaling 22,000 square feet at 40 West 25th Street in Manhattan. Business intelligence software firm Looker Data Sciences signed an11,000-square-foot lease on the seventh floor, and Nonprofit medical technology company Gradian Health Systems also inked an 11,000-square-foot on the sixth floor. The sublessor, meal kit provider HelloFresh, will move its offices to a 43,000-square-foot space at 28 Liberty Street. Stephen Bellwood and Kevin Waldman of Cushman & Wakefield represented Looker Data in the lease negotiations. Robin Fisher and John Cilmi of Newmark Knight Frank represented Gradian. The landlord is Unizo Real Estate. Both companies are expected to take occupancy on December 1, and both terms are for approximately five and a half years.

October 14, 2019

Leasing Activity Michigan Midwest Retail

B2 Outlet Stores Opens 18th Location in Michigan

by Kristin Harlow October 14, 2019

MUSKEGON, MICH. — West Michigan-based B2 Outlet Stores has opened its 18th location in the state of Michigan. The discount retailer occupies 6,700 square feet at 1680 E. Apple Ave. in Muskegon. B2 Outlet offers a variety of merchandise and donates a portion of all profits to local and worldwide causes. Todd Leinberger of NAI Wisinski of West Michigan assisted B2 Outlet in securing the new location. Leinberger, along with colleagues Russ Bono and Cameron Timmer, represented the undisclosed landlord. The name B2 stands for Benefit Twice.

October 14, 2019

Leasing Activity New York Northeast Retail

Mighty Catch Signs 1,360 SF Retail Lease in Manhattan

by Alex Patton October 11, 2019

NEW YORK CITY — Seafood restaurant Mighty Catch has signed a 1,360-square-foot retail lease in Manhattan. Located in the Columbia University submarket, the lease encompasses 960 square feet on the ground floor of 940 Columbus Avenue., as well as an additional 400-square-foot basement space. The restaurant is slated to open in early 2020. Anton Marchuk of Harvest International Commercial Real Estate represented Mighty Catch in the lease negotiations. Michael Shkreli of Winick Realty Group represented landlord, Walter & Samuels.

October 11, 2019

Industrial Leasing Activity Texas

Avison Young Negotiates 102,863 SF Industrial Lease Near Port Houston

by Taylor Williams October 11, 2019

PASADENA, TEXAS — Avison Young has negotiated a 102,863-square-foot industrial lease within Bayport North Logistics Center I, located near Port Houston in the eastern suburb of Pasadena. Bob Berry and Grant Hortenstine of Avison Young represented the tenant, American Cross-Dock & Storage, in the lease negotiations. CBRE’s Jason Dillee and Andrew Jewett represented the landlord, Triten Real Estate Partners.

October 11, 2019

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