Leasing Activity

Centennial-Commerce-Center-Piscataway-New-Jersey

CBRE Negotiates 66,375 SF Industrial Lease in Piscataway, New Jersey

by Taylor Williams July 21, 2020

PISCATAWAY, N.J. — CBRE has negotiated a 66,375-square-foot industrial lease at Centennial Commerce Center in the Northern New Jersey city of Piscataway. The property was built in 2019, spans 277,830 square feet and offers proximity to Interstate 287, Port Newark-Elizabeth and Newark Liberty International Airport. Building features include 36-foot clear heights, 261 parking spaces and land for construction of additional parking spaces. Mindy Lissner, Robert Pine and Ben Shapiro of CBRE represented the landlord, Penford Group, in the lease negotiations. CBRE also represented the tenant, appliance manufacturer Fisher & Paykel.

July 21, 2020

Leasing Activity New York Northeast Retail

Whole Foods Opens 60,245 SF Store at Manhattan’s Hudson Yards

by Taylor Williams July 21, 2020

NEW YORK CITY — Whole Foods Market has opened a 60,245-square-foot store at 450 W. 33rd St. in Manhattan’s 5.4 million-square-foot Hudson Yards mixed-use development. The store offers a cocktail bar that serves to-go drinks, a beauty and body care section and a convenience market at street level for customers needing a grab-and-go meal, snack or beverage. The store is the 14th in New York City for Austin-based Whole Foods.

July 21, 2020

California Company News Leasing Activity Retail Top Stories Western

Parent Company of Men’s Wearhouse, Jos. A. Bank to Shutter Up to 500 Stores, Cut Staff by 20 Percent

by John Nelson July 21, 2020

FREMONT, CALIF. — Tailored Brands, the parent company of professional menswear retailers Men’s Wearhouse and Jos. A. Bank, has announced a corporate restructuring that entails closing up to 500 stores. The Fremont-based firm says the “unprecedented and industry-wide” disruption caused by the COVID-19 outbreak was the catalyst behind the move. Tailored Brands has identified the 500 stores but did not disclose the retailers, locations or timing of those closures. Other brands in Tailored’s umbrella include K&G and Moores Clothing for Men. The company had 1,445 U.S. stores as of May 2, 2020 totaling 9.1 million square feet. Additionally, Tailored Brands (NYSE: TLRD) plans to cut expenses by reducing its staff by 20 percent by early August. The company expects severance payments and other termination costs to total $6 million. The economic harm stemming from the COVID-19 pandemic is having an outsized impact on the company’s revenue stream. In its first-quarter fiscal business update, Tailored Brands reported that for the period between Feb. 1 and May 2, net sales were down 60.4 percent year-over-year. Its e-commerce revenue, which includes rental services, was down 31.9 percent during the same period. Going forward the company will focus on its e-commerce platform and revised …

July 21, 2020

Georgia Leasing Activity Office Southeast

Rooms To Go Signs 60,000 SF Office Lease in Atlanta’s Central Perimeter Submarket

by Alex Tostado July 20, 2020

ATLANTA — Rooms To Go has signed a 60,000-square-foot lease to relocate its Atlanta office to the city’s Central Perimeter submarket. The furniture company will move to Perimeter Summit, a 1.7 million-square-foot office campus located at 4004 Summit Blvd., 15 miles north of downtown Atlanta. Rooms To Go’s Atlanta office was previously located in Dunwoody. The company is based in Seffner, Fla. Other tenants at Perimeter Summit include IBM, Cox Automotive, Northside Hospital and Verizon. Bryan Heller and Sabrina Gibson of CBRE, as well as Randy Holmes and Andrew Pearson of Seven Oaks Co., represented the landlord, Seven Oaks and GE. David Rubenstein, John Flack and Bo Keatley of Savills represented the tenant in the lease negotiations.

July 20, 2020

Leasing Activity New York Northeast Office

Transwestern Negotiates 14,889 SF Office Lease in Brooklyn

by Taylor Williams July 20, 2020

NEW YORK CITY — Transwestern has negotiated a 14,889-square-foot office lease at 626 Sheepshead Bay Road in Brooklyn. Stephen Powers, Lindsay Ornstein, Thomas Hines and Jake Cinti of Transwestern represented the tenant, Selfhelp Community Services, in the lease negotiations. David Ofman of The Lawrence Group represented the landlord, Cammeby’s International.

July 20, 2020

Leasing Activity Midwest Missouri Office

Ryan Cos. Moves Kansas City Office to New Location

by Kristin Harlow July 20, 2020

KANSAS CITY, MO. — Developer Ryan Cos. has moved into its new Kansas City office, located within the Interstate Securities/Topsy Building at 215 E. 18th St. The 3,213-square-foot office is designed for 16 employees, with room to expand up to 24. Ryan has been active in the Kansas City market for 15 years but did not establish a physical office there until 2018. Ryan has also announced that Craig Thompson, vice president of construction, has relocated from the Des Moines office to the Kansas City office.

July 20, 2020

Georgia Leasing Activity Retail Southeast

Ju-C Bar Opens Location at Krog Street Market in Atlanta’s Inman Park District

by Alex Tostado July 17, 2020

ATLANTA — Ju-C Bar has opened its second location in metro Atlanta, joining the tenant lineup at Krog Street Market, a 30,000-square-foot food hall in Atlanta’s Inman Park neighborhood. Ju-C Bar is a family-owned restaurant specializing in made-order juices, smoothies, salads and wraps. Krog Street Market is situated along the Atlanta BeltLine’s Eastside Trail, two miles west of downtown Atlanta. Other tenants include Superica, Jeni’s Splendid Ice Creams, Ticonderoga Club, Fred’s Meat & Bread, Watchman’s Seafood and Spirits, Hop City and The Little Tart Bake Shop, as well as retail and office tenants including The Merchant, Iris and The Atlanta BeltLine Partnership. Ju-C Bar’s other location is in the northern suburb of Sandy Springs. Adrienne Crawford and Lily Heimburger of SRS Real Estate Partners represented the landlord, Charlotte, N.C.-based Asana Partners, in the lease transaction. Austin Wilson of Stein Investment Group represented Ju-C Bar.

July 17, 2020

Industrial Leasing Activity Office Texas

Eatery Essentials to Open 400,000 SF Headquarters, Manufacturing Plant in Dallas

by Taylor Williams July 17, 2020

DALLAS — Eatery Essentials, a provider of food storage containers and the U.S. subsidiary of Taiwanese supplier Vigour Pak, will relocate its corporate headquarters and primary manufacturing and warehousing operations to a 400,000-square-foot facility in Dallas. The facility will be located at 2425 Danieldale Road on the city’s south side and is expected to be operational by October. Eatery Essentials anticipates that the move will create about 150 new jobs.

July 17, 2020

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 41,830 SF Industrial Lease in Arlington

by Taylor Williams July 17, 2020

ARLINGTON, TEXAS — Lee & Associates has negotiated a 41,830-square-foot industrial lease at 4100 New York Ave. in Arlington. According to LoopNet Inc., the property was built in 2018 and spans 110,468 square feet. Adam Graham and Mark Graybill of Lee & Associates represented the landlord, Boston-based Cabot Properties, in the lease negotiations. David Eseke and Gary Collett of Cushman & Wakefield represented the tenant, Wastequip Manufacturing Co., a Charlotte-based manufacturer of trash containers, compactors and other waste management equipment.

July 17, 2020

Illinois Industrial Leasing Activity Midwest

Conor Commercial Negotiates 316,550 SF Industrial Lease with Amazon in Chicago

by Kristin Harlow July 17, 2020

CHICAGO — Conor Commercial Real Estate has negotiated a 316,550-square-foot industrial lease with an e-commerce retailer for the entirety of its Last Mile Logistics Center I-55 in Chicago’s Gage Park. The tenant is Amazon, according to Crain’s Chicago Business. The facility is located at the corner of 51st Street and St. Louis Avenue. The tenant plans to use the building as a last-mile distribution facility, serving residents in Chicago and the surrounding areas. Positioned on 19.5 acres, the project features 55 truck dock positions, four drive-in doors and 74 trailer stalls. Larry Goldwasser, Colin Green, Matthew Cowie and Jason West of Cushman & Wakefield represented Conor in the lease transaction. Last Mile Logistics Center I-55 provides direct access to more than 5.2 million people within a 30-minute drive, according to Conor.

July 17, 2020

Newer Posts

Older Posts