Thursday, December 26, 2024
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Leasing Activity

DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Toro Development Signs Six New Tenants at 43-Acre Medley Mixed-Use Project in Metro Atlanta

by John Nelson

JOHNS CREEK, GA. — Six new tenants have signed leases at Medley, a 43-acre mixed-use property currently underway in the north Atlanta suburb of Johns Creek. Locally based Toro Development Co. is the master developer of the project and plans to break ground in January. The newly signed tenants include Sephora, Rena’s Italian Fishery & Grill, High Country Outfitters, BODYROK, Petfolk and an undisclosed grocer. Previously announced tenants for the development, which is now roughly 75 percent leased, include Ford Fry’s Little Rey, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Lily Sushi Bar, Knuckies Hoagies, Cookie Fix, Sugarcoat Beauty, BODY20, AYA Medical Spa, 26 Thai Kitchen and Bar, Five Daughters Bakery, Drybar Shops, Minnie Olivia, Burdlife, AMorino, Pause Studio, Fogón and Lions and Clean Your Dirty Face. Medley is currently about 75 percent leased. Upon completion in late 2026, Medley will comprise 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; 750 multifamily residences and 133 townhomes; and a 25,000-square-foot plaza. Toro also recently announced that it obtained construction financing for the project, including an undisclosed amount of equity from Ascentris, as well as a $158 million loan …

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Leasing ActivityNew YorkNortheastRetail

HAPIK to Open 15,000 SF Indoor Climbing Gym in Brooklyn

by Taylor Williams

NEW YORK CITY — Fitness operator HAPIK has signed a lease to open a 15,000-square-foot indoor climbing gym in the Sunset Park area of Brooklyn. The gym will be located within Building 6 at the 35-acre Industry City mixed-use development and will feature 50 climbing walls, two rope courses and private event spaces. Chase Welles of TSCG represented the landlord, a partnership between Belvedere Capital, Jamestown and Angelo Gordon & Co., in the lease negotiations. The tenant representative was not disclosed.

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DevelopmentLeasing ActivityRetailSoutheastTennessee

Dollar General to Open 575 New Stores in 2025

by John Nelson

GOODLETTSVILLE, TENN. — Dollar General plans to open approximately 575 new stores in the United States in its fiscal year 2025, which ends Jan. 30, 2026. The Goodlettsville-based discount retailer will also debut 15 new stores in Mexico in that time frame. The new store count is in addition to Dollar General’s expected 730 new store openings in fiscal 2024, which will end on Jan. 31, 2025. Overall, the company expects to execute nearly 5,000 real estate projects in fiscal year 2025, including 4,250 store remodels and relocating 45 stores.

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DevelopmentHealthcareLeasing ActivityMixed-UseSoutheastVirginia

Trammell Crow Co. Signs 68,000 SF Healthcare Lease with Johns Hopkins in Falls Church, Virginia

by John Nelson

FALLS CHURCH, VA. — Trammell Crow Co. (TCC) has signed a 68,000-square-foot lease with The Johns Hopkins Health System Corp. at The Wellness Center at West Falls in Falls Church. The nonprofit will occupy the fourth, fifth and sixth floors of the 126,000-square-foot property. Andy Thau, Conn Curry and Yorke Allen of JLL are leasing and marketing the remainder of The Wellness Center. The LEED Gold-certified, Class A medical office building that has been open and operating since February. Located at 7171 Cardinal Lane, the property offers curbside patient pick-up and drop-off, locker rooms with showers, an amenity bar, bike storage and covered parking. The Wellness Center is part of the larger West Falls mixed-use development by Hoffman & Associates.

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IndustrialLeasing ActivityTexas

Penguin Packaging Solutions Signs 102,497 SF Industrial Lease in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — Penguin Packaging Solutions, which serves the food industry, has signed a 102,497-square-foot industrial lease in the eastern Dallas suburb of Mesquite. The space is located within Town East Logistics, a 193,800-square-foot development that was completed in 2023. James Mantzuranis and Adam Jones of Stream Realty Partners represented the landlord, Dallas-based Leon Capital, in the lease negotiations. Chase Miller with NAI Robert Lynn represented the tenant.

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IndustrialLeasing ActivityTexas

Weitzman Negotiates 47,518 SF Industrial Lease Near Dallas Love Field Airport

by Taylor Williams

DALLAS — Weitzman has negotiated a 47,518-square-foot industrial lease near Dallas Love Field Airport on the city’s northwest side. The property at 7611 John Carpenter Freeway features 16-foot clear heights, four dock doors and 13,547 square feet of office space. Eddie Liebman of Weitzman represented the undisclosed landlord in the lease negotiations. Chase Miller of NAI Robert Lynn represented the tenant, Sun Commercial Roofing.

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Leasing ActivityOfficeTexas

Sable Offshore Corp. to Open 46,000 SF Office in Downtown Houston

by Taylor Williams

HOUSTON — Sable Offshore Co. will open a 46,500-square-foot office in downtown Houston. The space spans the 28th and 29th floors of the 47-story Texas Tower building, and the upstream energy provider plans to take occupancy in the third quarter of next year. Kevin Kushner, William Padon and Sydnee Hilburn of CBRE represented the tenant in the lease negotiations. Michael Anderson of Cushman & Wakefield represented the landlord, a partnership between Hines, Ivanhoé Cambridge and an affiliate of global investor CDPQ.

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Leasing ActivityNew JerseyNortheastRetail

Planet Fitness to Open Two New Gyms Totaling 37,350 SF in Central New Jersey

by Taylor Williams

WATCHUNG AND MIDDLESEX, N.J. — Planet Fitness will open two new gyms totaling 37,350 square feet in Central New Jersey. The New Hampshire-based chain has committed to a 21,850-square-foot space at the 420,000-square-foot Blue Star Shopping Center in Watchung and a 15,500-square-foot space formerly occupied by ACME Supermarket at Middlesex Corner. E.J. Moawad of Levin Management Corp. represented the landlord in the Watchung deal, and Jack Chera of RIPCO Real Estate represented the tenant. Levin’s Ed Vasconcellos III acted as the landlord representative in the Middlesex deal, with Raymond Villafana of Franchise Realty representing Planet Fitness.

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AlabamaLeasing ActivityRetailSoutheast

Anchor Investments Signs Workout Anytime to Lease at Shopping Center in Russellville, Alabama

by John Nelson

RUSSELLVILLE, ALA. — Anchor Investments LLC has signed Workout Anytime to a retail lease at Franklin Center, a grocery-anchored shopping center in Russellville. The new 24/7 fitness concept will open in March next to the grocery anchor, Price Less Foods. There are multiple remaining availabilities remaining at Franklin Center, according to Anchor Investments, a Nashville-based real estate investment firm.

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Leasing ActivityOfficeTexas

Law Firm Signs 28,000 SF Office Lease at The Republic in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — Law firm Pillsbury Winthrop Shaw Pittman LLP has signed a 28,000-square-foot office lease in downtown Austin. The firm, which primarily represents clients in the tech industry, is taking the entire 32nd floor at The Republic, a 48-story building that is under construction in the downtown area. Mark Miller and Seth Johnston of Lincoln Property Co., which owns the property in partnership with Phoenix Property Co. and DivcoWest, internally represented the landlord in the lease negotiations. John Gump and Marc Vanderslice of CBRE represented the tenant.

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