Leasing Activity

Dogwood Industrial Properties Inks Two Leases Totaling 90,180 SF in Charlotte

by Alex Tostado May 15, 2020

CHARLOTTE, N.C. — Dogwood Industrial Properties has signed two industrial leases totaling 90,180 square feet at 5130 Hovis Road in Charlotte. An undisclosed Fortune 500 company signed a 66,430-square-foot lease and Plazit Polygal signed a 23,750-square-foot lease. Dogwood Industrial Properties acquired the 166,980-square-foot property in November when it was 34 percent leased. With the recent signings, the building is now fully occupied. The asset sits on seven acres two miles from Interstate 85 and four miles from I-77. The property features a fenced truck court, 20-foot clear ceiling height, new ESFR sprinklers and an existing CSX rail spur with rail doors. Plazit Polygal North America specializes in manufacturing thermoplastic sheets. Matt Treble, Eric Ridlehoover and Patrick McGrath of Cushman & Wakefield represented the landlord in the transaction.

May 15, 2020

Leasing Activity Office Texas

Software Developer Signs 17,327 SF Office Lease at Cypress Waters in Coppell, Texas

by Taylor Williams May 15, 2020

COPPELL, TEXAS — Business software developer Optym has signed a 17,327-square-foot office lease at Cypress Waters, a 1,000-acre mixed-use development by Billingsley Co. in Coppell, just outside DFW International Airport. Optym plans to relocate its headquarters from Gainesville, Fla., to the new space beginning in August. Marijke Lantz of Billingsley Co. represented the landlord internally in the lease negotiations. Christopher Fleeger of Morrow Hill represented Optym.

May 15, 2020

Industrial Leasing Activity North Carolina Southeast

CBRE|Raleigh Negotiates 93,685 SF Industrial Lease Near Durham for Furniture Company

by Alex Tostado May 14, 2020

BUTNER, N.C. — CBRE|Raleigh has negotiated the 93,685-square-foot industrial lease for Nugget, a manufacturer specializing in creating furniture that can be transformed into entertainment for children. The property, Falls Lake II, is situated at 200 Business Park Drive, 14 miles north of downtown Durham and less than one mile from Interstate 85. Austin Nagy of CBRE|Raleigh represented the tenant in the transaction. Foundry Commercial represented the landlord, NWI Butner LP.

May 14, 2020

Industrial Leasing Activity Texas

Amazon to Open 2.3 MSF Fulfillment Center in West Dallas, Plans to Hire 1,500 Employees

by Taylor Williams May 14, 2020

DALLAS — Over the next eight weeks, Amazon plans to hire approximately 1,500 people in preparation for opening its 2.3 million-square-foot fulfillment center at 1301 Chalk Hill Road, located approximately seven miles west of downtown Dallas. The facility is expected to be fully operational by May 31. Last fall, The Dallas Morning News reported that Amazon had signed a 20-year lease at the 101-acre facility, which had recently been acquired by Toronto-based Granite REIT. The property features 41-foot clear heights, 2,500 auto parking spaces and 300 trailer parking spaces. As the largest e-commerce firm in the world, Amazon is investing more than $800 million in the establishment of safety measures like temperature checks, enhanced cleanings, sanitation stations and onsite testing for COVID-19.

May 14, 2020

Leasing Activity Midwest Missouri Office

U.S. Bank Wealth Management Group Leases 11,468 SF at Plaza West in Kansas City

by Kristin Harlow May 14, 2020

KANSAS CITY, MO. — U.S. Bank’s Private Wealth Management Group has signed an 11,468-square-foot office lease at Plaza West in Kansas City. The tenant will relocate from Prairie Village in July. Stanton Road Capital owns the Class A office property, which is located at 4600 Madison Ave. The 16-story, 276,558-square-foot building is currently 84 percent occupied. Travis Helgeson and Miles McCune of Cushman & Wakefield are the property leasing agents. Michael Finley of Colliers International represented U.S. Bank in the lease.

May 14, 2020

Industrial Leasing Activity New Jersey Northeast

NAI James Hanson Negotiates 22,526 SF Industrial Lease in Hackensack, New Jersey

by Alex Patton May 13, 2020

HACKENSACK, N.J. — NAI James Hanson has negotiated a 22,526-square-foot industrial lease for women’s clothing retailer Advance Apparels in Hackensack, a northwestern suburb of New York City. Located at 105-111 S. State St., the property features 20-foot clear heights and 2,000 square feet of office space. Patrick Lennon and Kenneth Lundberg of NAI James Hanson, along with Fred Meyer of NAI Mertz, represented the landlord, Turabdin Realty LLC, in the lease negotiations. Stevie Muller of Equity 3 LLC represented the tenant.

May 13, 2020

Florida Industrial Leasing Activity Southeast

Refresco Beverages US Leases 364,084 SF of Industrial Space in Tampa

by Alex Tostado May 13, 2020

TAMPA, FLA. — Refresco Beverages US Inc. has leased 364,084 square feet of industrial space at 5210 S. 16th Ave. in Tampa. The 10-year lease is valued at $18 million. Refresco Beverages US is a North American subsidiary of the Netherlands-based soft drink bottler and distributor. This is Refresco’s third location in Tampa, growing its footprint in the region by 50 percent. The property, located six miles east of downtown Tampa, was previously home to Southern Glazer’s Wine & Spirits. Ryan Vaught and Robyn Hurrell of Colliers International represented the landlord, RealOp Investments, in the transaction. Foundry Commercial represented the tenant.

May 13, 2020

Leasing Activity Office Texas

NKF Negotiates 30,116 SF Office Lease in Northwest Houston

by Taylor Williams May 13, 2020

HOUSTON — Newmark Knight Frank (NKF) has negotiated a 30,116-square-foot office lease at 4541 Brittmoore Road in northwest Houston. Garrett Gibbons Jr., Jack Brewer and Lucas Kay of NKF represented the tenant, Vere Technology, a provider of pumps and compressors for the energy sector, in the lease negotiations. Lee & Associates represented the landlord, Britmore Investments LLC.

May 13, 2020

Industrial Leasing Activity Texas

Swiss Pharmaceutical Firm Novartis Signs 13,294 SF Industrial Lease in Fort Worth

by Taylor Williams May 13, 2020

FORT WORTH, TEXAS — Novartis, a multinational pharmaceutical company based in Switzerland, has signed a 13,294-square-foot industrial lease at Everman Trade Center in Fort Worth. Matt Carthey and Thomas Grafton with Holt Lunsford Commercial represented the owner, Boston-based TA Realty, in the lease negotiations. Joe Siglin with Newmark Knight Frank represented the tenant. Everman Trade Center is a four-building, shallow-bay industrial development on the city’s south side that spans approximately 512,000 square feet.

May 13, 2020

Leasing Activity Michigan Midwest Restaurant Retail

Two New Popeyes Restaurants to Open in West Michigan

by Kristin Harlow May 13, 2020

GRAND RAPIDS AND KENTWOOD, MICH. — Two new Popeyes Louisiana Kitchen locations are slated to open in West Michigan this summer. A restaurant at 5448 Division Ave. SE in Kentwood is scheduled to open on June 29. The second restaurant, located at 2446 28th St. SE in Grand Rapids, is expected to open in early August. Franchisee Anthony Basile will operate both locations. Colliers West Michigan worked with Basile to secure the locations. Chris Prins of Colliers represented Popeyes. There are more than 2,700 Popeyes restaurants in the U.S. and around the world.

May 13, 2020

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