FRANKLIN PARK, ILL. — Peloton Interactive Inc. has signed a 51,032-square-foot industrial lease at 10601 Seymour Ave. in Franklin Park. The 225,891-square-foot building was constructed in 2018. Peloton Interactive is a technology company dedicated to at-home fitness. The company’s products include Peloton Bike, Peloton Tread and Peloton App. The Peloton space at the building includes 2,798 square feet of office space, nine exterior docks, 15 trailer stalls, 60 car parking spaces, LED lighting and a clear height of 32 feet. The building’s first tenant, Xpress Global Systems LLC, occupies 66,773 square feet. Adam Tarantur and Steven Tick of Podolsky Circle LLC represented Peloton in the lease transaction. Tom Rodeno and Jim Estus of Colliers International represented the landlord, CenterPoint Properties.
CHARLOTTE, N.C. — The 965,000-square-foot Hearst Tower in Charlotte, which is owned by Cousins Properties, will be the new corporate headquarters for BB&T Corp. and SunTrust Banks Inc. once the merger between the two banks is complete. BB&T-SunTrust confirmed in a press release that the combined bank is expected to begin occupying 651,000 square feet of office space in phases from August 2019 to June 2021. Up to 2,000 employees of the proposed new company will be housed in the space. The lease term is for 15 years. The space is currently occupied by Bank of America and other tenants, all of which will move out to make room for BB&T-SunTrust. Bank of America has signed a 550,000-square-foot lease within Lincoln Harris’ Legacy Union in Uptown Charlotte. Winston-Salem, N.C.-based BB&T agreed to acquire Atlanta-based SunTrust in a $66 billion deal announced in early February. Details have not yet been released on future plans for the banks’ existing corporate offices. BB&T-SunTrust will have the option to purchase the 47-story building from Cousins Properties for $455.5 million through the fourth quarter of this year. If the company exercises that option, the sale will close in the first quarter of 2020. On Wednesday, …
NEW YORK CITY — ACT Commodities Inc., a commodities brokerage firm, has expanded its office lease at 437 Madison Avenue in Manhattan by 4,805 square feet, raising the size of its footprint at the property to 17,750 square feet. The 40-story, 850,000-square-foot building was recently renovated to the tune of $60 million. Frank Doyle, David Kleiner, Cynthia Wasserberger, Hayley Shoener and Harlan Webster of JLL represented the landlord, The William Kaufman Organization (WKO), in the lease negotiations along with Michael Lenchner of Sage Realty Corp., the leasing and management division of WKO. Craig Lemle of Savills represented the tenant.
FARMERS BRANCH, TEXAS — Tenet Healthcare, a publicly traded provider, has signed a 372,000-square-foot office lease to occupy the entirety of International Plaza I, a 13-story tower located in the northern Dallas suburb of Farmers Branch. Moody Younger and Kathy Permenter of Younger Partners represented Tenet Healthcare in the lease negotiations. Chris Taylor, Trey Smith, Matt Schendle and Lauren Napper of Cushman & Wakefield represented the landlord, Taconic Capital Advisors, which acquired the asset last summer.
DALLAS — Lucid Energy Group, which operates in the midstream space of the natural gas industry, has signed a 16,701-square-foot office lease expansion at Citymark at Katy Trail in Uptown Dallas. The lease effectively doubles the size of Lucid’s current headquarters space to 34,585 square feet. The firm now occupies two full floors at the building, which is located at 3100 McKinnon St. Richmond Collinsworth and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Andy Leather of JLL represented the tenant.
NEW YORK CITY — Global investment bank Greenhill & Co. has signed a 78,000-square-foot office lease at the former Time & Life building within Manhattan’s Rockefeller Center. Rockefeller Group, which owns the 48-story building located at 1271 Avenue of the Americas, is wrapping up a $600 million redevelopment program that is scheduled for completion by year’s end. Following Greenhill’s relocation from 300 Park Avenue in 2020, the building will be close to fully leased. Michael Geoghegan, Andrew Sussman and Peter Gamber of CBRE represented Greenhill in the lease negotiations. Mary Ann Tighe, Howard Fiddle, John Maher, Evan Haskell and Dave Caperna of CBRE represented Rockefeller Group, along with internal associates Ed Guiltinan and Jennifer Stein.
MIAMI — WeWork has signed a four-floor lease within the 55-story Southeast Financial Center, Miami’s tallest office building. WeWork will move into the space in phases, with two floors expected to open by the end of 2019 and the other two floors expected to be ready in summer 2020. Southeast Financial Center is located at 200 S. Biscayne Blvd. in downtown Miami. Southeast Financial Center is attached to The Cube, a 15-story office building that will offer WeWork members and others access to a fitness center, 30,000-square-foot outdoor plaza and access to I-95. Eric Groffman and Donald Cartwright of JLL represented the landlord, Ponte Gadea Biscayne LLC, in the lease negotiations. Matthew Goodman and Jeffrey Gordon of JLL represented WeWork.
NEW YORK CITY — Justworks, a provider of payroll, HR and compliance software, has signed a 270,000-square-foot office lease at 55 Water St. in Manhattan. Beginning in the second quarter of 2020, the company will relocate to the 3.8 million-square-foot complex, more than doubling the size of its current space at 601 W. 26th St. Howard Fiddle, Evan Haskell, Brad Gerla, Dave Caperna and Mary Ann Tighe of CBRE represented the landlord, New Water Street Corp., a subsidiary of the Retirement Systems of Alabama, in the lease negotiations. Chris Helgesen, Peter Trivelas, Dirk Hrobsky and Gary Ceder of Cushman & Wakefield represented Justworks. The average asking rent at 55 Water St., which was recently repositioned, is $58 per square foot.
KENOSHA, WIS. — Silgan Containers has inked a deal to lease 525,000 square feet at an industrial building in Kenosha. The facility, known as Zilber Industrial 1, is located within Kenosha Corporate Park and owned by Zilber Property Group. Silgan, a metal food packaging provider, is scheduled to begin operations at the facility this month. Scott Furmanski of CBRE represented Silgan in the lease transaction. Michael Kleber of Zilber, in partnership with Whit Heitman and Sam Badger of CBRE, represented Zilber.
BLUE SPRINGS, MO. — Comfort Dental has signed a 10-year lease at a building formerly occupied by Blockbuster in Blue Springs, 19 miles east of Kansas City. The 3,000-square-foot building is located at the intersection of Highway 7 and Highway 40. Marshal Blount and Phil Peck of Block & Co. Inc. Realtors represented the owner, MJP 40 Highway LLC. Mohammed Starks of Square State Realty represented Comfort Dental.