WHITINSVILLE, MASS. — The Stubblebine Co., a CORFAC member and brokerage firm based in the Boston area, has negotiated a 78,000-square-foot industrial lease at 355 Main St. in Whitinsville, located south of Worcester. The lease represents an expansion of the current footprint of the tenant, Core-Mark, a Fortune 400 distributor and marketer of consumer goods. David Stubblebine and James Stubblebine of The Stubblebine Co. represented the landlord, WRT Management, in the lease negotiations. The 355,000-square-foot building is situated on 26 acres and features an ESFR sprinkler system and T-5 lighting.
LEE’S SUMMIT, MO. AND SHAWNEE, KAN. — Hotworx, a high intensity isometric fitness concept, has signed two long-term leases in Lee’s Summit, Mo., and Shawnee, Kan. The Lee’s Summit location will be located at 1309 NE Douglas St. and span 1,900 square feet. The studio is slated to open this summer. In Shawnee, Hotworx will occupy a 2,000-square-foot space in a Bank of America-anchored strip center. The location is also expected to open this summer. Bill Maas and Daniel Brocato of Block & Co. Inc. Realtors represented Hotworx in the lease transactions. The brokers are currently working with Hotworx to open a location in Liberty, Mo., later this year. The fitness company currently operates a studio in Lawrence, Kan.
DALLAS — Eataly, a concept that offers Italian-inspired food and drink in a marketplace setting, has signed a lease to open a 48,000-square-foot space at NorthPark Center, an enclosed shopping mall in Dallas. This location will be the company’s first in Texas. Scott Muller, Katie Rambie, Kiley Pipkin, Zach Ballenger, Justin Rasansky, Sydney Muller and Jack Gosnell of CBRE represented Eataly in the lease negotiations.
FRISCO, TEXAS — Complexity Gaming, an esports organization, has opened its 11,000-square-foot office headquarters at The Star, the Dallas Cowboys 91-acre mixed-use campus in Frisco. Designed by ICRAVE, the space features a public area and retail space, as well as training rooms and innovation labs for esports players, which compete professionally in video games. A GameStop Performance Center will also open this summer and will carry merchandise from Complexity Gaming.
CHICAGO — Audit, tax and consulting firm RSM has expanded its footprint to 165,323 square feet within CME Center in Chicago. The property, located on South Wacker, is now 95 percent occupied. CME Center consists of two 40-story office towers connected by a 10-story center structure. The property totals 2.3 million square feet. Completed in phases during the 1980s, the asset was recently redeveloped with redesigned lobbies and common area enhancements. Tishman Speyer owns the property. Joe Gordon and Justin Lewis of Tishman Speyer represented ownership in the lease transaction with RSM. Rick Schuham of Savills represented RSM, which has 10,000 employees in 86 offices across the United States.
TYSONS, VA. — Rubenstein Partners and Griffith Properties have signed a tenant to a full-building, 150,000-square-foot office lease within Centerstone at Tysons. The name of the tenant was not disclosed, however, multiple news outlets report the tenant is government-sponsored enterprise Freddie Mac. Centerstone at Tysons is located near two stops along the Washington Metropolitan Area Transit Authority (WAMTA), as well as Interstate 495 and several retail and dining options. A timeline for Freddie Mac’s move into the space was not disclosed.
HOUSTON — NAI Partners has negotiated a 3,342-square-foot office lease at 3 Riverway in Houston. According to LoopNet Inc., the property spans approximately 159,000 square feet and was built in 1982. Alex Taghi of NAI Partners represented the tenant, law firm Sico Hoelscher Harris LLP. CBRE handles leasing at Riverway on behalf of the landlord.
NEW YORK CITY — JLL has negotiated a 19,799-square-foot office sublease at 1 Rockefeller Plaza in Manhattan on behalf of Quontic Bank, a privately held financial institution. The company will occupy the ninth floor of the 36-story building for the next six years. Tishman Speyer owns the property. Alexander Chudnoff, Benjamin Bass and Harrison Potter of JLL represented Quontic Bank in the lease negotiations. Greg Taubin, Scott Bogetti and Sean Hoffman of Savills Inc. represented the sublandlord, Trammo, which distributes fertilizers and chemicals.
MAHWAH, N.J. — Dressbarn, a women’s apparel retailer, plans to eventually close all 650 of its stores nationwide. The New Jersey-based company is winding down its retail operations and plans to assist its 6,800 associates with transition support as individual stores close. “For more than 50 years, Dressbarn has served women’s fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers,” says Steven Taylor, Dressbarn’s chief financial officer. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment.” No information was made available about how the store closures will affect Dressbarn’s lease agreements in place with landlords, but the company has retained A&G Realty Partners to assist on all real estate-related matters during the wind down process. A&G Realty Partners is actively marketing Dressbarn’s available locations to interested tenants. According to A&G Realty’s marketing materials, Dressbarn’s available stores range in size from a 3,300-square-foot store in Michigan to a 15,000-square-foot location in Virginia Beach. Approximately 165 Dressbarn stores have leases that expire in 2020. In 2021, an additional 111 Dressbarn leases are expected to come due. The …
BELLEVILLE, MICH. — Beaumont Health has signed a 124,564-square-foot industrial lease in Belleville, about 30 miles west of Detroit. The lease brings the property, located at 41965 Ecorse Road, to full occupancy. Peter Rogers and Randall Allman of CBRE represented the owner, Brookwood Capital Partners, in the lease transaction. Insite Commercial represented Beaumont Health.