GRAND RAPIDS AND GRANDVILLE, MICH. — The Donut Conspiracy is opening two new locations in Grand Rapids and Grandville in western Michigan. The Grand Rapids store will span 1,500 square feet and include an industrial kitchen for production. The Grandville store, formerly home to Orange Leaf Frozen Yogurt, spans 1,800 square feet. The Donut Conspiracy was founded in 2017. Each location features vintage décor and themes around historic conspiracy theories.
TUSCALOOSA, ALA. — GBT Realty has signed HomeGoods and Shoe Station to lease space at McFarland Plaza, a 234,000-square-foot retail power center located at 2600 McFarland Blvd. in Tuscaloosa, about one mile south of the University of Alabama. HomeGoods will backfill a former Toys ‘R’ Us store spanning 23,000 square feet, and Shoe Station will lease 11,900 square feet. The center was 97 percent leased at the time of sale to tenants such as Ross Dress for Less, T.J. Maxx, Stein Mart, Cato Fashions, Michaels and Pet Supplies Plus. GBT Realty’s leasing team is currently seeking quick-service restaurants, financial services, medical/dental chains and other service providers to fill McFarland Plaza’s remaining small shop space.
FARMERS BRANCH, TEXAS — Holt Lunsford Commercial has secured a 40,450-square-foot industrial lease renewal at 4443 Simonton Road in Farmers Branch, a northern suburb of Dallas. Andrew Gilbert of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. Adam Curran of Cushman & Wakefield represented the tenant, Inkjet Printing International LLC.
COPPELL, TEXAS — CBRE has negotiated a 20,000-square-foot industrial lease renewal in Coppell, located just north of Dallas-Fort Worth (DFW) International Airport. Brian Gilchrist and Steve Koldyke of CBRE represented the tenant, telecommunications firm GW Communications, in the lease negotiations.
SUSSEX, WIS. — Ascension Medical Group of Southeast Wisconsin has signed a 5,586-square-foot office lease in Sussex, about 19 miles northwest of Milwaukee. The property is situated on Main Street. Jenna Maguire and Hakan Hare of Founders 3 Real Estate Services represented the landlord, Sawall Office Building LLC. Ascension is a faith-based healthcare organization.
NEW YORK CITY — Savills has negotiated a 34,000-square-foot office lease renewal and expansion for The Innocence Project, a local nonprofit organization, at 40 Worth Street in lower Manhattan. The tenant, which advocates for criminal justice reform, originally leased 20,000 square feet at 40 Worth Street in 2010 and expanded by an additional 3,000 square feet in 2014 prior to this expansion. Roy Lapidus of Newmark Knight Frank represented the landlord, GFP Real Estate, in the lease negotiations. The building was originally constructed in 1929 and houses the East Coast headquarters for The Gap, among other tenants.
KING OF PRUSSIA, PA. — German discount grocer Aldi will open a 19,230-square-foot store at 197 E. Dekalb Pike in Montgomery County, Pa., this spring. The retail property will be situated at the 119,000-square-foot King of Prussia Center, about 20 miles northwest of Philadelphia. Jeffrey Cohen and Nelson Wax of CBRE represented the landlord, D&P Associates, in the lease negotiations. The family-owned business developed the mall beginning in the 1980s.
NEW YORK CITY — Gerber Finance has signed a 6,667-square-foot office lease at 8 West 40th Street, a 22-story building located in Manhattan’s Bryant Park district. The company will relocate from 488 Madison Avenue this summer and will occupy the entire 14th floor. Brett Greenberg and Fran Delgorio represented the landlord, Jack Resnick & Sons, in the lease negotiations on an internal basis. Rob Silver of Newmark Knight Frank represented Gerber Finance.
DETROIT — LinkedIn has opened its new Detroit office on Woodward Avenue. The company occupies 75,000 square feet split between the Albert Kahn-designed Sanders and Grinnell buildings, which are located next to each other. The office represents a huge expansion within the market for LinkedIn, which began its operations in the city in 2017 with 15 team members in a WeWork space. Bedrock owns the buildings, which are located at 1523 Woodward Ave. Earlier this week, global wealth management firm UBS opened a new office blocks away from LinkedIn. Across the street is the newly opened Shinola Hotel and the Hudson’s Site project.
SUN PRAIRIE, WIS. — Arbor Realty Trust Inc. has provided a $3.2 million small-balance loan through Fannie Mae for the refinancing of Stonewood Crossing in Sun Prairie, a suburb of Madison. Built in 2018, the 24-unit multifamily property features covered parking and access to a nearby walking trail. Geoffrey Platt of Arbor originated the fixed-rate loan, which is fully amortized over 30 years.