Leasing Activity

Aaron’s Inks 12,100 SF Retail Lease at Felbram Plaza in Indianapolis

by Kristin Harlow December 5, 2019

INDIANAPOLIS — Aaron’s Inc. has signed a 12,100-square-foot retail lease at a 200,000-square-foot shopping center in Indianapolis. The furniture company expects to begin operations at the property as soon as mid-March 2020. Millennial Holdings LLC acquired the center, known as Felbram Plaza, several months ago and is completing renovations such as new signage, lighting, roofs, HVAC units, landscaping and a new parking lot. Millennial plans to rename the property, which is nearly 85 percent leased. Keith Fried of McCrea Property Group is the leasing agent.

December 5, 2019

Leasing Activity New York Northeast Office

NKF Negotiates 20,378 Office Lease at Club Row Building in Manhattan

by Alex Patton December 5, 2019

NEW YORK CITY — Newmark Knight Frank (NKF) has negotiated a 20,378-square-foot office lease for Advantage Sales & Marketing at the Club Row Building in Manhattan. The company will consolidate its two former locations, located at 360 Lexington Avenue and 1500 Broadway, into a 15,093-square-foot space on the 14th floor and a 5,285-square-foot space on the ninth floor. Situated at 28 West 44th Street, the 372,000-square-foot Club Row Building features onsite shops and services including Japanese-Peruvian restaurant Sen Sakana, Dunkin’ Donuts, a barber, tailor, newsstand, post office and a bicycle room. Andrew Sachs, Tim Gibson, Josh Gosin and Matthew Augarten of NKF represented the landlord, APF Properties, in the lease negotiations. Peter Trivelas and Jason Ward of Cushman & Wakefield represented Advantage Sales & Marketing.

December 5, 2019

Leasing Activity New York Northeast Office

Northwell Health Signs 14,871 Office Lease on Long Island

by Alex Patton December 5, 2019

GREAT RIVER, N.Y. — Nonprofit healthcare provider Northwell Health has signed a 14,871-square-foot office lease at Sunrise Business Center in the Long Island city of Great River. Northwell Health will move into Building 300 at Sunrise Business Center, one of four buildings in the 389,490-square-foot complex. The campus features a full-service café and a 5,000-square-foot conference facility. Tenants include University Support Services, Vitamin World and St. Joseph’s College. The Feil Organization represented the landlord in the lease negotiations.

December 5, 2019

Leasing Activity New Jersey Northeast Retail

Basser Kaufman Secures 2,380 SF Retail Lease for Profile by Sanford in Marlboro, New Jersey

by Alex Patton December 5, 2019

MARLBORO, N.J. — Basser Kaufman has secured a 10-year, 2,380-square-foot retail lease for health and weight loss company Profile by Sanford in Basser’s Marlboro Plaza, located approximately 30 miles east of Trenton. The 303,503-square-foot shopping center has recently undergone an extensive renovation, including a new façade, landscaping and updated parking area. Major tenants include Hobby Lobby, T.J. Maxx, Kohl’s and PetSmart. Basser Kaufman was self-represented the lease negotiations. Marc Shein represented Profile by Sanford, also on an internal basis.

December 5, 2019

Industrial Leasing Activity Texas

Finial Group Negotiates 15,000 SF Industrial Lease in Houston

by Taylor Williams December 5, 2019

HOUSTON — Finial Group has negotiated a 15,000-square-foot industrial lease at 12989 Market Street Road in Houston. Jason Gibbons and Doc Perrier of Finial Group represented the landlord in the lease negotiations. According to LoopNet Inc., the property was built in 1982. The representative of the tenant, truck repair shop AM PM Diesel Services Inc., was not disclosed.

December 5, 2019

Leasing Activity North Carolina Retail Southeast

Four Retailers Join Mixed-Use Fenton Development Near Raleigh

by Alex Tostado December 4, 2019

CARY, N.C. — Hines, Columbia Development and USAA Real Estate have signed four retailers to join the lineup at Fenton in Cary. Cosmetic retailer Sephora will occupy 4,400 square feet, women’s clothing retailer Free People will occupy 4,000 square feet and Bailey’s Fine Jewelry will occupy 5,000 square feet. CMX CineBistro will join Wegmans as the 69-acre development’s anchor tenants. Construction on Fenton is expected to begin next summer with completion anticipated for fall 2021. Phase I will include approximately 345,000 square feet of retail and entertainment space, 170,000 square feet of office space, 350 multifamily residences and a 175-room boutique hotel. The mixed-use project is located at the intersection of Interstate 40 and Cary Towne Boulevard, three miles from downtown Cary and eight miles southwest of downtown Raleigh.

December 4, 2019

Industrial Leasing Activity South Carolina Southeast

AIRSYS Signs 60,000 SF Industrial Lease in Upstate South Carolina

by Alex Tostado December 4, 2019

GREER, S.C. — Cooling solution provider AIRSYS Cooling Technologies Inc. has signed a 10-year lease to occupy 60,000 square feet within the 475-acre Smith Farms Industrial Park in Greer, approximately 13 miles northeast of Greenville. Bobby Lyons of Lyons Industrial Properties represented the tenant in the transaction. The development is located at the intersection of S.C. Highway 101 and 296 (Reidville Road), three miles from where BMW North America is located and nine miles from Inland Port Greer. AIRSYS Cooling Technologies recently announced plans to establish operations in Greer, investing more than $5 million and creating at least 116 new jobs.

December 4, 2019

Industrial Leasing Activity New Jersey Northeast

Goodwill Industries Signs 125,500 SF Industrial Lease in Northern New Jersey

by Alex Patton December 4, 2019

SOUTH HACKENSACK, N.J. — Goodwill Industries has signed a 125,500-square-foot industrial lease in South Hackensack, located in northern New Jersey. The nonprofit organization will occupy the entirety of a newly constructed warehouse at 400 Huyler St. that features 40-foot ceiling heights and 12,000 square feet of office space. Chuck Fern, Thomas D. Tucci, Jason Barton, Stephen Shoemaker, Thomas E. Tucci and Elizabeth Rouse of Cushman & Wakefield represented Goodwill in its site selection and lease negotiations. The team also represented the landlord, Forsgate Industrial Partners.

December 4, 2019

Industrial Leasing Activity Texas

Crane Service Firm Signs 52,000 SF Industrial Lease Near Fort Worth

by Taylor Williams December 3, 2019

BLUE MOUND, TEXAS — Prolift Rigging, a Virginia-based crane services provider, has signed a 52,000-square-foot industrial lease at 1005 S. Blue Mound Road on the northern outskirts of Fort Worth. Forrest Cook and Sarah Ozanne of Stream Realty Partners represented the landlord, Hilzer Family Trust, in the lease negotiations. The representative of the tenant was not disclosed.

December 3, 2019

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 8,500 SF Industrial Lease in Farmers Branch

by Taylor Williams December 3, 2019

FARMERS BRANCH, TEXAS — Lee & Associates has negotiated an 8,500-square-foot industrial lease in Farmers Branch, a northern suburb of Dallas. Nathan Denton and Adam Graham of Lee & Associates represented the landlord, IC Industrial REIT, in the lease negotiations. Robert Powell of Powell Realty Advisors represented the tenant, TSI Commercial Flooring.

December 3, 2019

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