Leasing Activity

Voit Real Estate Arranges $148M Lease to Bring VA Outpatient Clinic to San Diego

by Amy Works April 1, 2019

SAN DIEGO — Voit Real Estate Services has arranged a 20-year, $148 million lease of an existing, 100,000-square-foot facility located at 8875 Aero Drive in San Diego. The United States Department of Veterans Affairs (VA) leased the property from Protea Properties, which acquired the asset in August 2017. Brandon Keith and Kipp Gstettenbauer of Voit’s San Diego office, along with Voit’s Private Client Group, directed the lease. The facility, which is situated on 7.7 acres, will be transformed into a state-of-the-art VA outpatient clinic — the only one of its kind in Southern California. Once completed, the new clinic will total 140,000 square feet and feature significant interior and exterior upgrades, as well as a new multi-level parking structure.

April 1, 2019

Indiana Industrial Leasing Activity Midwest

Denso Signs 311,483 SF Industrial Lease in Jeffersonville, Indiana

by Kristin Harlow March 29, 2019

JEFFERSONVILLE, IND. — Denso Products and Services Americas Inc. has signed a 311,483-square-foot industrial lease at River Ridge Commerce Center in Jeffersonville. The Opus Group developed the 426,450-square-foot building, which features a clear height of 32 feet and 44 dock positions. Denso is an automotive parts manufacturer. Kevin Groves of CBRE represented Opus in the lease transaction.

March 29, 2019

Leasing Activity Midwest Ohio Retail

J. Crew, Sephora Join Retail Lineup at Pinecrest in Cleveland

by Kristin Harlow March 29, 2019

CLEVELAND — J. Crew and Sephora are the latest retail tenants to join Pinecrest, a 750,000-square-foot mixed-use development in Cleveland’s Orange Village. The retailers are set to open later this year. J. Crew will occupy 5,700 square feet Sephora will occupy 5,500 square feet across from Pottery Barn. Previously announced tenants at Pinecrest include REI, West Elm, Shake Shack and Vineyard Vines.

March 29, 2019

Development Georgia Industrial Leasing Activity Southeast Top Stories

Red Rock Completes 1 MSF Distribution Center in Metro Atlanta, Signs Apparel Giant PVH as Tenant

by Kristin Harlow March 29, 2019

PALMETTO, GA. — PVH Corp., a global apparel company, has signed a 1 million-square-foot lease for a new distribution facility in Palmetto, about 27 miles southwest of downtown Atlanta. The newly delivered facility is located within Shugart Farms, which Red Rock Developments built in partnership with Wharton Industrial and Starwood Capital Group. Brad Pope of JLL negotiated the 20-year lease transaction. Built on a speculative basis, the developers are underway on $77.6 million in tenant improvements for PVH. Formerly known as Phillips-Van Heusen, PVH manages a portfolio of clothing brands, including Calvin Klein, Tommy Hilfiger, Van Heusen, Izod, Arrow, Speedo, Warner’s, Olga, Geoffrey Beene and True&Co. By the end of the year, the new distribution center will create approximately 575 jobs once fully operational. PVH’s new facility is located along I-85, near to the CSX Fairburn Intermodal terminal and Hartsfield-Jackson Atlanta International Airport. The site is also about 250 miles from the Port of Savannah, a key factor in the selection of the facility, according to the developer. “When we began development on this spec building, we knew we had the key ingredients to meet the needs of a modern bulk tenant,” says John Barker Jr., president and chief development …

March 29, 2019

Leasing Activity Retail Texas

NAI Partners Negotiates 25,695 SF Retail Lease in Metro Houston

by Taylor Williams March 28, 2019

PASADENA, TEXAS — NAI Partners has negotiated a 25,695-square-foot retail lease at 1222 S. Shaver St. in Pasadena, a southeastern suburb of Houston. Lesley Rice and Andy Parrish of NAI Partners represented the landlord in the lease negotiations. Chris Holder, also with NAI Partners, represented the tenant, Crazy Boss, which expects to open 10 additional stores over the next two to three years.

March 28, 2019

Connecticut Leasing Activity Northeast Office

Cushman & Wakefield Arranges 30,000 SF Office Lease in Danbury, Connecticut

by David Cohen March 28, 2019

DANBURY, CONN. — Cushman & Wakefield has arranged a 30,000-square-foot lease for Christian-nonprofit organization Guideposts at 39 Old Ridgebury Road in Danbury. Built in 1982 as the headquarters of Union Carbide, the property consists of 700,000 square feet of office space, 400,000 square feet of residential apartments and 100,000 square feet of conference and event space. Adam Klimek, Kathleen Fazio, Meredith Siburn, Bill Montague and Brian Scruton of Cushman & Wakefield represented the landlord, Summit Development, in the transaction. Trip Hoffman of Cushman & Wakefield represented Guideposts.

March 28, 2019

Florida Industrial Leasing Activity Southeast

Logistics Company Renews 364,608 SF Industrial Lease in Miami

by Alex Tostado March 27, 2019

MIAMI — Ceva Logistics, a global logistics supply chain company, has renewed its long-term, 364,608-square-foot lease to fully occupy 5601 NW 72nd Ave. in Miami. The industrial property is situated about seven miles west of Miami International Airport. Thomas Kresse, Ben Eisenberg Walter Byrd and Carlos Gaviria of Transwestern Commercial Services represented the landlord, Clarion Partners, in the lease transaction. Devin White of CBRE represented the tenant.

March 27, 2019

Industrial Leasing Activity Texas

Furniture Maker, Distributor Signs 189,200 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams March 26, 2019

GRAND PRAIRIE, TEXAS — Cherryman Industries, a manufacturer and distributor of office furniture, has signed an 189,200-square-foot industrial lease at Grand Lakes 4053 in Grand Prairie, located roughly midway between Dallas and Fort Worth. Duke Realty owns the front-load building, which features 32-foot clear heights, a 185-foot truck court, 112 automobile parking spaces and 44 trailer parking spaces. Krista Raymond and Dave Anderson of CBRE represented Cherryman Industries in the lease negotiations. Randy Wood represented Duke Realty on an internal basis.

March 26, 2019

Leasing Activity Retail Texas

Urban Air to Open 30,706 SF Trampoline Park in Metro Dallas

by Taylor Williams March 26, 2019

MESQUITE, TEXAS — Urban Air Adventure Park, an entertainment concept that centers on trampolines, will open a 30,706-square-foot venue in Mesquite, an eastern suburb of Dallas. The venue will be located within a freestanding building at 3777 Childress Ave. that was previously occupied by sporting goods retailer Gander Mountain, which filed for bankruptcy in 2017. David Zoller and Derek Schuster of Weitzman represented the landlord in the lease negotiations. Mike Stern and Josh Flores of EDGE Realty Partners represented Urban Air, which plans to open the venue late this summer.

March 26, 2019

Connecticut Leasing Activity Northeast Office Property Type

FujiFilm North America Signs 3,976 SF Office Lease in Connecticut

by David Cohen March 26, 2019

TRUMBULL, CONN. — FujiFilm North America Group has signed a 3,976-square-foot office lease in Trumbull. Located at 204 Spring Hill Road, the 40,705-square-foot building was built in 1990. Jon Angel of Angel Commercial represented the landlord, Trefoil Park Properties LLC, in the transaction. FujiFilm will relocate from an office in Norwalk.

March 26, 2019

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