LOCKPORT, ILL. — Pepperidge Farm Inc. has leased 87,602 square feet of industrial space at Heritage Crossing in Lockport. The property is located at 15901 W. 147th St. Heritage Crossing, a 228-acre business park, is now 94 percent leased. Jason West and Brian Borget of Cushman & Wakefield represented Pepperidge Farm, a cookie, cracker and bread company, in the lease transaction. Dan Leahy, Mark Moran and John Whitehead of NAI Hiffman represented the landlord, ML Realty Partners.
THE WOODLANDS, TEXAS — Energy giants Entergy and ExxonMobil have both signed office leases at Lake Front North in Hughes Landing, a mixed-use development by The Howard Hughes Corp. (NYSE: HHC). The property is located in The Woodlands, about 30 miles north of Houston. Entergy’s new lease totals 54,010 square feet and ExxonMobil’s new lease spans 26,103 square feet. Entergy assumed occupancy in November 2018 and ExxonMobil expects to move in this month.
SALEM, N.H. — Cornerstone Realty Capital has arranged a $5.7 million acquisition loan for Rosewood apartments, a 42-unit multifamily complex in Salem. Located in Rockingham County, the property consists of seven, two-story buildings situated in a cul-de-sac setting on a private lot. The property is approximately 30 miles north of Boston. Patrick Brady of Cornerstone Realty Capital secured the financing on behalf of the undisclosed borrower. The lender was also undisclosed. Terms of the financing included four years of interest-only payments.
NEW YORK CITY — Collaborative workspace provider WeWork has signed a 201,231-square-foot lease at One Seaport Plaza in Manhattan. Located at 199 Water St., the 35-story property is owned by Jack Resnick & Sons. The 15-year lease is for WeWork to occupy the top five floors at the property. John Cefaly, Robert Constable, Ethan Silverstein, Stephen Bellwood and Myles Fennon of Cushman & Wakefield represented Jack Resnick & Sons in the transaction with WeWork.
BRIARCLIFF MANOR, N.Y. — Senior Lifestyle Corp. has opened a welcome center at The Club at Briarcliff Manor, a seniors housing community in Briarcliff Manor, approximately 25 miles north of Manhattan. A grand opening was recently held for prospective residents, who can start moving into the community in late spring. The Club at Briarcliff Manor features a mix of 287 independent living, assisted living and memory care apartments in two interconnected buildings. The independent living apartments range from 974 square feet to 1,111 square feet. Monthly rents start at $7,350. The name and architecture are an homage to the Briarcliff Lodge, a grand resort hotel built in the early 1900s. The 59-acre property features views of the Hudson River and Manhattan skyline, numerous walking trails and landscaped grounds originally designed by Frederick Law Olmstead.
OVERLAND PARK, KAN. — Retina Associates, which provides eye care services to the greater Kansas City community, is expanding its practice locally. Beginning in June, the retina specialist will occupy 8,580 square feet on the second floor of 6201 College Boulevard, a seven-story, multi-tenant office building located in Overland Park. Ryan Biery, senior vice president of brokerage at Copaken Brooks, represented 6201 College in the deal, while Mike Sonnenberg from NAI Heartland represented Overland Park-based Retina Associates. One of the major tenants at 6201 College Boulevard is the Polsinelli law firm. Built in 1990 as the headquarters for the National Collegiate Athletic Association (NCAA), the building includes 154,700 square feet of rentable building area. The NCAA moved its headquarters to Indianapolis in 1998, at which point the building was converted to multi-tenant office space.
NEW YORK CITY — Brax Realty has secured a 99-year ground lease for a development site in the Mott Haven section in the Bronx. The lease is valued at $108 million. The properties are located at 550 Trinity Ave. and 571 Jackson Ave. The site offers a buildable square footage of 52,318 square feet. Brax Realty secured the ground lease on behalf of the landlord, M&R Friedlander Supply Co. The lessee is 550 Trinity LLC.
DALLAS — JP Morgan Chase has signed a 41,906-square-foot office lease renewal at Preston Commons, a three-building office park located in the University Park area of Dallas. The 427,799-square-foot property, which is owned by California-based KBS, features an outdoor patio, fitness center and an onsite restaurant and bar. Russell Cosby and Torrey Littlejohn of JLL represented JP Morgan Chase in the lease negotiations.
DALLAS — Holt Lunsford Commercial has negotiated a 13,440-square-foot industrial lease renewal at 10990 Petal St. in Dallas. Josh Barnes and Ben Wallace of Holt Lunsford represented the landlord, Rialto Capital Management, in the lease negotiations. The representative of the tenant, Ferguson Fire & Fabrication, was not disclosed.
NEW HAVEN, CONN. — Connecticut Conference of Municipalities (CCM) has signed a 30,000-square-foot lease at 545 Long Wharf Drive in New Haven. CCM, an organization of municipal leaders, will relocate its corporate offices from 900 Chapel St. to 545 Long Wharf Drive. O,R&L Commercial represented CCM in the transaction. The landlord, 545 Long Wharf Holdings, was represented by David Hansen of CBRE New England.
