Leasing Activity

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. 

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MIAMI — NAI Miami has negotiated an 88,011-square-foot industrial lease on behalf of Senator International Freight Forwarding LLC at 10505 N.W. 112th Ave. in Miami. The facility is situated about 20 miles west of downtown Miami. Devin White of CBRE represented the landlord, FS Building 30 LLC, in the lease transaction. Senator International Freight Forwarding specializes in international shipping and logistics with a focus on air and sea freight, as well as on logistics, packaging and customs services.

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CHICAGO — AbelsonTaylor, a health and wellness advertising agency, has signed a lease to occupy nearly 85,000 square feet at the Old Post Office Building in Chicago. The firm plans to move all its operations to the building on March 1, 2020. The property owner, 601W Cos., is transforming the building into office space. Other tenants who have signed office leases at the building include Walgreens, candy manufacturer Ferrara and the Chicago Metropolitan Agency for Planning. Work on the $800 million adaptive reuse project is underway. Plans call for a food hall, fitness center, library and multi-acre rooftop park. Stephen Smith, Jamey Dix and Daniel Heckman of The Telos Group represented building ownership in the lease transaction with AbelsonTaylor. Jack Keenan of Cushman & Wakefield represented the tenant.

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FARMERS BRANCH, TEXAS — Lee & Associates has negotiated a 46,104-square-foot industrial lease at 14275 Welch Road in the northern Dallas metro of Farmers Branch. Adam Graham of Lee & Associates represented the tenant, Missouri-based Don Smith & Associates, in the lease negotiations. Barry Stokes of Exeter Property Group represented the landlord, Finlayson Logistic Assets LLC.

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NEW YORK CITY — Rideshare company Lyft, inc. has signed a 100,638-square-foot lease at Hudson Commons, a 28-story office tower in Manhattan. The building is located at 441 Ninth Ave. Cove Property Group, in partnership with the Baupost Group, purchased the property in December 2016 from Emblem Health. CBRE represented Cove Property Group in the transaction. Lyft was represented by Steven Rotter and Justin Haber of JLL. Peloton Inc. also signed a 312,200-square-foot lease at Hudson Commons in November 2018. 

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MIAMI — Avison Young has arranged two leases totaling 184,718 square feet. within Dolphin Commerce Center in Miami. Roca Tile USA signed a 134,383-square-foot lease renewal and expansion, adding 25,745 square feet to its footprint within the business park. FastKit Corp., a custom packing and printing company, renewed its 50,335-square-foot lease. Dolphin Commerce Center spans 750,000 square feet about 15 miles west of downtown Miami and about 10 miles west of Miami International Airport.

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FRISCO, TEXAS — Keurig Dr Pepper (NYSE: KDP) will relocate its Texas headquarters from Plano to a 350,000-square-foot office space at The Star in Frisco. The build-to-suit property will serve as the company’s second headquarters alongside its current office in Burlington, Mass. Approximately 1,100 employees work in the current Plano location, which KDP has occupied since 1998. The new space is expected to be available for occupancy in 2021.

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PwC-Tower-at-Park-District-Dallas

DALLAS — CBRE Hana, the newly formed coworking subsidiary of the Los Angeles-based full-service real estate firm, will open its first space within PwC Tower at Park District, a 500,000-square-foot office building in Dallas. The space will offer private office suites, conferencing facilities and event space, and the location offers walkability to the Uptown and Arts District areas, as well as Klyde Warren Park. The space is expected to open in mid-2019.

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CARROLLTON, TEXAS — Lee & Associates has negotiated a 55,232-square-foot industrial lease at 2080 McDaniel Drive in the northern Dallas metro of Carrollton. Nathan Denton of Lee & Associates represented the tenant, Buzzballz, a provider of alcoholic beverages, in the lease negotiations. Gil Stroube and Michael Peinado of Lincoln Property Co. represented the landlord, Prologis.

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HOLLAND, MICH. — Martin Commercial Properties has negotiated three retail leases totaling 6,300 square feet at Holland Town Center. The tenants include Michigan Pantry, MBH Stores and Art as a Lifestyle. Robert Lotzar of Martin represented the undisclosed landlord in each of the lease transactions. The retail center, located at 12330 James St., was recently renovated.

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