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Leasing Activity

Leasing ActivityNew YorkNortheastOfficeTop Stories

Universal Music Group to Relocate New York Offices to Manhattan’s Penn District

by Kristin Harlow

NEW YORK CITY — Universal Music Group (UMG) has leased 88,000 square feet at Penn 2, a recently completed office tower in the Penn District campus within Midtown Manhattan. Vornado Realty Trust (NYSE: VNO) owns the property. The building will serve as the headquarters of iconic labels Def Jam Recordings, Island Records, Mercury Records and Republic Records, as well as Bravado, UMG’s merchandise company, and Verve Label Group. The property will also serve as the East Coast offices for Universal Music Publishing Group and several UMG corporate functions. UMG’s New York offices have been located at 1755 Broadway since the early 2000s, according to Variety. The global company’s corporate headquarters are in Hilversum, Netherlands. As part of a 22-year lease, UMG will occupy the entire fourth through seventh floors of Penn 2. UMG is also taking a ground-floor space along Seventh Avenue with future plans to debut a retail experience for music fans, as well as a private lobby on 33rd Street that will feature a visitor center and direct elevator access to its floors. UMG will be able to showcase its artists on large-scale LED signage within the Penn District. The new headquarters will be located within The Bustle, …

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Leasing ActivityNorth CarolinaOfficeSoutheast

SouthState Banks Signs 40,000 SF Office Lease in Charlotte’s South End District

by John Nelson

CHARLOTTE, N.C. — Florida-based SouthState Bank has signed a 40,000-square-foot office lease at 110 East, a 23-story office tower located at the intersection of East and South boulevards in Charlotte’s South End district. Chris Schaaf and Jim Thorpe of JLL represented SouthState in the lease transaction. Rhea Greene, Jennifer Kurz and John Hannon of Trinity Partners represented the landlord, a partnership between Stiles and Shorenstein Properties. Other committed tenants at the 370,000-square-foot office tower include Humana, Patterson Pope and Iberian Pig, a Spanish tapas dining concept by Castellucci Hospitality that will occupy a 4,600-square-foot restaurant on the ground level. SouthState Bank plans to take occupancy at 110 East in second-quarter 2026 and staff around 100 employees for its regional office hub. Hastings Architecture designed the office tower, which opened last year.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 94,931 SF Industrial Lease in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Stream Realty Partners has negotiated a 94,931-square-foot industrial lease in the western Houston suburb of Brookshire. The space is located within the 2.3 million-square-foot Empire West Business Park development. Jeremy Lumbreras, Heath Donica, Justin Robinson and Matteson Hamilton of Stream internally represented the landlord in the lease negotiations. Abraham Richardson and Grant Wisenbaker, also with Stream, represented the tenant, Pointsmith Point-of-Purchase Management Services LLC.

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Leasing ActivityMidwestOhioRetail

Eight New Retailers to Open at Easton Town Center in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Eight new retailers with a focus on men’s fashion are opening soon at Easton Town Center, which is home to more than 250 fashion, dining and entertainment offerings in Columbus. Now open is Allen Edmonds, a U.S.-based manufacturer of premium men’s footwear and accessories. The Madewell store is now offering Madewell Men’s. Coming soon to the property are first-in-Ohio locations for Faherty, Peter Millar, State & Liberty, Suitsupply and Todd Snyder. Additionally, the first Vuori store in Columbus will debut.

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Leasing ActivityRetailTexas

EōS Fitness to Open 38,602 SF Gym in Northwest San Antonio

by Taylor Williams

SAN ANTONIO — EōS Fitness will open a 38,602-square-foot gym in northwest San Antonio. The site is located within Bandera Pointe shopping center in the Braun’s Farm neighborhood, and the Dallas-based operator will backfill a space previously occupied by Gold’s Gym. Rise Commercial Partners represented EōS Fitness in the lease negotiations. Global Commercial Real Estate Services represented the landlord, Bridge33 Capital. The opening is set for next year.

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DevelopmentGeorgiaLeasing ActivityOfficeSoutheast

TriNet Signs 150,000 SF Office Lease at High Street Mixed-Use Development in Atlanta

by John Nelson

ATLANTA — HR solutions company TriNet has signed a 150,000-square-foot office lease at High Street, a $2 billion mixed-use district located within the Central Perimeter neighborhood of Atlanta. TriNet’s move is expected to create 750 jobs over the next five years. Jeff Taylor and Adam Viente of JLL represented the landlord, while Tony Guglielmi, Rich Branning, Josh Hirsh, Dom Wyant, Terry McGuirk and Brennan Koslow of JLL represented the tenant in the lease negotiations. GID Development Group recently completed its $415 million Phase I at High Street, which includes two luxury apartment buildings, 320,000 square feet of office space, 150,000 square feet of retail, restaurant and entertainment space and a central lawn for residents, workers and visitors. Upon full buildout of High Street, the 36-acre development will feature 672,000 square feet of office space, a 400-room hotel, 400,000 square feet of retail, dining, fitness and entertainment space and 3,000 residential units.

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Leasing ActivityOfficeTexas

Law Firm Signs 25,024 SF Office Lease at Harwood District in Uptown Dallas

by Taylor Williams

DALLAS — McDermott Will & Emery has signed a 25,024-square-foot office lease at the 19-block Harwood District in Uptown Dallas. The international law firm is relocating within the district to the top floor of Harwood No. 14, which is the newest addition to the development. The space can accommodate about 65 lawyers and staff. No third-party brokers were involved in the lease negotiations.

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DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Tavistock Signs Five New Tenants at Lake Nona West Shopping Center in Orlando

by John Nelson

ORLANDO, FLA. — Tavistock Development Co. has signed five new tenants to join Lake Nona West, a 405,000-square-foot lifestyle shopping center located within Orlando’s master-planned community of Lake Nona. The tenants include Cañonita Mexican Restaurant, Nordstrom Rack, Barnes & Noble, discount retailer HomeSense and Total Wine & More. The new round of lease signings bring the total preleased space at the property to more than 300,000 square feet, which includes a 150,000-square-foot Target anchor store. Situated on 54 acres, Lake Nona West will include wide, shaded walkways, art-lined plazas and community greenspaces. In collaboration with Mercedes-Benz High-Power charging, the center will also offer 20 Level 3 electric vehicle chargers. Tavistock, master developer of Lake Nona, expects to open Lake Nona West in spring 2026.

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Leasing ActivityNew JerseyNortheastOffice

CBRE Negotiates 33,843 SF Lease at Newport Office Center in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — CBRE has arranged a 33,843-square-foot office lease at Newport Office Center in Jersey City. The tenant, Berkley Insurance, will occupy a portion of the ninth floor of Newport Office Center III, a 15-story, 620,000-square-foot building. Howard Fiddle, Benjamin Joseph, Greg Barkan and Erin Wenzler of CBRE, along with internal agents Meredith Jackness, Ray Kawas and Tim Johnson, represented the landlord, LeFrak, in the lease negotiations. The tenant representative was not disclosed.

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Leasing ActivityNew YorkNortheastOffice

Mudrick Capital Signs 26,600 SF Office Headquarters Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Mudrick Capital Management has signed a 12-year, 26,600-square-foot office headquarters lease in Midtown Manhattan. The investment management firm plans to relocate and expand from 527 Madison Avenue to the 16th floor of 31 West 52nd Street early next year. Patrick Heeg, Thomas Hines and Chase Gordon of Transwestern represented the tenant in the lease negotiations. Frank Doyle, David Kleiner and Andrew Coe of JLL, along with internal agents Peter Brindley, Doug Neye and Sean Kirk, represented the landlord, Paramount Group.

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