Leasing Activity

Transwestern Secures 45,457 SF Office Lease for Philanthropy Center in Chicago

by Kristin Harlow November 22, 2019

CHICAGO — Transwestern Commercial Services has secured a 45,457-square-foot office lease at 200 W. Madison in Chicago for FBRK, a membership-based work and philanthropy center dedicated to serving and supporting grant makers, family foundations and investors. Founded by former Chicago Bears football player Israel Idonije, FBRK Impact House will occupy three floors of the Class A office tower, which is owned by Multi-Employer Property Trust with BentallGreenOak as its advisor. The space includes a public work lounge and restaurant on the first floor, with membership access to offices, lounges and amenities on the second and third floors. FBRK Impact House is expected to open in March 2020. Larry Serota, Cece Conway and Holly Bailey of Transwestern represented FBRK in the site selection and lease negotiation.

November 22, 2019

Industrial Leasing Activity South Carolina Southeast

Fiberglass Supplier Leases 280,000 SF of Industrial Space Near Columbia

by Alex Tostado November 21, 2019

BLYTHEWOOD, S.C. — Jushi USA, a California-based supplier of fiberglass reinforcements and fabrics, has leased 280,000 square feet of industrial space at 10700 Farrow Road in Blythewood, a suburb of Columbia. The property is part of the Carolinas Industrial Properties portfolio, which consists of 39 buildings spanning 5.5 million square feet and housing 55 tenants. Built in 1971, 10700 Farrow Road is located 15 miles north of downtown Columbia and 20 miles north of one of Jushi’s existing distribution centers. The Blythewood facility was the largest available industrial space for lease in the Columbia market and previously housed KitchenAid, Little Tikes, Remington, Pure Power Technologies and Samsung. Colliers International’s Chuck Salley, Dave Mathews, Thomas Beard and John Peebles represented the landlord, Reger Holdings LLC, in the lease negotiations.

November 21, 2019

Industrial Leasing Activity New Jersey Northeast

Romark Logistics Signs 249,853 SF Industrial Lease in Edison, New Jersey

by Alex Patton November 21, 2019

EDISON, N.J. — E-commerce distributor Romark Logistics has signed a 249,853-square-foot industrial lease in Edison, a southwestern suburb of New York. Located at 145 Talmadge Road, the property offers 28-foot ceiling heights as well as close access to the New Jersey Turnpike, Newark Liberty International Airport and the Port of Newark. Scott Belfer of CBRE represented Romark Logistics in the lease negotiations. Scott Belfer, Nicholas Nitti and Lou Belfer of CBRE represented the landlord, which was undisclosed.

November 21, 2019

Leasing Activity Michigan Midwest Retail

Planet Fitness Franchisee Leases 24,797 SF in Grand Rapids

by Kristin Harlow November 21, 2019

GRAND RAPIDS, MICH. — PF Michigan Group, a Planet Fitness franchisee, has leased a 24,797-square-foot space at 234 Market St. in Grand Rapids. Planet Fitness will serve as the anchor tenant of the approximately 31,000 square feet of commercial space at the property. Maplegrove Property Management LLC is the landlord. PF Michigan Group currently owns and operates 47 Planet Fitness locations throughout Michigan and northwest Ohio. Todd Leinberger, Mary Anne Wisinski-Rosely and Jason Makowski of NAI Wisinski of West Michigan represented the landlord while Lars Anderson of NorthStar Commercial represented the tenant in the lease transaction. The gym is expected to open in late spring 2020.

November 21, 2019

Development Leasing Activity Office Southeast Tennessee

Mitsubishi Confirms New U.S. Headquarters Office in Franklin, Tennessee

by John Nelson November 20, 2019

FRANKLIN, TENN. — Mitsubishi Motors North America, Inc. (MMNA) has confirmed the location for the company’s permanent headquarters in the Cool Springs district of Franklin, a suburb south of Nashville. The automotive company has signed a long-term lease for approximately 40,000 square feet at the McEwen Northside mixed-use project that Boyle Investment Co. is developing. Scheduled for completion in early spring 2020, the greenfield-developed project is located at 4015 Aspen Grove Drive. MMNA will occupy the entire top floor and approximately half of the floor beneath, with exclusive external building signage rights, including the brand’s logo. Scott Wetzel, Mitch Lundquist, Bo Tyler and Kevin Ziomek of JLL represented MMNA in the lease negotiations. Currently headquartered in Cypress, Calif., MMNA is responsible for the sales, research and development, marketing and customer service of Mitsubishi Motors vehicles in the United States.

November 20, 2019

Development Florida Leasing Activity Retail Southeast

Terra Signs New Retailers for Doral Square Shopping Center Near Miami

by John Nelson November 20, 2019

DORAL, FLA. — Miami-based real estate developer Terra has signed several new retailers for Doral Square, a 150,000-square-foot retail center in Doral, about 17 miles west of Miami. The new development will include anchors 24 Hour Fitness and Marshalls and will be built on the southeast corner of Doral Boulevard and 87th Avenue, near Carnival Cruise Lines’ offices and Trump National Doral Resort. Doral Square is over 42 percent preleased, including restaurant tenants World of Beer and Panda Express. The project is scheduled to break ground by the end of this year, with delivery expected in 2021. Terra’s other projects in Doral include the nearby Doral Commons retail center and in-progress retail developments Atrium Doral and District 79.

November 20, 2019

Leasing Activity New Jersey Northeast Retail

NAI James Hanson Negotiates 12,000 SF Retail Lease for Indian Grocer in Parsippany, New Jersey

by Alex Patton November 20, 2019

PARSIPPANY, N.J. — NAI James Hanson has negotiated a 12,000-square-foot retail lease for specialty grocer Indian Stream LLC in Parsippany, located approximately 30 miles west of New York City. The building features 122 feet of highway frontage as well as attached warehouse space. Darren Lizzack and Randy Horning of NAI James Hanson represented the landlord, Peak Realty Associates LLC, in the lease negotiations. The duo also represented Indian Stream.

November 20, 2019

Illinois Leasing Activity Midwest Office

Colliers Negotiates 116,000 SF in Office Leases at Parkway North Center in Deerfield, Illinois

by Kristin Harlow November 20, 2019

DEERFIELD, ILL. — Colliers International principals Darryl Silverman and Steve Kling recently negotiated office leases totaling more than 116,000 square feet at Parkway North Center in Deerfield. Colliers represented building ownership, Fulcrum Asset Advisors and True North Management. At Six Parkway North, Lundbeck and Advanced Clinical signed leases. The property is now 95 percent leased. Lundbeck, a global pharmaceutical company, leased an additional 24,500 square feet to bring its total footprint to 73,000 square feet. John Goodman of Savils represented Lundbeck. Advanced Clinical signed a new lease for 16,521 square feet and will relocate from Ten Parkway North. Larry Serota and John Marquardt of Transwestern represented the tenant. At Nine Parkway North, now 88 percent leased, Michael Silver & Co. leased 19,253 square feet. The firm will relocate from Skokie in 2020. John Goodman and Isabel Preskill of Savils represented the accounting and consulting firm. Global executive search and leadership consulting firm Spencer Stuart leased 7,890 square feet. Bill Rogers and Isabelle Montagne of JLL represented the tenant.

November 20, 2019

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 77,415 SF Industrial Lease Renewal in Dallas

by Taylor Williams November 20, 2019

DALLAS — Holt Lunsford Commercial has negotiated a 77,415-square-foot industrial lease renewal at 631-641 W. Mockingbird Lane in Dallas. According to LoopNet Inc., the property was built in 1980, spans 133,000 square feet and features 26-foot clear heights. Canon Shoults of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. Craig Jones and Michael Haggar of JLL represented the tenant, Dakota Premium Hardwood.

November 20, 2019

Leasing Activity Retail Texas

Fun Movie Grill to Open 70,000 SF Venue at Mustang Square in Plano

by Taylor Williams November 20, 2019

PLANO, TEXAS — Fun Movie Grill, an entertainment concept that combines food, bowling, movies and games, will open a 70,000-square-foot venue in Plano. The eight-screen location will be part of Mustang Square, a 36-acre mixed-use development that will include 90,000 square feet of office space, hotels, residential villas and townhomes and a public plaza. Dan Avnery and Stewart Korte of NAI Robert Lynn represented the tenant and the landlord, Thakkar Developers, which broke ground on Phase I of the project in October, in the lease negotiations. The venue, which is scheduled to open in 2020, will be Fun Movie Grill’s fourth entertainment center in the metroplex.

November 20, 2019

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