Leasing Activity

HOUSTON — NAI Partners has secured a 64,175-square-foot industrial lease renewal at 5700 Campbell Road in Houston on behalf of Gulf Pacific Rice, a rice processor and merchandiser. Jake Wilkinson of NAI Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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STONE MOUNTAIN, GA. — Children’s Healthcare of Atlanta (CHOA) has leased 114,000 square feet within Stone Mountain Industrial Park in Stone Mountain. The landlord, Atlanta-based Ackerman & Co., acquired the 4.1 million-square-foot industrial park in December 2016. Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman internally. Brandon Wallace of Cushman & Wakefield represented CHOA, which has transformed the space to replicate a hospital wing to test systems and procedures for doctors and nurses. The warehouse is located 10 miles from CHOA’s new North Druid Hills campus in Atlanta.

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ADDISON, TEXAS — Dallas-based coworking firm Common Desk will open a 26,500-square-foot location in Addison, a northern suburb of Dallas. The space will be located within FOURTEEN5, an office park developed by Cawley Partners that is situated just off the Dallas North Tollway. Slated to open in spring 2019, the location will offer private offices, team spaces and game and cocktail lounges.

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DAVENPORT, FLA. — McCraney Property Co. has signed Atlanta-based UPS to a full-building lease at 27 Logistics Park, a 207,676-square-foot, Class A industrial warehouse in Davenport, about 35 miles south of Orlando. The property is adjacent to McCraney’s Park 27, a 602,971-square-foot, Class A development. CBRE Orlando’s David Murphy and Monica Wonus represented McCraney Property, which has offices in West Palm Beach, Fla., and Charlotte.

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CHESTERFIELD TOWNSHIP, MICH. — ABC Supply Co. has signed a 50,000-square-foot industrial lease in Chesterfield Township, about 35 miles north of Detroit. The property is located at 50405 Patricia St. The construction supply company specializes in roofing, windows, gutters and siding for both residential and commercial buildings. The company is relocating from a smaller facility in Macomb Township. Jason Capitani and Joe DePonio of L. Mason Capitani CORFAC International represented the undisclosed landlord.

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CARROLLTON, TEXAS — Lee & Associates has negotiated a 30,294-square-foot industrial lease at 1628 W. Crosby Road in Carrollton, a northern suburb of Dallas. Ken Wesson and Adam Graham of Lee & Associates represented the landlord, EastGroup Properties LP. Keenan Cook of Mercer Co. represented the tenant, Exalt Printing Solutions LLC.

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DALLAS — Venture X, a Florida-based coworking concept, has opened a 22,553-square-foot space at One McKinney, a 15-story office building located in Uptown Dallas. The space will cover the fifth floor and feature communal areas, conference rooms, 240 dedicated desks and both private and virtual offices. Ryan Hoopes of Colliers International represented Venture X in the lease negotiations. Elliot Prieur and Allison Johnston internally represented the landlord, Gaedeke Group.

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HOUSTON — Waste Management Inc. (NYSE: WM), has leased nine floors totaling 284,000 square feet at Capitol Tower, a 35-story office project being developed in Houston. Capitol Tower, which is slated to be complete by late 2019, is now 72 percent preleased. Waste Management Inc. will move into its new space in 2020. Rich Pancioli, Jon Lee and Lisa Konieczka of CBRE represented the tenant in the lease negotiations. Kristen Rabel and Warren Savery, also of CBRE, represented the developer and landlord, Skanska.

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PASADENA, TEXAS — Marcus & Millichap has brokered the sale of Harris Professional Pavilion, a 17,636-square-foot retail/office center in Pasadena, a southeastern suburb of Houston. Justin Miller, Harris Brooks and Davis Hansen of Marcus & Millichap represented the seller, a Houston-based investor, in the transaction. Tommy Lovell III and Richard Robson, also of Marcus & Millichap, procured the buyer, which acquired the property via a 1031 exchange. Other terms of sale were not disclosed.

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FORT WORTH, TEXAS — MedEquities Realty Trust Inc. (NYSE: MRT) has signed a 15-year lease with Creative Solutions in Healthcare, a Fort Worth-based operator of skilled nursing and assisted living facilities. Beginning in 2019, Creative Solutions will assume operations of all 10 MedEquities facilities currently leased to an affiliate of OnPointe. Creative Solutions currently operates 55 skilled nursing and assisted living facilities in Texas.

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