Leasing Activity

Endurance Builders Completes Renovation of Two Houston Office Buildings Totaling 880,000 SF

by Taylor Williams July 12, 2019

HOUSTON — General contractor Endurance Builders has completed renovations of One and Three Riverway, two office buildings totaling 880,000 square feet in Houston. Ziegler Cooper Architects handled the design of the renovation program, which delivered new amenities such as a coffee bar, tenant lounge, fitness center and conference centers. Additionally, law firm McKinney Taylor PC has signed a 10,000-square-foot lease at Three Riverway and will move in this summer, and Commonwealth Projects LLC relocated to a 10,616-square-foot space at One Riverway earlier this year. CBRE handles leasing of the buildings, and Unilev Management Corp. manages them.

July 12, 2019

Industrial Leasing Activity Texas

Plastic Manufacturer Signs 56,195 SF Industrial Lease in Metro Houston

by Taylor Williams July 12, 2019

HUMBLE, TEXAS — Plastic manufacturer Starplast USA LLC has signed a 56,195-square-foot industrial lease at 8575 Volta Drive in Humble, a northern suburb of Houston. According to LoopNet Inc., the property was built in 2016 and spans 168,400 square feet. John Hornbuckle of Cypressbrook Co. represented the landlord, Nuveen Real Estate, in the lease negotiations. Ryan Fuselier of JLL represented the tenant.

July 12, 2019

Leasing Activity Office Texas

NAI Partners Secures 5,106 SF Office Lease in West Houston

by Taylor Williams July 12, 2019

HOUSTON — NAI Partners has secured a 5,106-square-foot office lease at 510 Bering Drive in west Houston for Partners Surgical LLC, which acquires, develops and manages acute surgery centers across the United States. According to LoopNet Inc., the property was built in 1984 and totals 100,840 square feet. Dan Boyles of NAI Partners represented the tenant in the lease negotiations. Richard Barbles of Stream Realty Partners represented the landlord.

July 12, 2019

Development Leasing Activity Midwest Ohio

Six New Retailers Confirmed for $500M Easton Town Center Expansion

by Kristin Harlow July 12, 2019

COLUMBUS, OHIO — Six new retailers have been confirmed as part of the $500 million expansion of Easton Town Center in Columbus. The retailers include Ivan Kane’s Forty Deuce Café & Speakeasy, Arhaus Furniture, Pins Mechanical Co., The Beeline, Forbidden Root Restaurant and Brewery and Crimson Cup Coffee & Tea. At Forty Deuce, the ground floor will include a café serving burgers and desserts while the upstairs will incorporate a hidden speakeasy. The new Arhaus store will span 17,500 square feet. Ohio-based Pins Mechanical has already opened with 30,000 square feet of bowling, foosball, pinball, duckpin bowling and ping pong. The Beeline is a 3,000-square-foot bar with outdoor entertainment space. Forbidden Root’s 12,000-square-foot location will be its first outside of Chicago and is scheduled to open late this month. Crimson is a Columbus-based coffee roaster. The expansion of Easton will encompass 140,000 square feet of new retail and restaurant space, 125,000 square feet of office space and 750 residential units, all set to open in late 2019 and early 2020. Co-developed by The Georgetown Co., L Brands and Steiner + Associates, Easton is a 1,300-acre mixed-use development in northeast Columbus.

July 12, 2019

Georgia Leasing Activity Office Southeast

WeWork Leases Total of 150,000 SF of Space in Metro Atlanta

by Alex Tostado July 11, 2019

ATLANTA — WeWork has signed three office leases in metro Atlanta totaling 150,000 square feet. In the first lease, WeWork will occupy 35,000 square feet and all three stories of office space within a mixed-use project located at 120 W. Trinity Place in downtown Decatur. The space will accommodate 540 members. Atlanta-based Cousins Properties is developing the project, which will include 18,000 square feet of retail and restaurant space, 329 residential units and a parking deck, in addition to WeWork’s office space. Construction is expected for the first half of 2020. WeWork’s second lease is in Atlanta’s Central Perimeter district in Sandy Springs. The coworking company will lease 70,000 square feet of office space at 1155 Perimeter Center W. WeWork will occupy three floors and will accommodate 1,200 members. The space is expected to open in early 2020. WeWork also signed a 45,000-square-foot lease spanning two floors along the Atlanta BeltLine’s Eastside Trail near Ponce City Market. WeWork will occupy the space within the 725 Ponce project by the end of this year. Developer New City Properties plans to open 725 Ponce this fall. The project will comprise 370,000 square feet of office space and include an urban prototype Kroger …

July 11, 2019

Illinois Leasing Activity Midwest Office

Accenture Expands Office Lease in Chicago, Becomes Namesake Tenant

by Kristin Harlow July 11, 2019

CHICAGO — Accenture, the giant global business and information technology consulting services firm, has expanded its lease at 500 West Madison in Chicago by 152,454 square feet. In conjunction with the lease, the building will be rebranded as Accenture Tower. The company now occupies a total of 226,486 square feet at the 40-story office tower, which is owned by KBS Real Estate Investment Trust III. The first two levels of the property comprise 80,000 square feet of retail space. KBS intends to reposition the lobby and amenity areas to reflect the new partnership with Accenture. The building was constructed in 1987 and renovated in 2015 to include a fitness center and tenant lounge. Kyle Kamin, Todd Lippman and Michael Dash of CBRE represented Accenture in the lease transaction. Wendy Katz and Matt Lerner of Cushman & Wakefield represented KBS. Accenture employs 482,000 people serving clients in more than 120 countries.

July 11, 2019

Leasing Activity Office Texas

WeWork to Open 56,000 SF Coworking Space in Downtown Houston

by Taylor Williams July 9, 2019

HOUSTON — WeWork will open a 56,000-square-foot coworking space at 609 Main at Texas, a 1 million-square-foot office tower in downtown Houston that was developed by Hines. Members will have access to the building’s café and 7,000-square-foot fitness center. Michael Anderson and Damon Thames of Colvill Office Properties represented Hines in the lease negotiations. Mark O’Donnell of Savills Commercial Real Estate represented WeWork, which now has four locations in Houston. The opening is slated for late 2019.

July 9, 2019

Leasing Activity Midwest Retail Wisconsin

Dave’s Guitar Shop Leases 5,209 SF in Milwaukee

by Kristin Harlow July 9, 2019

MILWAUKEE — Dave’s Guitar Shop LLC has signed a 5,209-square-foot retail lease in Milwaukee. The guitar store will occupy the space at 914 S. 5th St. Max Jacobson and Drew Speth of Mid-America Real Estate-Wisconsin LLC represented the tenant in the lease transaction. The landlord was not disclosed. Dave’s Guitar Shop first opened in La Crosse, Wis. in 1982.

July 9, 2019

Leasing Activity Midwest Missouri Office

Law Organizations to Share Office Space in Kansas City’s Country Club Plaza

by Kristin Harlow July 8, 2019

KANSAS CITY, MO. — Kirkendall Dwyer LLP and Law Tigers have jointly signed a long-term office lease for 1,474 square feet at the Skelly Building in Kansas City’s Country Club Plaza. The organizations will occupy Suite 208 on the second floor. The building, located at 605 W. 47th St., is now 97 percent occupied. Other tenants include Panera Bread, Bo Lings Chinese restaurant, Footlocker, Roth Living, McDowell Rice Smith & Buchanan, House Park & Dobratz, Block & Co. Inc. Realtors and MegaStar Financial. Alex Block of Block & Co. handled the lease transaction on behalf of property ownership. Kirkendall Dwyer specializes in automotive personal injury. Law Tigers is a national network of motorcycle accident attorneys that focuses more specifically motorcycle personal injury. Block & Co. is the property manager for the Skelly Building.

July 8, 2019

California Leasing Activity Restaurant Retail Western

Social Syndicate Signs $2.4M Retaurant Lease in San Diego

by Jeff Shaw July 8, 2019

SAN DIEGO — Location Matters has arranged a $2.4 million, 10-year lease for Social Syndicate, a San Diego-based multi-concept restaurant group, for a space at 1852 Bacon St. in the Ocean Beach neighborhood of San Diego. Nati’s Mexican Restaurant had occupied the freestanding restaurant building for nearly 60 years before the Social Syndicate lease. The new restaurant will also carry a Mexican theme. Nati’s Inc., which is controlled by Foley Development, owns the property. Future plans call for developing the land directly behind the restaurant into an apartment complex. Mike Spilky of Location Matters represented the landlord and tenant in the transaction. Social Syndicate will occupy 2,660 square feet inside the building, in addition to 1,468 square feet of patio space.

July 8, 2019

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