Leasing Activity

Elite Comfort Solutions Expands in Former Kmart Distribution Center in Metro Atlanta by 130,028 SF

by Alex Tostado July 3, 2019

NEWNAN, GA. — Elite Comfort Solutions has leased an additional 130,028 square feet of industrial space in Newnan, bringing its total to 484,382 square feet within a former Kmart distribution center. The center spans almost 2 million square feet and is now fully leased. The property is situated 30 miles southwest of Hartsfield-Jackson Atlanta International Airport and 36 miles southwest of downtown Atlanta. Agellan Capital acquired the building in late 2017 and invested in upgraded sprinklers, loading doors and office space. Ray Stache, Lisa Pittman and Courtney Oldenburg of Cushman & Wakefield represented Agellan Capital and Hove Street, the landlords, in the lease negotiations.

July 3, 2019

Florida Industrial Leasing Activity Southeast

Colliers Negotiates 10,610 SF Office Headquarters Lease in Boca Raton

by Alex Tostado July 3, 2019

BOCA RATON, FLA. — Colliers International has negotiated a 10,610-square-foot office headquarters lease for Nightingale, a registered nurse staffing company. The lease is for 89 months and costs $1.4 million. Nightingale is relocating to 7800 Congress Centre from 6401 Congress Ave., where it occupied 16,455 square feet. Bob Schneiderman of Colliers represented the tenant in the transaction.

July 3, 2019

Industrial Leasing Activity New Jersey Northeast

JLL Negotiates 203,488 SF Industrial Lease in South Brunswick, New Jersey

by Taylor Williams July 3, 2019

SOUTH BRUNSWICK, N.J. — JLL has negotiated a 203,488-square-foot industrial lease at 85 Stults Road in South Brunswick, located north of Trenton, on behalf of an undisclosed apparel company. A joint venture between EverWest Real Estate Investors and Accordia Realty Ventures is developing the facility and expects it to be available for occupancy by the end of the year. Building features will include 36-foot clear heights, 52 loading docks, four drive-in doors, 38 automobile parking spaces and 75 trailer parking spaces. Brian Golden of JLL represented the joint venture, which is also developing a 369,000-square-foot industrial project on an adjacent parcel, in the lease negotiations. Joel Lubin and Gary Politi, also with JLL, represented the tenant, which signed a 10-year lease.

July 3, 2019

Illinois Industrial Leasing Activity Midwest

Frozen Assets Signs 124,409 SF Industrial Lease in Northlake, Illinois

by Kristin Harlow July 3, 2019

NORTHLAKE, ILL. — Frozen Assets LLC has signed a 124,409-square-foot industrial lease at 555 Northwest Ave. in Northlake, about 17 miles west of Chicago. Frozen Assets is a third-party provider of temporary storage, turn-key packing, labeling and logistics for the cold storage industry. Steve Livaditis, John Suerth and Jason Lev of CBRE represented ownership, Bridge Development Partners, in the lease transaction.

July 3, 2019

Industrial Leasing Activity Midwest Wisconsin

Founders 3 Arranges 28,930 SF Flex Industrial Lease in Wisconsin

by Kristin Harlow July 2, 2019

NEW BERLIN, WIS. — Founders 3 Real Estate Services has arranged a 28,930-square-foot flex industrial lease in New Berlin. Brett Deter and Scott Revolinski of Founders 3 represented the landlord, LCM Funds 50 Tennis LLC. The tenant, GWI Ventures LLC, is a company founded to expand opportunities for youth and adult sports in Southeast Wisconsin. It intends to develop an indoor sport court facility for operating leagues and providing training space.

July 2, 2019

Illinois Leasing Activity Midwest Office

Cawley Chicago Negotiates Three Lease Transactions at Suburban Chicago Office Building

by Kristin Harlow July 2, 2019

DES PLAINES, ILL. — Cawley Chicago has negotiated three lease transactions totaling 17,432 square feet at 1111 E. Touhy Ave. in Des Plaines. Cawley represented the landlord, Siete7 LLC in each lease. Architectural and engineering firm Kellermeyer, Godfryt Hart signed a lease for 10,153 square feet. Andrew Kaplan of CBRE represented the tenant. RelaDyne, a distributor of packaged and bulk oils, lubricants and fuels, leased 6,346 square feet. Kevin Segerson and Dan Graham of CBRE represented the tenant. Ryan Freed, Tony Russo and Rawly Lantz of Cawley also arranged a nearly 1,000-square-foot lease with an undisclosed tenant. Siete7 plans to roll out new amenities and property enhancements at the five-story building this summer.

July 2, 2019

Industrial Leasing Activity New Jersey Northeast

NKF Negotiates 200,000 SF Industrial Lease in Parsippany, New Jersey

by Taylor Williams July 1, 2019

PARSIPPANY, N.J. — Newmark Knight Frank (NKF) has negotiated a 200,000-square-foot industrial lease at 100 Jefferson Road in Parsippany, located west of Newark, on behalf of Vitaquest International LLC, a manufacturer of nutritional foods. James Ritman and Trevor Patterson of NKF represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

July 1, 2019

Leasing Activity New York Northeast Office

Knotel to Open 12,500 SF Flexible Office Space in Lower Manhattan

by Taylor Williams July 1, 2019

NEW YORK CITY — Knotel, a provider of flexible office space, has inked a deal to lease 12,500 square feet at 80 White Street in the Tribeca area of lower Manhattan. The company will occupy the third and fourth floors of the recently renovated building beginning in September. Gregory Gang and Catherine O’Toole of Lee & Associates represented the landlord, General Hardware Manufacturing Co., in the lease negotiations. Knotel now has more than 40 locations throughout New York City.

July 1, 2019

Leasing Activity New York Northeast Office

ABS Partners Negotiates 9,903 SF Office Lease in The Bronx

by Taylor Williams June 28, 2019

NEW YORK CITY — ABS Partners Real Estate has negotiated a 9,903-square-foot office lease at 2417 Third Ave. in the Mott Haven neighborhood of The Bronx on behalf of workforce development firm Grant Associates. Andy Udis and Alison Miller of ABS Partners represented Grant Associates, which also recently leased 7,000 square feet at 1825 Park Avenue in Harlem. Mitch Arkin of Cushman & Wakefield and Ellen Israel of JRT Realty represented the landlord, Savanna and Hornig Capital Partners.

June 28, 2019

Leasing Activity New Jersey Northeast Retail

WowMoms World to Open 6,200 SF Store in Paramus, New Jersey

by Taylor Williams June 28, 2019

PARAMUS, N.J. — WowMoms World, a family wellness concept that offers yoga, flotation therapy and massage therapy, will open a 6,200-square-foot store in Paramus, located north of Newark, this fall. The store will be the Canada-based franchise’s first location in the Garden State. David Townes and Alana Friedman of Cushman & Wakefield represented both the tenant and the landlord in the lease negotiations.

June 28, 2019

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