Leasing Activity

RSM Expands Office Lease at Chicago’s CME Center

by Kristin Harlow May 22, 2019

CHICAGO — Audit, tax and consulting firm RSM has expanded its footprint to 165,323 square feet within CME Center in Chicago. The property, located on South Wacker, is now 95 percent occupied. CME Center consists of two 40-story office towers connected by a 10-story center structure. The property totals 2.3 million square feet. Completed in phases during the 1980s, the asset was recently redeveloped with redesigned lobbies and common area enhancements. Tishman Speyer owns the property. Joe Gordon and Justin Lewis of Tishman Speyer represented ownership in the lease transaction with RSM. Rick Schuham of Savills represented RSM, which has 10,000 employees in 86 offices across the United States.

May 22, 2019

Leasing Activity Office Southeast Virginia

Rubenstein, Griffith Properties Sign Freddie Mac to 150,000 SF Office Lease in Metro D.C.

by Alex Tostado May 21, 2019

TYSONS, VA. — Rubenstein Partners and Griffith Properties have signed a tenant to a full-building, 150,000-square-foot office lease within Centerstone at Tysons. The name of the tenant was not disclosed, however, multiple news outlets report the tenant is government-sponsored enterprise Freddie Mac. Centerstone at Tysons is located near two stops along the Washington Metropolitan Area Transit Authority (WAMTA), as well as Interstate 495 and several retail and dining options. A timeline for Freddie Mac’s move into the space was not disclosed.

May 21, 2019

Leasing Activity Office Texas

NAI Partners Negotiates 3,342 SF Office Lease in Houston

by Taylor Williams May 21, 2019

HOUSTON — NAI Partners has negotiated a 3,342-square-foot office lease at 3 Riverway in Houston. According to LoopNet Inc., the property spans approximately 159,000 square feet and was built in 1982. Alex Taghi of NAI Partners represented the tenant, law firm Sico Hoelscher Harris LLP. CBRE handles leasing at Riverway on behalf of the landlord.

May 21, 2019

Leasing Activity New York Northeast Office

JLL Negotiates 19,799 SF Office Sublease at Rockefeller Plaza in Manhattan

by Taylor Williams May 21, 2019

NEW YORK CITY — JLL has negotiated a 19,799-square-foot office sublease at 1 Rockefeller Plaza in Manhattan on behalf of Quontic Bank, a privately held financial institution. The company will occupy the ninth floor of the 36-story building for the next six years. Tishman Speyer owns the property. Alexander Chudnoff, Benjamin Bass and Harrison Potter of JLL represented Quontic Bank in the lease negotiations. Greg Taubin, Scott Bogetti and Sean Hoffman of Savills Inc. represented the sublandlord, Trammo, which distributes fertilizers and chemicals.

May 21, 2019

Company News Leasing Activity New Jersey Northeast Retail Top Stories

Women’s Apparel Chain Dressbarn to Close All 650 Stores

by John Nelson May 21, 2019

MAHWAH, N.J. — Dressbarn, a women’s apparel retailer, plans to eventually close all 650 of its stores nationwide. The New Jersey-based company is winding down its retail operations and plans to assist its 6,800 associates with transition support as individual stores close. “For more than 50 years, Dressbarn has served women’s fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers,” says Steven Taylor, Dressbarn’s chief financial officer. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment.” No information was made available about how the store closures will affect Dressbarn’s lease agreements in place with landlords, but the company has retained A&G Realty Partners to assist on all real estate-related matters during the wind down process. A&G Realty Partners is actively marketing Dressbarn’s available locations to interested tenants. According to A&G Realty’s marketing materials, Dressbarn’s available stores range in size from a 3,300-square-foot store in Michigan to a 15,000-square-foot location in Virginia Beach. Approximately 165 Dressbarn stores have leases that expire in 2020. In 2021, an additional 111 Dressbarn leases are expected to come due. The …

May 21, 2019

Industrial Leasing Activity Michigan Midwest

Beaumont Health Signs 124,564 SF Industrial Lease in Belleville, Michigan

by Jeff Shaw May 20, 2019

BELLEVILLE, MICH. — Beaumont Health has signed a 124,564-square-foot industrial lease in Belleville, about 30 miles west of Detroit. The lease brings the property, located at 41965 Ecorse Road, to full occupancy. Peter Rogers and Randall Allman of CBRE represented the owner, Brookwood Capital Partners, in the lease transaction. Insite Commercial represented Beaumont Health.

May 20, 2019

Leasing Activity Retail Texas

Crunch to Open $2.5M Gym in Corpus Christi

by Taylor Williams May 20, 2019

CORPUS CHRISTI, TEXAS — National fitness chain Crunch will open a $2.5 million, 25,000-square-foot gym in Corpus Christi. The facility will be located within the Carmel Village Shopping Center and will be open 24 hours a day beginning in fall 2019. The gym will offer more than 70 classes per week, a training area with indoor turf and tanning beds. Crunch also plans to open 21 more gyms throughout Central Texas over the next five years.

May 20, 2019

Leasing Activity Massachusetts Northeast Office

Regenerative Medicine Firm Leases 43,850 SF of Life Science Space Near Boston

by Taylor Williams May 20, 2019

NORWOOD, MASS. — Organogenesis, which provides regenerative medicine for the surgical and sports medicine fields, has leased 43,850 square feet of lab and manufacturing space at 333 Providence Highway in the Boston suburb of Norwood. The single-story building consists of 86,450 square feet of office, lab and flex space. Rob Byrne, Paul Leone, Ryan Romano, George O’Connor and Philip Verre of Cushman & Wakefield represented the landlord, The Davis Companies, in the lease negotiations. Landmark Real Estate Advisors represented the tenant.

May 20, 2019

Leasing Activity Office Texas

NKF to Relocate North Dallas Office to 8,454 SF Space at Plano’s Legacy Business Park

by Taylor Williams May 16, 2019

PLANO, TEXAS — Newmark Knight Frank (NKF) will relocate its North Dallas office to an 8,454-square-foot space at 5201 Tennyson Parkway within Legacy Business Park in Plano. The 124,731-square-foot building was completed in 2015. John Wolf internally represented NKF, which is nearly doubling the size of it old office, in the lease negotiations.

May 16, 2019

Leasing Activity Office South Carolina Southeast

Coworking Firm Signs 28,900 SF Office Lease Within Downtown Greenville’s Camperdown Development

by Alex Tostado May 16, 2019

GREENVILLE, S.C. — Coworking firm Spaces has signed an office lease to occupy the bottom two floors of Falls Tower in downtown Greenville. Falls Tower is a 184,000-square-foot office building under construction at 423 S. Main St. as part of Centennial American Properties’ Camperdown development. This marks Spaces’ first location in South Carolina. It will occupy 28,900 square feet, business solutions firm Elliott Davis will occupy 65,000 square feet and Bank of America will occupy 32,000 square feet at Falls Tower. At full buildout, Camperdown will offer office, residential, retail and hotel space, as well as an outdoor courtyard. Centennial American Properties expects to complete Falls Tower in mid-2020. Charles Gouch and Doug Webster of CBRE represented the landlord and developer in lease negotiations.

May 16, 2019

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