Leasing Activity

Liberty Property Trust Signs Two Tenants to Industrial Leases in Upstate South Carolina

by Alex Tostado April 30, 2019

DUNCAN, S.C. — Liberty Property Trust (LPT) has signed Rochling Automotive USA and XPO Logistics to industrial leases at Hillside Industrial Park in Duncan. Hillside Industrial Park is situated near U.S. Highway 290, less than a mile from the Interstate 85 interchange. Rochling Automotive has renewed its 124,800-square-foot, full-building lease at 265 East Parkway. The German-based automotive company designs and engineers components and system solutions in the fields of aerodynamics, propulsion and new mobility for automotive manufacturers globally. Bobby Lyons of Lyons Industrial represented the tenant in the lease transaction. Bryan Blythe represented LPT internally. The industrial REIT also signed XPO Logistics to a 32,000-square-foot lease at 170 Parkway West. Russell Perry and Russell Perry Jr. of R.E. Perry Co. represented XPO Logistics in the lease transaction. Brian Young, Elliott Fayssoux and Kacie Jackson of Cushman & Wakefield | Thalhimer represented LPT.

April 30, 2019

Leasing Activity Office Texas

Alight Solutions Signs 180,000 SF Office Lease in Metro Houston

by Taylor Williams April 30, 2019

THE WOODLANDS, TEXAS — Wealth and human resources consulting firm Alight Solutions has signed a 180,000-square-foot office lease within The Woodlands, a master-planned community located north of Houston. The company’s new office space will offer access to walking trails and other outdoor amenities. The build-to-suit lease is for a building in The Woodlands that is currently under construction and is expected to be complete by spring 2020. Ronnie Deyo and David Bale of JLL represented Alight Solutions in the lease negotiations. Robert Parsley, Norm Munoz and Jillian Fredericks of Colliers International represented the landlord and developer, The Howard Hughes Corp.

April 30, 2019

Leasing Activity Office Texas

CBRE Negotiates 8,828 SF Office Lease in Richardson, Texas

by Taylor Williams April 30, 2019

RICHARDSON, TEXAS — CBRE has negotiated an 8,828-square-foot office lease at 3001 E. George Bush Turnpike in Richardson, a northeastern suburb of Dallas. Tommy Nelson and Ben Davis of CBRE represented the landlord, Buchanan Street Partners, in the lease negotiations. Jeff Smith of Transwestern represented the tenant, Cardiovascular Provider Resources LLC.

April 30, 2019

Illinois Leasing Activity Midwest Office

Home Chef to Move Headquarters to Chicago’s Old Post Office

by Kristin Harlow April 30, 2019

CHICAGO — Home Chef has unveiled plans to move its headquarters into the redeveloped Old Post Office in Chicago this year. Home Chef, which merged with The Kroger Co. in 2018, will use the new space to accelerate growth, develop new products and expand its offerings. The company, which produces meal kits, will occupy 74,000 square feet. Home Chef currently has more than 750 employees in the Chicago area at its corporate offices in the Wrigley Building, satellite offices and distribution center in Bedford Park. The renovation of the Old Post Office Building is an $800 million project currently underway by owner 601W Cos. to transform the property into office space. Other tenants who have recently signed leases include Walgreens, Ferrara Candy Co. and AbelsonTaylor.

April 30, 2019

Leasing Activity Michigan Midwest Restaurant Retail

The Donut Conspiracy to Open Two New Locations in Michigan

by Kristin Harlow April 30, 2019

GRAND RAPIDS AND GRANDVILLE, MICH. — The Donut Conspiracy is opening two new locations in Grand Rapids and Grandville in western Michigan. The Grand Rapids store will span 1,500 square feet and include an industrial kitchen for production. The Grandville store, formerly home to Orange Leaf Frozen Yogurt, spans 1,800 square feet. The Donut Conspiracy was founded in 2017. Each location features vintage décor and themes around historic conspiracy theories.

April 30, 2019

Alabama Leasing Activity Retail Southeast

GBT Realty Signs HomeGoods, Shoe Station at Tuscaloosa Shopping Center

by John Nelson April 29, 2019

TUSCALOOSA, ALA. — GBT Realty has signed HomeGoods and Shoe Station to lease space at McFarland Plaza, a 234,000-square-foot retail power center located at 2600 McFarland Blvd. in Tuscaloosa, about one mile south of the University of Alabama. HomeGoods will backfill a former Toys ‘R’ Us store spanning 23,000 square feet, and Shoe Station will lease 11,900 square feet. The center was 97 percent leased at the time of sale to tenants such as Ross Dress for Less, T.J. Maxx, Stein Mart, Cato Fashions, Michaels and Pet Supplies Plus. GBT Realty’s leasing team is currently seeking quick-service restaurants, financial services, medical/dental chains and other service providers to fill McFarland Plaza’s remaining small shop space.

April 29, 2019

Industrial Leasing Activity Texas

Holt Lunsford Secures 40,450 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams April 29, 2019

FARMERS BRANCH, TEXAS — Holt Lunsford Commercial has secured a 40,450-square-foot industrial lease renewal at 4443 Simonton Road in Farmers Branch, a northern suburb of Dallas. Andrew Gilbert of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. Adam Curran of Cushman & Wakefield represented the tenant, Inkjet Printing International LLC.

April 29, 2019

Industrial Leasing Activity Texas

CBRE Negotiates 20,000 SF Industrial Lease Renewal in Coppell, Texas

by Taylor Williams April 29, 2019

COPPELL, TEXAS — CBRE has negotiated a 20,000-square-foot industrial lease renewal in Coppell, located just north of Dallas-Fort Worth (DFW) International Airport. Brian Gilchrist and Steve Koldyke of CBRE represented the tenant, telecommunications firm GW Communications, in the lease negotiations.

April 29, 2019

Healthcare Leasing Activity Midwest Wisconsin

Ascension Medical Group Leases 5,586 SF in Sussex, Wisconsin

by Kristin Harlow April 29, 2019

SUSSEX, WIS. — Ascension Medical Group of Southeast Wisconsin has signed a 5,586-square-foot office lease in Sussex, about 19 miles northwest of Milwaukee. The property is situated on Main Street. Jenna Maguire and Hakan Hare of Founders 3 Real Estate Services represented the landlord, Sawall Office Building LLC. Ascension is a faith-based healthcare organization.

April 29, 2019

Leasing Activity New York Northeast Office

Savills Negotiates 34,000 SF Office Lease Renewal, Expansion in Lower Manhattan

by Taylor Williams April 29, 2019

NEW YORK CITY — Savills has negotiated a 34,000-square-foot office lease renewal and expansion for The Innocence Project, a local nonprofit organization, at 40 Worth Street in lower Manhattan. The tenant, which advocates for criminal justice reform, originally leased 20,000 square feet at 40 Worth Street in 2010 and expanded by an additional 3,000 square feet in 2014 prior to this expansion. Roy Lapidus of Newmark Knight Frank represented the landlord, GFP Real Estate, in the lease negotiations. The building was originally constructed in 1929 and houses the East Coast headquarters for The Gap, among other tenants.

April 29, 2019

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