HOUSTON — Lee & Associates has negotiated a 72,319-square-foot industrial lease at 1903 Tellepsen Drive in Houston. Reed Vestal and Taylor Schmidt of Lee & Associates represented the tenant, PSC Industries Inc., in the lease negotiations. Dayne Wunderlich, Steve Hazel and Ryley Caton of Insite Realty represented the landlord, Billingsley Co.
MIDDLETOWN, PA. — CBRE has negotiated a 133,464-square-foot industrial lease for e-commerce distributor Boxzooka Fulfillment & Global Ecommerce in Middletown, located approximately 25 miles north of Baltimore. The warehouse is part of a 1.5 million-square-foot logistics center at 300 Capital Lane. William Waxman, Kevin Dudley and Nicholas Klacik of CBRE represented Boxzooka in the lease negotiations. Colony Industrial is the landlord of the logistics center.
THE WOODLANDS, TEXAS — The J. Beard Real Estate Co. has negotiated a 58,978-square-foot lease at Havenwood Office Park in The Woodlands, about 30 miles north of Houston. The tenant was not disclosed. Situated on Interstate 45 North between Woodlands Parkway and Sawdust Road, Havenwood Office Park features a LEED Silver-certified, four-story building offering approximately 250,000 square feet of Class A office space. Amenities include a fitness center, conference room and an outdoor plaza with seating area. Lisa Hughes of J. Beard represented the landlord, Havenwood Land Developments LP, in the lease negotiations.
FORT WORTH, TEXAS — Stork H&E, a manufacturer of turbine blades and machinery for the aerospace and petrochemical processing industries, has signed a 67,281-square-foot industrial lease at Carter Distribution Center in Fort Worth. Matt Carthey and Thomas Grafton with Holt Lunsford Commercial represented the owner, Boston-based Cabot Properties Inc., in the lease negotiations. Todd Hawpe with Transwestern represented the tenant.
CHICAGO — Orangetheory Fitness has leased 4,000 square feet on the second floor of 155 N. Michigan Ave. in Chicago. Larry Kling of Newmark Knight Frank represented the fitness franchise in the lease transaction. Orangetheory offers workouts based on high-intensity interval training that blend cardiovascular and strength training. The company has more than 1,200 locations worldwide. The Michigan Avenue location will be the company’s 17th in Chicago and 58th in the state of Illinois. Set to open in January, the build-out will feature an open space with additional workspaces and larger bathrooms and shower facilities than traditional Orangetheory floor plans.
ANKENY, IOWA — The Opus Group has completed the lease-up of Corporate Woods II, a 200,000-square-foot speculative industrial building in Ankeny. Tenants include Carroll Tire Co., Alfa Laval, Berlin Packaging and Harrell’s Car Wash Systems. The building serves as the second phase of Corporate Woods Industrial Park. Opus is set to begin work on the third and final phase of the industrial park this fall. The final building will span 200,000 square feet and is slated for completion in 2020. JLL represented all four tenants in the lease transactions and will market Phase III for lease.
NEW YORK CITY — WeWork has leased a 362,197-square-foot office lease at 437 Madison Avenue in Manhattan. The company will move into floors two through 12, as well as a portion of the 14th floor, in January 2021. Other tenants at the 850,000-square-foot building include Citizens Bank, communications firm Kekst CNC and law firm Wiggin and Dana LLP. Frank Doyle, David Kleiner, Cynthia Wasserberger, Hayley Shoener and Harlan Webster of JLL represented the landlord, the William Kaufman Organization (WKO), in the lease negotiations. Michael Lenchner of Sage Realty Corp., the leasing and management division of WKO worked with JLL to represent the landlord. Peter Riguardi and Howard Hersch of JLL represented WeWork.
GARLAND, TEXAS — At Home Procurement Inc. has signed a 555,321-square-foot industrial lease renewal at 4040 Forest Lane in Garland, a northeastern suburb of Dallas. Matt Spellman and Matthew Hickey of TIG Real Estate Services represented the landlord, Fort Worth-based investment firm Fort Capital, in the lease negotiations. Nathan Lawrence of CBRE represented the tenant.
INDIANAPOLIS — CBIZ Inc. has signed a 53,000-square-foot office lease at Parkwood Crossing in north Indianapolis. The professional and financial services company will occupy space at Eight Parkwood, a 204,126-square-foot building within the eight-building, 1.2 million-square-foot office park. Rubenstein Partners LP and Strategic Capital Partners LLC acquired Parkwood Crossing in 2016. The companies have invested approximately $20 million in improvements at the property, including a 14,000-square-foot amenity building that opened in 2018. Traci Kapsalis, Adam Broderick and Brittany Shuler of JLL, along with Gibraltrar Real Estate Services, handled the lease transaction on behalf of building ownership. Matt Waggoner of JLL represented the tenant.
RIVERSIDE, CALIF. — Cardinal Health has signed a long-term lease to occupy the an entire 1 million-square-foot, state-of-the-art warehouse and distribution facility in Riverside. The property is one of two facilities at Dedeaux Sycamore Canyon Distribution Park. Dedeaux Properties, the landlord, acquired the newly completed asset in August. Dublin, Ohio-based Cardinal Health plans to utilize the property at Sycamore Canyon Business Park as a key West Coast medical products distribution center. Cardinal Health provides medical products and pharmaceuticals to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician’s offices worldwide. Dedeaux Properties is currently nearing completion on an adjacent 361,346-square-foot warehouse building, which is slated for occupancy during fourth quarter of this year. Ian DeVries and Chris DeVries of Colliers International represented the landlord, while Dan de la Paz of CBRE’s Ontario, Calif., office represented the tenant in the lease transaction.