WEST COLUMBIA, S.C. — Domino’s Pizza has signed a 68,000-square-foot lease for a new processing and distribution facility in West Columbia. Construction is expected to begin in the first quarter of this year. Domino’s plans to add 75 jobs to the area. Hiring is scheduled to start in the fourth quarter of this year, with the facility being delivered in the second quarter of 2020. Ken Ashley, John Wilkinson and Whitney Hembree of Cushman & Wakefield, along with Lee Warfield of Cushman & Wakefield | Thalhimer, represented the tenant in the lease negotiations. The developer and landlord were not disclosed.
Leasing Activity
HOUSTON — NAI Partners has negotiated a 19,865-square-foot office lease at 1360 Post Oak Blvd. in Houston for U.S. Well Services, a provider of hydraulic fracturing solutions. Dan Boyles and Liz Westcott-Brown of NAI Partners represented U.S. Well Services in the lease negotiations. Morgan Relyea Colt of Cushman & Wakefield represented the landlord.
CLARKSTON, MICH. — Crispelli’s Bakery & Pizzeria has signed a 3,892-square-foot lease in Clarkston. This will be the restaurant’s fourth location in Michigan. Crispelli’s will join T-Mobile, Great Clips and Jersey Mike’s at the new Shoppes of Clarkston development. Tjader Gerdom and Michael Murphy of Gerdom Realty represented the tenant in the lease transaction. Chris Jonna of CMP Real Estate Group represented the undisclosed landlord.
CBRE Arranges $33M in Acquisition Financing for Newly Built Apartment Complex in Durham
by Alex Tostado
DURHAM, N.C. — CBRE Capital Markets has arranged $33 million in acquisition financing to Chaucer Creek Capital LLC for 54 Station, a 264-unit apartment community that was delivered in 2018. The buyer plans to add a 24-unit building, bringing the total number of buildings to 12 and the unit count to 288. Kristen Reilly and Nate Sittema of CBRE Capital Markets’ Debt & Structured Finance team arranged a bridge loan for the borrower through MF1, a mortgage REIT focused on the multifamily sector. Amenities at 54 Station include a swimming pool, outdoor kitchens, fitness center and a fire pit with lounge seating.
DALLAS — San Francisco-based software company Salesforce has signed a lease at The Union, a mixed-use property located at 2300 N. Field St. in Dallas that includes a 420,000-square-foot office tower and a 31-story residential building. The square footage of space was not disclosed, but Salesforce has confirmed it to be at least 100,000 square feet. According to brokers, the deal was the largest office lease executed in Uptown Dallas when it closed in late 2018. Clay Vaughn and Preston Lynn of CBRE represented Salesforce in the lease negotiations. John Brownlee, Gini Rounsaville and Brooke Oliver of Peloton Commercial Real Estate represented the landlord. The lease brings The Union to 90 percent occupancy. The office component of The Union opened in October 2018. The entire development is expected to be complete by spring 2019.
CHICAGO — Tucker Development has secured three new retail leases for its mixed-use development known as 900 West in Chicago’s Fulton Market. The retailers include Kinton Ramen, a Toronto-based ramen bar; Jeni’s Splendid Ice Creams; and Independence, an upscale menswear boutique. All three businesses plan to open their new locations sometime this year. Completed in 2017, 900 West is the adaptive reuse of 10 historic buildings in the 900 block of West Randolph Street. Together, the buildings offer more than 45,000 square feet of street-level retail space and 45,000 square feet of office space on the upper floors. The office space is fully leased by co-working provider Spaces and private equity firm Parker Gale. Current retailers include lululemon, Bluemercury and Bonci Pizzeria.
HOUSTON — CBRE has negotiated a 13,371-square-foot office lease at 3737 Buffalo Speedway in Houston on behalf of The Houston Trust Co., and independent personal trust firm. The space will serve as the company’s new headquarters. Weldon Martin of CBRE represented the tenant in the lease negotiations. Madison Marquette represented the landlord, Houston 3737 Buffalo LP.
SOLON, OHIO — Industrial Commercial Properties (ICP) has completed the lease-up of 6680 Parkland Blvd. after acquiring the 82,000-square-foot office and warehouse property in December. Two tenants, King Nut and Loan Protector, will begin occupying the building in the first half of this year. Matthew Beesley of Cushman & Wakefield/Cresco Real Estate represented King Nut, a nut and snacks company, in the lease transaction. Steve Voinovich of CBRE represented Loan Protector, an insurance broker. ICP worked with David Stover of Hanna Commercial Real Estate on the acquisition.
KANSAS CITY, MO. — WürthBaer Supply Co. has signed a 66,448-square-foot industrial lease at 1758 N. Topping Ave. in Kansas City. Founded in 1950, the company is a specialty wholesale distributor to the woodworking industry. The Vernon Hills, Ill.-based company will relocate from its facility at 7440 E. 12th St. in Kansas City. Steven Podolsky of Podolsky Circle CORFAC International represented the tenant, which will take occupancy of the new space in June. Karbank Real Estate Co. assisted Podolsky Circle.
ELMWOOD PARK, N.J. — NAI James Hanson has secured a 5,000-square-foot industrial lease in Elmwood Park. Located at 475 Mola Blvd., the property includes six loading docks, one drive-in door and 165 parking spaces as well as 7,000 square feet of office space. Jeff DeMagistris, Tom Ryan and Tom Vetter of NAI James Hanson represented the owner, the Stro Cos., in securing the lease with healthcare solutions provider Digirad Corp. Achieve 24 Fitness currently operates 13,000 square feet of the building as a fitness center.