CHICAGO — Tegus, a research platform for institutional investors, has signed a 14,195-square-foot office lease at 120 S. LaSalle St. in Chicago. Toronto-based Slate Office REIT owns the property, and plans to upgrade the amenity package with a rooftop lounge and fitness center. Tegus plans to move 45 employees into the new space on April 1. The space allows for expansion up to 100 employees. Tony Karmin and Joe Stevens of Colliers International represented Tegus in the lease transaction. Mason Taylor of JLL represented Slate.
SOMERVILLE, MASS. — Sports apparel and accessories company PUMA North America will open a new, 150,000-square-foot office headquarters at Assembly Row, a mixed-use destination in the northwestern Boston metro of Somerville. Federal Realty Investment Trust (NYSE: FRT) is developing Assembly Row. The new headquarters will be located at 455 Grand Union Blvd. The new building will total 300,000 square feet upon completion, and will bring together PUMA’s two nearby offices in Boston and Westford. The company expects the space to house about 550 employees across five floors beginning in 2021. The transit-served building also features a 19,000-square-foot roof deck complete with a recreational area and basketball court. Additional amenities include a fitness center, a kids’ room and bike storage. “We need to be faster than ever in the way we react and adapt,” says Adam Petrick, PUMA’s global director of branding and marketing. “Somerville is a city buzzing with creative, diverse energy that will help us live out our ‘Forever Faster’ mentality.” Assembly Row is a 40-acre project located along Interstate 93 and the MBTA Orange Line. The developer has launched Phase III of the project, which will feature more than $475 million in new development. Phase III will deliver a 500-unit …
MIAMI — Spaces, an international coworking operator backed by Regus, has signed on to anchor One Cocowalk, the office component of Coconut Grove’s mixed-use development CocoWalk. Spaces will occupy a total of 42,883 square feet when construction of One Cocowalk is expected to be complete — first-quarter 2020. Spaces will occupy 2,029 square feet on the ground floor and space on the second and third floors of the five-story, Class A office building. The lease brings One Cocowalk to 50 percent leased. This will be Spaces’ third location in Florida. Spaces operates 160 locations in 80 countries. Coconut Grove is located about four miles south of downtown Miami. Randy Carballo and Gavin Macphail of JLL’s Miami office represented the tenant in the lease transaction. Tere Blanca, Danet Linares and Juan Ruiz of Blanca Commercial Real Estate represented the landlord One Cocowalk, a joint venture comprising Federal Realty Investment Trust, Grass River Property and Comras Co.
OKLAHOMA CITY — CBRE has negotiated a 23,000-square-foot industrial lease at 6120 SW 29th St. in Oklahoma City for Niagara Bottling LLC, which services the bottled water industry. Randy Lacey and Austin Lacey of CBRE represented the landlord, HL Campus LLC, in the lease negotiations. Ryan Shaffer and Dwayne Flynn, also of CBRE, represented Niagara Bottling.
HOUSTON — Murex Petroleum Corp. has signed a 20,423-square-foot lease at 363 North Belt, an office building located at 363 N. Sam Houston Parkway in Houston. According to LoopNet Inc., the property was built in 1982 and totals 223,158 square feet. Terri Torregrossa and Kurt Kistler of Moody Rambin represented the landlord, TA Realty Associates, in the lease negotiations. Ryan Fassett and Josh Marcell, also of Moody Rambin, represented Murex.
PLANO, TEXAS — Healthcare Associates of Texas, a full-service primary care provider, will relocate its corporate headquarters from Irving to a 20,258-square-foot space within International Business Park (IBP) in Plano, a northeastern suburb of Dallas. Matt Heidelbaugh and Cribb Altman of Cushman & Wakefield represented Healthcare Associates of Texas in its site selection and lease negotiations. Trevor Franke and Gini Rounsaville of Peloton Commercial Real Estate represented the landlord, IBP 7 LP. More than 100 employees will move into the new space, which is expected to be available for occupancy by March. . IBP is a 300-acre master-planned office park that features 24/7 security, onsite property management and maintenance, a fitness center, café and deli, basketball court, weekly food courts, event space and Booster Fuels, a fuel-delivery service.
ARLINGTON, VA. — Public Broadcasting Service (PBS) has signed a 15-year lease to remain with landlord JBG Smith Properties. PBS will relocate from JBG Smith’s 2100 Crystal Drive asset in Arlington’s Crystal City district to JBG Smith’s asset situated at 1225 S. Clark St. in Arlington’s National Landing district. National Landing is a newly branded neighborhood encompassing parts of Pentagon City and Crystal City in Arlington and Potomac Yard in nearby Alexandria. The two assets are located less than a mile apart. PBS is expected to relocate in mid-2020, where it will occupy 120,328 square feet alongside March of Dimes, Conservation International and other nonprofits. Paul Darr, Dale Powell and Chaise Schmidt of Cushman & Wakefield represented PBS in the lease transaction.
ATLANTA — The Dilweg Cos. has signed Steady, an Atlanta-based tech startup, to a full-floor lease at Centennial Tower located at 101 Marietta St. in downtown Atlanta. Steady gained fame when it beat out more than 1,000 competitors at Money Pitch at Money 20/20, the world’s largest innovation event. The startup company will occupy 20,060 square feet of space for six years. Centennial Tower recently underwent a $5 million renovation to improve amenities and workspace. Katherine Lynch of CBRE represented the landlord in the lease transaction, while Greg Baxendale of JLL represented the tenant.
DALLAS — Another Round, an entertainment concept that combines miniature golf and alcoholic beverages, will open a 5,500-square-foot venue at 660 Fort Worth Ave., a creative retail and dining space under construction in west Dallas. The venue is expected to open this spring. Construction of the property, which is being developed by Dallas-based Oaxaca Interests, began in December.
RICHMOND, VA. — Brother International Corp., a manufacturer of printing, labeling and sewing machines, has signed a 461,700-square-foot lease to fully occupy Richmond’s largest ever speculative warehouse building. Brother International is relocating from New Jersey and is expected to move in to the new warehouse in the second quarter of this year. Matt Anderson of Colliers International represented the landlord, Panattoni Development Co., and Gregg Christoffersen and Andy Zezas of JLL represented Brother International in the lease transaction.