Leasing Activity

RealtyLink Unveils New Tenants at 270,000 SF Retail Center in Terrell, Texas

by Taylor Williams October 30, 2018

TERRELL, TEXAS — RealtyLink LLC, a developer specializing in retail and restaurant properties, has unveiled the latest round of tenants that will open stores at Crossroads at Terrell, a 270,000-square-foot center being developed about 30 miles east of Dallas. The newest retailers, which are expected to open their stores during the third quarter of 2019, include Petco, GoWireless and Sport Clips. Previously announced tenants at the center include Hobby Lobby, Five Below, Marshalls and Rack Room Shoes. CBRE is marketing the center for lease.

October 30, 2018

Industrial Leasing Activity Texas

Newsom Design Extends 119,083 SF Industrial Lease in Metro Dallas

by Taylor Williams October 30, 2018

FARMERS BRANCH, TEXAS — Newsom Design LLC, which produces building signage and other marketing materials, has extended its 119,083-square-foot industrial lease at 13780 Benchmark Drive in Farmers Branch, a northern suburb of Dallas. Blake Kendrick of Stream Realty Partners represented the landlord, DRA Advisors, in the lease negotiations. Landry Commercial Inc. represented the tenant.

October 30, 2018

Illinois Leasing Activity Midwest Retail

It’Sugar Opens 2,000 SF Store at Chicago’s Navy Pier

by Kristin Harlow October 30, 2018

CHICAGO — It’Sugar has opened a 2,000-square-foot store at Chicago’s Navy Pier. Founded in 2006, the candy retailer has approximately 100 locations across the country and worldwide. The store at Navy Pier offers a “Taste of Chicago Box,” which features products that originated in Chicago including Tootsie Rolls, Razzles, Baby Ruth, Juicy Fruit, Charleston Chew, Sugar Daddy and Chuckles. Other current tenants at Navy Pier include Build-A-Bear Workshop, Garrett Popcorn Shops, Giordano’s, Harry Caray’s Tavern, Bubba Gump Shrimp Co., McDonald’s and Starbucks. Gregory Kirsch, Corey Black and Larry Kling of Newmark Knight Frank represented It’Sugar in the lease.

October 30, 2018

Industrial Leasing Activity Texas

Door Manufacturer Signs 172,120 SF Industrial Lease in Irving

by Taylor Williams October 29, 2018

IRVING, TEXAS — Chase Industries, a Cincinnati-based manufacturer of custom traffic doors, has signed a 172,120-square-foot industrial lease within Liberty Park GSW in Irving. The company will occupy all of Building 1, the shell construction of which is expected to be complete this week. Kurt Griffin, Nathan Orbin and David Eseke of Cushman & Wakefield represented the landlord, Liberty Property Trust, in the lease negotiations. Colliers International represented Chase Industries.

October 29, 2018

Leasing Activity Office Texas

Video Streaming Company to Open 10,000 SF Office in Denison, Texas

by Taylor Williams October 26, 2018

DENISON, TEXAS — Swagit Productions LLC, a Dallas-based video streaming company, will open a 10,000-square-foot office in Denison, a city in north Texas near the Oklahoma border. The company’s new facility will be located along State Highway 84 and will be remodeled in advance of the opening. The move is expected to create up to 40 new jobs, with hiring slated to begin this winter and operations commencing in spring 2019. Kent Smith of NAI Robert Lynn represented Swagit in the lease negotiations.

October 26, 2018

California Industrial Leasing Activity Western

Amazon Leases 1.1 MSF Industrial Building at NorCal Logistics Center in Stockton, California

by Amy Works October 26, 2018

STOCKTON, CALIF. — Amazon has signed a lease with CT Realty to occupy a newly constructed, 1.1 million-square-foot industrial building at NorCal Logistics Center in Stockton. Located at 4532 Newcastle Road, the fulfillment center offers proximity to Burlington Northern Santa Fe, Union Pacific intermodal facilities, SR-99 and interstates 5, 205 and 580. Terms of the lease were not disclosed. The transaction marks the completion of CT’s approximately 1.7 million-square-foot first phase of the 345-acre NorCal Logistics Center, following the sale of two completed buildings, totaling 575,127 square feet, to Prologis in June. CT Is underway on the second phase of the development: five buildings, totaling 2.7 million square feet, built as a mix of speculative and build-to-suit projects.

October 26, 2018

Healthcare Illinois Leasing Activity Midwest Retail

Quincy Medical Group to Backfill Former Bergner’s Store at Quincy Mall in Western Illinois

by Kristin Harlow October 26, 2018

QUINCY, ILL. — Quincy Medical Group plans to open a new surgery and cancer treatment center at Quincy Mall in central western Illinois. The healthcare provider will occupy about half of the approximately 105,000 square feet on two floors of the former Bergner’s space. Quincy Medical Group will also have the opportunity for expansion on both first and second floors. Cullinan Properties Ltd. owns and manages the mall. The firm continues to identify new national retail tenants for the mall. Three new restaurants opened at the property within the last year.

October 26, 2018

Development Leasing Activity Office Southeast Virginia

KPMG to Move to 20-Story Office Tower Under Construction in Tysons, Virginia

by Amy Works October 25, 2018

TYSONS, VA. — KPMG, one of the world’s Big Four accounting firms, has signed a lease to occupy up to seven floors of The Boro, an under construction 20-story office tower in Tysons. The Meridian Group and Rockefeller Group are co-developing the tower, with Skanska constructing the Gensler-designed building. KPMG plans to relocate approximately 1,830 employees from its current office at 1676 International Drive in Tysons to the new property in 2019. The move brings preleasing to more than 60 percent ahead of construction completion, with approximately 178,000 square feet remaining at the tower. Additional committed tenants include Hogan Lovells, a global law firm, TEGNA, Whole Foods Market and Kerasotes Showplace Theatres. Situated on 15 acres, the transit-oriented property will feature office, retail, restaurant and outdoor space. The LEED Gold-designed tower features nine- to 10-foot ceilings, efficient floorplans and a rooftop terrace. Rob Faktorow and Terry Reiley of CBRE represented the landlords, while Phil Leibow and Bill Craig of JLL represented KPMG in the lease.

October 25, 2018

Illinois Leasing Activity Midwest Retail

Away Travel to Open 1,200 SF Store in Chicago

by Kristin Harlow October 25, 2018

CHICAGO — Away Travel has signed a 1,200-square-foot retail lease at the corner of State and Cedar streets in Chicago. The travel and lifestyle brand offers high-quality luggage at affordable prices. Expected to open in time for the holiday shopping season, this will be the seventh retail storefront for Away Travel. The brand originally started as an online-only concept. Founded by two Warby Parker alumni, Away Travel will be located adjacent to a Warby Parker store. Janika Brenner and Adam Secher of Baum Realty Group LLC, along with Peter Block of Colliers International, represented the undisclosed landlord in the lease transaction. Jason Trombley of JLL represented Away Travel.

October 25, 2018

Industrial Leasing Activity Texas

Logistics Firm Signs 87,726 SF Industrial Lease in El Paso

by Taylor Williams October 24, 2018

EL PASO, TEXAS — Pilot Freight Services, a transportation and logistics firm, has signed an 87,726-square-foot industrial lease at 445 Pan American Drive in El Paso. The company will occupy 100 percent of the property, which represents the first speculative industrial space built in El Paso during this cycle. Arturo de La Mora and Christian Perez Giese of CBRE represented the landlord and developer, Hanson Asset Management LP, in the lease negotiations. Chad McCleskey of CBRE represented the tenant.

October 24, 2018

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