Leasing Activity

WeWork Signs 83,294 SF Lease in Metro D.C. Mixed-Use Tower

by Alex Tostado December 21, 2018

ROSSLYN, VA. — WeWork has signed an 83,294-square-foot lease for office space at CEB Tower at Central Place in Rosslyn. WeWork will occupy the 25th through 28th floors. The 31-story mixed-use tower was delivered earlier this year and is now 93 percent leased to tenants including Gartner and Accenture. CEB Tower is located about three miles east of downtown Washington, D.C., and includes 45,000 square feet of dining and retail space along with an outdoor public plaza. Greg Lubar, Andy O’Brien and Zach Boroson of JLL represented WeWork in the lease transaction. Jill Goubeaux, Terry Reiley, Caroline Bour and Anna Faktorow of CBRE represented the landlord, JBG Smith. WeWork plans to open its space in the second quarter of 2019.

December 21, 2018

Alabama Leasing Activity Office Southeast

Leidos Signs 61,358 SF Office Lease in Huntsville

by Alex Tostado December 20, 2018

HUNTSVILLE, ALA. — Leidos Inc., a defense, aviation and biomedical research company, has signed a 61,358-square-foot lease at 915 Explorer Blvd. in Huntsville. The company occupies multiple locations in the city but plans to consolidate much of its operations to the single-story flex building. The property is located within Cummings Research Park, the second-largest research park in the United States, trailing only Research Triangle Park in Raleigh. Carter Burwell of JLL’s Birmingham office, and Doug Seale and Mateo Diachok of JLL’s Washington, D.C., office, represented Leidos in the transaction.

December 20, 2018

Leasing Activity New York Northeast Office

WeWork Signs 236,000 SF Lease in Manhattan

by David Cohen December 20, 2018

NEW YORK CITY — Coworking company WeWork has signed a 236,000-square-foot lease at 1440 Broadway, a 25-story, 747,000-square-foot office building in Manhattan. WeWork’s space will consist of a newly constructed private entrance and lobby. The company will occupy floors 14 through 21 at the building. New York-based owner and developer CIM Group acquired 1449 Broadway in December 2017 and is currently executing a capital improvement plan at the building. The plan includes the renovation of the existing street entrance and lobby as well as a new roof deck amenity that will offer views of Bryant Park, Times Square and the Hudson River.

December 20, 2018

Industrial Leasing Activity Texas

Door Provider Signs 127,545 SF Industrial Lease in Fort Worth

by Taylor Williams December 20, 2018

FORT WORTH, TEXAS — Panoramic Doors has signed a 127,545-square-foot industrial lease at 15050 Frye Road in Fort Worth. According to LoopNet Inc., the property was built in 1987 and features 30-foot clear heights and 13 dock-high doors. Seth Koschak and Forrest Cook of Stream Realty Partners represented the tenant in the lease negotiations. Steve Koldyke and Brian Gilcrest of CBRE represented the landlord, Stonelake Capital Partners.

December 20, 2018

Georgia Leasing Activity Retail Southeast

Pellerin Announces Wave of Retail Tenants Coming to The Beacon in Atlanta’s Grant Park

by Alex Tostado December 19, 2018

ATLANTA — Pellerin Real Estate has announced new tenants coming to The Beacon, a redevelopment project in Atlanta’s Grant Park neighborhood. Scheduled to open in 2019 are Bailey Room Wine Cellar, a wine bar concept created by Cynthia Bailey of “The Real Housewives of Atlanta”; Adara Clothing; Cultural Accents, a shop offering West African fashion; Squishieland, an art gallery by Ray Geier; Marguerites Bistro, a Jamaican fusion restaurant; and Third Street Market Deli & Bar. Existing tenants include A Haute Cookie; Nica Life, an artisan jewelry company; Kickstart Martial Arts; and Divine Dermatology. According to Curbed Atlanta, the $30 million development spans nine acres and 110,000 square feet. The Beacon is situated about one mile south of Zoo Atlanta and will have about 600 feet of frontage along the Atlanta BeltLine’s forthcoming Southside Trail.

December 19, 2018

Georgia Leasing Activity Office Southeast

NAP Signs Whole Foods to 30,000 SF Office Lease at Colony Square in Midtown Atlanta

by Alex Tostado December 19, 2018

ATLANTA — North American Properties has unveiled plans for Building 300, an 87,500-square-foot mixed-use building in Colony Square in Midtown Atlanta. Whole Foods Market’s South regional office is set to occupy 30,000 square feet of the six-story building that is expected to deliver in 2020. The office relocation will bring about 90 employees of Whole Foods to Midtown. Building 300 will feature 11-foot ceilings, floor-to-ceiling windows and street-level retail space and restaurants. NAP recently closed a $278.4 million loan to finance the redevelopment of the 1 million-square-foot Colony Square project.

December 19, 2018

Illinois Leasing Activity Midwest Office

Chicago Office of Colliers International Moves Locations

by Kristin Harlow December 19, 2018

CHICAGO — Colliers International | Chicago has moved its downtown operations to 71 S. Wacker Drive. The 17,000-square-foot space will house the company’s valuation and advisory services, Chicago office advisory group and corporate solutions teams. The firm will continue to have a strong presence in Rosemont, where its industrial advisory, supply chain logistics, investment services and office leasing groups reside. The downtown office has 83 workspaces, of which 55 are workstations and 28 are private offices. In addition, the new office includes client workspace, wellness rooms and a café-style break area. The Irvine Company owns the 48-story, 1.5 million-square-foot office tower.

December 19, 2018

Leasing Activity Midwest Multifamily Ohio

City Club Apartments Negotiates Leases for Restaurant, Market at Cincinnati Property

by Kristin Harlow December 19, 2018

CINCINNATI — City Club Apartments has executed a lease for a 6,000-square-foot rooftop restaurant and bar at its apartment property in Cincinnati. Scheduled to open in spring 2019, the 10th-floor restaurant will include indoor and outdoor seating, as well as handcrafted cocktails, wine and craft beer. The owners will share the concept’s name and additional details at a later date, according to Jonathan Holtzman, CEO of City Club Apartments. The apartment property includes 294 units and penthouses with 50 different floor plans. City Club Apartments had previously announced a 10,000-square-foot specialty market and a 1,000-square-foot wellness café on the first floor.

December 19, 2018

Development Georgia Industrial Leasing Activity Southeast

Joint Venture Completes Phase I of Logistics Park in Atlanta, Signs Medtech Firm to 1.1 MSF Lease

by Alex Tostado December 18, 2018

ATLANTA — CT Realty, Port Logistics Realty and River Oaks Capital Partners have completed Phase I at Palmetto Logistics Park in Atlanta. The joint venture also signed Drive DeVilbiss Healthcare to a 1.1 million-square-foot lease. DeVilbiss, a global manufacturer of respiratory and ambulatory medical products, plans to move in before the end of the year. Phase II is expected to commence in January and wrap up construction by the end of 2019. Phase II will consist of a 1 million-square-foot distribution facility. The 213-acre industrial park is located about 16 miles southwest of Hartsfield-Jackson Atlanta International Airport. The joint venture bought the land in 2017.

December 18, 2018

Leasing Activity Maryland Office

Social Security Administration Renews 717,011 SF Corporate Headquarters Lease in Baltimore County

by Alex Tostado December 18, 2018

WOODLAWN, MD. — The U.S. General Services Administration (GSA), working on behalf of the U.S. Social Security Administration, has signed a 10-year lease renewal for Social Security’s Baltimore County headquarters. The GSA signed the 717,011-square-foot lease with landlord Security Land and Development Co. LP (SLDC) at the Security West Complex in Woodlawn. The lease became effective Nov. 1, 2018 and will run through Oct. 31, 2028. According to its website, GSA provides workplaces by constructing, managing and preserving government buildings and by leasing and managing commercial real estate. The terms of the lease state that GSA can exit part of the lease after three years with a 12-month written notice to SLDC and can fully exit the lease with 24-month written notice after five years. The initial annual rent is approximately $11.8 million. Regency Affiliates, which has a 50 percent interest in SLDC, simultaneously announced it refinanced Security West Complex for $30 million. The net proceeds are being used primarily to pay off existing debt at Security West and to fund capital improvements and reserves totaling about $17 million.

December 18, 2018

Newer Posts

Older Posts