Leasing Activity

Feature Presentation: Netflix to Occupy 327,913 SF EPIC Office Building in Hollywood

by Kristin Harlow October 5, 2018

HOLLYWOOD, CALIF. — Internet entertainment service Netflix has signed a lease to fully occupy EPIC, a 327,913-square-foot office building currently under construction in Hollywood. Hudson Pacific Properties Inc. (NYSE: HPP) is developing the project. Netflix will occupy the 13-story building upon completion in January 2020. The lease ends in 2031. Netflix has also signed a coterminous lease extension for 325,757 square feet at ICON and 91,953 square feet at CUE, both of which are Hudson Pacific assets located on the Sunset Bronson Studios lot across the street from EPIC. “Netflix is part of an elite class of high-growth, high-innovation companies leading the revolution in content production and distribution that is reshaping the Los Angeles studio and office markets,” says Victor Coleman, chairman and CEO of Hudson Pacific. “With its growing presence at ICON, CUE and now EPIC, we have created a customized, state-of-the-art, creative urban campus that holistically supports Netflix’s unique culture and business needs.” Designed by Gensler, EPIC is a vertically stacked and terraced building. The development will have floor-to-ceiling windows and operable glass doors with direct access to exterior terraces, fire pits, collaboration areas and a rooftop deck with catering pantry. The property will offer more than 25,000 …

October 5, 2018

Leasing Activity Office Texas

Management Consulting Firm to Relocate to 56,703 SF Office Space in Frisco

by Taylor Williams October 4, 2018

FRISCO, TEXAS — Management consulting firm Brierley+Partners will relocate its global headquarters to The Offices One at Frisco Station, taking 56,703 square feet of office space at the 242-acre Frisco Station development located on the northern outskirts of Dallas. The move is intended to facilitate collaboration between the company’s global offices in Los Angeles, Tokyo and London. Randy Cooper, Craig Wilson, Kate Sudol and Wills Bauer of Cushman & Wakefield represented Brierley+Partners in the lease negotiations. Johnny Johnson, Chris Taylor and Clint Madison, also of Cushman & Wakefield, represented the landlord, VanTrust Real Estate, which developed the building.

October 4, 2018

Industrial Leasing Activity New Jersey Northeast

Cushman & Wakefield Negotiates Two Industrial Leases Totaling 331,794 SF in New Jersey

by David Cohen October 3, 2018

SWEDESBORO AND LOGAN TOWNSHIP, N.J. — Cushman & Wakefield has negotiated a pair of industrial leases totaling 331,794 square feet in New Jersey. In the first deal, UPS renewed its 251,044-square-foot lease at 200 Birch Creek Road in Swedesboro. In the second transaction, Ryder Logistics signed an 80,750-square-foot lease at 395 Pedricktown Road in Logan Township. Both cities are located about 30 miles south of Philadelphia on the western part of the state. A brokerage team led by John Gartland of Cushman & Wakefield represented the landlords, both of which were undisclosed, in each of the lease negotiations.

October 3, 2018

Industrial Leasing Activity Midwest Wisconsin

Ariens Renews 130,000 SF Industrial Lease in Brillion, Wisconsin

by Kristin Harlow October 3, 2018

BRILLION, WIS. — AriensCo has renewed its 130,000-square-foot industrial lease at 200 Park Ave. in Brillion, about 25 miles south of Green Bay. The company manufactures equipment such as snow blowers, lawn tractors and lawn mowers. Jim Larkin of Colliers International brokered the lease transaction. The landlord was not disclosed.

October 3, 2018

Leasing Activity Midwest Missouri Retail

Fields Foods to Open at Multifamily Development in St. Louis

by Kristin Harlow October 3, 2018

ST. LOUIS — Fields Foods is opening a store at the Lofts@Euclid in St. Louis. The grocer will occupy the remaining 8,186 square feet of commercial space on the ground floor of the 87-unit loft development, which opened in 2016. Fields Foods plans to be open for business later this year. The property originally opened in 1910 and served as the headquarters for the Langan & Taylor Co.

October 3, 2018

Leasing Activity Office Texas

Oil & Gas Firm Signs 47,679 SF Office Lease in Dallas

by Taylor Williams October 2, 2018

DALLAS — Aethon Energy Operating LLC has signed a 47,679-square-foot office lease at 12377 Merit Drive in Dallas. Melanie Hughes, Richmond Collinsworth and Bret Cooper of Bradford Commercial Real Estate Services represented the landlord, YP Park Central LLC, in the lease negotiations. Russell Trenary of Trenary & Associates represented the tenant.

October 2, 2018

California Leasing Activity Retail Western

Warner Pacific Properties Fully Leases Monrovia Landing Shopping Center in Southern California

by Amy Works October 1, 2018

MONROVIA, CALIF. — Warner Pacific Properties has completed leasing Monrovia Landing, a shopping center located at 729 E. Huntington Drive in Monrovia. ULTA Beauty opened a location at the property, and Kids Empire and Tapioca Expressed signed leases to open locations within the next four months. The transactions bring the 98,000-square-foot neighborhood retail center to full occupancy. Additional tenants include T.J. Maxx, HomeGoods, ALDI and O’Reilly Auto Parts. Kids Empire will open a 10,500-square-foot facility that provides a safe, high-quality place for children to play, explore and expend energy. The space is expected to open by the end of January 2019. Tapioca Express is a Taiwanese-American fast-food franchise chain specializing in bubble tea, coffee, a variety of fruit juices, yogurt, smoothies, slushes, small meals, sandwiches and light snacks. The South El Monte, Calif.-based chain is slated to open its 1,200-square-foot restaurant at Monrovia Landing in November. Warner Pacific Properties originally acquired Monrovia Landing in 2016. At the time of acquisition, the 98,000-square-foot property consisted of a vacated Alberstons grocery building and an O’Reilly Auto Parts store. Monrovia Landing is part of a larger retail development referred to as the Shamrock Center, which includes a 24 Hour Fitness, Yoshinoya and Taco …

October 1, 2018

Leasing Activity New York Northeast Office

Bessemer Trust Signs 239,000 SF Lease in Midtown Manhattan

by David Cohen September 28, 2018

NEW YORK CITY — Bessemer Trust has signed a 239,000-square-foot lease at the Time Life Building in Midtown Manhattan. The privately owned wealth management company will occupy the top seven floors at the 48-story skyscraper. Located at 1271 Avenue of the Americas, the tower was built in 1959 as part of Rockefeller Center. Cushman & Wakefield represented Bessemer Trust in the transaction. An in-house Rockefeller Group leasing team represented the building’s owner. Terms of the lease were not disclosed.

September 28, 2018

Leasing Activity Maryland Retail Southeast

Kimco Signs 66,450 SF Lease with Giant Food at Mill Station Project in Baltimore County

by Camren Skelton September 28, 2018

OWINGS MILLS, MD. — Kimco Realty Corp. has inked a 66,450-square-foot lease with Giant Food at Mill Station, a $108 million project located at the site of the former Owings Mills Mall in Owings Mills, about 18 miles northwest of Baltimore. The grocer will join previously announced tenants including Lowe’s Home Improvement, Marshalls, HomeSense, Burlington, Five Below, AMC Theatres and Costco, which is scheduled to open next month. With the addition of Giant Food, the 621,000-square-foot center is roughly 90 percent leased. Upon completion, Mill Station will house up to 30 tenants and feature green space, a courtyard and walkways connecting to existing office and retail space.

September 28, 2018

Leasing Activity Office Texas

Amegy Bank to Open First Fort Worth Office in Sundance Square

by John Nelson September 27, 2018

FORT WORTH, TEXAS — Amegy Bank, a Texas bank with $13 billion in assets and about 1,600 employees, is set to open its first Fort Worth office in the city’s Sundance Square district downtown. The bank will occupy 8,091 square feet of space in The Westbrook, a Class A office building located at 425 Houston St. Jamie Galati of JLL represented Amegy Bank in the lease negotiations. Robert Gamblin represented the landlord, Sundance Square, internally. In addition to the new office space, Amegy Bank plans to open its first full-service banking center in Fort Worth in mid-November at 2718 Hulen St.

September 27, 2018

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