Leasing Activity

Avison Young Arranges 156,899 SF Industrial Lease with Medical Equipment Provider Near Charlotte

by Camren Skelton September 21, 2018

CONCORD, N.C. — Avison Young has arranged a 156,899-square-foot lease with Transtate Equipment Co. at 1040 Derita Road within Concord Airport Business Park, a 2.1 million-square-foot industrial park in Concord. Christopher Skibinski, Henry Lobb and Tom Tropeano of Avison Young negotiated the lease on behalf of the building owner, The Silverman Group. Lawrence Shaw and Justin Smith of Colliers International represented Transtate. The medical equipment provider is consolidating and expanding its existing presence in the greater Charlotte market and moving into a portion of a new 252,000-square-foot building within the park. The development is located within three miles of Interstates 85 and 485, and roughly 25 miles northeast of Charlotte. Silverman Group has developed Concord Airport Business Park in three phases over the last four years. The last building, a 410,000-square-foot speculative facility, is slated for completion in the fourth quarter.

September 21, 2018

Industrial Leasing Activity Midwest Wisconsin

Independence Corrugated Renews 120,000 SF Industrial Lease in Oak Creek, Wisconsin

by Kristin Harlow September 20, 2018

OAK CREEK, WIS. — Independence Corrugated LLC has renewed its 120,000-square-foot industrial lease in Oak Creek, about 12 miles south of Milwaukee. The facility is located at 7475 S. 6th St. Steve Sewart of Colliers International brokered the lease transaction. The landlord was not disclosed. Independence Corrugated is a producer of corrugated paper packaging.

September 20, 2018

Florida Industrial Leasing Activity Southeast

Cushman & Wakefield Negotiates 105,652 SF Headquarters Lease for Manufacturer in Broward County

by Camren Skelton September 20, 2018

CORAL SPRINGS, FLA. — Cushman & Wakefield has arranged a 105,642-square-foot industrial lease with Aldora Aluminum & Glass Products at 4520 Coral Ridge Drive in Coral Springs, a city in northern Broward County. Richard Etner Jr., Chris Metzger, Christopher Thomson and Matthew McAllister of Cushman & Wakefield negotiated the lease on behalf of the building owner, Exeter Property Group. MJ Ridenour of Coldwell Banker Commercial NRT represented Aldora. The manufacturer produces a full line of glass, mirror, window and façade products, including hurricane-resistant aluminum storefronts and entry systems. The company is currently headquartered in Miramar, but will relocate its operations to the Coral Ridge Drive facility by summer 2019. Exeter is renovating the facility, formerly known as the Alliance Building, to modern institutional standards. The existing 193,211-square-foot building will be part of a four-building, 567,846-square-foot distribution development known as Coral Springs Commerce Center II.

September 20, 2018

Industrial Leasing Activity Texas

CBRE Negotiates 188,000 SF Industrial Lease Renewal in El Paso Border Town

by Taylor Williams September 20, 2018

CIUDAD JUÁREZ, MEXICO — CBRE has negotiated an industrial lease renewal in Ciudad Juárez, Mexico, located directly across the border from El Paso. The tenant, CommScope, a North Carolina-based provider of communications infrastructure equipment, occupies 188,000 square feet of warehouse and distribution space. Anthony Mash of CBRE represented the tenant in the lease negotiations. The landlord, HSBC Mexico, was self-represented.

September 20, 2018

Industrial Leasing Activity Texas

NAI Partners Arranges 35,000 SF Industrial Lease in Houston

by Taylor Williams September 19, 2018

HOUSTON — NAI Partners has arranged a 35,000-square-foot industrial lease at 12014 FM 529 in Houston for TexTrail Inc., a provider of parts and services for the trailer industry. Jake Wilkinson of NAI Partners represented the tenant in the transaction. The name and representative of the landlord were not disclosed.

September 19, 2018

Illinois Leasing Activity Midwest Office

Triumph Higher Education Group to Move Headquarters to Schaumburg, Illinois

by Kristin Harlow September 18, 2018

SCHAUMBURG, ILL. — Triumph Higher Education Group has signed a 21,000-square-foot lease to move its headquarters to 150 N. Martingale Road in Schaumburg. The education provider, which owns Auguste Escoffier School of Culinary Arts, plans to move from Hoffman Estates in October. Triumph will backfill some of the office space formerly occupied by The Nielsen Company, which moved its operations to downtown Chicago last year. Andy Strand, Mark Kolar and Adam Pines of JLL negotiated the lease transaction on behalf of Triumph.

September 18, 2018

Industrial Leasing Activity New Jersey Northeast

Humanscale Signs 155,000 SF Industrial Lease in Piscataway

by David Cohen September 17, 2018

PISCATAWAY, N.J. — Ergonomic office solutions provider Humanscale has signed a 155,000-square-foot lease at the Rockefeller Group Logistics Center, currently under construction in Piscataway. The 2.1-million-square-foot logistics center will be comprised of five buildings ranging in size from 200,000 to 725,000 square feet. Cushman & Wakefield represented the owners, Rockefeller Group and joint venture partner PCCP LLC, in the transaction. Humanscale was represented by Lennard Commercial Realty.

September 17, 2018

Leasing Activity New York Northeast Office

Spaces Signs 110,989 SF Lease at Chrysler Building in New York

by David Cohen September 14, 2018

NEW YORK CITY — Creative workspace provider Spaces has signed a 15-year, 110,989-square-foot lease at the Chrysler Building in New York City. Jim Wenk and Kirill Azovtsev of JLL represented Spaces in the transaction. Building owner Tishman Speyer was represented in-house by Gregory Conen and Robert Weller. Spaces will occupy the seventh through the ninth floors at the 1.2 million-square-foot Chrysler Building, which is located at 405 Lexington Ave. in Midtown Manhattan. The company currently operates three workspaces in New York with three more set to open by the end of this year.

September 14, 2018

Industrial Kansas Leasing Activity Midwest

Overstock.com to Open 517,000 SF Distribution Center in Kansas City, Kansas

by Kristin Harlow September 14, 2018

KANSAS CITY, KAN. — Overstock.com, an online home goods and furniture retailer, has leased 517,000 square feet at a new distribution center in Kansas City. The building, owned by Los Angeles-based BH Properties, is located at 5300 Kansas Ave. Luke Burbank and Kyle Roberts of Newmark Grubb Acres led the national site search for Overstock.com. Mark Long and John Hassler of Newmark Grubb Zimmer worked with Burbank and Roberts to provide assistance with lease negotiations in the Kansas City region. Chris Guiterez with Kansas City Smartport assisted in the coordination of all state and local economic development experts that assisted in this project, including the State of Kansas Department of Commerce and the Wyandotte Economic Development Council. Overstock.com will begin operations at the facility in October and will employ up to 200 people. The Kansas city location enables Overstock.com to offer two-day shipping options for 99 percent of its U.S. customers, according to Carroll Morale, vice president of supply chain at Overstock.com.

September 14, 2018

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Secures 117,072 SF Industrial Lease in Irving

by Taylor Williams September 13, 2018

IRVING, TEXAS — Lee & Associates has secured a 117,072-square-foot industrial lease at 8701 Sterling St. in Irving. Reid Bassinger and Trey Fricke of Lee & Associates represented the tenant, Builders First Source Inc., a Dallas-based provider of construction materials and supplies, in the lease negotiations. Brett Owens of Transwestern represented the landlord, Colony NorthStar.

September 13, 2018

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