TROY, MICH. — Power Home Solar & Roofing has signed a 17,986-square-foot office lease at 500 Stephenson Highway in Troy. The Mooresville, N.C.-based company specializes in solar energy and roofing services. The Troy office will enable the company to address ongoing growth and expansion of call center operations. Aaron Smith and Mason Capitani of L. Mason Capitani CORFAC International represented the tenant in the lease transaction. The landlord was not disclosed.
ATLANTA — Salesforce (NYSE: CRM), a customer relationship software and services provider, is set to expand its regional headquarters in Atlanta. The company will grow its current footprint in The Atlanta Plaza, located in the city’s Buckhead district, which will now be known as Salesforce Tower Atlanta. The lobby, and each new floor set for occupancy by the company, will be renovated as part of the expansion. Salesforce currently occupies four floors of The Atlanta Plaza totaling 85,722 square feet. Following the expansion, the company will occupy seven floors and 158,163 square feet. The top floor of the building will also be transformed into an, “Ohana Floor,” which will offer an open hospitality space for Salesforce employees, customers and partners. The space will also be available for use by nonprofits and local education groups on weeknights and weekends at no cost. The expansion will allow the company to nearly double its Atlanta-based workforce of approximately 600 employees. Employees will begin moving into the newly renovated floors in 2019. “Atlanta is a fantastic market for world-class talent and we’re thrilled to grow our presence in the region,” says Warren Wick, executive vice president of commercial sales at Salesforce. “Many of our top customers call …
HOUSTON — BP Lower 48, a Denver-based subsidiary of oil and gas giant BP, has signed a 91,000-square-foot office lease at West Memorial Place, a 716,000-square-foot office campus located in Houston’s Energy Corridor. The two-building property, which is owned by Skanska, features a fitness center, café, car wash service and surrounding hiking trails. Louis Rosenthal and Anya Marmuscak of JLL represented BP Lower 48 in the transaction. The company will move in later this year.
SPRING, TEXAS — NAI Partners has negotiated a 35,000-square-foot industrial lease at 27347 W. Hardy Road in the northern Houston suburb of Spring. Darren O’Conor of NAI Partners represented the tenant, Installed Building Products of Houston LLC, in the lease negotiations. James Schuepbach and Lisa Nickel of Ryoak Real Estate Group represented the landlord, Giddy Up Development LLC.
DALLAS — Secure Collateral Management, a Dallas-based financial services firm specializing in locating and recovering collateralized assets, has signed a 22,000-square-foot office lease in Dallas. The firm is relocating from its current space to Lake Highlands Tower, a recently renovated office building that includes a bank, barbershop, café and conference center. Blake Shipley, Jay Bailey and Ashley Curry of JLL represented the landlord, Malouf Interests, in the lease negotiations.
Atlanta is recognizing that the nature of retail has changed. Shopping centers and mixed-use projects in Atlanta emphasize restaurants, fitness, entertainment and service retail. The changes in the market are happening quickly and consumers want the urban environment where everything they need is at their fingertips. Destination Retail The BeltLine is providing an unmatched opportunity for this business model. The Eastside trail proves that Atlanta has welcomed this type of retail. New developments without a true parking option or main street access have started to capture the population who use the BeltLine on a daily or weekly basis. Ponce City Market encapsulates experiential retail, taking an existing warehouse structure and transforming it into a food hall, rooftop entertainment and a place to work, congregate or live your daily life. It’s not a shopping center — it’s a destination. The modern shopping center isn’t about being a shopping center, it’s about providing all you need at once. Restaurants, Food Halls The restaurant business is always evolving, and the variety in Atlanta is unparalleled. Yet, while there are an abundance of restaurant openings, there are still several that will need to reinvent themselves to stay relevant. The biggest buzz has been food …
CHICAGO — Three new retailers have joined the tenant lineup at Optima Signature, a 57-story luxury apartment tower in Chicago’s Streeterville neighborhood. GoodVets Streeterville, a full-service veterinarian, has opened its 2,000-square-foot office. RUNAWAY, a run conditioning fitness studio, will occupy 4,200 square feet starting in November. Guidepost Montessori, a California-based school serving toddlers and preschoolers, is scheduled to open an 11,500-square-foot school later this year. Located at 220 E. Illinois St., Optima Signature features 490 apartment units and 58,000 square feet of retail and commercial space. Developer Optima Inc. completed the LEED Silver-certified property in 2017. Monthly rents start at $2,265.
KAUKAUNA, WIS. — Dollar Tree has signed a 9,525-square-foot lease in Kaukauna, about nine miles east of Appleton. The property is located at 321 W. Main St. Ross Koepsel and Nick Tice of Founders 3 Real Estate Services represented the tenant in the lease transaction. The landlord was not disclosed.
BRYAN, TEXAS — NAI Partners has arranged the sale-leaseback of a 48,765-square-foot industrial asset located at 7932 State Highway 21 W. in the Central Texas city of Bryan. Josh Lass-Sughrue, Jason Ridenbaugh and John Ferruzzo of NAI Partners represented the seller, Rod and Tubing Services, which services the oil industry. The buyer was PPL Properties LLC.
CHICAGO — Sheehan Nagle Hartray Architects (SNHA) has signed a 23,615-square-foot office lease to relocate to 1 Prudential Plaza in Chicago. The architectural firm will relocate form 12,907 square feet at 30 W. Monroe St. upon build-out of its space in April 2019. Geoffrey Kasselman, Matthew Whipple, Bob Chodos and Steve Levitas of Newmark Knight Frank represented SNHA in the lease transaction. Landlord Sterling Bay was self-represented in the deal. SNHA cited abundance of natural light, amenities, location and floor plates with room for growth as the reasoning for the site selection. The firm, which has 70 employees, offers architectural design, interior design and predesign services.
