Leasing Activity

Urban Spaces Signs CarGurus to 50,000 SF Office Lease in Cambridge

by David Cohen June 28, 2018

CAMBRIDGE, MASS. — Urban Spaces has signed online automotive marketplace CarGurus to a 50,000-square-foot office lease at 121 First, a 60,000-square-foot mixed-use development in Cambridge. The building also includes 50 parking spaces. CarGurus was represented in the transaction by Nat Kessler and Adam Brinch of CBRE. Designed by architectural firm Perkins Eastman and built by Nauset Construction, 121 First is part of a $200 million development by Urban Spaces. The development will include 50,000 square feet of office space, 50,000 square feet of retail space and 250 apartments as well as a half-acre of green space in Cambridge. The building is currently under construction and is slated to be completed this summer.

June 28, 2018

Leasing Activity New York Northeast Office

Rockefeller Group Secures 49,000 SF Lease Expansion at 50-Story Office Tower in Manhattan

by David Cohen June 27, 2018

NEW YORK CITY — Rockefeller Group has signed Mayer Brown LLP to a 49,000-square-foot lease at 1221 Avenue of the Americas, a 50-story office tower in Manhattan. The global legal services firm now occupies five floors and 235,000 square feet at the building. Mayer Brown was represented by Bob Flippin, Andrew Sussman, Lauren Crowley Corrinet and Anthony Dattoma of CBRE in the transaction. Rockefeller Group was represented by an in-house team led by Ed Guiltinan. Following the transaction, the office space at the 2.6 million-square-foot building is now 97 percent occupied.

June 27, 2018

Leasing Activity Retail Texas

Motorcycle Group to Open Five New Dealerships in Texas by 2019

by Taylor Williams June 26, 2018

BEDFORD, TEXAS — Lucky Penny Cycles, a seller of pre-owned motorcycles, will open five new dealerships in Texas by 2019, including locations in Dallas-Fort Worth, Houston, Austin and San Antonio. The company’s first store, which opened in the Fort Worth suburb of Bedford in 2016, features an 18,000-square-foot showroom and offers brands including Harley-Davidson, Honda, Suzuki and Yamaha. The store also sells clothing and other biker-themed merchandise.

June 26, 2018

Leasing Activity Midwest Missouri Retail

GBT Realty Unveils New Tenants at the Shoppes of Mid Rivers in St. Peters, Missouri

by Kristin Harlow June 26, 2018

ST. PETERS, MO. — GBT Realty Corp. has unveiled new tenants at the Shoppes of Mid Rivers in the suburban St. Louis community of St. Peters. Outback Steakhouse is currently under construction and a Blaze Fast Fire’d Pizza is slated to join the tenant lineup. Other new leases include Nail Lounge, SSM Physical Therapy and Uptown Cheapskate. These tenants are expected to open later this year. Current tenants at the 270,000-square-foot retail center include Academy Sports + Outdoor, HomeGoods, Ross Dress for Less, Marshalls and Ulta Beauty. The property is currently 92 percent leased.

June 26, 2018

Industrial Leasing Activity Massachusetts Northeast

NKF Secures 147,371 SF Lease Extension at Industrial Facility Near Boston

by David Cohen June 26, 2018

BEDFORD, MASS. — Newmark Knight Frank has secured a 147,371-square-foot lease extension with photonics company Novanta for their corporate headquarters at 125 Middlesex Turnpike in Bedford. Bedford is 20 miles northwest of Boston. NKF represented ownership, 125 Middlesex Turnpike LLC, in the transaction. Built in 1975 and renovated in 2009, 125 Middlesex Turnpike is a 147,371-square-foot, single-story, flex/manufacturing building that includes 75,000 square feet of office space. Novanta is a supplier of laser products, precision-motion and vision technologies and has occupied the property since 2008.

June 26, 2018

Leasing Activity New York Northeast Office

Feil Organization Secures 52,000 SF of Office Leases in Manhattan

by David Cohen June 25, 2018

NEW YORK CITY — The Feil Organization has signed three tenants to nearly 52,000 square feet of office leases at 841 Broadway, 250 Park Ave. South, and 257 Park Ave. South in Manhattan. Global professional services firm Ernst & Young renewed its lease at 841 Broadway for a total of 27,000 square feet; cryptocurrency trading firm Digital Currency Group signed a new 11,985-square-foot lease at 250 Park Ave. South; and digital marketing agency Bulletproof signed a new 13,000-square-foot lease for the entire eighth floor of 257 Park Ave. South. Feil’s three-building portfolio in Manhattan is 98 percent occupied following the transactions.

June 25, 2018

Florida Leasing Activity Office Property Type Southeast

Encore Capital Signs Aetna to 85,000 SF Office Lease at Plantation Walk Project in Broward County

by John Nelson June 25, 2018

PLANTATION, FLA. — Encore Capital Management has signed an 85,000-square-foot lease with Aetna at Plantation Walk, a $350 million mixed-use project under development in Plantation. The healthcare company will move from its current location in Sunrise, Fla., to a 160,000-square-foot office building at the new development in December. Aetna’s new location will house several divisions of the company including commercial business, Medicare, Medicaid and Aetna International. At full build-out, Plantation Walk will feature 700 multifamily units, 200,000 square feet of retail and restaurant space, 160,000 square feet of office space, a 263-room Sheraton Hotel and two parking garages. Aetna is the first announced tenant at the new office building.

June 25, 2018

Industrial Leasing Activity Texas

Water Treatment Firm Signs 107,000 SF Industrial Lease Expansion in Houston

by Taylor Williams June 22, 2018

HOUSTON — Evoqua Water Technologies, a Pittsburgh-based water treatment company, has signed a 107,000-square-foot industrial lease expansion at 15414 International Plaza Drive in Houston. The property was built in 1999 and features 24-foot clear heights, 22 dock-high doors and 16,000 square feet of office space. Evoqua previously occupied about 45,000 square feet within the park but will consolidate three Houston-area locations into its expanded space by the fourth quarter. David Buescher and Geoff Perrott of JLL represented Evoqua in the lease negotiations. Logan Greer and Rives Nolen of InSite Realty represented the landlord, EastGroup Properties.

June 22, 2018

Acquisitions Industrial Leasing Activity New Jersey Northeast

Cushman & Wakefield Negotiates Sale-Leaseback of 318,389 SF Industrial Facility in South Brunswick

by David Cohen June 22, 2018

SOUTH BRUNSWICK, N.J. — Cushman & Wakefield has negotiated the sale-leaseback of 473 Ridge Road, a 318,389-square-foot warehouse and distribution facility in South Brunswick. The sales price was not disclosed. Located on a 28-acre parcel, the property includes clear heights of up to 28 feet, 20 trailer spaces, 582 parking spaces and 38,207 square feet of office space. Cushman & Wakefield represented the seller, sportswear manufacturer Central Mills, in the transaction. The buyer was Saadia Group LLC. Central Mills will continue to occupy the property under a long-term lease arrangement.

June 22, 2018

Iowa Leasing Activity Midwest Retail

Old Navy to Open at Outlets of Des Moines This Fall

by Kristin Harlow June 22, 2018

ALTOONA, IOWA — Old Navy Outlet is set to open at the Outlets of Des Moines this fall. The men, women and kids clothing retailer will occupy 12,000 square feet. New England Development is the developer behind the 300,000-square-foot outlet center, which is located at 801 Bass Pro Drive near I-80. Current retailers at the property include LOFT Outlet, Nike Factory Store, Express Factory Outlet, Tommy Hilfiger and Under Armour.

June 22, 2018

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