Leasing Activity

National General Insurance Signs 31,315 SF Lease, Brings Office Complex to Full Occupancy in Milwaukee

by Kristin Harlow June 15, 2018

MILWAUKEE — National General Insurance has signed a 31,315-square-foot office lease at Schlitz Park in Milwaukee. The 800,000-square-foot office complex is now fully leased. In 2011, Schlitz Park began undergoing a $30 million renovation. Since then, more than 20 new or expanded leases feature tenants such as the Milwaukee Bucks, UMB Fund Services, Infosys, AECOM, Badger Liquor, HSA Bank and Trusted Media Brands. Ned Purtell and Jenna Maguire of Founders 3 Real Estate Services represented Schlitz Park in the lease transaction. Chris Richards of Oakbrook Corp. represented National General Insurance, a personal lines insurance company headquartered in New York City. Schlitz Park is owned and managed by The Brewery Works Inc., the organization formed by the families that purchased the property in 1983.

June 15, 2018

Illinois Leasing Activity Midwest Retail

Planet Granite to Open 40,000 SF Climbing Gym at Planned Development in Chicago’s Lincoln Park

by Kristin Harlow June 14, 2018

CHICAGO — Planet Granite has signed a 40,000-square-foot lease to open a climbing gym at The Shops at Big Deahl in Chicago’s Lincoln Park. The freestanding facility, which will be located at the corner of Blackhawk and Dayton streets, is scheduled to open in spring 2020. The three-level gym will feature climbing walls as high as 55 feet. The facility will include roped climbing, bouldering, yoga and a retail shop. Groundbreaking is slated for spring 2019. The Shops at Big Deahl, from developer Structured Development, is slated to include 150,000 square feet of retail and commercial space.

June 14, 2018

Leasing Activity New York Northeast Retail

CoverGirl to Open Flagship Store in Times Square

by David Cohen June 13, 2018

NEW YORK CITY — CoverGirl will open its first-ever brick-and-mortar store in New York City’s Times Square this fall. The 10,000-square-foot flagship location will feature an experiential beauty “play room” with interactive elements, full-service makeup application, on-the-go services and digital experiences. The retail store will be an experiential interpretation of CoverGirl’s new campaign, “I Am What I Make Up,” which it released at the beginning of this year. CoverGirl, a Coty Inc. brand, will be the first mass legacy beauty brand to launch a flagship store in North America, according to a release from the company.

June 13, 2018

Industrial Leasing Activity Midwest Wisconsin

Colliers Negotiates 534,384 SF Industrial Lease Renewal for Arvato in Southeast Wisconsin

by Kristin Harlow June 13, 2018

PLEASANT PRAIRIE, WIS. — Colliers International has negotiated a 534,384-square-foot industrial lease renewal on behalf of Arvato Digital Services in Pleasant Prairie, approximately 37 miles south of Milwaukee. Located at 11500 80th Ave., the property features 20,000 square feet of office space, 40 exterior docks, four drive-in doors and a clear height of 32 feet. CenterPoint has owned the property since 2009. Fred Regnery and Jack Rosenberg of the Chicago office of Colliers represented Arvato in the lease transaction. Arvato distributes consumer products to retail store distribution centers as well as directly to consumers.

June 13, 2018

Leasing Activity Retail Texas

Taiwanese Bakery to Open Two Stores in the Austin Area

by Taylor Williams June 12, 2018

AUSTIN, TEXAS — Taiwanese bakery 85°C Bakery Café has signed leases to open two new stores in Austin, one in the Highland area on the city’s north side and one on Lakeline Boulevard on the city’s northwest side. John Nguyen of NewQuest Properties represented the bakery in its lease negotiations. Bryan McMurrey of CBRE represented the landlord in the lease for the Highland location, which will have a soft open on June 25.

June 12, 2018

California Leasing Activity Office Western

ARUP Engineering Moves to Downtown Los Angeles in $57M Lease Transaction

by Amy Works June 11, 2018

LOS ANGELES — ARUP Engineering has inked a deal to occupy 66,000 square feet of space at Wilshire Grand Building, a newly constructed office building in downtown Los Angeles. The value of the transaction is $57 million with an initial lease term of 15 years. The company plans to relocate from to the new location from Playa Vista, Calif., at year’s end. ARUP will occupy three floors of the 73-story building, which also include a five-star hotel, conference facilitates, a full gymnasium and a variety of restaurants. Nathan Pellow and Terence Kirk of Colliers represented the Los Angeles office of the London-based engineering firm in the lease negotiations, while Steve Marcussen and John Cushman III of Cushman & Wakefield represented the landlord, Hanjin/Korean Air.

June 11, 2018

Leasing Activity Northeast Office Pennsylvania

AmerisourceBergen Signs 400,000 SF Office Lease for New Corporate Headquarters in Conshohocken, Pennsylvania

by David Cohen June 8, 2018

CONSHOHOCKEN, PA.— AmerisourceBergen has signed a 400,000-square-foot office lease at Keystone Property Group’s SORA West site in Conshohocken for its new global headquarters. The site includes a 400,000-square-foot office building, 125-room hotel, 1,500-space parking garage, public spaces and restaurants. Binswanger represented AmerisourceBergen in the lease transaction. Currently headquartered in Chesterbrook, Pa., the company is ranked No. 12 on the Fortune 500 and serves as a partner in the pharmaceutical supply chain for thousands of healthcare providers, veterinary practices, livestock producers and global manufacturers. The new headquarters is expected to house around 1,500 employees.

June 8, 2018

Industrial Leasing Activity Texas

CBRE Negotiates 41,936 SF Industrial Lease in Oklahoma City

by Taylor Williams June 8, 2018

OKLAHOMA CITY — CBRE has negotiated a 41,936-square-foot industrial lease at 3228 N. Santa Fe Ave. in Oklahoma City on behalf of Spiers New Technologies Inc. a manufacturer of batteries for electric and hybrid cars. Jason Hammock, Caitlin Mazaheri and John Lenochan of CBRE represented Spiers in the lease negotiations. Brett Price of Newmark Grubb Levy Strange Beffort represented the landlord, a private trust.

June 8, 2018

Industrial Leasing Activity Texas

CBRE Negotiates 100,483 SF Industrial Lease in El Paso

by Taylor Williams June 7, 2018

EL PASO, TEXAS — CBRE has negotiated a 100,483-square-foot industrial lease at 1270 Don Haskins Drive in El Paso on behalf of Redwood Logistics, a Chicago-based freight company. Arturo De la Mora, Christian Perez Giese and David Saad of CBRE represented Redwood Logistics in the lease negotiations. The name and representative of the landlord were not disclosed.

June 7, 2018

Leasing Activity New Jersey Northeast Office

Mack-Cali Realty Signs Plymouth Rock to 12-Year, 130,000 SF Lease in Woodbridge, New Jersey

by David Cohen June 6, 2018

WOODBRIDGE, N.J. — Mack-Cali Realty Corp. has signed Plymouth Rock Insurance to a 12-year, 130,000-square-foot lease at Mack-Cali’s office complex in Woodbridge, located at 581 Main St. After the transaction, the eight-story, 200,000-square-foot property is now fully leased. Mack-Cali recently completed a capital improvements program at the property, which included upgrades to the entryway, lobby, fitness center, café, conference room and exterior landscaping. As an additional amenity, Mack-Cali recently partnered with Uber and will pay $10 towards rides for tenants to and from the complex during commuting hours. Toni Casiano of Mack-Cali represented the company in lease negotiations while Sam Horowitz of Colliers International represented Plymouth Rock. Cushman & Wakefield served as the exclusive leasing agent for the property.

June 6, 2018

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