ARLINGTON, TEXAS — Better Home Products, a provider of bathroom accessories and hardware items, has signed a 179,875-square-foot industrial lease at Great Southwest Distribution Center in Arlington. The lease represents a renewal as well as an expansion from the company’s previous space. John Brewer of Transwestern represented Better Home Products in the lease negotiations.
Leasing Activity
ATLANTA — Shorenstein Properties LLC has signed three tenants totaling 37,399 square feet to Bank of America Plaza in Atlanta’s Midtown district. The 55-story office tower, the tallest in the Southeast, recently underwent a $10 million renovation to the building’s west wing that delivered new workspaces and a food hall. Revel Systems, a San Francisco-based technology firm, signed a 25,547-square-foot, full-floor lease on the building’s 38th floor. The company will move into upgraded, loft-style offices that are part of the tower’s expanding spec suite program. The spec suites include open floor plans, creative lounge space and tech-enabled amenities. The next block of spec suite space, which totals approximately 15,000 square feet, is scheduled to come on line in the fall. Also as part of the spec suite program, Shorenstein signed Groundfloor, a real estate lending marketplace, to 7,746 square feet at the building. The landlord also signed Florence Healthcare, a company focused on improving clinical trial data flow to advance cures through software, to 4,106 square feet. Bank of America Plaza is home to tenants such as Anthem Inc., Display Data, Featurespace and Riskalyze. The tower is located adjacent to the North Avenue MARTA station and within five blocks of …
HOUSTON — Tulsa-based publishing firm PennWell Corp. has signed a 19,363-square-foot office lease renewal at 1455 West Loop S. in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the landlord, Koswood Investments NV, in the lease negotiations. Grayson Wallace and Rich Claussen of Cushman & Wakefield represented PennWell.
MESQUITE, TEXAS — Furniture wholesaler Elements International has signed a 487,200-square-foot warehouse lease at Skyline Trade Center, an 87-acre office and industrial park in the eastern Dallas suburb of Mesquite. The new space, which features a cross-dock configuration and 36-foot clear heights, will serve as the company’s headquarters as well as its chief distribution facility. The lease term is 88 months. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented IDI Logistics in the lease negotiations. Nathan Lawrence of CBRE represented Elements International.
DOWNERS GROVE, ILL. — Elkay has signed a 47,073-square-foot industrial lease in Downers Grove. The kitchen sink company is relocating two of its business teams from 2222 Camden Court in Oak Brook in August, but the company’s headquarters will remain at the Oak Brook property. Dan Arends of Colliers International represented Elkay in the lease transaction. The landlord was not disclosed.
DALLAS — Lee & Associates Dallas/Fort Worth has arranged a 10,800-square-foot industrial lease at 4656 Leston Ave., Suite 501 in Dallas. Bates & Myers Co. represented the tenant, First Choice Bargains, in the lease transaction. Phil Rosenfeld and Matt Thompson of Lee & Associates represented the landlord, Regal Business Center LLC.
WASHINGTON, D.C. — The recently merged operation of Madison Marquette and PMRG has moved its headquarters to 1000 Maine, the trophy office building of The Wharf. Madison Marquette, which is co-developing the 2.2 million-square-foot, waterfront mixed-use project, merged operations with PMRG in June. The combined company will occupy 26,000 square feet at 1000 Maine, which features a soaring lobby and waterside atrium, fitness facility overlooking the water and a 10,000-square-foot rooftop conference center and patio space with views of the Potomac River. Capital Guidance, parent company of Madison Marquette and PMRG, will share the new space for its global headquarters. Additional tenants at 1000 Maine include the D.C. office of Fish & Richardson, Washington Gas and its parent energy company WGL, Socially Determined and the law offices of Michael Best & Friedrich LLP. The office building is part of The Wharf’s first phase of development, which includes a concert hall, three hotels, two multifamily and condominium buildings and 210,000 square feet of restaurants, retail and entertainment space. Phase I of The Wharf opened last October, and Phase II of the project is scheduled to open in 2022.
ADDISON, ILL. — JDS Industries has signed an 87,000-square-foot industrial lease in Addison. The wholesale supplier of personalization and awards components will occupy the entire building at 350 Church St. The property features 7,000 square feet of office space, a clear height of 24 feet, 13 exterior docks, one drive-in door and 59 car parking spaces. The company is relocating from Elk Grove Village as part of an expansion of operations. Britt Casey and Jeff Matella of Cushman & Wakefield represented the landlord, The Silverman Group. Sam Durkin of JLL represented the tenant.
AUSTIN, TEXAS — Tech firm GLG, which provides platforms that bring subject matter experts together, has expanded its office lease in Austin. The company will now occupy 84,000 square feet at 301 Congress Avenue, with space for up to 730 employees. The new space includes an additional coffee bar, an outdoor covered terrace and a training and presentation room.
NEW YORK CITY — Fisher Brothers has signed Deluxe Financial Services to a 21,229-square-foot lease at 605 Third Ave., a 1.1 million square-foot office tower in Manhattan. The financial services provider will occupy the entire 37th floor of the building. Ryan Tibbits and Harry Krausman of Cushman & Wakefield represented Deluxe Financial Services in the transaction. Since completing a $25 million capital improvement program at 605 Third Ave., Fisher Brothers has executed 280,000 square feet of leases at the tower. Originally built by Fisher Brothers in 1963, the 44-story building is certified LEED Gold by the U.S. Green Building Council with a tenant roster that includes Univision, AECOM, David Hutcher & Citron LLP and the United Nations Population Fund.