MACOMB TOWNSHIP, MICH. — Morley Candy Makers has signed a lease to occupy 38,361 square feet of industrial warehouse space at 51640 Quadrate Drive in Macomb Township. Founded in 1919, the company is headquartered in Clinton Township and markets the Sanders Candy confectionary line. Joe DePonio of L. Mason Capitani CORFAC International represented the landlord, Quadrate Holdings, in the lease transaction.
DALLAS — Coworking office firm WeWork will open a 52,000-square-foot location within Victory Park, a 75-acre mixed-use development in Uptown Dallas. Scheduled to open in early 2019, WeWork’s new space will comprise two floors of the Victory Plaza building located at 3090 Olive St. According to the company website, the Victory Park location will be WeWork’s sixth in the DFW metroplex.
FENTON, MO. — Hubbell-Killark, a provider of integrated electrical industrial products, and BASF, a chemical producer, have signed leases at Fenton Logistics Park in suburban St. Louis. Hubbell-Killark will occupy a 160,000-square-foot building, while the agricultural services division of BASF will occupy 80,000 square feet at another building. The tenant spaces are slated for delivery by the end of this year. KP Development has invested nearly $75 million in the development of Fenton Logistics Park at the former Chrysler site. Nearly one-third of the park is now leased.
CHICAGO — Chicago Trading Co. (CTC) has signed a 114,186-square-foot office lease renewal and expansion at 425 Financial Place in Chicago. CTC, a derivatives trading firm, has expanded its lease by 26,768 square feet. Mark Keebler and Brad Serot of CBRE represented CTC in the lease transaction. Mike Curran of JLL represented the undisclosed landlord. Owner CIM Group has committed to investing significantly in the property, formerly known as 440 S. LaSalle St., to upgrade amenities and improve common areas.
TAYLOR, MICH. — Colliers International has negotiated the lease of a 70,186-square-foot industrial warehouse in Taylor. The property is located at 8555-8625 Inkster Road. Sheridan Burton of Colliers represented the tenant, Production Management One. This will be the first Michigan location for the traveling concert staging company, which has three locations nationwide. The company will occupy the space on Sept. 1. Paul Choukourian, Peter E. Kepic and Peter J. Kepic of Colliers represented the undisclosed landlord.
NASHVILLE, TENN. — Highwoods Properties Inc. (NYSE: HIW) plans to build a new $285 million headquarters campus in Nashville’s central business district (CBD) for Asurion, a privately held tech solutions firm. The Nashville-based company specializes in providing insurance and warranty plans covering mobile devices and other consumer electronics. Asurion will consolidate four of its existing local offices into the new campus, as well as create 400 new information technology jobs, according to local media reports. Highwoods, a Raleigh-based REIT that now has a development pipeline exceeding $700 million, recently executed the 551,000-square-foot build-to-suit office lease with Asurion. The tech firm will occupy 98.3 percent of the campus under a long-term lease. Nashville has been a haven for employment gains since the downturn. In the past decade, the Middle Tennessee metro has experienced 25 percent job growth, according to the Bureau of Labor Statistics. The Nashville MSA’s unemployment rate was 2.3 percent in May 2018. The Asurion campus will be built on a 4.2-acre site located at Church Street and 11th Avenue North along the Gulch Greenway, a seven-mile urban trail. The development will include two buildings rising eight and nine stories built atop a six-level parking podium. The planned parking …
KEARNY, N.J. — CBRE has secured a 110,147-square-foot industrial lease for global logistics provider Mainfreight in Kearny. CBRE represented Mainfreight in the full-building lease at RTC Properties’ 50 Cable Drive in Kearny. Terms of the lease were not disclosed. Mainfreight was founded in 1978 and is a provider of managed warehousing, as well as international and domestic freight forwarding services. The property features on-site management, 24-hour security and is located near the New Jersey Turnpike.
CHICAGO — Mercedes Benz has signed a 3,700-square-foot lease to open a pop-up store at 401 N. Michigan Ave. on Chicago’s Magnificent Mile. The automaker will begin occupying the space late this month for a three-month period. Mercedes will offer a rotating display of new models in the building’s plaza. Danny Jacobson, Luke Molloy and Stephen Ansani of CBRE represented Walton Street Capital in the lease transaction. Walton Street recently purchased the 737,000-square-foot office tower, which features 30,000 square feet of retail space. An Apple store currently occupies 22,000 square feet of the retail space.
LOCKPORT, ILL. — Kane Is Able Inc. has signed a 371,994-square-foot industrial lease at Heritage Crossing in Lockport, about 30 miles southwest of Chicago. The third-party logistics warehousing, transportation and supply chain company will occupy the space at 14630 S. 147th Court. The property features a clear height of 36 feet and is located near I-355. Trent Smith and Eric Beichler of Mohr Partners represented the tenant in the lease transaction. Dan Leahy, Mark Moran and John Whitehead of NAI Hiffman represented the landlord, ML Realty Partners.
CAMBRIDGE, MASS. — The Davis Cos. has arranged a 48,700-square-foot lease for Japanese pharmaceutical conglomerate Eisai Inc. at the Alewife Research Center in Cambridge. Eisai will relocate from its current site in Andover in the first quarter of 2019. Developed by The Davis Cos., the Alewife Research Center is a LEED Silver-certified, 224,000-square-foot laboratory building with ground-floor retail. Located at 35 Cambridgepark Drive, the five-story facility is scheduled for completion by Oct. 1, 2018.
