Leasing Activity

NAI Hanson Negotiates Long-Term Lease for 271,176 SF Industrial Facility in Mahwah, New Jersey

by Amy Works April 23, 2018

MAHWAH, N.J. – NAI James E. Hanson has brokered a lease with Snow Joe DC LLC for Sitex Group’s new industrial facility located at 100 Performance Drive within Stateline Business Park in Mahwah. Situated on 20.7 acres, the warehouse offers a 36-foot clear height, 54-by-60-foot column spacing, 36 dock doors, ESFR sprinklers, two drive-in doors and parking for 25 trailers and 184 cars. Snow Joe is a manufacturer of innovative, eco-friendly and affordable land and garden tools. Kenneth Lundberg and Patrick Lennon of NAI Hanson represented the landlord, while Brian Scheuer of Chaus Realty represented the tenant in the lease transaction.

April 23, 2018

Leasing Activity Restaurant Retail Texas

Toasted Yolk Café to Open Two More Restaurants in Houston Area

by Taylor Williams April 23, 2018

HOUSTON AND SUGAR LAND, TEXAS — Breakfast chain The Toasted Yolk Café will open two additional restaurants in the Houston area, including a 5,000-square-foot restaurant in the Galleria area of Houston and a 5,954-square-foot restaurant in the southwestern suburb of Sugar Land. The Toasted Yolk will have seven locations in Houston following the opening of these venues, both of which are slated for August. Paul Vernon of Henry S. Miller Brokerage Co. represented The Toasted Yolk in the lease negotiations for the new spaces.

April 23, 2018

Leasing Activity Retail Texas

RPAI Secures Two New Retail Leases at Huebner Oaks in San Antonio

by Taylor Williams April 23, 2018

SAN ANTONIO — Retail Properties of America Inc. (RPAI) has secured two new retail leases totaling 7,300 square feet at Huebner Oaks, a 285,000-square-foot, open-air shopping destination in San Antonio. Jeweler James Avery will open a 6,100-square-foot store and francesca’s, a women’s clothing and accessories retailer, will open a 1,200-square-foot store. The stores are scheduled to open in the summer of 2018 and early 2019, respectively.

April 23, 2018

Leasing Activity Multifamily New York Northeast

Cushman & Wakefield Arranges 99-Year Ground Lease for Manhattan Property

by David Cohen April 20, 2018

NEW YORK CITY — Cushman & Wakefield has arranged a 99-year ground lease for 311 West 42nd Street in the Midtown West neighborhood of Manhattan. Terms of the lease were not disclosed. Taconic Investment Partners and National Real Estate Advisors have leased the property from owners 1199SEIU United Healthcare Workers East and plan to demolish the existing building and construct a 350,000-square-foot rental building with ground-floor retail. The planned development will include an affordable rental housing component. Cushman & Wakefield represented the owner in the transaction. 1199SEIU will remain in the current space until 2020, when the union will relocate to its new headquarters.

April 20, 2018

Industrial Leasing Activity Maryland Southeast

MRP Industrial Signs 220,800 SF Lease with La-Z-Boy at Industrial Park Near D.C.

by Camren Skelton April 20, 2018

BOWIE, MD. — MRP Industrial has signed La-Z-Boy to a 220,800-square-foot, full-building lease at 16101 Queen’s Court, located within Bowie’s Collington Park industrial development. Delivered in 2016, the facility is located roughly 18 miles northeast of Washington, D.C. The national furniture manufacturer will transfer its distribution and logistics operation, currently located in Odenton, Md., to the new facility this fall. Lisa Goodwin of MRP Industrial and Lance Schwarz of NAI Michael arranged the lease on behalf of the building owner, a partnership between MRP Industrial and AEW Capital Management LP. Rob Tamillo, Zak Mirkowski, Todd Hughes and Greg Ferraro of JLL represented La-Z-Boy. Situated on 13 acres, 16101 Queen’s Court features 32-foot clear heights, 40 dock doors, two overhead drive-in doors, a 185-foot truck court and seven-inch, unreinforced concrete flooring. La-Z-Boy currently operates five manufacturing plants and six regional distribution centers throughout the country. The Bowie location will contain manufacturing, delivery and repair services, and will also offer customers the option to pick up furniture purchases instead of having their orders delivered.

April 20, 2018

Industrial Leasing Activity Michigan Midwest

Anytime Restoration Signs 10,500 SF Industrial Lease in Warren, Michigan

by Kristin Harlow April 20, 2018

WARREN, MICH. — Anytime Restoration Service Inc. has signed a 10,500-square-foot industrial lease in Warren. The disaster restoration company that specializes in both commercial and residential projects involving water, fire and mold cleanup will occupy the space at 6655 Chicago Road. Matthew Farrell and Kevin Tamer of CORE Partners represented the tenant in the five-year lease transaction. Brad Hitch of Deco Properties represented the undisclosed landlord.

April 20, 2018

Florida Industrial Leasing Activity Southeast

Weiss Realty Arranges 47,000 SF Industrial Relocation for T-Shirt Company in Miami

by Camren Skelton April 19, 2018

MIAMI — Weiss Realty has arranged the relocation of Hard Ten Tree Shirt Cos.’ production operations from Brooklyn, N.Y., to Miami. The one-story industrial building is located at 3360 N.W. 110th St. Jaime Weiss of Weiss Realty, along with Fred Meyer of NAI Mertz and Mike Waite of The Easton Group, arranged the 10-year, 47,000-square-foot lease on behalf of Hard Ten. Edison Vasquez of Com-Real Miami-Doral represented the landlord, Calico 2017 LLC. The T-shirt company will move into the new space this spring.

April 19, 2018

Leasing Activity Office Property Type Texas

Balfour Beatty Renews 46,694 SF Office Lease in Dallas

by John Nelson April 17, 2018

DALLAS — Construction firm Balfour Beatty has renewed its 46,694-square-foot office lease at Citymark at Katy Trail, a 226,344-square-foot office development located in the Uptown area of Dallas. Balfour Beatty’s new lease will keep the company in its current space, in which approximately 200 employees work, for another 10 years. Amenities at the property include a deli, fitness center with locker rooms, conference rooms and access to the Katy Trail. Richard Collinsworth of Bradford Commercial Real Estate Services represented the landlord, 3100 McKinnon LP, in the lease negotiations. Phil Puckett, Neal Puckett and Harlan Davis of CBRE represented Balfour Beatty.

April 17, 2018

Illinois Industrial Leasing Activity Midwest

iHerb Signs 257,344 SF Industrial Lease in Elgin, Illinois

by Kristin Harlow April 17, 2018

ELGIN, ILL. — iHerb Inc. has signed a 257,344-square-foot industrial lease in Elgin. The company sells nutritional supplements, vitamins, personal care, baby care and other health products. The industrial building, Zilber Industrial I, is located at 2640 Auto Mall Drive with immediate access to I-90. Jack Brennan and John Hamilton of CBRE represented the tenant in the lease transaction. Dominc Carbonari and Frank Griffin of JLL represented the owners, Zilber Property Group.

April 17, 2018

Industrial Leasing Activity Texas

NAI Partners Arranges 6,011 SF Industrial Lease in Houston

by Taylor Williams April 16, 2018

HOUSTON — NAI Partners has arranged a 6,011-square-foot industrial lease at 495 W. 38th St. in Houston on behalf of Eagle Controls Inc., a Houston-based original equipment manufacturer (OEM). Jake Wilkinson of NAI Partners represented Eagle Controls in the lease negotiations. The name and representative of the landlord were not disclosed.

April 16, 2018

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