CHICAGO — Euromonitor International LLC has signed a 36,023-square-foot office lease at 1 N. Dearborn St. in Chicago. The independent provider of strategic market research will move its North American headquarters from 224 S. Michigan Ave. in October of this year. Euromonitor will occupy the 17th floor of the Central Loop office tower, which is owned by Beacon Properties. Tony Karmin and Corby Marx of Colliers International represented the tenant in the lease transaction. Jack O’Brien and Caroline Colnon of Telos Group represented Beacon Properties.
Leasing Activity
CHICAGO — Bluemercury, a luxury beauty retailer, has signed a lease to open an 1,800-square-foot store at 900 West in Chicago’s Fulton Market district. The store is expected to open this summer. Tucker Development Corp. completed 900 West last year. The project included the renovation of 10 historic buildings along West Randolph Street. Together, the buildings comprise 45,000 square feet of street-level retail space and 45,000 square feet of upper-level office space. Bluemercury joins lululemon athletica and Bonci Pizza, both of which opened last year.
HOUSTON — NAI Partners has negotiated a 54,891-square-foot office lease renewal at 2600 N. Loop West in Houston. Jon Silberman of NAI Partners represented the tenant, PFS Group LLC, a provider of accounts receivables solutions and programs, in the lease negotiations. The name and representative of the landlord were not disclosed.
RUTHERFORD, N.J. — Cushman & Wakefield has closed a lease on behalf of Bergen Logistics for a 404,000-square-foot fully automated distribution center at 299 Thomas E. Dunn Memorial Highway in Rutherford. It is the largest Meadowlands industrial deal since mid-2016, according to Cushman & Wakefield. The long-term lease of the recently renovated Murray Metro Distribution Center closed in December and was handled by Bonni Heller of Cushman & Wakefield. The landlord, Murray Construction Co. Inc., was represented in house by Michael Nachtome and Thomas Monahan of CBRE. Located off exit 16W of the New Jersey Turnpike, the 25.5-acre property offers easy access to commuter rail lines and is about 15 minutes from Newark Liberty International Airport. The transaction will result in the creation of around 200 new jobs, according to Ron Roman, CEO of Bergen Logistics.
COLUMBUS, OHIO — Stonecrop Technologies has signed a 527,127-square-foot industrial lease to fully occupy a building located at 3500 Southwest Blvd. in Grove City, about 10 miles south of Columbus. The wireless systems deployment company will occupy the space for three years. Michael Linder of Colliers International brokered the lease transaction, according to Columbus Business First. Plymouth Industrial REIT Inc. owns the property and recently announced a new regional office in Columbus to serve its properties in Ohio and Indiana.
BROOKFIELD, WIS. — Founders 3 has negotiated a 51,700-square-foot industrial lease for The Community Warehouse Inc. in Brookfield, a suburb of Milwaukee. The property is located at 4837 W. Woolworth Ave. Joe Carollo of Founders 3 represented the landlord, Woolworth Development Group LLC, in the lease transaction. The tenant is a nonprofit, faith-based organization that offers home and facility improvement materials to individuals, businesses and organizations in Milwaukee’s Community Block Grant Development Zone.
ST. JOSEPH, MO. — FFO Home has opened a new 35,000-square-foot store in St. Joseph, which is located in northwestern Missouri. The Arkansas-based company will occupy the space in the former Big Bob’s Outlet store at 3715 N. Belt Highway. Tony DeTommaso and Mark McConahay of Block & Co. Inc. Realtors represented the landlord, BB St. Joe LLC, in the lease transaction. FFO Home, originally known as Furniture Factory Outlet, has nearly 50 stores in seven states.
HOUSTON — Lee & Associates has negotiated a 49,000-square-foot industrial lease at 4514 Brittmoore Road in northwest Houston. Preston Yaggi and Stephen Kuper of Lee & Associates represented the landlord, Chapman & Cole, in the lease negotiations. Travis Land and Nick Peterson of NAI Partners represented the tenant, BiSN Oil Tools LLC, a provider of sealing solutions for the oil and gas business.
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