Leasing Activity

Logistics Firm Signs 289,200 SF Industrial Lease in Metro Houston

by Taylor Williams September 5, 2018

HUMBLE, TEXAS — Forward Air Solutions, a division of Tennessee-based distribution and logistics firm Forward Air Corp., has signed a 289,200-square-foot industrial lease in metro Houston. The company will occupy freestanding distribution space at 18727 Kenswick Drive in Humble, a northern suburb of Houston. The property was built in 2015 and currently totals 132,000 square feet, but is in the process of being expanded. Robert McGee and Chase Cribbs of Lee & Associates represented the landlord, Adkisson Group Inc., in the lease negotiations. Mike Bauer of Fischer Co. represented Forward Air.

September 5, 2018

Industrial Leasing Activity Texas

CBRE Negotiates 80,269 SF Industrial Lease Renewal in El Paso

by Taylor Williams September 5, 2018

EL PASO, TEXAS — CBRE has negotiated an 80,269-square-foot industrial lease renewal at 14 Butterfield Trail Blvd. in El Paso. The warehouse/distribution facility services the Ciudad Juarez manufacturing operations of the tenant, Key Tronic Corp., a Washington-based provider of fully assembled computers and their parts. Chad McCleskey and Christian Giese of CBRE represented the landlord, Elp Butterfield 14 LLC, in the lease negotiations.

September 5, 2018

Illinois Industrial Leasing Activity Midwest

Assemblers Signs 353,322 SF Industrial Lease Renewal in McCook, Illinois

by Kristin Harlow September 5, 2018

MCCOOK, ILL. — Assemblers Inc. has renewed its lease for 353,322 square feet of industrial space in McCook, a southwestern suburb of Chicago. The private assembly and contract packaging company fully leases the building at 8601 W. 47th St. The company has occupied the space since 2016. Built in 2015, the property features a clear height of 32 feet. Geoffrey Kasselman of Newmark Knight Frank negotiated the lease transaction, which included tenant improvements such as more power to support additional cooler and freezer areas, on behalf of Assemblers. Heitman Capital Management is the landlord.

September 5, 2018

Industrial Kentucky Leasing Activity Southeast

Walmart to Open $41M Distribution Facility in Shepherdsville, Kentucky

by Camren Skelton September 4, 2018

SHEPHERDSVILLE, KY. — Walmart will invest $41 million to open a new distribution facility in Shepherdsville, a city roughly 20 miles south of Louisville in Bullitt County. The Arkansas-based retailer will lease a 720,000-square-foot building within Velocity 65 Trade Center, an industrial park located off Interstate 65 along Velocity Way. The center will create 400 full-time jobs upon opening later this fall, and will eventually employ several hundred temporary workers, including seasonal employees. The Kentucky Economic Development Finance Authority has preliminarily approved Walmart for tax incentives up to $3 million through the Kentucky Business Investment program. The performance-based incentive allows the company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. Indianapolis-based Browning Investments is the developer and owner of Velocity 65 Trade Center.

September 4, 2018

Leasing Activity Office South Carolina Southeast

Serendipity Labs to Open Two Coworking Locations in Charleston Totaling 63,200 SF

by Camren Skelton September 4, 2018

CHARLESTON, S.C. — Serendipity Labs Coworking will open two office coworking locations in Charleston totaling 63,200 square feet. A 30,200-square-foot, corporate-owned location will anchor Holder Properties’ Portside-Ferry Wharf Development at the base of the Mount Pleasant Ravenel Bridge. The second, a 33,000-square-foot franchised location owned by hotel industry veteran Trey Scott, will be part of the Garco Mill mixed-use redevelopment project in North Charleston at 4854 O’Hear St. WECCO Development is developing the project. Both Serendipity Labs locations will feature a Lab Café, event space, wellness rooms, private rooms, studios with full A/V capabilities and complimentary tech support. In addition, the locations will feature art shows from local artists and member-only events. Lee Allen and Michael Berman of JLL represented Serendipity Labs in the lease transactions.

September 4, 2018

Leasing Activity Retail Southeast Virginia

Cushman & Wakefield | Thalhimer Arranges Leases with Trampoline Park, Panera Bread at Richmond Mall

by Camren Skelton September 4, 2018

RICHMOND, VA. — Cushman & Wakefield | Thalhimer has arranged leases with two tenants at Regency Mall in Richmond as part of the property’s ongoing redevelopment. Surge Trampoline, a Louisiana-based trampoline park concept, will open a 40,000-square-foot location on the top floors of the former Macy’s. The venue will be located along the newly redesigned and signalized Quioccasin Road entrance, and will be close to other recently announced tenants including Starbucks Coffee, Chipotle Mexican Grill and MOD Pizza. Connie Jordan Nielsen, Nicki Jassy and Pam Strieffler of Cushman & Wakefield | Thalhimer arranged the lease on behalf of the landlord. In addition, Panera Bread signed a lease for 4,500 square feet at one of the property’s outparcels. Nielsen represented both Panera and the landlord in the lease negotiations, and Jassy and Strieffler represented the landlord. The name of the owner was not disclosed, but according to the Richmond Times-Dispatch, The Rebkee Co. and Thalhimer Realty Partners acquired Regency Mall in 2015. The local outlet reports that construction on Surge Trampoline is expected to begin in the fall, and the Panera Bread is scheduled to open in late spring or early summer 2019.

September 4, 2018

Industrial Leasing Activity Texas

Stream Realty Partners Negotiates 411,460 SF Industrial Lease in Houston

by Taylor Williams August 31, 2018

HOUSTON — Stream Realty Partners has negotiated a 411,460-square-foot industrial lease at Northwest Logistics Center in Houston with Goodman Manufacturing Co. LP, a producer of heating and air conditioning systems. The transaction is the final step in Stream Realty Partners’ “three-step” process, whereby the company develops, leases and sells a project. The company had a sale agreement with the undisclosed buyer before construction commenced. Northwest Logistics Center property features a cross-dock configuration, 32-foot clear heights and ample trailer storage. Seth Koschak of Stream Realty Partners represented Goodman in the lease negotiations. The Houston-based manufacturer plans to move into the building during the fourth quarter.

August 31, 2018

Leasing Activity New Jersey Northeast Office

Sheldon Gross Realty Secures 21,000 SF of Office Leases in Freehold, New Jersey

by David Cohen August 31, 2018

FREEHOLD, N.J. — Sheldon Gross Realty has secured five leases totaling 21,000 square feet at the Fairfield Corporate Park in Freehold. The 165,000-square-foot office park is located at 920-922 Route 33. The five companies that signed leases are Declarations Inc. (7,425 square feet); 1-800 Junk (3,600 square feet); Utiliquest LLC (3,600 square feet); Garcia Sequeira LLC (3,209 square feet); and Stylecare Salon Services LLC (3,209 square feet). Glenn Jaffe, Jonathan Glick, and Matthew Leonelli of Sheldon Gross Realty represented the undisclosed landlord in the lease transactions.

August 31, 2018

Industrial Leasing Activity Midwest Ohio

EFL Expo Freight, TwinMed Sign Leases at CreekSide Industrial Center in Columbus

by Kristin Harlow August 31, 2018

COLUMBUS, OHIO — EFL Expo Freight and TwinMed LLC have signed new leases at CreekSide Industrial Center in Columbus. The Pizzuti Companies and USAA Real Estate own the property. EFL Expo Freight has leased an additional 84,916 square feet at CreekSide XVI for a total lease of 155,871 square feet. TwinMed has leased 101,000 square feet at CreekSide XVI and XVIII. With warehouses in nine states throughout the country, TwinMed is a distributor of medical supplies. Mike Spencer of Lee & Associates represented EFL Expo Freight in the lease transaction, while Joel Yakovac of Colliers International represented TwinMed. Phil Rasey of Pizzuti represented ownership in both lease transactions.

August 31, 2018

Kansas Leasing Activity Midwest Retail

Café, Juicery Sign Leases at $49M Apartment Project in Overland Park, Kansas

by Kristin Harlow August 31, 2018

OVERLAND PARK, KAN. — Parisi Café and Evolve Juicery & Kitchen have signed leases to occupy a combined 4,135 square feet of ground-level retail space at The Vue in Overland Park. Hunt Midwest is developing the $49 million apartment project. Parisi will occupy 2,293 square feet, including a 400-square-foot outdoor patio. Upon opening in early 2019, the café will serve espresso and coffee drinks, pastries, sandwiches and soups. This is the brand’s second location in metro Kansas City. Evolve will offer a selection of freshly prepared meals, side dishes and organic juices in its 1,842-square-foot space. The Vue will include 219 apartment units above 8,650 square feet. Residents are scheduled to begin moving into the property in December.

August 31, 2018

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