FORT WORTH, TEXAS — National Distribution Centers (dba NFI) has signed a 129,143-square-foot industrial lease at Fort Worth South Business Park. The provider of third-party logistics services will occupy about half the space at Building 5 within the 320-acre, master-planned development, which is located 2.5 miles south of the I-20 and I-35 interchange. Will Carney, Nathan Lawrence and Krista Raymond of KBC Advisors represented NFI in the lease negotiations. Kyle Valley, Cameron Pybus and Nada Leanndra internally represented the landlord, California-based Majestic Realty Co., which owns the property in a joint venture with Hickman Cos.
Leasing Activity
TEXAS CITY, TEXAS — Dallas-based EōS Fitness will open a 40,000-square-foot gym in Texas City, located southeast of Houston in Galveston County. The space is located adjacent to I-45 within a site that will be anchored by an H-E-B grocery store in the near future. NewQuest represented EōS Fitness in the lease negotiations. The landlord, First Hartford Realty Corp., was self-represented. The opening is scheduled for 2027.
NEW ORLEANS — The Feil Organization plans to deliver a new Trader Joe’s grocery store at 2501 Tulane Ave. in New Orleans. The new 13,368-square-foot store will be the first location in New Orleans for the Monrovia, Calif.-based specialty grocer. Feil began assembling sites along Tulane Avenue in 2016 and executed the lease with Trader Joe’s in 2023. Colette Wharton and Katina Spera represented Feil internally in the lease negotiations, and Rich Lobkowicz of District Real Estate Advisors and Chris Ross of NAI Latter & Blum (now NAI Rampart) represented Trader Joe’s. The design-build team includes Sherman Strategies, SCNZ Architects and Landis Construction. Metairie Bank provided an undisclosed amount of construction financing for the project. The new Trader Joe’s is set to this summer, according to NOLA.com.
NEW YORK CITY — Southern Land Co. has signed a 13,000-square-foot office lease at 99 Park Avenue in Midtown Manhattan. The Nashville-based developer plans to relocate its New York City office from 75 Rockefeller Center to the fourth floor of the 600,000-square-foot building, which is in the midst of a $30 million capital improvement program. Ben Bass and Seth Godnick of JLL represented Southern Land in the lease negotiations. Paul Glickman, Diana Biasotti, Harrison Potter and Kristen Morgan, also with JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.
ROMULUS, MICH. — KSI Auto Parts has signed a lease for the entire 100,456 square feet of Building A within Airport Corporate Center in Romulus. Opus owns the development. KSI, a distributor of aftermarket collision automotive parts, maintains a small shipping center in the Detroit area. The Romulus facility marks the tenant’s first full inventory distribution center in the area. Airport Corporate Center is located one mile from I-94, three miles from the Detroit Metro Wayne County Airport and 20 miles from downtown Detroit. Building B remains available for lease and totals 170,088 square feet. Opus served as the developer, design-builder, architect and structural engineer on the project.
ALLEN, TEXAS — California-based construction consulting firm MKA International has signed a 10,536-square-foot office lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The space is located within the newly constructed FarmWorks One building. Nathan Durham and Duane Henley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Preston Taylor of Appian Commercial Realty represented MKA International.
NEW YORK CITY — Tom Ford Fashion has signed a 10-year, 11,118-square-foot office lease in Midtown Manhattan. The provider of accessories and cosmetics products is taking space on the sixth floor of 500 Park Avenue, an 11-story, 201,000-square-foot building that is now fully leased. David Goldstein, Jarod Stern and Sam Mann of Savills represented the tenant in the lease negotiations. Frank Doyle, Cynthia Wasserberger and Michael Pallas of JLL represented the landlord, SL Green, which acquired the building last winter.
ALLEN, TEXAS — Florida-based construction management firm Moss has signed a 25,815-square-foot office lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The space is located within the newly constructed FarmWorks One building. Nathan Durham and Duane Henley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Jake Young and Christian Munoz of Lincoln Property Co. represented Moss.
NEW YORK CITY — Queen One has signed a 29,718-square-foot office lease in Brooklyn. The technology-driven networking and communications startup has committed to a 10-year term at 25 Kent, an eight-story, 500,000-square-foot building that was designed by Gensler and HWKN Architecture. Scott Bogetti and Will Demuth of Savills represented Queen One in the lease negotiations. Ryan Gessin, Will Grover and Jordan Gosin of Newmark, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.
CHICAGO — Habitat has fully leased the apartments in the second phase of 43 Green, a mixed-income community in Chicago’s Bronzeville neighborhood. Located at 4309 S. Prairie Ave., immediately west of the Chicago Transit Authority’s (CTA) 43rd Street Green Line stop, 43 Green Phase II rises 10 stories and features 80 units, 44 of which are designated as affordable housing. Bordering the east side of the CTA station is Phase I of 43 Green, a 10-story, 99-unit building that includes 50 affordable housing units. Phase I opened in June 2023 and was fully leased by December of that year. Residences at Phase II are offered in studio, one- and two-bedroom floor plans ranging from 465 to 1,092 square feet. Amenities include two outdoor terraces, a fitness center, laundry facilities, flex work-from-home spaces, surface parking for 13 vehicles and 56 bicycle parking spots. The 80,000-square-foot building also features retail space. Representing an investment of more than $100 million across the project’s three phases, 43 Green is the first equitable transit-oriented development (ETOD) on Chicago’s South Side, according to Habitat. Prior to the city adopting its ETOD Policy Plan, nearly 90 percent of TOD projects between 2016 and 2019 were concentrated on …