Leasing Activity

VapeWild Signs 62,289 SF Office/Industrial Lease in Metro Dallas

by Taylor Williams May 8, 2018

ADDISON, TEXAS — VapeWild, a manufacturer and distributor of e-cigarette juice, has signed a 62,289-square-foot office/industrial lease at 4550 Excel Parkway in Addison, a northern suburb of Dallas. VapeWild has operated in Addison since 2013 and is expanding its footprint, which previously totaled 20,765 square feet. Roughly half the new space is being used for manufacturing and distribution and the other half will be used to house its customer relations team. The company, which now employs about 280 people, will move into its expanded space in July.

May 8, 2018

Leasing Activity Office Texas

Telecommunications Firm Signs 44,508 SF Office Lease in North Austin

by Taylor Williams May 7, 2018

AUSTIN, TEXAS — Virginia-based telecommunications firm GTT Communications has signed a 44,508-square-foot lease at Stonebridge Plaza I & II, a 386,101-square-foot office property in north Austin. KBS Realty Advisors owns the Class A property, which is located near The Domain and The Arboretum at Great Hills, two retail and dining destinations. The surrounding area also offers access to walking trails, tennis and basketball courts and a pool. Robbye Schroeder Kirkpatrick of Newmark Knight Frank represented GTT Communications in the lease negotiations.

May 7, 2018

Leasing Activity Northeast Pennsylvania

Cambria Company Signs 60,486 SF Lease in King of Prussia

by David Cohen May 3, 2018

KING OF PRUSSIA, PA. — An affiliate of Endurance Real Estate Group and Thackeray Partners has signed Cambria Company to a 60,486-square-foot industrial lease at 780 Third Avenue in King of Prussia. Cambria, which specializes in the production of engineered quartz surfaces, will occupy the entire building. The location will be used as a showroom serving the Mid-Atlantic region. Doug Fulton and Peter Greenhalgh of Avison Young represented Cambria in the lease negotiations. Endurance was represented by Paul Touhey and Andrew Green of CBRE. The building is part of a 292,769-square-foot portfolio that was purchased by Endurance in 2017.

May 3, 2018

Acquisitions Arizona Industrial Leasing Activity Western

Brennan Investment Group Completes Acquisition, Leaseback of 79,968 SF Industrial Facility in Phoenix

by Amy Works May 3, 2018

PHOENIX — Brennan Investment Group has acquired a two-building industrial facility, located at 4245 N. 40th Ave. in Phoenix, for an undisclosed price. The 79,968-square-foot property was simultaneously leased back to the seller, F&B Manufacturing, a provider of parts for the aerospace, automotive, power generation and semi-conductor industries. F&B Manufacturing uses the facility at its headquarters and for manufacturing and distribution.

May 3, 2018

Industrial Kansas Leasing Activity Midwest

Professional Packaging Systems Signs 247,589 SF Industrial Lease in Olathe, Kansas

by Kristin Harlow May 3, 2018

OLATHE, KAN. — Professional Packaging Systems LLC has signed a 247,589-square-foot industrial lease in Olathe. The distributor of packaging equipment will occupy space at 16231 S. Lone Elm Road. Ed Elder and John Stafford of Colliers International represented the landlord, STAG Industrial Holdings LLC. Mike Mitchelson of CBRE represented the tenant.

May 3, 2018

Leasing Activity Michigan Midwest Office

Site Design Firm PEA Opens New Office in Downtown Detroit

by Kristin Harlow May 3, 2018

DETROIT — PEA Inc. has opened a new 2,400-square-foot office in downtown Detroit. The site development design firm will occupy the space at the 45 West Grand River building, which is owned by Bedrock. Renovations were recently made to the office, which is now open. PEA, which specializes in civil engineering, land surveying and landscape architecture, operates four offices in southeast Michigan.

May 3, 2018

Leasing Activity Massachusetts Northeast Office

Amazon to Expand Boston Tech Hub With 430,000 SF at Seaport Project

by David Cohen May 2, 2018

BOSTON — Amazon has announced plans to expand its Boston Tech Hub with a 430,000-square-foot office lease at WS Development’s Seaport project. Amazon plans to open a new office inside the 7.6 million-square-foot Seaport development in 2021. Boston’s Seaport district has been transformed in recent decades into a technology center. Amazon’s teams based in the Boston metropolitan area primarily focus on Alexa, Amazon Web Services, and Audible. The expansion is expected to create an additional 2,000 technology jobs in fields including machine learning, speech science, cloud computing and robotics engineering. To date, the company has created around 3,500 jobs in Massachusetts.

May 2, 2018

Illinois Industrial Leasing Activity Midwest

King Solutions Signs 160,669 SF Industrial Lease in Glendale Heights, Illinois

by Kristin Harlow May 2, 2018

GLENDALE HEIGHTS, ILL. — King Solutions Inc. has signed a 160,669-square-foot industrial lease in Glendale Heights, about 30 miles west of Chicago. The property is located at 500 Regency Drive. This is the first location in the Chicago area for the asset-based 3PL provider of freight transportation management, retail project logistics, order fulfillment and warehousing services. Built on 9.4 acres in 1989, the warehouse features a clear height of 25 feet, seven exterior docks, one interior dock and two drive-in doors. The property can accommodate parking for 200 cars. Michael Morgan, Jim Herbst and Brian Netzky of Colliers International represented King Solutions in the lease transaction. Jeff Janda of Lee & Associates represented the landlord, Gateway.

May 2, 2018

Leasing Activity New Jersey Northeast

CBRE Secures 20,000 SF Lease for Cyber Security Company in Roseland

by David Cohen May 1, 2018

ROSELAND, N.J. — CBRE has secured a 20,000-square-foot lease at 5 Becker Farm Road in Roseland for Comodo CA, a global leader in cyber security. The company will move its U.S. headquarters to the location. Daniel F. Casey and Joseph A. Sarno of CBRE represented the building owner, a joint venture between Soma Capital Partners and Northlight Capital Partners, in the lease negotiations. Remy deVarenne and Kadeem Goodall-Reid of CBRE acted on behalf of Comodo CA.

May 1, 2018

Leasing Activity Midwest Minnesota Office

Three Tenants Sign Leases Totaling 120,000 SF at Office Park Near Minneapolis

by Kristin Harlow May 1, 2018

ST. LOUIS PARK, MINN. — Three tenants have signed office leases totaling 120,000 square feet at West End Center, a 200,000-square-foot building within West End Office Park in St. Louis Park, about five miles west of Minneapolis. nVent, a company related to Pentair’s electrical business, will occupy the sixth and seventh floors totaling approximately 60,000 square feet. CoBank, a national cooperative bank, will relocate its Minneapolis office from Metropoint and occupy the fourth floor for a total of 30,000 square feet. Magnet 360, an engagement strategy and Salesforce expertise company, will occupy the fifth floor with a 30,000-square-foot lease. West End Office Park, now 90 percent leased, spans six buildings and 560,000 square feet. The property recently underwent a renovation. Peter Fitzgerald, Bill Rothstein and Tom Sampair of Cushman & Wakefield represented an investor group in the lease transactions with nVent, CoBank and Mindtree Limited, parent company of Magnet 360. The investment group includes The Excelsior Group, its affiliate investment fund Opportunity Partners Fund IV and Goldman Sachs Asset Management Private Real Estate.

May 1, 2018

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