Thursday, August 28, 2025
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Leasing Activity

8888-Balboa-Ave-San-Diego-CA
CaliforniaIndustrialLeasing ActivityWestern

Rexford Negotiates 123,492 SF Industrial Lease in San Diego

by Amy Works

SAN DIEGO — Rexford Industrial has inked a lease with an undisclosed tenant to fully occupy 8888 Balboa Avenue in San Diego’s Kearny Mesa submarket. The Class A distribution facility offers 111,706 square feet of warehouse space, 11,786 square feet of two-story office space, 20 dock-high loading positions, a clear height of 36 feet, ESFR sprinklers, concrete paving throughout the loading and yard area, and multiple access points with gated entry/exit and fencing. Evan McDonald, Mark Lewkowicz and Tucker Hohenstein of Colliers represented Rexford, while Wills Allen and Mike McQuaid of Newmark represented the tenant in the transaction.

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Leasing ActivityMichiganMidwestRestaurantRetail

Okika Hawaiian BBQ Signs 1,420 SF Retail Lease in Flat Rock, Michigan

by Kristin Harlow

FLAT ROCK, MICH. — Okika Hawaiian BBQ has signed a 1,420-square-foot retail lease to open in Flat Rock, a southern suburb of Detroit. The Dunkin’-anchored property is located at the southwest corner of Telegraph and Vreeland roads. Michael Murphy of Gerdom Realty & Investment represented the landlord, Shango Properties. Norman Abro of Keystone Commercial Real Estate represented the tenant.

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IndustrialLeasing ActivityTexas

Texas Logistic & Fulfillment Services Signs 299,731 SF Industrial Lease in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — Texas Logistic & Fulfillment Services has signed a 299,731-square-foot industrial lease in Sugar Land, a southwestern suburb of Houston. The third-party logistics company will occupy the entirety of the building at 12900 W. Airport Blvd., which according to LoopNet Inc. was constructed in 1998. The facility also features a cross-dock configuration and 11,600 square feet of office space. Joseph Smith and Pearce Martens of CBRE represented the tenant in the lease negotiations. Denver-based Sagard Real Estate owns the property.

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Leasing ActivityRetailTexas

Barnes & Noble to Open 18,000 SF Store at Alamo Ranch in San Antonio

by Taylor Williams

SAN ANTONIO — Barnes & Noble will open an approximately 18,000-square-foot store at Alamo Ranch, a 900,000-square-foot retail power center located on the west side of San Antonio. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Alamo Ranch, which is also home to tenants such as Best Buy, Dick’s Sporting Goods, Ross Dress for Less and Marshalls. A tentative opening date was not disclosed.

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Leasing ActivityNew YorkNortheastOffice

The Conference Board Signs 30,171 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — The Conference Board Inc. has signed a 30,171-square-foot office lease in Midtown Manhattan. The global think tank and nonprofit organization is relocating to the entire ninth floor of 875 Third Avenue, a 29-story building, via a 20-year lease. Erik Schmall and Scott Weiss of Savills represented the tenant in the lease negotiations. Paul Glickman, Diana Biascotti, Kristen Morgan and Harris Potter of JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.

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Florida Health Care Plan
AcquisitionsFloridaLeasing ActivityOfficeSoutheast

SRS Arranges $4.8M Sale of Medical Office Property in Daytona Beach Leased to Florida Health Care Plan

by Abby Cox

DAYTONA BEACH, FLA. — SRS Real Estate Partners has arranged the $4.8 million ground lease (land ownership) sale of a newly constructed, single-tenant medical office property located at 2655 LGPA Blvd. in Daytona Beach. Health insurance provider Florida Health Care Plan occupies the 7,500-square-foot building on a 20-year, corporate guaranteed, absolute triple-net lease. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Florida-based developer, as well as the 1031 buyer, a private investor, in the transaction.

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Waterfront-at-Washingtonian
Leasing ActivityMarylandOfficeSoutheast

CBRE Negotiates 120,000 SF Office Headquarters Lease in Gaithersburg, Maryland for X-Energy  

by Abby Cox

GAITHERSBURG, MD. — CBRE has negotiated a 120,000-square-foot office lease in Gaithersburg for American nuclear reactor and fuel design engineering company X-Energy. The new office will span the top five floors of Waterfront at Washingtonian, a 325,455-square-foot office property located at 9801 Washingtonian Blvd., about 20 miles northwest of Washington, D.C. Waterfront at Washingtonian is a 14-story, LEED-certified office building situated within The Washingtonian Center, a 1 million-square-foot retail complex. The property was the former North American headquarters for Sodexo, which vacated in late 2023 to occupy Pike & Rose in Bethesda, Md. At the time, the ownership completed several renovations to the building, including a new lobby and lounge, conference center, fitness center and a grab-and-go market on the ground floor. Brian McCarthy, Niel Beggy and Tim Connolly of CBRE represented the landlord, Prime US REIT, in the lease negotiations. Additional terms of the lease were not disclosed.

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IndustrialLeasing ActivityTexas

Fashion Wheels Signs 33,376 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams

HOUSTON — Fashion Wheels Inc. has signed a 33,376-square-foot industrial lease renewal in northwest Houston. The apparel wholesaler will remain a tenant at the building at 7108 Old Katy Road, which according to LoopNet Inc. was originally constructed in 1999 and totals 192,960 square feet. Chase McAteer of local brokerage firm Oxford Partners represented the tenant in the lease negotiations. Faron Wiley of CBRE represented the landlord, PGIM Real Estate.

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Leasing ActivityRetailTexas

Barnes & Noble to Open 20,000 SF Store at Southpark Meadows in South Austin

by Taylor Williams

AUSTIN, TEXAS — Barnes & Noble will open an approximately 20,000-square-foot store at Southpark Meadows, a regional power center located along I-35 in South Austin. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Southpark Meadows, which is also home to tenants such as Walmart, Target, PetSmart, Ulta Beauty, Old Navy, J.C. Penney and Marshalls. A tentative opening date was not disclosed.

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Leasing ActivityMidwestMinnesotaOffice

Transwestern Negotiates 48,564 SF Office Lease in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — Transwestern Real Estate Services has negotiated a 48,563-square-foot office lease in the Minneapolis suburb of Eagan. Leonardo DRS Inc., a defense technology company, will occupy space at Grand Oak VII within the Grand Oak Business Park. The lease term is 10 years. Leonardo DRS is relocating from Burnsville and is expanding its footprint this fall. Grand Oak VII is a 107,076-square-foot, single-story office building completed in 2002. Mike Honsa of Transwestern represented Group RMC, the owner of the 100-acre, 10-building business park. Chuck Bower and Jerry Moroe of RV3 Solutions represented the tenant.  

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