Leasing Activity

CP Group Executes 35,000 SF of New Leasing Activity at CapRock in Bethesda, Maryland

by John Nelson January 7, 2025

BETHESDA, MD. — CP Group has executed nearly 35,000 square feet of leasing activity at CapRock, a three-building office campus in Bethesda spanning 709,313 square feet. The deals include four new tenants relocating from their Maryland and Northern Virginia offices, including insurance firm NFP (18,074 square feet), Montgomery County Employee Retirement Plans (10,564 square feet), endocrinology practitioner Ryse Health (2,929 square feet) and nonprofit medical tenant Hydrocephalus Association (2,328 square feet). Bernie McCarthy, Amanda Davis, Danny Sheridan and Patrick Hall of JLL represented CP Group in all four lease transactions at CapRock, which was formerly known as Democracy Center. CP Group rebranded the complex in 2023 as part of an ongoing capital improvement program at the development.

January 7, 2025

Industrial Leasing Activity Texas

US ELogistics Service Corp. Signs 302,825 SF Industrial Lease in Uptown Houston

by Taylor Williams January 7, 2025

HOUSTON — US ELogistics Service Corp., a New Jersey-based freight company, has signed a 302,825-square-foot industrial lease in Houston. The space is located within Constellation Post Oak, a two-building, 424,011-square-foot development in the Uptown area that features 32- to 36-foot clear heights. Zack Taylor and Barkley Peschel of Colliers represented the landlord, a partnership between Constellation Real Estate Partners and an affiliate of Crow Holdings Capital, in the lease negotiations. Robert McGee of Lee & Associates represented the tenant.

January 7, 2025

Leasing Activity New York Northeast Office

Report: Citadel Signs 504,000 SF Office Lease at 660 Fifth Avenue in Midtown Manhattan

by Taylor Williams January 7, 2025

NEW YORK CITY — Financial services firm Citadel has signed a 504,000-square-foot office lease at 660 Fifth Avenue in Midtown Manhattan, according to a recent report on the Manhattan office market from real estate services firm Savills. Brookfield Properties owns the 39-story, 1.2 million-square-foot building, which recently underwent a $400 million redevelopment. Law firm Fried Frank acted as advisor to Citadel in the lease negotiations and is also advising the company in the development of its new headquarters at 350 Park Avenue. CBRE is the leasing agent for 660 Fifth Avenue.

January 7, 2025

Leasing Activity New Jersey Northeast Retail

Jersey Pickleball Club to Open 13,800 SF Venue at Bell Works in Holmdel, New Jersey

by Taylor Williams January 7, 2025

HOLMDEL, N.J. — Jersey Pickleball Club will open a 13,800-square-foot venue at the Bell Works mixed-use development in Holmdel. The venue, which is scheduled to open in mid-March, will have five courts, social areas and locker rooms. Other tenants that will be opening in 2025 at Bell Works, which is owned by Inspired by Somerset Development, include restaurant Mabel, barbershop Exclusive Cuts and fitness concept ARMR Studios.

January 7, 2025

Leasing Activity Office Texas

Merit Energy Signs 104,034 SF Office Lease in North Dallas

by Taylor Williams January 6, 2025

DALLAS — Merit Energy has signed a 104,034-square-foot office lease in North Dallas. The oil and gas operator will relocate its headquarters to floors 10 through 12 at Two Lincoln Centre, a 19-story, 602,000-square-foot building located at 5420 LBJ Freeway. Matt Schendle, Zach Bean and Mary Frances Burnette of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations. Jeff Ellerman and John Ellerman of CBRE (now with Stream Realty Partners) represented Merit Energy.

January 6, 2025

Industrial Leasing Activity Texas

EoS Fitness to Open 40,000 SF Gym in Northeast San Antonio

by Taylor Williams January 6, 2025

SAN ANTONIO —EoS Fitness will open a 40,000-square-foot gym in northeast San Antonio. The space is located within Windsor Park Center, a 196,458-square-foot shopping center that was developed in 2012. Houston-based Whitestone REIT owns the center, which is also home to tenants such as Ross Dress for Less, Cavender’s and PetSmart. Daren Nix and Miller Snyder with RISE Commercial Partners represented EoS Fitness, which expects to open in early 2026, in the lease negotiations.

January 6, 2025

Acquisitions Georgia Industrial Leasing Activity Southeast

Graystone Capital Brokers Sale-Leaseback of 74,718 SF Industrial Facility in Metro Augusta for Stuckey’s

by John Nelson January 6, 2025

WRENS, GA. — California-based Graystone Capital Advisors has brokered the sale-leaseback of Stuckey’s 74,718-square-foot headquarters and manufacturing facility in Wrens, a rural suburb 30 miles southwest of Augusta. A Midwest-based buyer acquired the 10.2-acre asset for an undisclosed price, where Stuckey’s Corp. will lease the facility from its new owner. Julius Swolsky and Don Bingham of Graystone represented the seller in the transaction for the 20-year leaseback. Situated along 705 South Main St., the American brand has almost 20 standalone brick-and-mortar pecan stand locations and more than 50 Stuckey’s Express, or store-within-a-store, locations in convenience stores and gas stations, primarily in the Southeast and Texas. The company is a wholesale distributor for these outlets and the exclusive provider of Stuckey’s-branded products, including T-shirts, mugs, hats and the pecan log roll.

January 6, 2025

Leasing Activity New Jersey Northeast Office

McGivney Kluger Clark & Intoccia Signs 13,558 SF Office Lease in Livingston, New Jersey

by Taylor Williams January 6, 2025

LIVINGSTON, N.J. — McGivney Kluger Clark & Intoccia PC has signed a 13,558-square-foot office lease in the Northern New Jersey community of Livingston. The law firm is taking space at The Eisenhauer, a Class A campus located at 290 W. Mount Pleasant Ave. Jon Meisel, Erin Wenzler and Dan Casey of CBRE represented the landlord, Eastman Cos., in the lease negotiations. Fred Hyatt and Ignatius Armenia of JLL represented the tenant.

January 6, 2025

Industrial Leasing Activity Texas

CBRE Arranges 122,963 SF Industrial Lease in Baytown, Texas

by Taylor Williams January 3, 2025

BAYTOWN, TEXAS — CBRE has arranged a 122,963-square-foot industrial lease in Baytown, an eastern suburb of Houston. The site is located within the 258,248-square-foot Building 2 of Portside Logistics Center. Grant Hortenstine and Susan Haysom of CBRE represented the tenant, Borusan Pipe, in the lease negotiations. Tyler Maner and Jeremy Lumbreras of Stream Realty Partners, which owns Portside Logistics Center via a joint venture with Principal Asset Management, internally represented the landlord.

January 3, 2025

Leasing Activity Office Texas

Four Hands Signs 20,000 SF Office Lease in East Austin

by Taylor Williams January 3, 2025

AUSTIN, TEXAS — Four Hands has signed a 20,000-square-foot office lease in East Austin. The locally based furniture designer and wholesaler is taking space within Eastbound, a complex with two four-story buildings totaling 233,550 square feet at 3232 E. Cesar Chavez St. Chad Marsh of Endeavor Real Estate Group represented the tenant in the lease negotiations. A partnership between Lincoln Property Co., The KOR Group and Fenway Capital Advisors owns Eastbound.

January 3, 2025

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