Tuesday, November 11, 2025
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Leasing Activity

DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Three New Tenants Sign Leases at Nora District in West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Three new tenants have signed leases at The Nora District, a mixed-use project currently underway in West Palm Beach. IGK Salon, Indaco and ZenHippo will occupy 2,347; 2,945; and 1,369 square feet at the property, respectively. The first phase of Nora District — which is being developed by a partnership between NDT Development, Place Projects and Wheelock Street Capital — is scheduled for completion early this year. Upon completion, Phase I will feature 150,000 square feet of retail, office and hospitality space. Committed retail tenants at The Nora District include Del Mar Mediterranean Restaurant, Sana Skin Studio, Mint, The Spot Barbershop, Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, The Garret Group, Juliana’s Pizza, Sunday Motor Co., Celis Juice Bar and Café and [solidcore].

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Leasing ActivityOfficeTexas

Compatriot Capital Signs 13,000 SF Office Lease in North Dallas

by Taylor Williams

DALLAS — Compatriot Capital, THE real estate investment subsidiary of Dallas-based Sammons Enterprises Inc., has signed a 13,000-square-foot office lease in North Dallas. Compatriot will occupy an entire floor at The Douglas, a 13-story building within Preston Center, beginning later this year. Conor McCarthy, Scott Hage and Larry Toon of JLL represented the tenant in the lease negotiations. Burson Holman and Elizabeth Fortado represented the landlord, Granite Properties, on an internal basis.

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Leasing ActivityNew YorkNortheastRetail

Lincoln Market to Open 35,809 SF Grocery Store in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Lincoln Market will open a 35,809-square-foot grocery store at 660 W. 42nd St. in Midtown Manhattan. The store will be located within the River Place apartment complex and will be the grocer’s ninth overall. Scott Sher of Katz & Associates represented Lincoln Market in the negotiations for the 20-year lease. Sean Moran, Steven Soutendijk, Alan Schmerzler, Michael O’Neill and Taylor Reynolds of Cushman & Wakefield represented the landlord, Silverstein Properties. The opening is slated for the fourth quarter.

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IllinoisLeasing ActivityMidwestOffice

RTM Engineering Consultants Signs 15,452 SF Office Lease in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — RTM Engineering Consultants has signed a 15,452-square-foot office lease at 1933 N. Meacham Road in the Chicago suburb of Schaumburg. Joe Stevens of Transwestern Real Estate Services represented ownership, Integris Ventures. In addition to RTM’s lease, other recent new and renewal lease transactions completed at the building include Lavelle Law (12,620 square feet), Naylor Association Solutions (10,361 square feet), Familia Dental (10,361 square feet) and Armstrong Transportation (4,841 square feet). The seven-story, 142,000-square-foot building features a four-story atrium lobby, 50-person conferencing facility, full-service deli, fitness center and underground executive parking garage.

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Leasing ActivityOfficeTexas

National Veterinary Associates Signs 39,000 SF Office Lease Near Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — The National Veterinary Associates has signed a 39,000-square-foot office lease near downtown Austin. The organization’s new headquarters space is located on the top floor of the office and retail building at The Bouldin mixed-use development at 1301 S. Lamar Blvd. Daniel Rasmussen and Brian Walker of Cushman & Wakefield represented the tenant in the lease negotiations. Austin-based Seamless Capital owns The Bouldin, which is also home to a 309-unit multifamily project that is nearing completion.

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Leasing ActivityNew YorkNortheastRetail

Wegmans to Open 101,000 SF Grocery Store in Lake Grove, New York

by Taylor Williams

LAKE GROVE, N.Y. — Regional grocer Wegmans Food Markets will open a 101,000-square-foot store in Lake Grove, a hamlet on Long Island. The store, which will be the grocer’s first on Long Island, will be located at 3270 Middle Country Road and has a grand opening date of Wednesday, Feb. 26. Wegmans expects to employ about 500 people at the store on full- and part-time bases.

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AcquisitionsFloridaIndustrialLeasing ActivitySoutheast

MAG Capital Partners Acquires Sarasota Industrial Facility in Sale-Leaseback Deal

by John Nelson

SARASOTA, FLA. — MAG Capital Partners, a Dallas-based investment firm led by Dax T.S. Mitchell and Andrew Gi, has acquired a 23,895-square-foot industrial facility located at 6460 Parkland Drive in Sarasota. The firm purchased the asset for an undisclosed price in a sale-leaseback with the tenant and seller, MDC Precision. Andrew Sandquist, JC Asensio and Briggs Goldberg of Newmark represented MDC, which uses the facility for its insulator sealing division, in the transaction. The asset is situated on a 2.2-acre site near the Sarasota-Bradenton International Airport with 1,000 feet of frontage along US Highway 301.

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DevelopmentGeorgiaLeasing ActivityLouisianaRestaurantRetailSoutheast

PJ’s Coffee to Expand in Metro Atlanta With 12 New Locations

by John Nelson

MANDEVILLE, LA. — PJ’s Coffee plans to open 12 new locations in the metropolitan Atlanta area over the next seven years. The Peach State currently has a PJ’s Coffee location in Greensboro and construction will soon begin for its next one in Rome. The Mandeville, La.-based coffeeshop chain has more than 185 locations operating systemwide and more than 100 in the development pipeline. “Our expansion into Atlanta represents a game-changing opportunity to share PJ’s unique flavors with a vibrant community that values Southern hospitality and exceptional coffee,” says Lory Schwartz, franchise development manager of PJ’s Coffee. “The city’s dynamic economy, strong coffee culture and affinity for innovation make it the perfect place for our next chapter of growth.”

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Leasing ActivityLife SciencesOfficeTexas

Rules-Based Medicine Renews 37,356 SF Office, Life Sciences Lease in North Austin

by Taylor Williams

AUSTIN, TEXAS —Rules-Based Medicine, a lab operator and division of Connecticut-based healthcare technology firm IQVIA, has renewed its office and life sciences lease at 3300 Duval Road in North Austin. Built on 7.1 acres in 2000, the facility is known as Stonecreek Park and totals 76,910 square feet. Nate Stricklen and Jay Austin of CBRE represented the tenant in the lease negotiations. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty.

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Leasing ActivityMidwestMissouriOffice

Anthem Blue Cross and Blue Shield to Relocate to Deloitte Building in Downtown St. Louis

by Kristin Harlow

ST. LOUIS — Anthem Blue Cross and Blue Shield has signed a lease to relocate to the Deloitte Building at 100 S. Fourth St. in downtown St. Louis. Anthem will occupy approximately 50,000 square feet in the 12-story, 260,000-square-foot building. The owner, Stanton Road Capital (SRC), is constructing its tenant amenity package, The Outpost, which will feature a fully modernized fitness center, 100-person conference room, Wi-Fi-enabled tenant lounge and grab-and-go food and beverage options. Anthem expects to relocate from its longtime office at 1831 Chestnut St. by fall 2025. Brandon Wappelhorst, Nick Fiquette and Tom Bajardi of Sansone Group represented SRC in the lease.

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