Wednesday, July 16, 2025
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Leasing Activity

DevelopmentLeasing ActivityNew YorkNortheastOfficeTop Stories

AllianceBernstein Opens New 189,000 SF Office at The Spiral in Manhattan

by John Nelson

NEW YORK CITY — Global investment management firm AllianceBernstein LP (NYSE: AB) has opened its new office at The Spiral, a 66-story office tower in New York City’s Hudson Yards district. The office spans 189,000 square feet across four floors and houses two business lines for the tenant: AllianceBernstein and Bernstein Private Wealth Management. Tishman Speyer delivered The Spiral last year at 66 Hudson Blvd. E, which is situated on the west side of Midtown Manhattan. The tower sits at the north end of the High Line trail and houses office, healthcare and retail locations for tenants including HSBC, New York-Presbyterian Hospital and Pfizer, among others. AllianceBernstein’s new office features open floor plans, advanced technology, collaborative meeting and events spaces and outdoor terraces on every level. “This transition marks a special moment for our firm,” says Onur Erzan, head of AB Global Client Group and Bernstein Private Wealth Management. “Our brand-new, state-of-the-art space in the heart of New York City presents significant opportunities to our clients and colleagues.” AllianceBernstein struck the 20-year lease agreement with Tishman Speyer in 2019.  The firm’s previous New York headquarters was located at the AllianceBernstein Building at 1345 Avenue of the Americas. The New York …

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Leasing ActivityOfficeTexas

Atlantic Aviation Signs 26,608 SF Office Lease in Plano

by Taylor Williams

PLANO, TEXAS — Atlantic Aviation has signed a 26,608-square-foot office lease in Plano. The provider of aircraft ground support services will occupy a full floor at Granite Park 6, a 422,109-square-foot building that was completed in 2023. Ryan Hoopes and Tom Sutherland of Cushman & Wakefield represented the tenant in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Granite Properties, which owns the property in partnership with Raleigh-based REIT Highwoods Properties, on an internal basis. The deal brings the building to 26 percent occupancy.

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Leasing ActivityMidwestMissouriRestaurantRetail

Wingstop Leases 1,600 SF at Frolics Plaza Shopping Center in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Wingstop has leased 1,600 square feet at Frolics Plaza Shopping Center in Kansas City. Jody Minder of Block & Co. Inc. Realtors represented the undisclosed landlord, while Andrew Sandburg of Lane4 Property Group represented the tenant. Construction will start immediately to devise the 3,250-square-foot space, with 1,600 square feet utilized for Wingstop and the remaining available for lease. Wingstop is expected to open in summer 2025. Frolics Plaza is home to Rainbow Chinese Restaurant, Ixtapa Fine Mexican Cuisine, Moti Mahal Indian Restaurant, ISmoke Vape Shop and Smoothie King. Block & Co. handles leasing and management of the property.

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IndustrialLeasing ActivityTexas

Holt Lunsford Negotiates 25,970 SF Industrial Lease in Southwest Dallas

by Taylor Williams

DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 25,970-square-foot industrial lease in southwest Dallas. According to LoopNet Inc., the building at 4301-4311 Shilling Way was originally constructed in 1971 and totals 74,373 square feet. Canon Shoults and Mitch Cantwell of Holt Lunsford represented the landlord, Boston-based private equity firm Taurus Investment Holdings, in the lease negotiations. The representative of the tenant, Sunmetals Products of America, was not disclosed.

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Leasing ActivityRetailTexas

Kids Empire to Open 10,527 SF Indoor Playground in Cedar Hill, Texas

by Taylor Williams

CEDAR HILL, TEXAS — Kids Empire will open a 10,527-square-foot indoor playground in the southwestern Dallas suburb of Cedar Hill. The space is located within Hillside Village, a 615,000-square-foot, open-air power center that anchored by Dick’s Sporting Goods, Barnes & Noble, Old Navy and H&M. Gretchen Miller, Emilie Paulson and Bryn Carden of Weitzman represented the landlord, PREP Property Group, in the lease negotiations. Robin Barrow and Eddie Liebman, also with Weitzman, along with Austin Diemer and Shelby Pedroza with E & R Property Group, represented Kids Empire.

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CaliforniaLeasing ActivityOfficeWestern

Southern California Gas Leases 198,553 SF at City National 2CAL in Downtown Los Angeles

by Amy Works

LOS ANGELES — Southern California Gas Co. (SoCalGas) has signed a long-term lease for 198,553 square feet of office space at City National 2CAL in downtown Los Angeles. CIM Group owns the 1.4 million-square-foot, 52-story office building at 350 S. Grand Ave. in downtown’s Bunker Hill district. SoCalGas will relocate to City National 2CAL from its namesake downtown Los Angeles building, Gas Company Tower, where it has been located since the building’s opening in 1991. At its new space, SoCalGas will have project and building top signage at the property. Geno St. John from CIM Group’s in-house office leasing team, in partnership with Peter Hajimihalis and Hayley Blockley of JLL, represented the owner in the lease negotiations. Clay Hammerstein and Danny Rees of CBRE represented the tenant.

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Leasing ActivityNortheastPennsylvaniaRetail

GIANT to Open 50,000 SF Grocery Store at Andorra Shopping Center in Philadelphia

by Taylor Williams

PHILADELPHIA — Grocery chain GIANT will open a 50,000-square-foot store at Andorra Shopping Center in Philadelphia. The center’s owner, Federal Realty Investment Trust, will develop the grocery space from the ground up beginning next year and also reposition 30,000 square feet of existing retail space. The two projects represent a combined investment of $25 million. Repositioning plans include the addition of landscaped plazas, outdoor dining and curbside pick-up spaces as well as expanded sidewalks.

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Leasing ActivityNew JerseyNortheastOffice

Sumitomo Mitsui Trust Bank Signs 30,000 SF Office Lease in Hoboken

by Taylor Williams

HOBOKEN, N.J. — Sumitomo Mitsui Trust Bank has signed a 30,000-square-foot office lease in Hoboken. The affiliate of the Japanese lender is taking space on the ninth floor of Building 1 at Waterfront Corporate Center, a 1.5 million-square-foot complex owned by New York City-based SJP Properties. Harrison Russell of Newmark represented the tenant in the lease negotiations.

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FloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Four New Tenants Sign Leases at Promenade at Coconut Creek Near Fort Lauderdale

by John Nelson

COCONUT CREEK, FLA. — Four new tenants have signed leases at Promenade at Coconut Creek, a shopping center located in Coconut Creek, approximately 15 miles north of downtown Fort Lauderdale. Fragrance store Orientica is now open at the property, within a 1,045-square-foot space. Karma Bath & Body Co. is scheduled to open a 1,868-square-foot store later this month, and My Phone Lab and Happy Monkey will occupy 1,801 and 1,000 square feet, respectively, beginning in October. Avison Young manages and leases Promenade at Coconut Creek on behalf of the owner, Charlotte-based Hill Partners Inc.

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Leasing ActivityOfficeTexas

Newmark Negotiates 15,000 SF Office Headquarters Lease at The Farm in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Newmark has negotiated an 15,000-square-foot office headquarters lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The tenant, Fibergrate Composite Structures, a provider of composite building materials and anti-slip surfaces, will move in to the 102,000-square-foot FARMWorks One building early next year. Nathan Durham and Duane Hendley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Mac Morse, Jakey Younger and Scott Morse with Citadel Partners represented the tenant.

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