Tuesday, July 15, 2025
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Leasing Activity

20-Rockefeller-Plaza
Leasing ActivityNew YorkNortheastOffice

Christie’s Extends 400,000 SF Office Lease at Rockefeller Center in Manhattan

by Taylor Williams

NEW YORK CITY — Christie’s has extended its 400,000-square-foot office lease at Rockefeller Center in Manhattan for another 25 years. The art auctioning and appraisal company has been a tenant at the 100-year-old complex since 1997, and its footprint has comprised salerooms, public galleries, warehouses and office space. Mary Ann Tighe, Ramneek Rikhy, Cara Chayet and Courtney Hughson of CBRE, along with Jen Yashar and Danielle Frank of Fried Frank, represented Christie’s in the lease negotiations. EB Kelly represented the landlord, Tishman Speyer, on an internal basis.

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IndustrialLeasing ActivityNew JerseyNortheast

Vision Wheel Signs 32,456 SF Industrial Lease in Flemington, New Jersey

by Taylor Williams

FLEMINGTON, N.J. — Vision Wheel Inc. has signed a 32,456-square-foot industrial lease in Flemington, about 60 miles southwest of Manhattan. The supplier and distributor of custom wheels and tires is taking space at Flemington Junction Business Center, a four-building development. Jason Fisch of Greek Real Estate Partners represented Vision Wheel in the lease negotiations. Rob Marek represented the landlord, locally based investment firm Larken Associates, on an internal basis. The deal brings the property to full occupancy.

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Leasing ActivityMichiganMidwestOffice

Crescent College and Career Preparatory Academy Leases 66,000 SF Office Building in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — Crescent College and Career Preparatory Academy, a charter school network, has leased a 66,000-square-foot office building at 26200 Lahser Road in Southfield. The three-story property is known as Lahser Center II. According to a release, the move will enable Crescent to expand and modernize its middle and high school programs. Jake Cinti, Stephen Powers and Lindsay Ornstein of OPEN Impact Real Estate, along with Charles Howard of Transwestern, represented the tenant. Matthew Schiffman of PA Commercial represented the landlord, Lahser Southfield LLC, doing business as Foster Financial Co. Inc. The tenant will relocate from its current location at 26555 Franklin Road in Southfield, where it has been leasing space from the Christian Tabernacle Church since 2017.

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Leasing ActivityNew JerseyNortheastRetail

Three New Tenants Sign Leases at Cherry Hill Mall in Southern New Jersey

by Taylor Williams

CHERRY HILL, N.J. — Three new tenants have signed leases at Cherry Hill Mall, a 1.4 million-square-foot shopping center located in the greater Philadelphia area. Lacoste and Columbia Sportswear are scheduled to open at the property later this year, with Mango anticipated to open in summer 2025. PREIT owns and manages the center. Other tenants opening soon at the property include Alo Yoga, Kendra Scott, Dry Goods, Rowan, Signature Workspace, Kooma Asian Fusion and Sushi Bar and Inspiration Co.

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AcquisitionsLeasing ActivityRetailSoutheastTennessee

RealSource Negotiates Sale-Leaseback of 34,000 SF Retail Property in Metro Memphis Leased to LA Fitness

by John Nelson

COLLIERVILLE, TENN. — RealSource Group has negotiated the sale-leaseback of a 34,000-square-foot single-tenant retail property located at 1088 W. Poplar Ave. in Collierville, roughly 30 miles southeast of Memphis. LA Fitness occupies the property, which was built in 2019. Ted Slaughter and Jonathan Schiffer of RealSource, in association with Scott Reid of ParaSell Inc., represented the seller, Fitness International (the parent company of LA Fitness), in the transaction. A private investor acquired the property for an undisclosed price. LA Fitness will continue to occupy the building, which is situated near the 1 million-square-foot FedEx World Tech Center and 900,000-square-foot Carrier facility, on a 15-year net lease. Chipotle Mexican Grill and Chick-fil-A occupy outparcels near the property.  

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Leasing ActivityOfficeTexas

Aimbridge Hospitality Extends 248,861 SF Office Lease in Plano

by Taylor Williams

PLANO, TEXAS — Aimbridge Hospitality has extended its 248,861-square-foot office lease in Plano. The third-party hotel management firm will remain the sole occupant of HQ53, a four-story building that was developed by locally based firm Cawley Partners, for the next five years. Drawbridge Realty is the current owner of HQ53, having purchased the property from Cawley Partners in mid-2022. No third-party brokers were involved in the lease negotiations. Aimbridge first committed to being the anchor tenant at HQ53 in March 2019 via a 75,000-square-foot lease that was subsequently expanded upon.

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Leasing ActivityNew JerseyNortheastOffice

Day Pitney LLP Signs 56,000 SF Office Lease in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Day Pitney LLP has signed a 56,000-square-foot office lease in the Northern New Jersey community of Parsippany. The law firm is relocating from the nearby building at 1 Jefferson Road to the entire second and third floors of 8 Sylvan Way, a 176,062-square-foot building that was originally constructed in 2009 to house the operations of pharmaceutical corporation Novartis. Tim Greiner, David Stifelman and Noah Stewart of JLL represented the landlord, Orion Office REIT, in the lease negotiations. Greiner also represented the tenant along with JLL’s Mike Pietrowicz, Dan Loughlin, Kimberly Smith, Brendan McBride and Jonathan Ortiz.

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Leasing ActivityLife SciencesNortheastPennsylvania

Frontage Laboratories Inks 46,300 SF Life Sciences Lease Expansion in Exton, Pennsylvania

by Taylor Williams

EXTON, PA. — Locally based pharmaceutical development company Frontage Laboratories has inked a 46,300-square-foot life sciences lease expansion in Exton, a western suburb of Philadelphia. Frontage Labs joins Switzerland-based Fruh Packaging to bring occupancy of the new, 113,000-square-foot building at 240 Sierra Drive to 100 percent. Frontage’s total footprint in Exton now spans about 200,000 square feet, and the expansion is expected to create about 100 new employment opportunities. No third-party brokers were involved in the lease negotiations.

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IllinoisLeasing ActivityMidwestMultifamily

Lendlease Nears Lease-up of The Reed at Southbank Apartment Tower in Chicago’s South Loop

by Kristin Harlow

CHICAGO — Lendlease is nearing the lease-up of The Reed at Southbank, a 41-story apartment tower located at 234 W. Polk St. in Chicago’s South Loop. The rental units are now 95 percent occupied. Located along the Chicago River immediately south of the Loop, The Reed is the second high-rise completed in the seven-acre Southbank master plan. The property includes 226 units in a mix of studio, one-, two- and three-bedroom floor plans in addition to 214 condominiums on the upper floors. The tower’s eighth-floor amenity suite includes a 15,000-square-foot outdoor deck with a resort-style pool and cabanas, sunning lawn, fire pits, kitchens and dining areas. Additional amenities include a wet lounge adjacent to the pool deck, indoor-outdoor fitness center, show kitchen, lounge room, virtual sports simulation room, salon, massage room and media room. The Reed is immediately adjacent to Southbank Park, a two-acre green space privately developed by Lendlease as a public amenity. Designed by Hoerr Schaudt, whose plan was implemented by Confluence, the park features a central lawn, natural stone amphitheater and meandering walkways that connect to a new riverwalk. The Reed holds LEED Gold, Fitwel and Energy Star certifications. Green initiatives at the property include the use …

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HealthcareLeasing ActivityMichiganMidwest

LifeStance Health Signs 4,810 SF Medical Office Lease in Auburn Hills, Michigan

by Kristin Harlow

AUBURN HILLS, MICH. — Behavioral Health Practice Services LLC, doing business as LifeStance Health, has signed a 4,810-square-foot medical office lease at 2251 N. Squirrel Road in Auburn Hills. David McHabnay and James Mitchell of Dominion Real Estate Advisors LLC represented the landlord, Five Points Professional Office Building LLC. Brandon Carnegie and Jamee Jester of CBRE represented the tenant, which signed an 89-month lease.

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