AUSTIN, TEXAS — The Picklr will open a 39,642-square-foot athletic venue in northwest Austin. The Utah-based pickleball concept is taking space at The Preserve at 620, a 225,000-square-foot mixed-use property that is a redevelopment of a former Walmart Supercenter. The venue, which will be the operator’s first in Austin and fifth in Texas, is scheduled to open this fall. Will Majors and Carson Hawley of CBRE represented The Picklr in the lease negotiations. Sean Couey and Jason Steinberg of ECR represented the landlord.
NEW YORK CITY — National discount retailer Burlington has signed a retail lease renewal at Glen Oaks Shopping Center in Queens. The square footage was not disclosed. Burlington has been a tenant at the 187,650-square-foot center since 2003 and plans to upgrade its space. Ken Bryan internally represented Burlington in the lease negotiations. Randall Briskin represented the landlord, The Feil Organization, also on an internal basis.
FARMERS BRANCH, TEXAS — Locally based investment firm Bleecker Partners has welcomed three new tenants to Northway Plaza, a 131,149-square-foot industrial flex complex located in the northern Dallas metro of Farmers Branch. The deals with engineering firm Lina T. Ramey & Associates (8,400 square feet), High Five Ventures LLC (3,570 square feet) and Northstar Mobile Inc. (2,972 square feet) bring the property to nearly full occupancy. Jason Finch and Justin Greenwood of Bradford Commercial Real Estate Services represented Bleecker Partners in the lease negotiations. Ethan Denton of Lee & Associates represented Lina T. Ramey & Associates.
FARMERS BRANCH, TEXAS — Rogue Athletics, a fitness concept that features programs for dance, tumbling, cheer and gymnastics, has signed a 25,295-square-foot lease renewal in the northern Dallas metro of Farmers Branch. Grant Rickertsen and Paul Clarkson of Citadel Partners represented Rogue Athletics, which originally took occupancy of the building at 4505 McEwen Road in 2013, in the lease negotiations. The name and representative of the landlord were not disclosed.
NORWALK, CONN. — Wegmans Food Markets will open a 92,000-square-foot store at 675 Connecticut Ave. in Norwalk, located in southern coastal Connecticut. The regional grocer expects to employ about 500 people at the store at full operation. The location will be the first in Connecticut for Wegmans, which operates a total of 111 stores along the East Coast, and is scheduled to open next summer.
HIGHLAND PARK, ILL. — DINX Social Club has leased space to open its first location at 1931 Skokie Valley Road in the Chicago suburb of Highland Park. The 23,000-square-foot venue is slated to open this winter. DINX will offer six regulation-sized pickleball courts, three Trackman iO golf simulator lounges, a multi-tap self-serve pour wall from Pour My Beer, café food offerings from Hometown Coffee & Juice, dining and social lounges, a VIP room, member locker rooms and a pro shop. Chris Bobowski of Cushman & Wakefield represented DINX in the lease.
HOUSTON — Prenuvo, a provider of whole-body MRI imaging services, has signed a healthcare lease in Houston’s River Oaks area. The company is taking space within a six-story, 52,342-square-foot building at 3720 Westheimer Road, which is also home to beauty clinic SkinPharm, plastic surgery specialist Nuveau and Occu-Health Surgery Center. Chris Wadley and Madeline Cleary of JLL represented the locally based landlord, Ancorian, in the lease negotiations. Kevin Klink and Walker Ryan of Colliers represented Prenuvo.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 19,973-square-foot industrial lease renewal in Houston’s Spring Branch area. According to LoopNet Inc., the property at 8353-8399 Kempwood Drive was built in 1980, totals 174,337 square feet and features 24-foot clear heights. John Harris, Stephen Hazen and Jacob Summers of Oxford Partners represented the tenant, Pioneer Millworks, in the lease negotiations. Ryan Patronella represented the landlord, Prologis, on an internal basis.
MILLVILLE, N.J. — New York-based investment and development firm Irgang Group has welcomed three new tenants at Union Lake Crossing, a 393,000-square-foot shopping center in the Southern New Jersey community of Millville. Bath & Body Works, AAA South Jersey and Jersey Mike’s have signed deals for 4,400, 1,945 and 1,500 square feet, respectively. Mario Brunelli and Chelsea Reizner of R.J. Brunelli & Co. represented the landlord in all lease negotiations. Reizner and Brunelli also represented AAA South Jersey. Jarrad Coletta of Coletta Commercial represented Jersey Mike’s, and Adam Rosenfarb of MSC represented Bath & Body Works. Irgang Group acquired Union Lake Crossing, which is now more than 99 percent leased, in late 2021.
— By Erick Parulan — The Orange County industrial market, along with Los Angeles and the Inland Empire, is experiencing a general decline in leasing activity as it navigates the post-pandemic landscape. Tenant demand and leasing have significantly slowed as occupiers adopt a more cautious approach to expansion, with some occupiers deciding to downsize and consolidate their industrial footprints. Tenant occupancies continue to contract in the second quarter, with manufacturers, retailers and 3PL (third-party logistics) companies shedding unused space that may have been acquired during the pandemic frenzy, further increasing sublet availabilities. Orange County sublet availabilities surpassed 3.3 million square feet in the second quarter of 2024, raising total availabilities to 9.5 percent for the quarter. While pandemic-driven rental rates hit historic highs, they have since cooled amid softening demand. Many landlords now offer increased free rent concessions to attract new tenants. Average asking lease rates have been on the decline in Orange County over the past two quarters. They decreased by 5.2 percent from the prior quarter, reaching $1.64 per square foot in second-quarter 2024. High market rents previously deterred many occupiers, but with rents on the decline, some tenants have adopted a wait-and-see approach to see where rates …