REBusinessOnline

TaskUs Signs 80,000 SF Office Lease Renewal, Expansion Near San Antonio

NEW BRAUNFELS, TEXAS — TaskUs, a provider of digital technology solutions, has signed a lease renewal and expansion to occupy more than 80,000 square feet of office space at Heritage Plaza in the San Antonio suburb of New Braunfels. Wills Bauer and Randy Cooper of Stream Realty Partners represented TaskUs in the lease negotiations. Shawn Gulley represented the landlord, Worth & Associates, on an internal basis. TaskUs will modify its space to include a gaming lounge, meditation room and a …

Lee & Associates Negotiates 123,269 SF Industrial Lease in The Colony, Texas

THE COLONY, TEXAS — Lee & Associates has negotiated a 123,269-square-foot industrial lease at 2001 Midway Road in the northern Dallas suburb of The Colony. According to LoopNet Inc., the property features a rear-load configuration and 168 car parking spaces. Johnny Anderson, Adam Graham and Mark Graybill of Lee & Associates represented the landlord, First Industrial Texas, in the lease negotiations. The name and representative of the tenant were not

Lee & Associates Brokers Sales of Two Industrial Buildings Totaling 78,248 SF in Batavia, Illinois

BATAVIA, ILL. — Lee & Associates of Illinois has brokered the sales of two industrial buildings totaling 78,248 square feet in the Chicago suburb of Batavia. The sales prices were undisclosed. In the first transaction, a 58,286-square-foot facility at 400-500 N. Raddant Road sold to MJM Intergalactic Properties. Michael Androwich Jr. of Lee & Associates represented the seller, Clark Tile. Mike Antonelli of Brown Commercial represented the buyer. In the second transaction, a …

Lee & Associates Opens New Office in Northern New Jersey

WHIPPANY, N.J.  — Lee & Associates New Jersey has opened a new 3,361-square-foot office at 110 S. Jefferson Road in Whippany, located in Morris County. The team is subleasing a newly built-out space and relocating from a smaller Cedar Knolls location to accommodate its growing brokerage team. Suzanne Kiall of Lee & Associates and Roger Cantor of Cornerstone Real Estate negotiated the terms of the sublease. The full-service real estate firm has three offices in New Jersey including …

Lee & Associates Brokers Sale of Multifamily Development Site in Middleton, Wisconsin

MIDDLETON, WIS. — Lee & Associates has brokered the sale of a one-acre site at 2644 Branch St. in Middleton, just northwest of Madison. The sales price and seller were undisclosed. John Walsh of Lee & Associates represented the buyer, Branch Street Properties LLC. The buyer plans to build a luxury apartment building rising three stories with 36

Lee & Associates Negotiates 174,932 SF Industrial Lease Renewal in South Dallas

DALLAS — Lee & Associates has negotiated a 174,932-square-foot industrial lease renewal at 4100 Platinum Way in South Dallas. Nathan Denton of Lee & Associates and Brett Owens of Transwestern represented the landlord, Platinum Way Holdings, in the lease negotiations. Additional terms of the transaction were not

Growing Southern California Industrial Demand Creates Shifts in Strategy, Outlook

Industrial real estate in Southern California has become what one might conservatively call a “fast-paced atmosphere.” The presence of multiple offers, sellers pushing up values and buyers continuing to chase deals have made for constantly increasing values and activity. Christopher J. Destino, SIOR, principal at Lee & Associates, spoke to REBusinessOnline about making strategic decisions in this unusual environment. REBusiness: What is the forecast for demand in industrial properties …

Lee & Associates Negotiates 486,812 SF Industrial Lease in Burlington, New Jersey

BURLINGTON, N.J. — Lee & Associates has negotiated a 486,812-square-foot industrial lease at 1950 River Road in Burlington. The property sits on 43 acres and features a clear height of 36 feet, 86 external loading docks and parking for 264 vehicles and 103 trailers. Tony Rod, Brian Knowles, Patrick Lafferty II and Andrew Landolfi of Lee & Associates represented the landlord, Boston-based TA Realty, in the negotiations for the full-building lease. Scott Mertz of NAI Mertz represented …

California’s Population Exodus Arrives in Idaho

There has been much anecdotal discussion lately of Californians fleeing high-cost, high-density, high-traffic living for greener pastures, especially as COVID-19 made working from home a possibility for California’s high-tech workforce. This trend is not just a rumor for the residents of Idaho. Idaho is the second-fastest growing state in the nation[1], and Californians make up nearly 46 percent[2] of a new population influx that the state has experienced over the past five years.What is …

Lee & Associates Negotiates 45,112 SF Industrial Lease in Elgin, Illinois

ELGIN, ILL. — Lee & Associates has negotiated a 45,112-square-foot industrial lease at 1755 Britannia Drive in Elgin. Kenneth Franzese and John Cassidy of Lee & Associates represented the owner, Scannell Properties. Steve Bass of NAI Hiffman represented the tenant, Hardinge Inc., which is a provider of advanced metal-cutting solutions. The 80,491-square-foot, newly constructed building features a clear height of 32 feet. There are 35,379 square feet remaining available for

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