FARMERS BRANCH, TEXAS — Multinational conglomerate Honeywell International has signed a 17,755-square-foot industrial lease in the northern Dallas metro of Farmers Branch. According to LoopNet Inc., the building at 12880 Valley Branch Lane was built in 1997, totals 75,502 square feet and features 24-foot clear heights. Nathan Denton and Adam Graham of Lee & Associates represented the landlord, GID Industrial, in the lease negotiations. Neil Schorr of Realty Insight Group represented Honeywell.
NEW YORK CITY — Advantage Capital Holdings has signed a 10,000-square-foot office lease at 1180 Avenue of the Americas in Midtown Manhattan. The 398,937-square-foot building recently underwent a value-add program. Bryan Boisi, Michael Baraldi, Harry Blair and Mark Boisi of Cushman & Wakefield represented the landlord, Northwood Investors, in the lease negotiations. Justin Myers and Dennis Someck of Lee & Associates represented the tenant, which is taking space on the 21st floor.
GENEVA, ILL. — Bullfrog International, a designer and manufacturer of a high-end line of hot tubs, has signed a 10,200-square-foot lease at Randall Square shopping center in Geneva. The lease marks the third location for Bullfrog in the Chicago market in the last few months. Rick Scardino, Michael Petrik and Sean Bishop of Lee & Associates represented the tenant. Branden Reedy and Jimmy Danaher of CBRE represented the landlord, an entity doing business as In Retail Fund Randall Square LLC. The shopping center totals 250,000 square feet and is located near Randall Road and Fabyan Parkway.
BELGRADE, MONT. — Lee & Associates – LA North/Ventura has brokered the sale of a distribution center located at 201 Frank Ave. in Belgrade, a suburb of Bozeman. California Gateway, a private family entity, acquired the asset from an undisclosed seller for $47.7 million. The 200,000-square-foot facility is a build-to-suit for FedEx Ground. Hunter Warner and Brett Warner of Lee & Associates – LA North/Ventura handled the transaction.
HOFFMAN ESTATES, ILL. — Lee & Associates has negotiated the $4.1 million sale of a 6.5-acre development site located at the southwest corner of Route 59 and Hoffman Boulevard in the Chicago suburb of Hoffman Estates. Rick Scardino of Lee & Associates represented the seller, Prairie Pointe Commercial (c/o Conor Commercial). Jacob Dell and Gary Fazio of CBRE represented the buyer, Advocate Health and Hospitals Corp. According to Scardino, Advocate Health plans to build a 36,000-square-foot outpatient center at an estimated cost of $34 million, inclusive of land costs.
MCKINNEY, TEXAS — Lee & Associates has negotiated a 171,398-square-foot industrial lease in the northern Dallas suburb of McKinney. The tenant, farm equipment and accessories provider Pegasus Industries, will occupy the entirety of Building 4 within McKinney Trade Center, which is currently under construction. Ken Wesson and Adam Graham of Lee & Associates represented the landlord, Chicago-based ML Realty Partners, in the lease negotiations. Brett Lewis, also with Lee & Associates, represented the tenant.
ELMHURST AND ADDISON, ILL. — Lee & Associates has negotiated two industrial leases totaling 67,244 square feet in DuPage County. Woodland Group, a privately owned logistics, e-commerce and supply chain management company, signed a 38,475-square-foot lease renewal at 325 W. Lake St. in Elmhurst. Kenneth Franzese and John Cassidy of Lee & Associates of Illinois represented the tenant, while Tom Maher of Hamilton Partners represented the landlord. Bauderer Packaging signed a 28,769-square-foot lease at 775 Belden Ave. in Addison. The 200,907-square-foot property is now fully occupied. Jeff Janda and Michael Plumb of Lee & Associates of Illinois represented the landlord, Link Logistics. Rick Morris of Cresa represented the tenant.
DALLAS — Lee & Associates has negotiated a 28,562-square-foot industrial lease in northwest Dallas. The building at 10701 N. Stemmons Freeway totals 83,370 square feet. Adam Graham and Ken Wesson of Lee & Associates represented the landlord, Mississippi-based EastGroup Properties, in the lease negotiations. The tenant was Baker Distributing Co. No other third-party brokers were involved in the deal.
UNIVERSITY PARK, ILL. — Alive Telecom has signed a 74,978-square-foot industrial lease at 500 Crossing Drive in the Chicago suburb of University Park. The 150,000-square-foot building, constructed in 2006, is now fully leased. Brian Vanosky, Michael O’Leary and Dylan Maher of Lee & Associates represented the landlord, Mapletree. Jeff Galante of Lee & Associates represented the tenant, which is a global supplier of equipment, systems and services for the communications market.
INGLEWOOD, CALIF. — Lee & Associates has arranged the sale of the Wingate by Wyndham Hotel located at 10300 La Cienega Blvd. in Inglewood, near Los Angeles International Airport. A family trust, which owned the hotel for 23 years, sold the asset to Irvine-based Greens Inc. for $23.7 million, or $159,932 per room. Although the number of rooms was not disclosed, the price per key equates to approximately 148 guest rooms. Matt Orville, Marshal Vogt and Jaimeson Hearne of Lee & Associates Orange, along with a referral from Vanessa Herzog of Lee & Associates Pacific Northwest, represented the seller in the deal.