Brokerage
E-Commerce Drives Largest Industrial Leases
A new report from CBRE shows that online retail is behind many of 2018’s largest distribution deals. Southern California’s Inland Empire tops the list with 14 transactions totaling 11.6 million square feet.
Winick Realty Facilitates 3 Lease Renewals at Columbus Square in Manhattan
In addition to negotiating more than 100,000 square feet of extensions for anchor tenants TJ Maxx, Home Goods and Michael’s Arts & Crafts, the firm also arranged a new contract with Higher Ground Education.
ICSC to Open New HQ in New York City
The global retail association will occupy a full floor at 1251 Avenue of the Americas, owned by Mitsui Fudosan America Inc.
CREC, Velocis Add Anchor Tenant to WPB Office Tower
Intech Investment Management will relocate its corporate headquarters to the top two floors of One Clearlake Centre, with plans to occupy the new space starting in September 2019.
Transwestern Relocates, Expands NJ Office
The company moved to Lone Star Funds’ two-building office campus in Florham Park, where it has been handling leasing and property management services.
Port Logistics Group Inks 1.5M KSF Lease Renewal in CA
NAI Partners and Savills Studley represented the logistics firm in its five-year lease extensions in an industrial hub near Los Angeles.
Coworking Operator Opens First Location in Manhattan
VillageOne signed a 4,000-square-foot lease on Broadway and will offer fully equipped creative space for freelance professionals spanning the fashion, design and photography industries.
Sammy Hagar’s Chain Opens First East Coast Restaurant
Cabo Wabo Cantina will occupy an entire 8,300-square-foot retail property on Midtown Manhattan’s Eighth Avenue corridor, which previously served as a Wahlburgers restaurant.
Overstock Inks 517 KSF Lease in Kansas City
The industrial facility provides immediate access to interstates 70 and 635 and represents the third national location for the tenant. The landlord is BH Properties.
Warner Inks Lease for New Detroit Office
The company signed a lease agreement with Olympia Development of Michigan for space within its Class A building in The District Detroit.