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Tenants & leasing news – page 40
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Saks Global’s Fire Sale Might Help It Out of Bankruptcy — But Kill the BusinessIt wasn’t supposed to go like this. When Saks Fifth Avenue agreed in July 2024 to buy Neiman Marcus for $2.65 billion to create Saks Global, a new $7 billion luxury retail behemoth, the conventional thinking was that senior executives at the two firms — once enemies, now family…
Verdantas Consolidates Three NJ Offices with Bridgewater LeaseAvison Young represented Verdantas, an integrated environmental science, engineering and consulting firm, in a 10,500-square-foot lease at 1044 Rte. 22 in Bridgewater, NJ. The lease covers a partial first-floor space at the Class A office property.
SakeBrooklyn to Open 7K-SF Brewery at Property Markets Group’s Society BrooklynA sake brewery and taproom is coming to Gowanus’ Society Brooklyn development. SakeBrooklyn has leased 6,500 square feet at 500 Degraw Street along the Gowanus Canal.
NYC Employee Retirement System Renews 35K SF at The Factory in LICNew York City’s Employee Retirement System (NYCRS) is keeping its office space in Long Island City, Queens. The pension provider renewed its 35,000-square-foot lease at The Factory office complex, Commercial Observer has learned.
Baker McKenzie Expands to 122K SF at 10 Bryant ParkProperty & Building Corporation Ltd. (PBC) has completed a 121,833-squar- foot renewal and expansion lease with global law firm Baker McKenzie at 10 Bryant, a Class A Midtown office tower at 452 Fifth Ave.
$1B Fisk Upgrade Includes On-Campus Data CenterFisk University unveiled “Quantum Leap,” the most robust campus master plan in its 160-year history, Quantum Leap brings an estimated $1 billion project to North Nashville over the next decade.
Representative imageRemedi SeniorCare Signs 10,248 SF Lease Renewal at Flex Building in PlanoPLANO, TEXAS — Remedi SeniorCare of Dallas has signed a 10,248-square-foot lease renewal at 2600 Research Drive, a flex building in Plano.
Representative imageFour Retailers Open at 1.1 MSF Rosedale Center in MinnesotaROSEVILLE, MINN. — In April, Swavorski opened a 1,051-square-foot store and PacSun opened its newly remodeled 3,995-square-foot store at Rosedale Center, a 1.1 million-square-foot shopping mall in Roseville within metro Twin Cities.
Two New Tenants Ink Leases Totaling 10,700 SF at Medical Outpatient Building in Lindenhurst, IllinoisLINDENHURST, ILL. — Action Behavior Centers Therapy and Smile Partners have inked leases totaling 10,700 square feet at 1025 Red Oak Lane in Lindenhurst, a far north suburb of Chicago. Davis owns the Class A medical outpatient building.
Tavros Signs Chelsea Piers Fitness to Mixed-Use Lower Manhattan DevelopmentTavros, a privately-owned real estate investment management and development firm, today announced the signing of a long-term lease agreement with Chelsea Piers Fitness at the planned mixed-use tower at 250 Water St. in Lower Manhattan.
Chelsea Piers Fitness Pre-Leases 76K SF at Tavros’ 250 Water StreetThe developers of a mixed-use project in Manhattan’s Seaport District have signed a luxury fitness brand as an anchor retail tenant.
Tech Services Firm Audible Difference Takes 47K SF at Brooklyn Army TerminalThe city-owned Brooklyn Army Terminal (BAT) in Sunset Park has racked up more than 58,000 square feet of new leases, including a major deal for audiovisual firm Audible Difference.
VC Firm, Ad Agency Lease Two Floors at Greystone’s 75 Spring StreetVenture capital firm Deviation Capital and global ad agency Untold Studios have absorbed 13,246 square feet on two full floors of Greystone Management’s 75 Spring Street in Manhattan’s SoHo neighborhood, Commercial Observer has learned.
Avison Young Hires Christian Stanton, Libby Hodes to Lead NYC Retail LeasingAvison Young has made two new hires to help lead the brokerage’s retail leasing advisory services in New York City, the firm announced Thursday.
Representative imageTishman Speyer Lands 163 KSF Chicago Lease ExtensionA law firm will continue to occupy five floors at this riverfront tower. The post Tishman Speyer Lands 163 KSF Chicago Lease Extension appeared first on Commercial Property Executive.
Seven New Tenants to Open at Verrado Marketplace Shopping Center in Metro PhoenixBUCKEYE, ARIZ. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix.
Vedder Signs 163,000 SF Headquarters Lease Extension in Downtown ChicagoCHICAGO — Vedder has signed a 163,000-square-foot headquarters lease extension at 222 N. LaSalle Street, a 26-story office building in downtown Chicago. Vedder signed a 12-year extension to maintain its global headquarters at the building through 2041.
Representative imageBoston Andes Secures 95 KSF LeaseA nonprofit organization tenant brings the property to full occupancy. The post Boston Andes Secures 95 KSF Lease appeared first on Commercial Property Executive.
Big Shift In Retail Space As Institutional Capital Moves Into LaundromatsWhy Institutional Capital Is Moving Into Laundromats – and What This Means for Retail Landlords There are more than 35,000 laundromats in the United States, nearly all of them leasing space in strip malls, neighborhood shopping centers, and mixed-use retail corridors.
Lendlease Opens Two-Building Habitat Apartment and Office ComplexLendlease and joint venture partner Aware Super announced the opening of Habitat in Los Angeles along with welcoming the building’s first residents. The two-building live-work-thrive campus features luxury apartments, creative offices and restaurant-ready retail space.