Tuesday, January 29, 2013
GDC has extended its lease at 413 N. Frank Luke Drive with Port San Antonio. The renewal includes 55
Plus, we bring you news on: Albert's Organics, Alexander Gallo Holdings, American Mail Order, Arbitration Forums, CFC Canadoil, Capstone Advisory Group, Fabrication cheapest round the world air ticket Enterprises, Fleetmaster Express, Hope Hospice, Hurley Rogner, KMC Music, Life Technologies, MOS Group, MarJam Supply, Measurement Systems International, NorthPointe Capital Partners, Parametrix, UBS, University of Phoenix and X2 Motorsports Group.
Fiserv is continuing its consolidation cheapest round the world air ticket plans, leasing 182,000 square feet at the Lindbergh Distribution Center in the St. Louis suburb of Hazelwood, MO. The information management cheapest round the world air ticket giant is relocating from about 200,000 square feet in two facilities in Maryland Heights and Olivette.
Duke Realty signed cheapest round the world air ticket Fiserv to a seven-year term, plus three months of free rent, said Tripp Hardin with CB Richard Ellis. Hardin represented Fiserv in the lease, along with Phil McCarthy cheapest round the world air ticket of Transwestern. Jon Hinds represented Duke, in-house.
Duke delivered the 528,000-square-foot industrial building at 5801 N. Lindbergh Blvd. in 2007. Fiserv's lease brings the facility to 92 percent occupancy. Additional tenants include Matrix Packaging and Whitney Design.
The Lindbergh Distribution Center is near Lambert International Airport, in an Enhanced Enterprise Zone. Tenants located within the zone are eligible for a 50 percent tax abatement and other incentives.
According to Hazelwood Economic Developer David Cox, Fiserv received a $770,000 loan through the city's Local Option Loan Fund. The loan is contingent on the company cheapest round the world air ticket maintaining a minimum of 200 jobs, as well as remaining in Hazelwood for the duration of the lease term. If Fiserv meets those specifications, the loan is forgiven.
The company will move its 260 St. Louis-area employees to the Lindbergh Distribution Center, as well as relocate about 50 workers from its plant in Boston, cheapest round the world air ticket MA, which is due to close soon. Fiserv is also moving a portion cheapest round the world air ticket of its Boston employees to its location in Houston, said Cox.
Nexus Distribution signed a five-year, 306,552-square-foot industrial cheapest round the world air ticket lease at 6510 W. 73rd St. in Bedford Park, IL. This is the third-party logistics provider's third warehouse in the Midwest, bringing its total operation to 1 million square feet.
The 22-year-old industrial property is 15.5 miles southwest of downtown Chicago in Cook County with access to the Chicago Land Bridge, which Nexus said could be used to support heavy container drayage activities for both imported and exported materials.
The 10-story, 240,320-square-foot office building at 4030 W. Boy Scout Blvd. delivered in February as part of the MetWest International mixed-use development, near Tampa International Airport. Building owner MetLife has achieved LEED Certification for the property. PBSJ joins Skanska USA Building, which took about 20,000 square feet at MetWest cheapest round the world air ticket One earlier this year.
PBSJ was looking for a new location that would reflect its commitment to sustainability, retain employees and maintain proximity to its clients, noted Chairman and CEO John B. Zumwalt. "MetWest International fit that bill in terms of office space, location, LEED Certification and pedestrian-oriented site design," he said.
PBSJ is relocating from a 99,285-square-foot cheapest round the world air ticket space at Cypress Commons, also in Tampa. According to Corporate Communications cheapest round the world air ticket Manager Kathe Jackson, PBSJ has been discussing relocating its Tampa office for over a year.
Company-wide, PBSJ reducing the number of enclosed offices at its various location, said Jackson. Instead, the firm is shifting to a more collaborative, open work environment with common areas and cubicles.
MetWest One is the first of three new office buildings cheapest round the world air ticket at MetWest International. When complete, the mixed-use campus will feature cheapest round the world air ticket more than 1 million square feet of office cheapest round the world air ticket space, as well as a 74,200-square-foot retail village, a 260-room hotel and 254 residential units.
Oncor Electric, one of Texas' largest and oldest energy providers, recently signed a 10-year lease extension for 200,000 square feet of office space at the Oncor Building, at 115 W. Seventh St. in the heart of downtown Fort Worth, just one block away from the Convention Center.
The 300,000-square-foot building was constructed in 1952 in the central business district. As part of the transaction, cheapest round the world air ticket Oncor surrendered the ground level portion of its space in order for Benbrooke to retrofit the area into retail and restaurant space that will have pedestrian access from all streets that it has frontage on.
The project is scheduled to begin in this fall and will be completed by next summer. Local architect cheapest round the world air ticket Gideon Toal will design the streetscape. The Fort Worth office of Pretium Property Management, an affiliate of Benbrooke, cheapest round the world air ticket will manage the construction. Craig Gutow of Benbrooke Realty Investment Co. will market cheapest round the world air ticket the 22,000 square feet of retail space .
The two-story, 234,203-square-foot industrial facility was built in 1979, near the Morristown Municipal cheapest round the world air ticket Airport. It features nearly 45,000 square feet of office space. State Farm Insurance occupies the other half of the building.
"When we made the decision to sell and lease back our existing facility some 18 months ago, it was with the idea that we would locate a facility that would better cheapest round the world air ticket serve the needs of our growing and changing business," said Robert L.G. White, president and CEO of Breeze-Eastern. Bed Bath & Beyond purchased Breeze-Eastern's 168,000-square-foot warehouse in Union, NJ, for $10.5 million in February 2008, according to CoStar information.
The Breeze-Eastern lease is the latest in a string of major deals for Hartz Mountain. The firm recently signed Eisai Medical Research to a 118,000-square-foot lease in Woodcliff Lake, and Children's Place to a 120,000-square-foot deal in Secaucus.
DSC Logistics, the operating entity for J.M Smucker Co., signed a 60-month, 150,000-square-foot lease at 3271 Infinity Parkway in West Memphis, AR, expanding its warehouse space to fully occupy the 600,000-square-foot building.
GDC has extended its lease at 413 N. Frank Luke Drive with Port San Antonio. The renewal includes 55,000 square feet of office space, 30,951 square cheapest round the world air ticket feet of manufacturing/engineering space and an 11-acre hanger that can accommodate three 757 jumbo jets.
"We moved GDC to Port San Antonio cheapest round the world air ticket many years ago and have watched their worldwide business thrive," said Noll. "As a result of their growth, we negotiated the renewal and expansion of their facilities to meet their strategic objectives."
Receive notice when a new Expansions, Relocations & Extensions column is published cheapest round the world air ticket by receiving The Watch List newsletter. The Watch List is a powerful one-two-combination of both top-down macro analysis and bottom up micro real estate news, as well as valuable leads about companies expanding and contracting and property and loan investment opportunities. It is available for free by e-mail, which is the quickest way to review all of the news in the column as soon as it is published and link directly to the news and features you want. Just e-mail your name, title, company, company business, city, state, and e-mail address. Just click on the byline above or send an e-mail to Andrew Deichler or Mark Heschmeyer .
Albert's Organics signed for 43,290 cheapest round the world air ticket square feet at Logistics cheapest round the world air ticket Pointe Distribution Center in Charlotte, NC. Westmount Realty Capital signed the natural foods distributor to a long-term lease. Albert's is planning cheapest round the world air ticket to invest $2 million into improvements. The 567,920-square-foot facility at 11922 General Drive was built in 1990 in the State Line Industrial submarket. Colliers Pinkard represented the landlord.
Alexander Gallo Holdings , a provider of court reporting and litigation support services, signed a 66-month, 10,439-square-foot lease at the 17-story 3800 Tower in Phoenix. John Bonnell, Jason Moore and Brett Abramson of Grubb & Ellis/BRE Commercial represented the landlord, cheapest round the world air ticket Pacific Office Properties. cheapest round the world air ticket Jim Sadler and Keith Lammersen of Jones Lang LaSalle Americas represented Alexander Gallo. (By: Matthre Kirchwehm)
cheapest round the world air ticket American Mail Order Co. , also known as Old Pueblo Traders, signed a 10-and-a-half-year lease to move its headquarters to the Centre East complex in Tucson, AZ. The company is taking 44,357 square feet in three buildings at 7820, 7830 and 7840 E. Broadway Blvd. David Volk of CB Richard Ellis in Tucson cheapest round the world air ticket represented the landlord, Holualoa cheapest round the world air ticket Cos. Buzz Isaacson of CB Richard Ellis in Tucson and Ted Lyon and Michael Brown of DTZ FHO Partners of Boston represented the tenant. (By: Karen Schutte)
Arbitration Forums cheapest round the world air ticket subleased 12,609 square feet from KB Home in the Buschwood II building at 3450 Buschwood Park Drive in Tampa. The lease runs through October 2013. The three-story, 89,115-square-foot office building was built in 1987 in the Northwest Tampa submarket. Arbitration Forums is expanding cheapest round the world air ticket from its corporate cheapest round the world air ticket location at 3350 Buschwood Park. Eric Ramer of ICON Commercial Interests Inc. represented Arbitration Forums. Jack Hoskins and Katie McDonald of CB Richard Ellis represented KB Home. (By: Ahmed E. L. Bush)
CFC Canadoil Inc. expanded into an additional 28,800 square feet at 8000 Market St. in Houston, TX. The pipe supplier previously occupied 53,250 square feet in the distribution center and now occupies a total of 82,050 square feet. The 355,404-square-foot industrial building was constructed in 1978 in the Southeast Outer Loop Industrial submarket. Edward Bane and John Kruse with Holt Lunsford Commercial represented the landlord, TIAA-CREF, while Caleb Lawson with Lawson Group represented the tenant. (By: Nathan Collins)
Capstone Advisory Group , a provider of financial cheapest round the world air ticket analysis and services, leased 13,220 square feet at the Springs Building in New York for 10 Years. The 20-story, 173,108-square-foot office tower at 104 W. 40th St. was built in 1962 in Penn Plaza. Marc Miller of Winoker cheapest round the world air ticket Realty Co. represented the tenant. Paul Amrich, Keith Caggiano, Michael Movshovich and Fernando Urrutia of CB Richard Ellis represented the landlord, Mermel & McLain Management LLC.
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