FORT WORTH, TEXAS — FedEx Ground Package System has renewed its 186,577-square-foot industrial lease in Fort Worth. The space is located within Carter Distribution Center, a four-building, 1 million-square-foot complex on the city’s south side that was originally built in 2018. Thomas Eddins of Fischer & Co. represented the tenant in the lease negotiations. Matt Carthey and Thomas Grafton of Holt Lunsford Commercial represented the landlord, PGIM.
NEW YORK CITY — TickPick, an online platform for buying and selling of fee-free event tickets, has signed a 17,000-square-foot office headquarters lease at One Penn Plaza in Midtown Manhattan. Alec Kirschner of Vestian, a global brokerage firm specializing in tenant representation, represented TickPick in the lease negotiations. Vornado Realty Trust owns the building and was self-represented.
ANN ARBOR AND ROCHESTER HILLS, MICH. — SweatHouz has signed retail leases to open new locations in Ann Arbor and Rochester Hills. SweatHouz is a chain of studios that offers infrared saunas, cold plunges and other wellness services. Jason and Amy Hanley are the area developers for SweatHouz in Michigan and have signed on to open 17 locations across the state. SweatHouz currently has 50 locations open and operating across the country and another 50 in permitting or construction phases. The Ann Arbor facility will total 2,628 square feet at 3143 Ann Arbor Saline Road, and the Rochester Hills location will span 2,130 square feet at 1495 N. Rochester Road. Both will serve as outparcels to Meijer stores. The tenant group also owns six Orange Theory locations in Michigan. Norman Abro of Keystone Commercial Real Estate brokered the leases.
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Multifamily, Seniors Housing Sectors Remain Positive Real Estate Performers
By Troy Marek, Regions Real Estate Capital Markets As we embark on the second half of 2025 amidst some economic uncertainty, there are two bright spots within real estate. Both the multifamily and the seniors housing/healthcare sectors boast strong fundamentals and occupancies. RealPage data indicates 138,302 apartment units were absorbed in the first quarter, and NIC MAP data shows a seniors housing occupancy increase to 87.4 percent, or 621,000 occupied units over the same period. This suggests strong demand in both critical housing sectors, at the same time new supply is slowing. Interest Rates Drive Lending Activity Agencies Freddie Mac, Fannie Mae and HUD remain the primary loan providers supporting these two asset classes today. Unsurprisingly, interest rates heavily impact lending activity. Since the Federal Reserve decided to hold rates steady in May, sector experts have been closely watching employment and inflation data, as well as tariff impacts, as all three have the power to influence the Fed to lower rates later this year. With the Federal Reserve deciding to hold rates as-is in June, industry players will continue to keep an eye on the data. Once rates are brought down some, perhaps later this year, multifamily and seniors housing/healthcare …
NEW YORK CITY — Life Time will open a 52,000-square-foot fitness club at 10 Bryant, a 30-story office building located at 452 Fifth Ave. in Midtown Manhattan. The facility will feature a cold plunge pool and a steam room, a spa with red light therapy service, coworking and library spaces, barre and yoga studios and personal training space. JLL represented the landlord, Property & Building Corp., in the lease negotiations.
MORRISVILLE, N.C. — Liquidia Corp., a publicly traded biopharmaceutical firm specializing in therapies for those suffering from rare cardiopulmonary diseases, has signed an approximately 70,000-square-foot lease in North Carolina’s Research Triangle region. The company will occupy space at Building 1 at Pathway Triangle, a 1 million-square-foot life sciences development located at 1000 Science Drive in Morrisville, less than three miles from Raleigh-Durham International Airport and 11 miles northwest of North Carolina State University. King Street Properties, the landlord and developer of Pathway Triangle, recently broke ground on an amenity center on the campus called The Junction, which will feature meeting rooms, conference space, a fitness center and dining options. Liquidia Corp. recently received FDA approval for YUTREPIA, the company’s trademarked treprostinil inhalation powder. The locally based firm will begin operating at Pathway Triangle in 2026.
ALBERTVILLE, ALA. — Willow Capital Partners has landed anchor tenants to join Sand Mountain Marketplace, a 250,000-square-foot shopping center under construction at 10722 U.S. Route 431 in Albertville, about 47 miles south of Huntsville. The 30-acre property will be anchored by the first ground-up Target in Alabama since 2007, according to JLL’s Hugo Isom, who is handling the leasing assignment at Sand Mountain Marketplace with colleague Clint Isom. Other tenants that have signed on at the center include Academy Sports + Outdoors, Burlington and HomeGoods. There is 20,000 square feet of inline shop space available for lease, as well as three outparcels. Willow Capital Partners plans to deliver the development in spring 2027.
CARY, N.C. — Engineering and consulting firm Kimley-Horn has signed a nearly 40,000-square-foot lease at Weston I, a 212,000-square-foot office building located at 1001 Winstead Drive in Cary, a suburb of Raleigh. Tucker Shade and Ben Onderdonk of Savills represented the tenant in the lease negotiations. Brian Carr and Brad Corsmeier of CBRE represented the landlord, Accesso. Weston I is situated within the Weston Parkway master-planned business park and recently underwent a $6.5 million capital improvement program, including a new outdoor patio, tenant lounge and fitness center. Other renovations include overhauls to commons areas and the lobby.
BALTIMORE — CBRE has signed a 16,000-square-foot lease at 1001 Fleet St., a Class A office building in Baltimore’s Harbor East district. Delivered in 2000, the nine-story office building is owned by Harbor East Management Group. CBRE is relocating its Baltimore office from 100 E. Pratt St. to the eighth floor of 1001 Fleet, with occupancy to occur in January. David Fields, Jonathan Hall and Jordana Pollack represented CBRE in the lease negotiations on an internal basis. The new CBRE office is part of the commercial real estate services firm’s Workplace360 program, which has 100 locations nationwide.
CAMBRIDGE, MASS. — Fashion retailer Zara has opened a 44,000-square-foot store in CambridgeSide, an approximately 1 million-square-foot, mixed-use development located across the Charles River from Boston in Cambridge. The two-level store includes an online order pickup silo and an assisted self-checkout area. New England Development owns CambridgeSide, which originally opened as a regional mall in 1990 and recently launched a food hall.
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