The ICSC Red River States Conference and Deal Making will be held from January 8 through 10 at the Fort Worth Convention Center, and Daniel Herrold, senior director at Stan Johnson Company, offers net-lease trends.
The firm, currently headquartered at 2905 Northwest Blvd in Plymouth, MN, states that it will begin renovating the Crest Ridge building in early 2020. Its preliminary plan calls for Dominium to occupy approximately half of the 120,000 square foot building.
The properties sold include retail stores, a distribution facility and office space. Bed Bath & Beyond will continue to occupy these properties pursuant to long-term leases.
The sporting goods retailer will house its logistics and distribution operations in 312,373 square feet of space at the newly built 569,147-square-foot facility, reports CBRE, which was a broker in the transaction.
Kiewit Engineering Group Inc. has leased 171,266 square feet at Energy Center I at 585 N. Dairy Ashford in Houston's Energy Corridor submarket, and the move is planned for July 2020.
Soon to be redeveloped as class-A boutique office, 464 Bailey Ave., the largest office project in the area since the 130,000-square-foot Regions Bank Building was constructed in 2016, is already 50% preleased.