Anatomy of a Lease

Launch Entertainment, a trampoline-based indoor family fun entertainment concept, signed an NNN lease for space in the rear portion of a neighborhood center. The unit formerly housed an H Mart but became available after the grocer relocated to a different spot in the front portion of the retail center. The interior of the unit appealed More

Vega Vitality, a Massachusetts-based medical spa/wellness center focused on anti-aging and longevity services, is set to open by this winter in the Fenton, the 92-acre mixed-use development in Cary that debuted its first phase in mid-2022. This will be Vega Vitality’s first location in a new state, as its two other practices are in Boston. More

Krak Boba signed an NNN lease for space in the upcoming 42-acre mixed-use development called Origin that is still under construction in Superior, a suburb about 17 miles northwest of Denver and eight miles southeast of Boulder. This will be the first location in Colorado for the brand and the opening date is expected to More

MOM’s Organic Market, a Maryland-based grocery chain, signed a NNN lease for an inline unit in a neighborhood shopping center in Severna Park, a suburb about 10 miles north of Annapolis and 20 miles south of Baltimore. The MOM’s real estate team was attracted to the area’s rapidly increasing population and felt that the community was underserved in the natural foods-oriented grocery segment. MOM’s expects to open by late 2024/early 2025 in the former JOANN Fabric and Crafts space. More

Nordstrom Rack signed an NNN lease for a 25,000-s.f. portion of a former 36,000-s.f. Bed Bath & Beyond inline unit that closed in early 2023. Tenancy for the remaining 11,000 s.f. has not been finalized yet. The power center space appealed to Nordstrom Rack as it is located on a major retail corridor in the More

Nothing Bundt Cakes, which serves handcrafted cakes, has signed a long-term NNN lease for an inline space in the Aldrich Plaza community shopping center. The unit had previously been occupied by Howell Academy of Dance, a local dance studio, which moved to a larger space across the street. Other nationally known tenants in the center More

Full Metal Burgers, a heavy metal music-themed burger venue with two locations in northern San Diego, signed an NNN lease to open in a ground-floor space within an 11-story, 397-unit mixed-use luxury apartment building that is still under construction. The building, called Mica RiNo, is in Denver’s River North Art District, a former industrial warehouse section of the city that continues to undergo revitalization and now features bars, restaurants and art galleries. The restaurant expects to open by the fall. More

Saint Laurent, the high-end French apparel and accessories retailer, signed a lease for space in a corner building on NYC’s Gansevoort Street, occupying the lower, street-level and second floor of the mixed-use building. The retailer has two other locations in NYC and intends to make this store its flagship unit. This location will act as an anchor for the other luxury tenants in the trendy shopping neighborhood. The store expects to be open by Q2 or Q3 of 2024. More