PRINCETON, N.J.--(BUSINESS WIRE)--Chambers Street Properties (“Chambers Street” or the “Company”) (NYSE:CSG), a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, today announced it has executed two industrial leases totaling 328,735 square feet and two office lease renewals totaling 187,220 square feet.
The industrial leases include a 280,577 square foot lease renewal and 10-year extension with Archway Marketing Services (“Archway”) at the Company’s 20000 S. Diamond Lake Road property located in Minneapolis, Minnesota, extending the scheduled lease expiration to January 2026. Archway is a leading provider of marketing logistics, fulfillment services and supply chain management solutions. Additionally, the Company executed a new 48,158 square foot lease term of over five years with Ernest Packaging, Inc. at its Tolleson Commerce Park II building located in Phoenix, Arizona. The building is now 100% leased.
The office renewals include an early lease renewal and five-year extension for the entire 100,924 square feet of space at the Company’s Celebration Office Center III property located in the Orlando, Florida Market. This extends the scheduled lease expiration through June 2021. The Company also signed an early lease renewal and five-year extension totaling 86,296 square feet at its Lakeside Office Center located in Dallas, Texas, extending the scheduled lease expiration to October 2023.
“To date, our leasing activity remains strong with total 2015 leasing volume at nearly 2.3 million square feet,” said Philip L. Kianka, Executive Vice President and Chief Operating Officer at Chambers Street. “Our asset management team has done an excellent job executing our tenant retention program while expanding relationships with new tenant prospects.”
About Chambers Street Properties (NYSE:CSG)
Chambers Street is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, leased to creditworthy tenants. As of June 30, 2015, Chambers Street owned or had a majority interest in 125 properties located across 19 U.S. states, France, Germany, and the United Kingdom encompassing approximately 37.2 million rentable square feet.
For additional information, please visit www.ChambersStreet.com.