Home Goods leases in Edmond
Home Goods signed a 21,500-square-foot lease at Edmond Crossing Shopping Center, back filling part of the former Homeland Food Store space that has been dark for a few years, according to Price Edwards & Co. The balance of the space, at 33rd and Broadway, is leased to Altitude Trampoline Park.
Home Goods joins TJ Maxx at Edmond Crossing. Price Edwards brokers Ev Ernst and Karleen Krywucki handled the transaction. Home Goods, based in Framing ham, Mass a ch setts, also has a store at 203024 th Ave. N Win Norman, and one in Tulsa. The off-price retailer, started in 1992 by TheTJX Cos ., operates 500 stores across the country.
Industrial market tightens with marijuana
Medical marijuana growers and others in the booming industry have the market for industrial property" extremely tight" and lease rates on the rise, with a vacancy rate of around 4%, according to Bob Sullivan's NAI Sullivan Group in its second-quarter industrial market report.
"We will see rates continue to increase, vacancy rates continue to fall, and there will continue to be a shortage of large industrial space,"
Sullivan reported. "The medical marijuana i ndustry has l eased or purchased a very l arge amount of i ndustrial space, although it is not being t r acked, and a great many licenses to grow the product have been issued.
"The lack of inventory for sale of true industrial space also is affecting the industrial market. Many industrial properties being offered for sale are functionally obsolete or are being offered as land sales in the transitioning Central Business District. We expect this market to continue to see great demand and we continue to see a great many cannabis growers and processors coming into Oklahoma."
Safety award winners named
The Oklahoma Municipal C o n t r a c t o r s A s s o c i a t i o n presented its Larry Penick/ Anderson Safety/ OM CA Safety Awards recently at its annual statewide convention. Recipients were:
• 5 0,000– 1 00,000 hours:
1. Brewer Construction.
• 1 00,000- 1 25,000 hours:
1. McKee Utility Contractors; 2. Nash Construction; 3. K rap ff-Reynolds Construction.
• 1 25, 000- 1 5 0,000 hours:
1. Downey Contracting.
• 1 5 0,000- 1 75, 000 hours: 1 . Cimarron Construction;
2. Schwarz Paving. • 200,000–300,000 hours:
1. Rudy Construction. • 300,000-400,000 hours:
1. T.J. Campbell Construction. • 400,000-500,000 hours:
1. Luckinbill Inc.
• 500,000- 750,000 hours:
1. Silver Star Construction. • 750,000-1,000,000 hours:
1. Manhattan Road & Bridge.