COMMERCIAL REAL ESTATE
JULY 23, 2020
BY BIANCA R. MONTES
The Michaels Companies moves, downsizes headquarters, ORIX USA leased new space at Trammell Crow Center, Lune Rouge Entertainment USA leases facility in Arlington, and more.
The Michaels Companies has signed a 123,740 lease at Royal Ride III in Irving—the property’s sole occupier. The new location will serve as the Fortune 1000 company’s corporate headquarters, about two miles from its current larger location at 8000 Bent Branch Drive to 3939 W. John Carpenter Freeway. JLL’s John Brownlee and Michael Williams served as the leads broker for Accesso, while Jamie Jennings of Stream Realty Partners and Damian Rivera of ESRP represented Michaels.