JLL Archives

Lincoln Property signs 552,330 SF industrial lease


Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley. The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren Street in Phoenix. It will use… Read More →

JLL’s Bill Honsaker named to GPEC Board of Directors

by in AZRE Magazine | Newsmakers

JLL Managing Director Bill Honsaker is one of eight new members just named to the Greater Phoenix Economic Council’s (GPEC) 2015-2016 Board of Directors. An award-winning broker in the Phoenix office of JLL, Honsaker has 25 years of experience in the commercial real estate industry. In that time, he has served as an active GPEC Certified… Read More →

Meet Arizona’s Most Admired Companies of 2015


Each year, Az Business magazine and BestCompaniesAZ chooses 40 companies as winners of Arizona’s Most Admired Companies Awards. When developing the Most Admired Companies program, the primary goal of Az Business magazine and BestCompaniesAZ was to recognize those companies that excel in workplace culture, leadership, social responsibility, customer opinion and innovation. Here are Arizona’s Most Admired Companies of 2015: Alliance Residential Company Most… Read More →

Crowd honors Arizona’s Most Admired Companies


A crowd of more than 400 people packed the Chateau Luxe in Phoenix Thursday to honor the 40 companies who were named Arizona’s Most Admired Companies for 2015. “When developing the Most Admired Companies program, the primary goal of Az Business magazine and our partner, BestCompaniesAZ, was to recognize those companies that excel in workplace culture, social responsibility,… Read More →

Second quarter 2015 brokerage reports

National League of Cities Gathering

With the closing of the second quarter and first half of 2015, brokerages around the Valley provided their numbers and predictions for the last and next six months in various commercial sectors. Q2 OFFICE REPORTS Cushman & Wakefield CBRE C&W|PICOR Marcus & Millichap DTZ Colliers (Office) Colliers (Medical Office) JLL Q2 INDUSTRIAL REPORTS C&W|PICOR CBRE… Read More →

Portico Place II secures Hanjin Shipping as 1st tenant, tatiana53

Portico Place II, a 48,173-square-foot Class A multi-tenant office building in Chandler, Az. has secured its first tenant, Hanjin Shipping, a transportation logistics firm that will occupy 37,669 square feet. Hanjin Shipping will take up 78 percent of the building’s overall space, occupying the entire second floor and half of the first floor. Portico Place… Read More →

JLL sells $300M mixed-use business park in Phoenix

TEN Aerial

The Phoenix office of JLL has completed a land deal that assembles 215 acres at I-10 and 83rd Avenue in Phoenix for TEN – a mega $300 million mixed-use business park. When complete, the project will become the largest freeway industrial employment site in Phoenix. Irwin Pasternack serves as the property owner, architect and developer. JLL Managing Directors… Read More →

JLL closes sale on a $4.2M quiet giant


The Phoenix office of JLL has just closed the $4.225 million sale of Bell17 Industrial, a three-building, 70,517-square-foot industrial project in North Phoenix’s Deer Valley submarket. The fully leased building acquisition is the latest for the Southwest industrial property buying strategy of ViaWest Group. “At more than 11 million square feet, Deer Valley is a subtle but… Read More →

Investors drawn to success of local restaurant real estate


Phoenix loves its food, a characteristic that’s growing the local restaurant industry and building a strong investment story for restaurant real estate. This strength is evidenced by JLL’s recent $4.7 million Dos Gringos, Inc. restaurant portfolio sale, a multi-building deal spanning three active retail markets. JLL’s Tyson Switzenberg, John Reva, Trask Switzenberg and Matthew Berres completed the sale on behalf of Arizona-based… Read More →

McDowell Mountain Business Park sells for $10.5M

McDowell Mountain Business Park

The Phoenix office of JLL has just closed a $10.5M ($164.67/sf), three-building flex office portfolio sale in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10-percent vacancy rate for its class-A flex office and industrial space. “This is a niche area of the northwest Valley that appeals to tenants… Read More →

97KSF office at Crossroads of Tempe sells for $17.25M

Crossroads of Tempe

ViaWest Group has sold 96,691 SF of office space within the commercial complex, Crossroads of Tempe. Phoenix-based ViaWest Group acquired the nearly vacant office-retail property in 2011 for $4.055 and sold the retail portion shortly after for $1.3M. Four years later, after investing in the two remaining vacant, shell condition office buildings, ViaWest Group (in… Read More →

Mike Ruppert joins JLL

by in AZRE Magazine | Newsmakers

Institutional Investors’ desire to increase property values through the use of property management and agency leasing expertise has led JLL to add experienced talent to its roster. The firm today announced Mike Ruppert has joined its property management platform as Senior Managing Director, Southwest Region and property management lead for the Southwest region, including Phoenix… Read More →

Tuesday Morning Corp. signs 593KSF spec lease

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Liberty Property Trust announced that Tuesday Morning Corporation has signed a 10-year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential distribution center… Read More →

Airport I-10 announces three national tenant leases

Oblique & Renderings of Airport I-10-1

Just as Airport I-10’s 600KSF Phase I approaches completion, Wentworth Property Company/Clarion Partners and the Phoenix office of JLL have announced the signing of three major, national tenant leases that bring one of the largest speculative office projects in Phoenix history to more than 35 percent pre-leased. The new tenants at Airport I-10 include: •… Read More →