Jones Lang LaSalle Archives

Tower Capital arranges $13M acquisition loan for Clift Building

Clift Building

Phoenix based structured finance firm, Tower Capital, recently arranged a $13,000,000 acquisition loan on behalf of Salt Lake City-based private investment group to acquire the historic Clift Building located in downtown Salt Lake City. The 105,000 square foot multi-tenant office building consists of nine floors and features a 5,500 square foot theater that is currently… Read More →

Ace Vending purchases $3.6M building in Gilbert

by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield has announced that Ace Vending has purchased an industrial building at 335 S. Hamilton Court in Gilbert, AZ, for $3.6 million. Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield represented Ace Vending in the acquisition. Steve Larsen of Jones Lang LaSalle represented the seller, Arizona-based Bell Holdings… Read More →

96,000 SF Chandler manufacturing facility closes for $5.88M

6615 W. Boston St

A 96,000 SF manufacturing building at 6615 W. Boston St. in Chandler sold for $5,875,000 or $61.20 per SF. Lee & Associates Principal Matt McDougall represented the buyer, Evergreen Industrial Properties, LLC of Oakland, CA. The seller was Schneider-Chandler, LLC of Phoenix and was represented by Jones Lang LaSalle. The 1978-built building on 5.24 acres and has I-2… Read More →

Opportunity for high-tech firms spills into Phoenix’s suburban markets


As goes the high-tech industry, so goes opportunity. Once a high-tech company anchors a neighborhood, housing prices rise, new amenities spring up and unemployment dips. JLL’s latest High-Technology Office Outlook reveals where high-tech companies are looking for (and finding) reasonably priced labor and real estate, and how new and unexpected markets like suburban Phoenix are… Read More →

Lockheed Martin signs lease in Goodyear

by in Aerospace | AZRE Magazine | Brokerage | Featured

Lockheed Martin, a publicly traded aerospace and defense company, announced on Monday, Aug. 11 that it has signed a two-year lease for 31,540 square-feet of office space in Buildings 12 and 13 at 1300 S. Litchfield Road in Goodyear. Jones Lang LaSalle acted as Lockheed’s broker in the transaction. The landlord, Reliance Management, is pleased… Read More →

Palisades Private Capital Fund acquires Chandler Corporate Center

ChandlerCorpCenter, WEB

Palisades Private Capital Fund 1, a $50-million Fund created by Palisades Mexico Partners (PMP), has acquired Chandler Corporate Center, a two-story, 67,561-square-foot Class A office asset in Chandler, Ariz., for $13.9 million. PMP is a joint venture of Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors, LLC, an investment management and… Read More →

Trade show company signs 7-year lease

Microsoft Word - 4802 W Van Buren-DCT.docx
by in AZRE Magazine | Brokerage

Conference Services International (CSI), a national trade show and exposition contractor, signed a 7-year lease for 75,660 SF at 4802 W. Van Buren St. in Phoenix. Move-in is expected on Sept. 1. Lee & Associates Arizona principals Stein Koss and Tom Louer worked diligently to secure this transaction by negotiating key concessions to bring about… Read More →

Industrial Evolution: West Valley poised for land grab

Dick's Sporting Goods distribution warehouse, Goodyear

Dick’s Sporting Goods built a 720KSF distribution center in Goodyear to service its West Coast stores. A California-based investor erected a 400KSF spec shell in Surprise’s Southwest Railplex business park. Corporate giants, Macy’s, Amazon, Sub-Zero, Marshall’s/TJ Maxx, Southwest Products and WinCo have landed or expanded their vast West Valley industrial operations within the last two… Read More →

JLL Phoenix Office Gets First Retail Broker Team

Honorable Mention: CREST Specialty School
by in Brokerage | Business News

Jones Lang LaSalle (JLL) announced Wednesday the expansion of its retail platform into Phoenix, with the addition of three brokerage specialists. Tyson Switzenberg will lead the firm’s newly formed Phoenix retail brokerage practice, along with Senior Associate John Reva and Associate Trask Switzenberg. Together they will partner with Craig Killman, JLL’s West Coast Retail Market… Read More →

Latium USA Trading Moves Into 43KSF Facility in Phoenix

Latium, CushWake
by in Brokerage | Business News

Cushman & Wakefield of Arizona, Inc. has negotiated the relocation of Latium USA Trading, Inc.’s Phoenix operations to a 43,550-square-foot facility 1640 S. 39th Ave. Latium USA, formerly Metals USA, is a manufacturer of metal building products and is based in Holbrook, N.Y. The company currently operates from a facility at 3602 W. Lincoln. Latium… Read More →

LPC Developments Bring 5,000 Jobs to West Valley

10 Lincoln, Lincoln Property Company

Just two weeks after unveiling its plans to develop a major new business park in Goodyear, Ariz., Lincoln Property Company (LPC) has announced another new business park project, 10 Lincoln. 10 Lincoln will total more than 1 MSF on 72 acres. The development consists of five buildings ranging in size from 80 KSF to 500 KSF, with anticipated… Read More →

Cassidy Turley Completes 11KSF Lease for Injured Workers Pharmacy in Phoenix

PhoenixTechCenter, Cassidy Turley
by in Brokerage

Cassidy Turley announced that it completed a 10,746 SF lease for Injured Workers Pharmacy, LLC (Methuen, MA) at Phoenix Tech Center, 5029 E. Sunrise Drive. Tyler Wilson, Mark Stratz and Scott Baumgarten with Cassidy Turley’s Office Group represented the tenant while Dave Seeger, Karsten Peterson, Mark Gustin and Matt Gandolfo of Jones Lang LaSalle represented… Read More →

Collaboration Leads to 267-Acre Goodyear AirPark Industrial Site

N:BDG201313089PresSITE13089-ST02 Work (1)

Lincoln Property Company and industrial specialists in the Phoenix office of Jones Lang LaSalle (JLL) have collaborated to attract corporate design/build projects to a major new, multi-employer business park named Goodyear AirPark in Goodyear, Ariz. The announcement comes on the heels of a joint venture formed between LPC and property owner Carefree Partners Investments. LPC will… Read More →

Local Investor Buys Main Street Lofts for $4.73M

Main St and Estrella FIN 0080
by in Business News

Capital Markets experts in the Phoenix Office of Jones Lang LaSalle have completed the $4.73 million sale of Main Street Lofts at Verrado, a Class A, urban-style, condominium-quality multifamily property located at the center of the Verrado master-planned community in Buckeye, Ariz. Jones Lang LaSalle’s Executive Vice President John Cunningham and Vice President Charles Steele… Read More →