The latest issue of Commercial Executive Magazine features large commercial real estate activity in the East Valley, in which Managing Director John Pierson and Vice President Keith Lammersen summarize significant tenant representation transactions managed by the JLL Phoenix office.
Soilworks World HQ Lease at Riverwalk Arizona
Soilworks, a leading dust control and soil stabilization firm that operated in Chandler, signed a lease in early 2015 at Riverwalk Arizona, a $400 million, Class A corporate campus. The new lease established the company’s world headquarters needed to meet the company’s growth.
Hanjin Shipping at Portico Place II
In June, JLL negotiated a 48,173 square foot lease at Portico Place II located in Chandler. Hanjin Shipping was the first tenant to sign at the “first speculative, multi-tenant office building of its size to be developed in the Valley in nearly six years.”
Silicon Valley Bank at Hayden Ferry Lakeside I
Silicon Valley Bank (SVB), a company that entered the East Valley market in 2013 with a 49,374 square foot lease and expanded that same year by an additional 25,579 square feet, has expanded again. JLL recently completed two additional leases for SVB at its home, Hayden Ferry Lakeside I, totaling 51,158 square feet for the company’s IT and operations teams.
Shutterfly, Northern Trust and more at Discovery Business Campus
Major national and international companies have been attracted to Discover Business Campus, a 136-acre modern business park. Shutterfly was one of the first tenants to sign at the project with a 237,000 square foot commitment while Northern Trust has been the latest tenant to be welcomed into the project.