Tag Archives: Tempe

[VIDEO] 1515 Corporate Center offers a unique Tempe plug & play opportunity

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1515 Corporate Center is an approximately 16-acre site in Tempe offering ±228,000 square feet available for lease (divisible to ±100,000 square feet).

Property features include:
– Exterior renovations complete Q4 2015
– 1,470 existing cubes in place; approximate 6′ X 6′ standard workstations
– 9 furnished conference room
–… Read More

JLL’s John Pierson and Keith Lammersen summarize big East Valley tenant activity

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EastInTheWestThe 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… Read More

Q2 Phoenix Office Insight: Developers easing pressure on popular submarkets

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Speculative developments reducing impact of positive absorption gains
At least 13 development companies are capitalizing on the strong demand and limited supply of high-quality space in the Southeast Valley, delivering 557,957 square feet of new product in the first half of 2015. While the remainder of the properties currently under construction are 74.5 percent pre-leased, the properties that have been delivered year-to-date have been mostly speculative, adding over 448,000 square feet of vacant space to the market. These speculative deliveries have kept pace with the 498,123 square feet of year-to-date net absorption, resulting in a stagnant vacancy rate of 22.3 percent in both the first and second quarter of 2015.

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JLL Signs Freedom Financial to Redeveloped Tempe 10/60 Corporate Center

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Tempe 1060_4-22-15Project’s new 7:1,000 parking ratio benefits growing financial solutions firm

The Phoenix office of JLL has signed Freedom Financial Network, LLC (FFN) to lease one of two 45,000–square-foot buildings at Tempe 10/60 Corporate Center, a recently redeveloped office project in Tempe, Arizona. The lease will allow FFN to expand its neighboring Tempe operations within an efficient block of space to accommodate continued growth.

Tempe serves as a secondary office for San Mateo, California-based FFN, a company providing comprehensive financial solutions for consumers struggling with debt.… Read More

Phoenix Class A leads the way

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Phx historical net absorption2

In the years of recovery following the recession, there has been increased demand for quality, Class A office space. Often making up for losses recorded within Class B and C properties, Class A absorption has outpaced that of overall Phoenix since 2008.

Tenants have been flocking towards these newer Class A properties, driving demand… Read More

JLL’s John Cunningham featured in the Phoenix Business Journal on Phoenix’s multifamily cresting pipeline

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2014-John-CunninghamThe Phoenix Business Journal featured JLL Phoenix’s John Cunningham in their article ‘Apartment development wave may have crested.’

John Cunningham, Executive Vice President, Multifamily, was interviewed on the current downturn in the post-recession multifamily market. He was featured sharing his thoughts on how Phoenix is viewed as a value market where landlord and investors can buy more for… Read More

Demand for density meets demolition strategy at Tempe 10/60 Corporate Center

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Tempe-JLL-WEBJLL was recently selected to market a 90,000-square-foot office project in Tempe, where the demand for high density space spurred demolition of a portion of the complex in exchange for a higher parking ratio. Greenlaw Partners and The Broe Group signaled their approval of the strategy with their purchase of the project last week for $3.5… Read More

As Phoenix suburban office markets recover, skyline poised to follow

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2014 Phoenix Skyline Report now available

Skyline“Game on” seems to be the sentiment of Phoenix office tenants as they continue to bounce back from the recession, albeit with smaller work spaces that must achieve greater efficiencies with a reduced footprint. Suburban office markets—primarily in Tempe, Chandler and the Camelback Corridor—that are close to employees and offer… Read More

Price Road Corridor is Hot

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NOTE: The following article featuring Dave Seeger, JLL’s Managing Director – Office, originally appeared on GlobeSt.com.

Seeger_GlobeStThe Price Road Corridor is one of the hottest commercial sectors in the Valley Metro area. And with the area 50% built out, a tipping point is not in sight. With the sector employing more than 35,000 people and expectations for 75,000, the sector is also a contributing factor to… Read More

Chart of the Week: Phoenix industrial footprint

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COW_Phoenix_March 10

Click here for more market insight on our Phoenix research group web page: Phoenix – Research

Tweet this: Find out which #Phoenix industrial submarkets are the largest in #JLL‘s #ChartoftheWeek http://bit.ly/1fWpiJE

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