PHOENIX – The Phoenix office of JLL has promoted five of its brokers to senior level positions. Brett Abramson, Keith Lammersen, Jason Moore and Charles Steele have been promoted from Vice President to Senior Vice President. Andrew Medley has been promoted from Vice President to Executive Vice President.

“Each of these individuals brings a unique skill set to our team,” said Senior Managing Director Dennis Desmond. “That diversity has helped build out the full-service vision of our Phoenix office. Their expertise as brokers and their ethical commitment to our clients that will keep that vision moving forward.”

Abramson joined JLL in 2010, specializing in the representation of institutional and entrepreneurial landlords, for both existing and ground-up office developments. At JLL, he has taken an active role in the lease-up campaigns for many prominent developments including The Offices on High Street (City North), Central Arts Plaza. The Esplanade and 101 North Central. He has consistently earned recognitions as a JLL Top Achiever.

Lammersen and Moore partner in the tenant representation group at JLL, responsible for corporate office solutions, site selection, lease renewals and negotiations. Since joining JLL in 2004 and 2010, respectively, Lammersen and Moore have served companies ranging from Silicon Valley Bank and Wageworks to Coventry Healthcare, SAP and Isola. Both have been recognized as JLL Top Achievers.

Steele is a member of JLL’s Capital Markets Group, focusing on multifamily investment sales and equity procurement through the Southwestern U.S. Since joining JLL in 2012, Steele has helped direct investment sale and equity raise efforts for projects ranging from $10 to more than $100 million in value. Across his career, he has participated in more than $1.2 billion in multifamily investment activity.

Medley joined JLL in 2008 as part of the tenant representation team. Over the past eight years he has established a strong footprint in the market, assisting tenants such as Isagenix, Orcutt Winslow, Bank of America/Merrill Lynch, IHC, 360 Cloud Solutions and Northern Trust in facility and site acquisition, strategic consulting and lease review and negotiations. He has earned JLL Top Gun status (top 10 percent of all JLL brokers) for the past two years.

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Tempe, Arizona space among 300,000 SF of new leases in nine cities

PHOENIX, AZ — JLL today announced last week it has represented cloud-based platform solutions provider Endurance International Group (NASDAQ: EIGI) in leases totalling 300,000 square feet of commercial office space. The space is leased across nine cities around the world and includes 67,000- square-feet of office space (an entire second floor) within Papago Buttes Corporate Plaza, located at 1500 N Priest Drive in Tempe, Arizona. It also includes 38,000-square-feet of first class office space at Endurance’s corporate headquarters at 10 Corporate Drive in Burlington, Massachusetts.

Managing Director John Pierson and Vice President Keith Lammersen from the JLL Phoenix office represented Endurance in their Arizona lease. JLL’s Matt Daniels represented Endurance in all transactions worldwide, supported by Managing Director Brendan Callahan, Managing Director Brian Connolly, Vice President Brian Knies, and Associate DJ Goldberg.

“This is just the latest internet-based entity making a long-term commitment to Phoenix, thanks in large part to our exceptional workforce, creative office spaces and dynamic submarkets,” said Pierson. “Endurance’s Tempe location is a nice example of the creative, quality of life features that today’s high-tech businesses are looking for. Some of the project’s amenities include adjacency to a Phoenix Metro Light Rail stop, an on-site day care center, fitness facility, café and large multipurpose break room.”

“JLL is proud to be Endurance’s strategic partner during this exciting time of growth for the company,” said JLL’s Daniels. “We pride ourselves on understanding our client’s business and how the right real estate investments can help further their growth. For a high performing technology company like Endurance, we placed a priority on ensuring that the spaces they leased were efficient, high functioning and collaborative to support their corporate culture. We look forward to working together as the company continues to grow its global footprint.”

“We are pleased to have had such a strong partnership with JLL over the years,” said Endurance Chief People Officer Kathy Andreasen. “JLL is great at providing Endurance with excellent research and information on the markets and real estate issues that matter most to us. We look forward to working together as Endurance expands it presence in the United States and abroad.”

Endurance is a leading provider of cloud-based platform solutions for small and medium-sized businesses. It is the latest in a string of high-tech companies that, in the last 12 months, have relocated or expanded their presence in metro Phoenix. Among these are YELP, OutboundEngine, Weebly, Zenefits and ZocDoc.

The following leases were reported for the Phoenix Lease Report September 22-26, 2014

OFFICE SPACE – 1700 N DESERT DR., TEMPE
Phoenix, Ariz. – Greenville, NC-based Regional Acceptance Corp. leased a 40,000-square-foot office at Papago Technology Center located at 1700 N. Desert Drive in Tempe, Ariz.

Bryan Taute with CBRE represented the landlord, WDP Partners of Phoenix. The tenant, a division of BB&T Bank, was represented by Jason Moore and Keith Lammersen with JLL.

“This lease is another good example of a new office user to the market being drawn to a centrally located building that allows them to easily attract new employees,” said CBRE’s Taute.

Regional Acceptance Corp. is looking to capitalize on Papago Technology Center’s location in the heart of one of metro Phoenix’s most desired labor pools and plans to hire approximately 300 new employees to staff the center. The company also plans to make significant improvements to the newly-leased space in order to offer future employees a state-of-the-art, modern facility. The company plans to take occupancy of the space in March 2015.

Built in 1993, Papago Technology Center is a 75,000-square-foot flex/office building located in the heart of Tempe and one of metropolitan Phoenix’s largest, most-desired labor pools. The property benefits from direct access to the light rail system via the station at Washington Street and Priest Drive as well as proximity to the Loop-202 via Priest Drive. The property currently has 33,795 square feet of remaining space available for rent.

INDUSTRIAL SPACE – 5502 W BUCKEYE AVE., PHOENIX

Elontec has leased 28,231-square-feet of space, which is an expansion for the company at to 5502 W. Buckeye Avenue in Phoenix. This lease brings the 103,400-square-foot Freeport Industrial Center to 100% occupancy.

Elontec, an award-winning, woman-owned office furniture, relocation and cabling company, will consolidate its operations and relocate its corporate headquarters currently at 5402 W. Roosevelt St., Phoenix. Elontec plans to relocate in October.

The company will be consolidating two spaces that total approximately 24,000-square-feet and moving operations to Freeport Industrial Center. Elontec will be hiring additional workers as part of the expansion.

Cushman & Wakefield negotiate the long term lease. “This space sat vacant for more than 18 months before we were enlisted to market the property,” said Justin LeMaster of Cushman & Wakefield . “Based on our strategic marketing approach and relationships in the brokerage community, we were able to completely negotiate the deal within two weeks of receiving the assignment.”

LeMaster, Mike Gilbert and Paul Sweetland, SIOR, of Cushman & Wakefield’s industrial division represented the landlord, Environmental Development of San Diego. Ted Liles of Cresa represented Elontec.

OFFICE SPACE – SCOTTSDALE EXECUTIVE OFFICE CENTER

Cushman & Wakefield of Arizona, Inc. negotiated 21,085-square-feet of new leases at Scottsdale Executive Office Center, 15880, 15990 and 16100 N. Greenway-Hayden Loop.

Ingram Micro, Inc., a Santa Ana, Calif.-based firm, opened a technology incoming call center and occupies 14,926-square-feet and PHX Architecture relocated from a central Scottsdale location into 6,159-square-feet.

“The Scottsdale Executive Office Center meets the needs of tenants who require dense floor plans with 5.77:1000 ratio parking to go with it,” said Chris Nord, Associate Director with Cushman & Wakefield of Arizona, Inc. “The bay depths allow for efficient floor plans and a 1% load factor keeps the required size of the premises smaller than competing office properties.”

Nord and Michael White of Cushman &Wakefield represented the landlord, Perry Investment Trust No. 1. Mark Seale of Cassidy Turley represented Ingram Micro. Victor Gilgan and Scott Fey of Omni America, LLC represented PHX Architecture.

Both tenants took occupancy this month, bringing the property to 87% occupancy. Other tenants include Trivita, Stella & Dot, MWA Intelligence, and Landmark Education.

 *     *     *     *     *

RETAIL – ENCORE PLAZA SHOPPING CENTER, GILBERT
Health Angels, LLC dba TrueRest leased 2,147-square-feet in Encore Plaza Shopping Center recently. The location of the property is at Baseline & Gilbert Road in Gilbert, AZ. Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the landlord and Carl Jones & Gordon Heckaman of DeRito Partners represented the tenant.

RETAIL – 1066 N POWER RD, MESA
Mesa Comics leased 1,500-square-feet at 1066 N. Power Road Mesa, AZ recently. The landlord is 1066 North Power, LLC. Jake Ertle and Jim Edwards, both of Rein & Grossoehme Commercial Real Estate represented the tenant and landlord.

RETAIL – THE PALMS SHOPPING CENTER, PHOENIX
99 Cent Plus leased 900-square-feet in The Palms Shopping Center recently. The location of the property is 15620 N. 35^th Ave. in Phoenix, AZ. Richard Mackay of Rein & Grossoehme Commercial Real Estate represented the landlord and tenant.