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Case Study

Shutterfly: JLL brings national brand to state of Minnesota

Scope of services
Shutterfly, an internet photo company, had a major geographical gap and was looking to build a new office, production and shipping facility that would provide more next-day delivery service to customers in the midwest. JLL was hired to conduct a national location search, provide brokerage services and negotiate state and local incentives.

Success delivered
After conducting an extensive market evaluation of 10+ national site options for Shutterfly, the JLL occupancy analysis and business and economic incentives teams helped identify, negotiate and secure a $30M, two-story, 217,000 sq. ft. build-to-suit opportunity in Shakopee, MN in the Dean Lakes Business Park. Additionally, JLL negotiated entitlements and tax incentives in partnership with DEED, GreaterMSP, Scott County and the City of Shakopee. A long-term lease was achieved with superior economic advantages, providing a potential savings of $3 - $4.5M for Shutterfly.

Moving forward
Relying on a commitment to strong relationships, JLL’s efforts produced a signed lease within 30-days of initial negotiations. The entire deal for the new site came together quite quickly with the construction process initiated in just 60 days. Shutterfly’s introduction to the state of Minnesota will provide a $60M capital investment in the economy and provide 1,000 full- and part-time job opportunities.

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