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News release

Jones Lang LaSalle Completes Major Industrial Lease for Schoeller Arca Systems; Brings New Manufacturing, More than One Hundred Jobs to Phoenix

Lease is the latest example of a strengthening Phoenix industrial market


PHOENIX, April 14, 2011 – Jones Lang LaSalle has completed a 153,000-square-foot, long-term industrial warehouse lease for Schoeller Arca Systems, a 100-year-old, Netherlands-based global market leader in the manufacturing of sustainable plastic packaging systems. The deal will bring as many as 150 new jobs to Phoenix and is the latest example of an increasingly strong local industrial market.

Schoeller Arca Systems will occupy a one-story warehouse/manufacturing property at 17300 W. Broadway Road in Goodyear, Ariz. The building, which was previously occupied by Rubbermaid, Inc., is situated on 47 acres just four miles from Interstate 10 and along an active Union Pacific rail spur.

Schoeller Arca Systems is present in more than 50 countries worldwide.  Historically, Schoeller Arca U.S. relied solely on contract manufacturers.  

Managing Directors Anthony J. Lydon, SIOR, and Marc Hertzberg, SIOR, in the Phoenix office of Jones Lang LaSalle represented Robert Engle, President of Schoeller Arca Systems, in the lease. Dan Calihan and Pat Feeney of CBRE represented the landlord, BET Investments.

“We’ve seen a drastic up-tick in demand for large, rail-served manufacturing buildings in Phoenix,” said Hertzberg. "We're seeing the greatest interest from companies with high employee counts and with operations in industries like food and beverage, sustainable energy and Internet fulfillment.”

"These requirements for 100,000 or more square feet are being spurred on by value-add, energy-centric, high-head-count employers who see metropolitan Phoenix as a strategic location," added Lydon. "We're adjacent to Southern California but substantially more affordable for items like energy and HR costs."

According to Jones Lang LaSalle research, the overall industrial vacancy rate in Phoenix has dropped by almost two percent year-over-year, from 15.8 percent one year ago to 13.9 percent today. First quarter 2011 had approximately 800,000 square feet of net absorption in Phoenix industrial space. In comparison, almost 4.5 million square feet of Phoenix industrial space was absorbed during 2010.

Schoeller Arca Systems is scheduled to occupy its new space in second quarter 2011. For more on the company, visit www.schoellerarcasystems.us.

Jones Lang LaSalle is a leader in the Phoenix commercial real estate market. Employing 344 of the area’s most recognized industry experts, the firm offers office and industrial brokerage, tenant representation, facility and investment management, capital markets and development services. In 2010, the Phoenix team completed 3.2 million square feet in lease transactions, directed $60 million in project management and currently has 13.5 million square feet under management.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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