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News release

Phoenix

JLL Completes One of the Largest Industrial Leases This Year in Southwest Phoenix

93,489 SF deal brings Benson Industries to first-ever Arizona location


PHOENIX, July 14, 2014 – On behalf of Clarion Partners, the Phoenix office of JLL has completed a 93,489-square-foot lease with Benson Industries, LLC at Durango Commerce Center in Phoenix. The deal represents one of the largest industrial lease transactions in Phoenix’s Southwest Valley submarket this year. It also brings the 670,000-square-foot, two-building Durango Corporate Center to 91 percent occupied and locates Benson Industries into its first-ever Arizona address.

Portland-based Benson Industries manufactures curtain wall systems for skyscrapers and other commercial structures. Just one of their latest projects includes the exterior shell and glass for One World Trade Center in New York City.

“Benson secured this location primarily to serve its major construction projects in California,” said JLL Executive Vice President Pat Harlan, who represented building owner Clarion Partners along with JLL Executive Vice President Steve Sayre and JLL Associate Kyle Westfall. “By locating in Arizona, tenants can maintain direct access to California but sidestep that market’s sometimes costly barriers to entry. At the same time, they gain the benefits of Arizona’s exceptional business environment, competitive tax rates and growing economy.”

Benson will use its new Phoenix location for manufacturing, assembly and distribution. Isy Sonabend and Richard Foss of NAI Horizon represented the tenant, Benson Industries.

Situated at 2225 S. 75th Ave. in Phoenix, Durango Commerce Center is a best-in-class, institutional-grade distribution property that offers direct access to I-10, 30-plus-foot clear height, ample parking and a modern ESFR system. The project is currently 91 percent leased to tenants such as The Gap, Consumer Connect and Regal Distribution. An additional 62,305 square feet of industrial distribution space remains available for lease.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

About JLL
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. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated. For more information, visit www.jll.com.

In Phoenix, JLL is a market leader employing nearly 500 of the region’s most recognized industry experts offering office, industrial and retail brokerage, tenant representation, facility and investment management, capital markets and development services. In 2013, the Phoenix team completed 10.3 million square feet in lease transactions valued at $512 million, directed $72 million in project management and currently leases and/or manages a 22.8 million-square-foot portfolio. For more news, videos and research resources on Jones Lang LaSalle, please visit www.jll.com or www.jll.com/phoenix.