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News release

PHOENIX, AZ

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

Project’s new 7:1,000 parking ratio benefits growing financial solutions firm


PHOENIX, April 23, 2015 – 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.

“The objective of the Tempe 10/60 redevelopment was to create a flexible, high-density, open office environment that could accommodate a very busy, high-employee-count company. In fact, a company just like FFN,” said JLL Managing Director Karsten Peterson, who represented the landlord along with JLL Managing Directors Dave Seeger and Mark Gustin, and Associate Matt Gandolfo. “It is rewarding to have that process come full circle; to see this space shift from ineffective to very effective square footage, and to be matched with the kind of organization that it was designed to serve.”

Tempe 10/60 Corporate Center is located at 4415 – 4625 S. Wendler Dr., alongside Interstate 10 and just south of the I-10/Superstition Freeway interchange. Built in 1985, the campus originally totalled 110,000 square feet in two 45,000-square-foot, two-story buildings and one 20,000-square-foot, single-story building. In 2014, property owners Greenlaw Partners and The Broe Group redeveloped the project, demolishing one of its three buildings to create a two-building development and increase on-site parking ratios from 5:1,000 to 7:1,000.

Through its new lease, FFN now occupies all of the 45,000-square-foot, 4625 S. Wendler Dr. building. The lease brings the property to 50 percent occupied. The project’s north building, consisting of an additional 45,000 square feet, is available for lease.

FFN was represented in its lease by JLL Senior Managing Directors Pat Williams and Steve Corney, Vice Presidents Vicki Robinson and Andrew Medley, and associate Chris Corney.

Tempe 10/60 Corporate Center features a creative exposed ceiling environment with spiral metal ductwork and slab-to-deck ceiling heights ranging from 15 feet to 22 feet, a 10-foot window line, generous landscaping, immediate freeway visibility, and access to Interstate 10 via Baseline Road. It is minutes from the I-10/US-60 interchange, Arizona Mills Mall, Sky Harbor International Airport and Arizona Grand Resort.

According to JLL’s recently released North America Banking Outlook, Phoenix ranks fifth for the percent of overall market real estate space occupied by the banking and finance industry, and ranks third among North American markets that have regained the most financial services jobs. The rankings call Phoenix out as a hub of national and international financial activity, where the sector remains one the fastest growing – and largest job producers – in the Valley, gaining 10,000 new banking and finance jobs in the past two years alone and serving as a key factor in pushing the area’s office vacancy rates below 15 percent (approximately 7 percent lower than metro Phoenix’s average) in “hot” submarkets like Tempe.

About Freedom Financial Network
Freedom Financial Network, LLC (FFN), provides comprehensive consumer credit advocacy services. Through the FFN family of companies - Freedom Debt Relief, Freedom Tax Relief, ConsolidationPlus, FreedomPlus and Bills.com - FFN works as an independent advocate to provide comprehensive financial solutions, including debt consolidation, debt resolution, debt settlement and tax resolution services for consumers struggling with debt. The company, which has resolved more than $3.5 billion in debt and assisted more than 300,000 clients since 2002, is an accredited member of the American Fair Credit Council, and a platinum member of the International Association of Professional Debt Arbitrators. Based in San Mateo, California, FFN also operates an office in Tempe, Arizona. The company, with 750 employees, was voted one of the best places to work in the San Francisco Bay area in 2008, 2009, 2012, 2013 and 2014, in the Phoenix area in 2008, 2009, 2010, 2012, 2013 and 2014. FFN's founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.

About Greenlaw Partners
Greenlaw Partners is a full service real estate investment management and operating company that acquires, develops and manages properties. Its core business is the acquisition and management of income and land entitlement projects, creating value within opportunities and maximizing returns for its investors. The firm’s existing portfolio totals approximately 4 million square feet of commercial space located throughout the Western U.S., with a track record of $1.2 billion in acquisitions since inception.

About The Broe Group
The Broe Group and its affiliates, based in Denver, Colorado, employ more than 1,000 people and own and/or manage commercial real estate throughout North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations throughout North America, including the Great Western Railway. Its energy affiliate, Great Western Oil & Gas Company, is a top 100 driller in the U.S. For more information, see www.broe.com.

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 fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. In Phoenix, JLL is a market leader employing more than 500 of the region’s most recognized industry experts offering office, industrial and retail brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services. In 2014, the Phoenix team completed 12.2 million square feet in lease transactions valued at $918 million, directed $75 million in project management and currently manages a 23.1 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.