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News release

LOS ANGELES, CA

Lagunitas Signs 254,840 SF Industrial Lease in Azusa, California

JLL completes deals with major brewing company in Los Angeles County


LOS ANGELES, Oct. 5, 2015 — JLL announced today that it has completed a new lease on behalf of Xebec with Lagunitas Brewing Company for two buildings encompassing 254,840 square feet of space at 10th Street Center, a new speculative three-building, 342,629-square foot state-of-the-art industrial business park located on 21.6 acres at 1207 – 1223 10th Street in Azusa, Calif. The facilities will serve as the company’s third production brewery with an initial capacity of around 420,000 barrels per year.

JLL team members Paul Sablock, Nicole Welch and Peter McWilliams represented both the landlord and the tenant.

"Lagunitas was attracted to 10th Street Center because of its prime location, allowing it to grow and better serve its clients in Southern California and the Southwest," said Sablock. "The property is located in one of the most business-friendly cities along major transportation corridors and featuring abundant skilled labor."

Gretchen Sauer, chief operating officer of Xebec added, “Water was another major driver in the deal coming to 10th Street Center. Through its own utility provider, Azusa Light & Water has an abundant supply of water from the San Gabriel Mountains that the city was able to offer Lagunitas.”

10th Street Center is ideally located in the heart of San Gabriel Valley offering immediate access to the I-210 and I-605 freeways, as well as nearby I-5 and SR-57 freeways. Situated along major trade corridors, the project is a gateway to major logistics hubs via the Ports of Los Angeles/Long Beach as well as Los Angeles/Ontario International Airport and Los Angeles International Airport. 10th Street Center features 32 foot warehouse clearance, ESFR sprinklers, fully secured concrete truck courts and sustainable landscaping.

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About Xebec
Xebec is a private, vertically integrated real estate firm that focuses on the acquisition, development and management of warehouse and distribution facilities located in top tier logistics markets in the western U.S. with major port and intermodal infrastructure. The genesis of Xebec dates back to 1986, with a focus on infill industrial development in the highly competitive central market of Los Angeles. In 1996, Randy Kendrick and John Lehr formed Xebec and have since built the firm into one of the top industrial developers in Southern California. These principals provide long term and stable management with more than 60 years of combined experience in acquisition, development, finance and asset management. Learn more about Xebec at www.XebecRealty.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. A Fortune 500 company 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 $56.0 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.