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Phoenix-based company builds on almost 35 years in Phoenix market
PHOENIX, Jan. 8, 2016 – Tenant representation experts in the Phoenix office of JLL have completed a corporate headquarters expansion lease for Bar S Foods Co., a Phoenix-based corporation that has operated in the Valley since 1981. The lease brings the Bar S headquarters, located on Phoenix’s Camelback Corridor at 5090 N. 40th Street, to 49,174 contiguous square feet.
JLL Managing Director John Pierson and Senior Managing Director Steve Corney represented Bar-S in the lease. CBRE brokers Jerry Roberts, Corey Hawley and Pat Boyle represented the building owner, Lowe Enterprises Investment Management, LLC.
“This lease allows Bar S to control the entire third floor of the 5090 building,” said Pierson. “With demand for well-located Phoenix office space continuing to rise, it was a good time for the company to formalize its expansion and safeguard the space it needs to continue to grow and thrive in its hometown.”
Bar S was founded in Phoenix in 1981, and since then has become a leading manufacturer of processed meats and a top-selling hot dog brand in America. The company operated a midtown headquarters location for two decades before moving to its new location on the Camelback Corridor in 2011.
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 $57.2 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.
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