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News release

DES MOINES, IA

National tenants set to move into Ashworth Place

JLL assists local developer in filling 30,000-square-foot spec office building


DES MOINES, Iowa, March 22, 2016 – When construction crews broke ground at 7545 Ashworth Road in West Des Moines, many in commercial real estate thought the project was a risk they would not have been willing to take. The developers of Ashworth Place, a 30,000 square-foot spec building near Jordan Creek Parkway in West Des Moines, had a back up plan. If the space could not be leased, their companies – Eastman & Co. LLP and Nelson Construction & Development – would occupy the space.

One of those investors, Richard Ted Braak, principal at Eastman & Co. LLP knew, though, they would be much better off if the new space was full of ‘national credit’ tenants. Designed by Bryan Shiffler and his crew at Shiffler Associates Architects, the Ashworth Place features a two-story lobby and sight lines that tease the eye. “Once we got the building to the point where people could see how interesting the design was, the demand ramped up,” he said.

Nelson suggested engaging JLL to market the $7 dollar project. While the building could have been divided and leased in smaller suites, large users that could occupy a full floor was the desired outcome. Within a few months,  Justin Lossner, a vice president with JLL, confirmed two companies had signed long term leases to occupy the space. Aerotek, a leading staffing agency, and Merrill Lynch Wealth Management, wealth management division of Bank of America will begin moving in 1st quarter 2016.

“Two of the biggest catalysts were having a designer and a broker who could help us navigate through all of this,” Ten Braak said.

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.