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News release

PHOENIX, AZ

JLL – VenSure Lease Brings Chandler Freeway Crossing to 100% Occupied

Kicks off the ground breaking of a new, 150,000 s.f. “Building Six”


PHOENIX, June 7, 2016 – A 25,000-square-foot lease completed by the Phoenix office of JLL welcomes VenSure Employer Services to Building One at Chandler Freeway Crossing, a multi-building office campus developed by Mark IV Capital in Chandler, Arizona. The lease brings Building One – and all three buildings at Chandler Freeway Crossing – to 100 percent occupied.

It also kicks off the development of a new three-story, 150,000-square-foot Class A office building at the project.

JLL Managing Directors Dave Seeger, Karsten Peterson and Mark Gustin, along with Associate Elizabeth Collins, are the exclusive leasing brokers for Chandler Freeway Crossing and represented Mark IV Capital in the lease transaction. Hani Aldulaimi of KW Commercial represented VenSure.

Located at the intersection of the Loop 101 and Loop 202 freeways, Chandler Freeway Crossing is a 40-acre business park encompassing three existing Class A office buildings ranging from 45,000 to 170,000 square feet. Together, the buildings total 275,000 square feet and are fully leased to tenants including GM, ASML, SanDisk and VenSure – a Professional Employer Organization (PEO) providing payroll, human resources, employee benefits, workers compensation, workplace safety and loss control services to businesses across the U.S.

VenSure will relocate from Mesa to Chandler Freeway Crossing in September.

“VenSure was looking for a high-quality corporate campus with a flexible building – something that it could develop into a creative and collaborative environment for its employees,” said Seeger. “Chandler Freeway Crossing provided this, with an empty shell and 25-foot open ceiling grid that allows VenSure to implement dynamic open office features, as well as a mezzanine overlooking the open cube environment.”

“Our projects focus on delivering best in class working environments for businesses. Chandler Freeway Crossings is a great example of our firm’s focus on creating environments that cater to a tenant’s specific needs. VenSure is a welcome addition to the project. We collaborated with them to create a space that would be inclusive of the specific elements that they sought out during their search for a new location,” said Kelly Kharbanda, Regional Vice President at Mark IV Capital. “With their lease, all three of our buildings at Chandler Freeway Crossing are now fully occupied – a good place to be as we break ground on our next Class A building at this site and a testament to the area’s strong demand.

The new building at Chandler Freeway Crossing (referenced as Building Six) totals 150,000 square feet in three stories. It is located at 2625 W. Geronimo Place, at the southwest corner of Geronimo Place and Ellis Street. Amenities include a rooftop deck, 6.5/1,000 parking ratio and freeway visibility that includes building signage opportunities and a 60-foot tall, freeway-facing monument sign.
An additional building (referenced as Building Five) is part of the Chandler Freeway Crossing master plan. Building Five will total 125,000 square feet and will be developed upon the successful lease-up of Building Six.

Chandler Freeway Crossing offers direct access to the Loop 101 and Loop 202 freeways, and is minutes from Chandler Fashion Center, with more than 240 restaurant and retail amenities. This is part of more than 5 million square feet of retail and restaurant space located within a five-mile radius of the project. There are also four hotels (Hilton, Marriott, Hampton and Homewood Suites) within one mile of the project. Nearby corporate neighbors include Intel, Wells Fargo, Orbital Sciences, Amkor Technologies, Infusionsoft and eBay.

About Mark IV Capital, Inc.
Mark IV Capital, Inc. is a privately held real estate firm founded in 1974. The company acquires, invests in, develops and manages commercial projects utilizing a long-term approach to deploy capital in markets where existing drivers will propel future value. Headquartered in Newport Beach, California, with offices in Arizona, Colorado, Nevada, Texas and Northern California, Mark IV Capital’s vision is to be a world-class provider of working environments for businesses. Mark IV Capital owns office, retail, medical office, and industrial properties in Arizona, Nevada, Texas, California and Colorado.

Mark IV is currently focused on buying income producing and value-added properties in the western United States.  They are looking to acquire centers priced from $5 million to $40 million. For additional information, please visit www.MarkIV.com or contact Kharbanda at (949) 509.1444 or kkharbanda@markiv.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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 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 $58.3 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.

In Phoenix, JLL is a market leader employing more than 540 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 2015, the Phoenix team completed 17.2 million square feet in lease and sale transactions valued at $930 million, directed $125 million in project management and currently manages a 16.4 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.