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News release

PHOENIX, AZ

JLL Lease Establishes First Tire’s Warehouse Distribution Center in Arizona


PHOENIX, September 13, 2016 – The Phoenix office of JLL has completed an 83,000-square-foot lease that establishes well-known tire distributor Tire's Warehouse Inc. (TWI) in its first-ever Arizona location and its only distribution center outside of California.

The new facility, which is located at 1502 E. Buckeye Rd. in Phoenix, brings TWI to seven distribution centers across the West, including one new center just opened in Northern California's Union City. TWI is scheduled to open its Arizona location on Sept. 26, 2016. The distribution center will generate as many as 50 new jobs for the Valley within the first two years of operation.

JLL Associate Kyle Westfall and Executive Vice Presidents Pat Harlan and Steve Sayre represented TWI in the lease negotiations. The property landlord, Harrison Properties, represented itself.

"Opening the doors of our first distribution center in Arizona is a monumental step for our company," said Dan King, President of TWI. "The recent success of our new Northern California branch has helped us to prepare for continued market expansion into all-new territories. Our entire team has been working diligently to support our rapid growth and we are very excited to bring our exceptional service and dealer programs to our new Arizona customers."

"TWI's selection of Phoenix as its first distribution center outside of California speaks volumes about our strength as a consumer market and our strategic position in the distribution supply chain," said Westfall. "TWI is one of many companies expanding into Arizona and putting these advantages to work for their operations and their customers."

With its new Phoenix location, TWI now operates a total of 600,000 square feet of space and 100 delivery trucks, serving dealers throughout California, Nevada and Arizona.

About Tire's Warehouse
Tire's Warehouse Inc. is a leading tire distributor offering exceptional value since 1969, providing twice daily service to dealers in California, Nevada and Arizona. To learn more about Tire's Warehouse, visit www.tireswarehouse.net.

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 $59.1 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 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.