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News release

PHOENIX

JLL Brings Streetside Classics to Arizona with New Industrial Lease

Leases Class A industrial building for new 53,739-square-foot showroom facility


PHOENIX, May 25, 2017 – The Phoenix office of JLL has completed a 53,739-square-foot lease for Streetside Classics that brings the nation's top consignment dealer of classic and collectible cars to the Arizona market. Streetside will open its sixth – and newest – showroom facility in Mesa, Arizona later this summer.

Based in Charlotte, Streetside specializes in the consignment, purchase and sale of classic and collectible cars to a network of qualified buyers and sellers. The company offers more than 1,200 cars online and in showrooms located in Atlanta, Charlotte, Dallas/Fort Worth, Nashville and Tampa.

JLL Senior Vice President Steve Larsen and Managing Director Marc Hertzberg represented Streetside in its site selection and lease negotiations. Ken McQueen and Chris McClurg of Lee and Associates represented the property owner.

"Events like Barrett-Jackson have put Phoenix on the map for classic car enthusiasts and the companies that serve them," said Larsen. "The combination of Phoenix's exceptional industrial inventory and its competitive pricing were major advantages that, ultimately, allowed Streetside to secure a high exposure, Class A building with state-of-the-art construction."

"These market factors keep auto-related transactions in the Valley for showrooms, refurbishment operations and even parts distribution very robust," added Hertzberg.

"With the new Phoenix-Scottsdale location, we are very excited to make our consignment services more accessible for our West Coast customers. Phoenix is a well-established market for collector cars, and this expansion gives Streetside true nationwide reach as we continue to expand our brand into the best markets in the U.S.," added Streetside President and CEO Donna Robbins.

The new Streetside showroom is located at 614 E. Auto Center Drive in Mesa, Arizona, within the Metro East Valley Commerce Center. The 53,739-square-foot building features a high-end environment with state-of-the-art construction, multiple loading doors and a location that is less than one-half mile from U.S. Highway 60/Superstition Freeway and surrounded by multiple major brand auto dealers.

Streetside will occupy its new space in late Summer.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset 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 560 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 2016, the Phoenix team completed 34 million square feet in lease and sale transactions valued at $1.5 billion, directed $105 million in project management and currently manages a 25.2 million-square-foot portfolio. For more news, videos and research resources on JLL, please visit www.jll.com or www.jll.com/phoenix.