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News release

PHOENIX

Check it Out: Integrate’s New Downtown Phoenix, Penthouse-Level HQ

JLL completes 14,000 s.f. lease and build-out for high-tech software firm at 111 W. Monroe


PHOENIX, June 26, 2017 – The 19th floor "penthouse level" of 111 W. Monroe St. in downtown Phoenix is ready to welcome its new, high-tech tenant – courtesy of a seven-month, creative office build-out just completed this week by the Phoenix office of JLL. The new tenant is Integrate, a locally based, rapidly growing cloud marketing software and service provider.

JLL Executive Vice President Ryan Bartos represented Integrate last fall in lease negotiations that would relocate the software company from Scottsdale into its new downtown Phoenix address at 111 W. Monroe St. Build out of the space was managed by JLL's Project & Development Services group.

"Downtown wasn't even a consideration when Integrate started this process, but the tremendous potential of this building – combined with the exciting restaurant, residential and high-tech tenant activity happening downtown –ultimately made this a very easy choice," said Bartos.

Owned by Phoenix-based ViaWest Properties, 111 W. Monroe St. is located on the southwest corner of Monroe Street and First Avenue, in the heart of downtown Phoenix. Its 14,000-square-foot, 19th floor penthouse level mixes mid-century interiors with modern touches that include 14-foot open ceilings, floorplates that can be built out as unobstructed collaborative spaces, and open north-south skyline views.

"This is exactly what Integrate was looking for – space with character but that could also be configured to support the efficiency and transparent culture of their company," said JLL Vice President Derek Ruterman, who directed the Integrate tenant improvement project. "Features like direct line-of-sight from one end of the office to the other and a glass-walled conference room help to achieve this. There are no private offices, and elements like the purposeful use of their branded colors underscore the collaborative, mission-focused nature of the team."

The first floor of 111 W. Monroe is occupied by local retailers and restaurants. Other on-site amenities include a yoga studio, free common area WiFi and mobile app/text valet service. The building has a 96-point walkability score, reflecting its close proximity to numerous area amenities including restaurants, retailers, entertainment, museums, other major office buildings, residential developments and Light Rail. The combination has attracted several additional high-tech tenants to 111 W. Monroe, including Galvanize, Gainsight, Allbound and Uber.

Integrate will move approximately 92 employees to its new location, with plans to continue to grow and develop its local staff.

JLL's Phoenix PDS group provides consultation, project management, design and construction management services for project ranging from office to industrial to retail. In 2016, the JLL PDS team completed 57projects valued at $105 million. This included the award-winning Isagenix Class A office headquarters in Gilbert, Northern Trust office complex at Discovery Business Campus in Tempe and the $16.4 million renovation of the Tucson Galleria, which transformed a long-vacant Tucson mall into a cutting-edge Western region customer support center for Comcast Cable. The PDS team is currently working with clients such as McKesson Corporation, Freedom Financial Network, American Airlines and JPMorgan Chase.

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.