Tag Archives: build-to-suit

Project Profile: Readerlink build-to-suit

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Print sales are hot, with the industry seeing its third straight year of sales growth in 2016. In fact, distribution networks require more sophistication than ever as booksellers strive to meet the immediate and highly specialized demands of their customer bases.

Click below for our Project Profile on Readerlink, the largest full-service distributor of hardcover, trade, and paperback books to nontrade channel booksellers in North America.

Readerlink

Identifying the Salt Lake City area as the consolidation of its Western U.S. distribution network, Readerlink tapped the JLL team to identify a hub facility. With nothing existing on the market, our Build to Suit Practice Group assembled a cross-functional team, from financing experts to project management pros, to assess the viability of a build-to-suit assuming a long-term lease and Readerlink’s credit.

Building a 500,000-square-foot distribution center in the middle of a brutal Salt Lake City winter is challenging enough. Making the entire process financially viable while shifting delivery and budget risk (including winter conditions) onto the developer and landlord was critical.… Read More

What does e-commerce want? Power, labor, world domination?

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e-commerce

Welcome to Episode 5 of JLL Chicago Industrial – Real Time, our Industrial Research podcast. In this episode:

  • What retailers want out of their e-commerce distribution network
  • The landlord perspective: The prevalence of build-to-suits to accommodate these facilities’ highly specialized technology and workforce amenity requirements
  • A deep dive into surrounding demographics to enhance retailers’ site selection process

Hosted by: Industrial market research experts George Cutro and Chad Buch

Featuring:

Listen to this 14-minute podcast with the player above or CLICK HERE.

Know someone who’d like to listen? Post to LinkedIn.… Read More

JLL wins big at 29th Annual Chicago Commercial Real Estate Awards

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Chicago Commercial Real Estate Awards

JLL Chicago took home six awards, the most of any company, yesterday at the 29th Annual Greater Chicago Food Depository Commercial Real Estate Awards. The evening brought together nearly 2,000 of Chicago’s top commercial real estate professionals to celebrate this past year’s outstanding achievements across the industry.

As one of the industry’s most high-profile and longstanding awards program, the evening raises more than $1 million to provide more than 3.84 million meals for hungry Chicago area residents.

“To receive this recognition from our commercial real estate peer group is an honor and a reflection of JLL’s industry leadership and our best-in-class Chicago team,” said Dan Ryan, our Central Region Market Director. “To be involved with the Greater Chicago Food Depository’s important work in our local community makes this even more meaningful for all of us at JLL.”

JLL Chicago’s 2016 award recipients include:… Read More

Introducing JLL’s Build to Suit Practice Group

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Building a distribution center in the middle of a brutal Salt Lake City winter is challenging enough. Making the entire process financially viable while shifting delivery and budget risk (including winter conditions) onto the developer and landlord is what JLL’s Build to Suit Practice Group does best.

Build to Suit Practice Group

The JLL Chicago team of John Musgjerd, Ben Erskine and Steven Spinell recently changed their name to clearly reflect what they do best: build-to-suits on behalf of their clients. After completing Zurich North America’s critically acclaimed Schaumburg headquarters, the team, along with partner Todd Schaefer, connected with book publisher and distributor Readerlink on an entirely different project—a new 500,000 square-foot industrial distribution center servicing the western U.S.… Read More

Getting to know Steven Spinell

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A lifetime committed to becoming a professional hockey player taught Steven Spinell the value of hard work, time management and teamwork. Coming from a real estate family opened his eyes to the endless opportunities for success in the industry.

After bonding with fellow Miami of Ohio alum Ben Erskine on JLL’s Suburban Tenant Representation team, Steven joined as Associate in 2016, focusing on companies in the North Market as well as national business development for JLL’s Build to Suit Practice Group. “It’s unbelievable how much detail goes into the build-to-suit process. Through years of experience and high-profile projects, John Musgjerd and Ben Erskine have mastered all the moving parts,” said Spinell.

Steven Spinell

Typical day: I’ve transitioned from a team support role to being the boots-on-the-ground guy. I focus on business development, primarily in the North Market under Dan McCarthy‘s guidance, as well as pursuing build-to-suit opportunities for our practice group. You’ll find me on the phones prospecting, working on financial analyses and providing transaction support.

The 411 on JLL’s Build to Suit Practice Group: Build-to-suit projects are tremendously risky and complex.… Read More

Project Profile: Zurich North America

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Today’s headquarters decisions are more important than ever, driving companies’ recruitment, retention and brand strategies. When available space in the market doesn’t fit with the corporate vision, some companies are choosing to build new to create a truly personalized workplace of the future.

Build-to-suit projects are inherently complicated and risky. That’s why we have a dedicated team that takes an entirely different approach, offering our clients greater transparency and control.

Take a look at JLL client Zurich North America’s story below, where our Build-To-Suit Practice Group partnered with JLL’s Project and Development Services team to deliver a state-of-the-art headquarters campus in Schaumburg:… Read More

Inside Zurich North America Headquarters’ LEED Platinum certification

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Zurich North America Headquarters

JLL’s Jim Plummer, John Musgjerd, Jerry Riordan and Keara Fanning at Zurich North America headquarters’ grand opening

This week the JLL team joined Zurich North America to celebrate the grand opening of the firm’s new 783,800 square-foot Schaumburg headquarters. While the historic project has been years in the making, Wednesday’s event was highlighted by the announcement of the project’s LEED Platinum certification, the highest rating by the U.S. Green Building Council.Zurich North America Headquarters

After the ceremony and some entertainment by the Zurich employee choir, JLL Sustainability Practice Lead Keara Fanning took us on a green tour, showcasing the industry-leading outcomes achieved by the team’s LEED Platinum pursuit:… Read More

Consolidated Distribution Corp. breaks ground at Ridgeport Logistics Center

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JLL recently joined Ridge Development, the industrial development arm of Transwestern Development, and Elion Partners for the groundbreaking on two buildings in Ridgeport Logistics Center for the new headquarters of Consolidated Distribution Corp. (CDC).

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