Tag Archives: project profile

This is what happens when office space imitates art

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Donna Mondi had a vision for her 16-year-old interior design firm—a new office and showroom that would bring her team under one roof and reflect their design sensibilities and expert capabilities. Her unexpected inspiration? The industrial chic office set from The Intern, a 2015 comedy starring Robert De Niro and Anne Hathaway.

Enter JLL. “I know that property,” said Christine Bower, Vice President on JLL’s Tenant Representation team.

Click below for our Project Profile on Donna Mondi Interior Design, creator of spaces that are edgy yet sophisticated, modern yet classic, sexy, dynamic and most of all— unpredictable.

Donna Mondi

It wasn’t in River North, where Donna originally wanted to be, and there was no Starbucks in sight (a necessity for Donna and her team). We encouraged Donna and her husband Dominick Mondi, President of Mesirow Financial, to take a look. They took a tour and fell in love. It wasn’t the center of Fulton Market, but it checked every other box.

Knowing the Mondis’ interest in acquiring an income-producing, value-add property, we quickly facilitated the sale for $1.8 million (fortuitously closing the day of the Cubs’ 2016 World Series win). Built in the 1890s, the West Town light- industrial building was a former furniture factory. Donna invested $350,000 to convert the first floor into her company’s new home. The second floor will soon become available for the first time in 20 years, allowing for additional income generation. The space is perfect for a creative tenant craving high ceilings, hardwood floors, original skylights and huge windows.

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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