Tuesday, May 7, 2013

Tempe, Arizona Market Continues Stride: Jones Lang LaSalle Completes Lease Expansion for Silicon Valley Bank


  


                                Hayden Ferry Lakeside I office building
                                              Downtown Tempe, AZ

  
PHOENIX, AZ– On behalf of California-based Silicon Valley Bank (SVB), the Phoenix office of Jones Lang LaSalle has completed a 25,579-square-foot lease expansion in the Hayden Ferry Lakeside I office building in downtown Tempe, Ariz.

Keith Lammerson
The announcement brings SVB’s total leased space at the building to approximately 75,000 square feet across three floors and currently makes it the largest tenant in the 10-story, Class A office property.

Jason Moore
“Silicon Valley Bank is fulfilling its original expansion plans, which are going well and ahead of schedule,” said Jones Lang LaSalle Vice President Keith Lammersen, who represented SVB in the lease transaction along with Jones Lang LaSalle Vice President Jason Moore and Executive Vice President Jim Sadler.

The building owner, Parkway Properties, Inc., was represented by its Vice President and Managing Director Mat Mooney and Senior Property Manager Mark Sanford.

Jim Sadler
SVB signed its original lease at Hayden Ferry Lakeside I in early 2013, moving into 49,374 square feet by mid-year. It uses the space for an IT and operations center and will use the additional space to continue to build the teams that are now located there.

“Our local talent, affordability and quality of life helped attract SVB to the Valley. Those factors continue to support the company’s local growth plan,” said Lammersen.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

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