Done Deals: Isola completes lease for new state-of-the-art Chandler, AZ HQ

Monday, September 2, 2019

Isola completes lease for new state-of-the-art Chandler, AZ HQ

Isola Group's new, 118,383-square-foot, state-of-the-art corporate headquarters at 6565 West Frye Road within Building 3
at the Lotus Project Chandle in Chandler, AZ

PHOENIX, AZ – Leading laminates manufacturer Isola Group has announced its move to a brand new, 118,383-square-foot, state-of-the-art corporate headquarters within building three at the Lotus Project Chandler in Chandler, Arizona.

Jackie Orcutt

The new global headquarters will consolidate Isola’s administrative, manufacturing and research and development activities from two area locations into one Class A, purpose-built flex industrial location.

Steve Larsen

JLL Executive Vice President Steve Larsen and Senior Vice President Jason Moore represented Isola in the lease transaction.

Jackie Orcutt, Rusty Kennedy, John Grady, James Cohn and Jonathan Teeter of CBRE represented the project landlord and developer, Conor Commercial. JLL’s Project Development Services Team managed Isola’s build-out.

Locally based Isola is a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer printed circuit boards (PCBs).

It is also the first to sign within Lotus Project Chandler, a 53-acre mixed-use employment park that, at build out, will total over 650,000 square feet of Class A industrial and office space located just off of Kyrene Road, near the intersection of Interstate 10 and the Loop 202.

Jason Moore

“Isola has been one of Chandler's long-standing technology employers and we are thrilled that their new headquarters and operational facility will remain in our community,” said Chandler Mayor Kevin Hartke.

“It has been a pleasure working with Isola throughout the site selection process and we wish them many more years of success.”

Using a modern cell-based manufacturing approach, Isola’s new Chandler facility is designed to quickly deliver smaller batches of the company’s broad product portfolio – an approach that responds to industry shifts from volume manufacturing to new product prototyping and early stage production.

“We’re very excited about the new facility and the significant opportunity it provides to optimize our ability in serving the evolving electronics market in North America,” said Isola Executive Vice Chairman and CEO Travis Kelly.

Rusty Kennedy

“Our focus from the start of our search for a new location has always been to remain in the Chandler market, and JLL was a significant partner in this process.”

“Isola’s new headquarters is ideally suited for its very specific needs,” said Moore. “That includes the clear height and power they require, and a location at the heart of a very talented employment pool.”

The new Isola headquarters is located at 6565 W. Frye Rd., within the Southeast Valley’s I-10 Technology Corridor.

John Grady

It is part of the two-phase Lotus Project advanced manufacturing and light industrial development, being developed by Conor Commercial and boasting 32-foot clear height ceilings, ample power, efficient loading capacity and abundant parking.

The project is less than one mile from I-10 and the Loop 202, less than 15 minutes from Sky Harbor International Airport and less than 20 minutes from downtown Phoenix.

“It’s exciting to see Conor Commercial’s vision for this site come to life,” said CBRE’s Jackie Orcutt. “With one outstanding tenant now a part of the Lotus Project story, we’re looking forward to welcoming many more companies to one of the premier industrial projects in the East Valley.”

James Cohn

Isola is expected to begin a phased move-in of the new facility beginning in the fourth quarter 2019.

About Isola

Isola Group, headquartered in Chandler, Arizona, is a global material sciences company focused on designing, developing, manufacturing and marketing copper-clad laminates and dielectric prepregs used to fabricate advanced multi-layer printed circuit boards.

Isola’s high-performance materials are used in sophisticated electronic applications in the communications infrastructure, cloud computing, automotive, military, medical and aerospace markets.

Jonathan Teeter

Isola has over 1600 employees with technical support, sales, manufacturing and R&D facilities in Asia, Europe and North America.

For more information, please visit our website at http://www.isola−group.com/.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

Chandler, AZ Mayor Kevin Hartke.

Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions.

In doing so, we will build a better tomorrow for our clients, our people and our communities.

JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019.

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

In Phoenix, JLL is a market leader employing more than 590 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process.

In 2018, the Phoenix team completed 75.3 million square feet in lease and sale transactions valued at $2.2 billion, directed $120 million in project management and currently manages a 32.4 million-square-foot portfolio.

For more news, videos and research resources on JLL, please visit www.jll.com.