JLL completes 155,000-square-foot, long-term lease for Integrated CBD at HUB 317
PHOENIX, ARIZ. – Institutional CBD oil and isolate supplier Integrated CBD has announced it will open its first U.S. manufacturing location and hire approximately 100 employees at HUB 317, a 225,157-square-foot project that in 2018 was renovated from a former Sam’s Club into a state-of-the-art, Class A, freeway visible flex industrial campus.
Integrated CBD will use its new space at HUB 317 for CBD oil extraction, processing, custom formulating and research and development. The facility is intended to provide industrial hemp-derived CBD ingredients and bespoke formulations to Fortune 500 customers in the cosmetic, supplement, nutraceutical, pharmaceutical and food and beverage industries. The new facility is expected to generate more than 100 new jobs including high-skilled and high-paid senior level management, sales and research and development positions.
The company is scheduled to take occupancy at HUB 317 during the fourth quarter of 2019.
JLL Managing Director Andrew Medley and Executive Vice President Steve Larsen represented Integrated CBD. Ken McQueen, Chris McClurg and Brian Payne represented the owner and developer, a joint venture between Denver-based DPC Companies and Confluent Development.
“This facility marks a major milestone in this new industry,” said Jeff Dreyer, Chief Operating Officer and Co-Founder of Integrated CBD. “Our location at HUB 317 will be largest throughput and most efficient CBD oil extraction plant in the United States.”
HUB 317 is located on 12 acres at 317 S. 48th St. in Phoenix, minutes from the Loop 202 and 143 freeways and Sky Harbor International Airport. The project combines the renovation of a 115,286-square-foot former Sam’s Club building with 109,645 square feet of new tilt-up industrial construction to create a fully modernized flex industrial campus.
Features of the new development include renovated office, warehouse/distribution and mezzanine space with 24- to 32-foot clear height, truckwell, grade-level and dock high loading options, 290 parking stalls and a 3,000 Amps/277-480 volt power supply.
The property’s location just east of State Route 143 and just west of the Loop 202 will give Integrated CBD exceptional access to major transportation corridors as well as freeway visibility with building and freeway monument signage opportunities.
“HUB 317 is an ideal property for Integrated CBD, giving them a centralized and efficient supply chain location and brand new, state-of-the-art industrial space that not only provides extensive power but is also scalable to accommodate the company’s strong projected growth,” said Medley.
HUB 317 is the first development partnership in the Phoenix industrial market between Colorado-based DPC Companies and Confluent Development. Graycor Construction Company was the general contractor and Ware Malcomb was the project architect.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 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.