CHICAGO—Volkswagen Group of America has built up a relationship with JLL over the past few years, and has now decided to appoint the commercial real estate services firm to run its five-million-square-foot corporate real estate portfolio. JLL will provide multiple services, including the management of facilities, transactions, projects, leases and strategic consulting. The contract encompasses 65 office, technical and distribution sites, as well as dealership locations, in 20 US states.
Over the last 10 years, JLL has worked with VWGoA on several major projects. In 2007, for example, the Staubach Co., now part of JLL, represented VWGoA in the relocation of its headquarters from Auburn Hills, MI, to 184,747-square-feet in Woodland Pointe, a 6-story, class A office building in Herndon, VA.
Furthermore, as reported in GlobeSt.com, Staubach also handled the 2008 site selection for VWGoA's $1 billion, 2.5-million-square-foot assembly plant in Chattanooga, TN.
“Automakers face a highly-competitive environment in today's global marketplace,” says Ken Koupal, managing director, JLL. “With this expansion of our business relationship, our team will apply innovative real estate solutions to enhance Volkswagen Group of America's overall productivity and business performance.”
Globally, JLL has been one of Volkswagen's real estate partners since 2009. It has completed a number of projects and transactions throughout Volkswagen's worldwide portfolio covering all asset types, including warehouses, office and retail space in Europe, Asia, Africa and South America.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
