JLL assists trade association in relocation to Research Commons
RALEIGH, N.C., Jan 18, 2017 – (RealEstateRama) — Motor and Equipment Manufacturer’s Association, the trade association for motor vehicle and mobility suppliers and parts manufacturers and remanufacturers, announced today plans to relocate its corporate headquarters within Research Triangle Park.
MEMA will occupy 15,030 square feet of Class A office at 4501 Research Commons, located at 79 TW Alexander Drive in Research Triangle Park. In addition to its headquarters, MEMA has offices in D.C., and the Detroit suburb of Southfield, Michigan. David Fleming, Ryan Lawrence and Molly Glasgow with JLL represented MEMA in the transaction.
The trade association sought to refresh and modernize its corporate headquarters while staying close to home. For over 20 years, MEMA occupied nearby 10 Laboratory Drive in Research Triangle Park, a building that they developed 1992 and have owned since. JLL’s team concentrated its search along the I-40 Corridor, with accessibility playing a key factor in their selection.
“Research Commons provides a campus-like setting that MEMA is accustomed to at their current location and creates continuity/minimal disruption for MEMA’s current employees,” said Glasgow. “Additionally, the new space will provide the modern environment for MEMA to continue to attract top talent to their organization.”
“The new location will house two of MEMA’s four divisions – the Automotive Aftermarket Suppliers Association (AASA) and the Heavy Duty Manufacturers Association (HDMA) – along with MEMA’s administrative and support functions. We are very excited about the enhanced collaboration features of the new location as we seek to advance the business interest of our members,” said Wendy Earp with MEMA.
CBRE represented the landlord, Greenfield Partners, LLC.
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The Motor & Equipment Manufacturers Association (MEMA) and its four specialized divisions comprise the leading international trade association in the fast-changing Mobility Industry. Representing vehicle suppliers that manufacture and remanufacture components, technologies, and systems for use in passenger cars and heavy trucks, MEMA serves as a critical bridge between high-tech capabilities in new vehicles –such as autonomous vehicles and vehicle connectivity—and the “nuts and bolts” of vehicle manufacturing. MEMA works at state, Federal, and international levels to ensure that the marketplace and public policy support the development of advanced, transformative technologies that enable safer, smarter, and more efficient vehicles. By directly employing more than 871,000 Americans and generating a total employment impact of 4.26 million jobs, MEMA’s member companies are the largest sector of manufacturing jobs in the U.S. MEMA’s members are represented through four divisi ons: Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA), Motor & Equipment Remanufacturers Association (MERA) and Original Equipment Suppliers Association (OESA). For more information on how MEMA is leading transformation in the mobility industry, visit www.mema.org.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.