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News release

Boston, MA.

KS Partners Appoints Jones Lang LaSalle Agent for Four Property Portfolio


Boston, MA, April 12, 2011 – KS Partners, LLC, a real estate holding company that owns and operates nearly three million square feet of commercial property in the northeastern US, has named Jones Lang LaSalle’s leasing team of Peter Richardson and Troy Coady exclusive agents for a 564,000-square-foot office and R&D portfolio in Greater Boston. Jones Lang LaSalle was appointed to lease: 3 Riverside Drive in Andover, Fordham Business Park including 100-110 Fordham Road in Wilmington, 47 Manning Road in Billerica, and 19-21 Alpha Road in Chelmsford. The buildings combine high visibility with modern and efficient office/R&D/flex space.
 
3 Riverside Drive is a two-story 89,373-square-foot office/R&D facility on I-93 at the River Road interchange. It features four tailboard height loading docks for dedicated shipping and receiving, 14’ ceiling heights, and significant power. Currently, the largest tenant is Caritas. Fordham Business Park features signage opportunity and visibility from I-93. Anchor tenant Accellent Inc. recently expanded into 44,711 square feet. 47 Manning Road is a two-story 46,784-square-foot office/R&D facility visible from Route 3 off Middlesex Turnpike. The single-story R&D building at 21 Alpha Road includes 14’ ceiling heights, multiple tailboard loading docks and substantial power.
 
“The KS Team is excited to have the depth and knowledge of Peter and Troy, as well as the services provided by the Jones Lang LaSalle platform,” said KS Partners Senior Vice President in charge of Asset Management and Leasing Chris Devaux. “These assets are solid, functional buildings that are well located and offer tenants significant value in the marketplace.”
 
According to Peter Richardson: “We welcome the opportunity to work with the entire KS team. We’re eager to help strengthen their presence in the market, and are confident that the marketplace will respond favorably to their flexibility, responsiveness, and ability to simplify lease transactions.”
 
About KS Partners 

KS Partners LLC is a commercial real estate owner and property management company which owns and manages income producing real estate assets in the Northeast. The KS Partners portfolio strives for value appreciation through the capitalization of improved leasing, repositioning or redevelopment opportunities. For more information, please visit www.kspartnersllc.com.
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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