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News release

Boston, MA.

Grossman Cos. and Dinosaur Capital Appoint Jones Lang LaSalle at Braintree Executive Park


BOSTON, May 11, 2011 — The Grossman Companies, Inc. and Dinosaur Capital Partners have named Jones Lang LaSalle leasing agent at Braintree Executive Park in Braintree, MA. The two building 125,641-square-foot first class office park is situated directly off of Route 3 adjacent to the Braintree MBTA Station.
 
 
The well-appointed twin buildings at 100 and 150 Grossman Drive will undergo a capital improvements program to include: a new lobby, railing system, elevator cab interiors, park signage, common hallways, and remodeled bathrooms. Originally built by The Grossman Companies, the buildings’ feature distinctive glass atriums, first class amenities, and 394 parking spaces. Braintree Executive Park is located at the Union Street exit off of Route 3. There are currently 55,446 square feet available in the park.
 
“Braintree Executive Park is a high quality, well-located asset that will be enhanced by the upcoming renovation program,” said David Grossman, Head of Acquisitions at The Grossman Companies. “We look forward to working with Jones Lang LaSalle’s strategic leasing and marketing teams, and have every expectation that the Park’s occupancy will flourish in the near future.”
 
According to Tom Kent, Executive Vice President of Jones Lang LaSalle: “Braintree Executive Park stands the test of time with its quality image, architecture and convenient location. The ownership is a mainstay in New England that will capitalize on the park’s tremendous upside potential.”
 
Jones Lang LaSalle’s leasing team will consist of Tom, Vice President Sean Lynch, and Associate Michael Olson.
 
Current tenants in the park include: Bank of America, Safety Insurance, Tremont Credit Union, Systems and Methods, Harvard Vanguard, Rockland Trust Company, and the American Red Cross.
 
About The Grossman Companies

Formed in 1980 and with New England roots dating back over 100 years, The Grossman Companies, Inc. is a full-service commercial real estate investment, management, and development firm that owns and manages an approximate two million square foot portfolio that is diversified by product type but geographically concentrated in New England. Its properties are managed by the Company to ensure that the highest standards of management are upheld and that the full potential of each property is achieved. A subsidiary, Grossman Realty Group, handles leasing for the majority of our portfolio, as well as third-party leasing assignments.

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 $43 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.