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News release

Charleston, SC.

Jones Lang LaSalle to globally market Bushy Park | Jones Lang LaSalle


CHARLESTON, SC, June, 16, 2011 Jones Lang LaSalle today announced that it has signed a global marketing partnership agreement with Cooper River Partners, the owners of the more than 1600-acre Bushy Park Industrial Complex (BPIC) to help attract manufacturing users to Bushy Park from across the U.S. and overseas.  The premier industrial complex located on Bushy Park Road, in Goose Creek, South Carolina, has approximately 450 acres remaining for development within its manufacturing campus along with existing facilities for immediate occupancy.

“This project is unlike anything we’ve seen in the U.S., offering manufacturers a complete real estate and utility solution which far exceeds more traditional industrial developments,” said John Carver, head of Jones Lang LaSalle’s Port Airports and Global Infrastructure practice, whose group is leading the assignment for Cooper River Partners.  “Bushy Park has already proven to be of special interest to out of state companies and foreign enterprises who desire an accelerated path to establishing a new US operation.” 

“Further, with the project’s location on the banks of the Cooper River and with a new water terminal and access now under design, Bushy Park Industrial Complex will provide users not only ample water supplies for their manufacturing applications, but also direct access to deep water transportation along the eastern seaboard.”

BPIC has full-time onsite management, a complete suite of utility services tailored for heavy manufacturers, fire services, security, food services and other common amenities.  The project also boasts heavy industrial zoning as well as foreign trade zone status.  With the State of South Carolina having favorable labor laws, and among the most competitive incentive programs along the U.S. east coast, a move to Bushy Park offers an attractive economic package for companies preparing to bring new jobs to the area. 

“This combination of location, services and policies, along with the second largest pool of engineering talent and skilled labor in the country, has had strong appeal to European and Asian firms,” said Steve Grable, who is co-leading the Jones Lang LaSalle project team.   “We especially expect new interest to be generated from Asia Pacific markets, where much of our energy will be focused going forward.”

In addition to its current roster of chemical manufacturing, custom fabricators, food additive manufacturing and similar uses, the project is expected to generate interest among the emerging clean-tech sector.  Bushy Park is ideally structured for alternative energy firms, including hydro, wind and solar technologies.

The wide range of utilities supplied by Bushy Park includes steam, refrigeration, plant water, and plant and instrument air.  Abundant electrical capacity is supplied by South Carolina Electric and Gas, which also provides natural gas for the boiler systems in place.  Bushy Park is also a Praxair nitrogen plant.  Combined, these services and physical features provide an ideal manufacturing environment for firms using extensive utilities in their operations and requiring sophisticated logistical access.

Marc Fetten, President of Cooper River Partners stated, “We believe that an industrial revolution is underway in North America. In the past two years we have generated significant interest from both multinationals and entrepreneurs seeking to build and expand their factories. Jones Lang LaSalle is ideally positioned, by virtue of its extensive network of industrial relationships, to understand and effectively communicate the many advantages of the Bushy Park Industrial Complex to a global audience.”
 
About  Cooper River Partners

Cooper River Partners owns and operates the Bushy Park Industrial Complex - a premier industrial facility in Charleston, SC. Existing tenants include manufacturers of chemicals, warehousing and distribution, and custom fabricators. The site is conveniently located near major interstates and off rail and barge access for select projects. The Owners are skilled construction and development professionals and are ready to plan, permit, and build your facility. 

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.