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News release

Jones Lang LaSalle Markets Saturn Business Park for Sale


BREA, CALIF., July 5, 2011 — Jones Lang LaSalle’s Capital Markets experts have been exclusively retained by Trigild Inc., the court appointed receiver, to offer for sale the 100 percent fee simple interest in Saturn Business Park in Brea, California.  The property, located at 2929 East Imperial Highway, consists of a two-story suburban office building totalling 121,143 square feet.

Leading the Jones Lang LaSalle team on this assignment are Managing Director Bob Prendergast and Vice President Baker Morphy.

“Saturn Business Park provides an excellent value-add opportunity to purchase a high-quality office building with existing cash flow at well below replacement cost,” said Morphy.  “The property is uniquely positioned to capitalize on its exceptional location offering convenient access, abundant nearby amenities and the highly affluent and multifaceted economy of Brea in North Orange County.”

Saturn Business Park is prominently situated on a 5.57-acre parcel at the northwest corner of Saturn Street and Imperial Highway in Brea, California. The property was completed in 1985 and renovated in 2004, and offers a concrete block and brilliant black glass façade surrounded by stately palm trees. Saturn Business Park offers tenants a wide variety of dining, shopping and service retail within walking distance. The property is approximately 61 percent occupied.
 
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

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.