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Firm to lease 41 assets across Georgia, North Carolina and Florida
CHICAGO, July 11, 2011 — Jones Lang LaSalle today announced that it has been awarded a 5.65 million- square-foot industrial property leasing assignment by IndCor Properties, a Chicago-based affiliate of Blackstone Real Estate Advisors. The portfolio’s 41 industrial properties range in size from 30,000 square feet to nearly 600,000 square feet, and are located in and around Atlanta, Charlotte and Miami.
“We have assembled the foremost industrial leasing team in the region bringing in all the expertise from the firm to lease this important portfolio for IndCor,” said Craig Meyer, International Director and head of Jones Lang LaSalle’s Americas Industrial Services team. “Our local and national experience coupled with our long list of corporate relationships will help us create a strategic leasing program for IndCor.”
In Atlanta, Jones Lang LaSalle will be charged with leasing 1.8 million square feet of industrial properties including 10 facilities at Atlanta West Distribution Center, 8 facilities at Westfork Industrial Center and Suwanee Creek, Number 1 Distribution Center.
In Charlotte, the Jones Lang LaSalle team led by Managing Director Brad Cherry and Senior Vice President John Cashion will manage leasing for approximately 13 industrial assets totalling 1.85 million square feet, including Barringer Industrial Center, Bond Distribution Center, Interstate North Business Park and properties at Westpointe Business Park I-III.
In Florida, 2 million square feet will be leased through Jones Lang LaSalle Managing Director Steve Medwin, Executive Vice President Harry Wardell and Vice President Nick Wigoda. The portfolio includes 11 properties in Miami’s Airport West submarket and three buildings in the Miramar submarket of Broward County.
“Our logistics and industrial professionals offer innovative and profitable strategies for sales, leasing, acquisition, financing, construction, project management, and facility and property management of industrial properties,” said Meyer. “Our specialists in supply chain and logistics, critical elements in the manufacturing world, deliver unique insight. We understand the complexity facing both owners and tenants in industrial real estate decisions. No one knows better than us how to turn challenges into opportunities to maximize the value of any industrial asset from every side of the equation.”
“The strength of the local Jones Lang LaSalle teams in Charlotte, Atlanta and South Florida combined with their national platform provides IndCor with a solid partner in the marketing of these assets,” said Tim Beaudin, President and CEO of IndCor Properties.
About IndCor PropertiesIndCor Properties, an affiliate of Blackstone Real Estate Advisors, is a privately held real estate investment firm that acquires, develops, owns and operates high quality industrial distribution properties throughout North America. IndCor currently owns 45 million square feet of strategically located industrial assets across 31 markets in 21 states and continues to actively expand its ownership platform through single building and portfolio acquisitions while maintaining best in class service for its 650 customers. IndCor Properties is headquartered in Chicago, Illinois.
About Jones Lang LaSalleJones 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
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