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Industrial site near PA Turnpike and Interstate 99 is a Keystone Opportunity Zone
PHILADELPHIA, July 29, 2011 — Jones Lang LaSalle’s industrial brokerage team has been selected to represent the Bedford County Development Association and the Bedford community at Bedford County Business Park II in south central Pennsylvania. The Philadelphia team is comprised of Managing Director John Van Buskirk, Senior Vice President Michael Alderman, Vice President Jason Webb, and Senior Associate John Paul Mantey.
“This site has a unique Keystone Opportunity Zone designation, which significantly reduces the tax exposure of companies operating within the zone,” said Van Buskirk. “Coupled with an exceptional pool of skilled labor, the Keystone Opportunity Zone and Bedford’s decidedly pro-business environment make this an incredibly appealing site for large scale industrial projects.” With 90+ acres of available ground, the business park is capable of delivering a modern warehouse of approximately one million square feet. Located near Interstate 99, the Pennsylvania Turnpike and the Bedford County Airport, Bedford County Business Park II boasts strong regional transportation infrastructure and great same-day access to merchants and consumers located throughout the population centers of the Northeast and Mid-Atlantic region. Nearby operations by Wal-Mart, Sheetz, REI and Smith Transport attest to the underlying strength of the location.
“We are delighted that Jones Lang LaSalle will be our leasing agent,” said Jeff Christ, Chair, Bedford County Development Association. “Despite the challenging economic environment, the industrial market in our region of Pennsylvania has seen steady growth. I know JLL will help us maintain that.”
A fixture in Philadelphia’s real estate market since 1997, Jones Lang LaSalle has continued to expand throughout the region by adding offices in Harrisburg, King of Prussia and Cherry Hill, NJ. With 280 employees based here regionally, the firm currently manages more than seven million square feet of industrial space, nearly seven million square feet of office space and leases more than 11 million square feet of prime office and industrial space throughout the metro Philadelphia area.
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 70 countries from more than 1,000 locations worldwide, including 200 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 $45.3 billion of assets under management. For further information, please visit our website, www.us.joneslanglasalle.com.
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