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Firm relocates and expands by nearly 50 percent
CARSON, CALIF., July 11, 2011 — Jones Lang LaSalle represented Herbalife International, Inc., in a 10-year lease for 148,908 square feet of industrial space at 18431 S. Wilmington within Dominguez Technology Center, a 438 acre master planned business center in Carson, Calif. The new facility represents a relocation of its west coast distribution center from an 82,471-square-foot building located at 922 E. 233rd Street in Carson.
Jones Lang LaSalle’s team of Mike McRoskey, Tim O’Rourke, Frank Scott and Barry Hill represented Herbalife in the transaction. The property owner, Watson Land Company, was represented in-house by Lance Ryan.
“The current economic conditions and our knowledge of local market dynamics allowed Jones Lang LaSalle to find a building that could accommodate Herbalife’s growth at favorable lease terms,” said McRoskey. “The South Bay continues to be a highly sought after location which witnessed a surge in net absorption and speculative development in the first half of 2011.”
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.us.joneslanglasalle.com.
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