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News release

JACKSONVILLE, FL

Jones Lang LaSalle to Market 516-Acre Site for Lease or Sale near Port of Jacksonville

Prime industrial waterfront acreage available to complement container and bulk operations at growing Southeast port


JACKSONVILLE, Sept. 29, 2011 — Jones Lang LaSalle has been awarded an assignment to represent the owners of a 516-acre waterfront and industrial site near the expanding Jacksonville Port Authority (JAXPORT) terminals along the St. Johns River. The site, owned by Bostwick Family Lands, is available for sale or ground lease.

Steve Grable, Senior Vice President of Jones Lang LaSalle’s Ports, Airports and Global Infrastructure team will spearhead the marketing efforts for the 516-acre site.

Located within three miles of JAXPORT’s three major cargo terminals, the site includes an 89-acre land parcel served by CSX rail lines with direct access to the St. Johns River. With its proximity to the JAXPORT terminals and convenient access to I-95 and State Route 9A, the entire site is strategically positioned for trucking operations serving markets in Florida and along the Eastern Seaboard.

“The land is ideally positioned close to the Port of Jacksonville and offers multi-modal opportunities for shippers or distributors,” said John Carver, Executive Vice President in Jones Lang LaSalle’s Port, Airport and Global Infrastructure group. “It will give maritime users the opportunity for both private ownership and operation.

“We think this will have special appeal to a large number of marine and rail applications.  The site has the capacity to accommodate a wide variety of operations, including manufacturing, cold storage, fuel bunkering, automotive and/or equipment transport, raw materials, green technologies, break-bulk and chemical storage,” said Carver
JAXPORT is investing in major capital improvement projects that will boost cargo-handling capabilities and allow the port to serve the larger container ships from Asia following the Panama Canal expansion. The upgrades include JAXPORT’s new TraPac Container Terminal, which serves Tokyo-based shipping line MOL, and the ongoing construction of a $300 million terminal that will serve Seoul, Korea-based Hanjin Shipping Company.  The Bostwick Family Land’s site is within a few miles of these operations.

Jones Lang LaSalle’s experienced team of aviation and maritime real estate experts draw upon deep, real-time knowledge of the trends, challenges and opportunities surrounding seaport and airport developments throughout the world. Working alongside in-house professionals in supply chain management, strategic consulting, capital markets, investment banking, international business, and project and development services, Jones Lang LaSalle’s Port, Airport and Global Infrastructure practice delivers measureable value to port-centric projects.

Jones Lang LaSalle has approximately 526 employees providing real estate expertise across all major markets in Florida including leasing, both tenant and landlord representation, property management, project and development services and investment sales. Jones Lang LaSalle’s Florida leasing and management portfolio has more than doubled in the past year to 23 million square feet which includes some of the state’s most iconic buildings.  The firm was recently named one of ‘Florida’s Best Companies to Work For’ by Florida Trend magazine.

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 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.joneslanglasalle.com.