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News release

Chicago

Jones Lang LaSalle Seeks Buyer for One-of-a-Kind Property in Charlotte Area

Philip Morris USA Manufacturing Campus Entails 3.3 MSF on 2,100 Acres


CHARLOTTE, May 7, 2009 — Jones Lang LaSalle, the leading financial and services firm specializing in real estate, has brought to market a property outside Charlotte, N.C., with 3.3 million square feet of industrial space on 2,100 acres of pristine land, presenting buyers with a rare opportunity to control such a large land parcel and a high-quality facility in one of the country’s most dynamic regions.
 
Philip Morris USA retained Jones Lang LaSalle to market its Cabarrus manufacturing campus in Concord, N.C., just four miles from I-85 and adjacent to the planned George Liles Parkway. The site includes a 2.3 million-square-foot manufacturing facility with pre-cast walls, excellent clear heights, wide column spacing and parquet floors, as well as one million square feet of distribution space in seven buildings.
 
In addition to the existing facilities, the site includes more than 1,500 developable greenfield acres that can support a variety of uses, with land located along both sides of a heavily trafficked Highway 29 corridor. The facility is located in proximity to Lowe’s Motor Speedway and Concord Mills Shopping Center.
 
“The Charlotte region is on a long-term growth path, and the opportunity for a buyer to control a parcel of developable land this large, plus a manufacturing distribution campus of this quality, is extremely rare,” said Scott Miller, Managing Director at Jones Lang LaSalle. “We are marketing the site to a wide range of local, national and international investor and occupier contacts, and expect to see a high level of interest in this property.”
 
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide.  In the Charlotte area, Jones Lang LaSalle provides leasing, management and investment sales for over 20 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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