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News release

Boston, MA

Jones Lang LaSalle Completes the Sale of Signature Office Park in Beverly


BOSTON, December 22, 2011Jones Lang LaSalle today announced the sale of Signature Office Park located at 50 Dunham Road on Route 128 in Beverly, Mass., to Cummings Properties.  The sale price was not disclosed.

The Jones Lang LaSalle Boston team of Managing Directors Tamie Thompson and Scott Jamieson along with Senior Vice President Peter Richardson sold the asset on behalf of owners Fifty Dunham Road, LLC.

Signature Office Park was originally designed as a corporate headquarters business campus for Parker Brothers. The contemporary 103,000-square-foot first class office building is surrounded by woodlands adjacent to the rejuvenated North Shore Music Theatre. The four-story building is nestled within a 54-acre natural setting of lawns and a pond. It features distinctive construction and design aesthetics, quality architecture and finishes, a three-story atrium lobby with skylight, and a grand steel-framed staircase.

The layout is a mix of offices, open space, a penthouse suite of executive offices, and presentation rooms. Recent capital improvements include lobby renovations, bathroom upgrades, and a new park signage system. Parking for 428 vehicles surrounds the building.

The Park is easily accessible via I-95, I-93 and Route One and it has more than 4.5 million square feet of amenities including the North Shore Shopping Center and Liberty Tree Mall within a five minute radius. Two commuter rail stations serving North Station and Beverly Airport are nearby.

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 $47.9 billion of assets under management. For further information, please visit our website, www.us.joneslanglasalle.com.