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News release

Vernon, CA

Jones Lang LaSalle Completes 129,544-SF Industrial Lease with Mola, Inc., in Vernon, Calif.


VERNON, CALIF., Mar. 5, 2012Jones Lang LaSalle announced today that it has completed a new five-year lease with Mola, Inc., a full-service manufacturer of garment products, for 129,544 square feet of industrial space, including 25,000 square feet of office space, at a single tenant building located at 2957 E. 46th Street in Vernon, Calif. 

Jones Lang LaSalle’s Managing Director Paul Sablock and CBRE's First Vice President Greg Stanton represented the landlord, Karney Management.  Mola was represented by Doug Cline of Lee & Associates.

"The Los Angeles Central industrial submarket, which includes Vernon, outperformed most areas in the county in 2011 with year-end vacancy of 3.5 percent and 1.2 million square feet of positive net absorption,” said Sablock. 

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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 2011 global revenue of $3.6 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 2.1 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 $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.