Skip Ribbon Commands
Skip to main content

News release

San Francisco

Jones Lang LaSalle Renews Oldcastle Glass® Engineered Products’ Lease in Modesto, Calif.

Extends occupancy of 64,000 SF manufacturing facility at 812-816 Kiernan Avenue


SAN FRANCISCO, June 22, 2009 – Jones Lang LaSalle announced a renewal of Oldcastle Glass Engineered Products’ lease at 812-816 Kiernan Avenue in Modesto.   A subsidiary of Oldcastle Inc., the firm features the most comprehensive collection of fully-integrated, best-in-class curtain wall, storefronts, windows, architectural glass and skylights from one source.
 
The lease renews the tenant’s occupancy of 64,100 s.f. at the property.  The Modesto location is one of several manufacturing facilities operated by the company in the United States.
 
The Northern California Industrial team of Jason Ovadia and Kevin Ahaesy of Jones Lang LaSalle represented Oldcastle Glass®, North America’s leading supplier of architectural glass and aluminum glazing systems used to close the building envelope.
 
Brandon Farrell of Hall Equities Group represented the landlord, California-based Libitzky Holdings, LP.
 
Jason Ovadia of Jones Lang LaSalle commented, “With the current economic climate, 2009 is an opportunistic time for tenants to capture value in their real estate.  By extending the term of lease commitments, tenants realize an immediate savings while allowing landlords the benefit of longer term tenancy.”
 
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. 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 $41 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619