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News release

SAN DIEGO, CA

Jones Lang LaSalle Negotiates Two Leases on Behalf of Harsch Investment Properties in San Diego


SAN DIEGO, Nov. 13, 2012 – Jones Lang LaSalle’s brokerage team completed two leases totaling 41,691 square feet of space, representing the landlord Harsch Investment Properties, in both transactions. 

  • Eastman Kodak Company leased 16,107 square feet of space at Carmel Corporate Plaza, located at 15015 Avenue of Science in San Diego’s Carmel Mountain Ranch. Jones Lang LaSalle’s Managing Director Jay Alexander and Senior Vice President Ryan Grove negotiated the lease on behalf of Harsch. Chris Pascale of CBRE represented the tenant. The 24-month lease is valued at $922,000. Carmel Corporate Plaza features large, open floor plates of 10,000 to 40,000 square feet with expansive windows and 11-foot ceilings.
  • LifeProof leased 25,584 square feet of space at Avenue of Science Center, located at 15110 Avenue of Science in San Diego. Jones Lang LaSalle’s Managing Director Jay Alexander and Senior Vice President Ryan Grove negotiated the lease on behalf of Harsch. Randy LaChance and Jonathan Danton of Voit Real Estate Services represented the tenant. The 36-month lease is valued at $915,000. Avenue of Science Center offers large floor plates, easy freeway access and close proximity to hotels, major retail and restaurants.

Earlier this year, Alexander and his team negotiated a deal on behalf of Harsch the State of California for 25,728 square feet at Carmel Corporate Plaza and with Ideal Industries for 17,466 square feet at Avenue of Science Center. The most recently leases with Eastman Kodak Company and LifeProof bring these two properties, both located on Avenue of Science, to more than 95 percent leased.

Jones Lang LaSalle is a leader in the San Diego commercial real estate market. The firm employs approximately 120 of the area’s most recognized industry experts offering services in brokerage, capital markets, facility management and project development services. In 2011, the San Diego team completed 3.74 million square feet in lease transactions and directed $34.5 million in project management and currently leases and/or manages more than 5.5 million square feet in the market.

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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 billion of assets under management. For further information, please visit www.joneslanglasalle.com.