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News release

Boston

Leggat McCall Properties and Dead River Properties Appoint Jones Lang LaSalle Leasing Agent at Ames Pond Corporate Center


BOSTON, July 20, 2009 — Leggat McCall Properties LLC, in joint venture with Dead River Properties, LLC, has named Jones Lang LaSalle leasing agent at Ames Pond Corporate Center in Tewksbury, MA. The 154,200 square foot first class office park, and a permitted land parcel that can accommodate up to 150,000 square feet of commercial development, is set in a natural business environment overlooking Ames Pond at the interchange of I-495 and Route 133.
 
The two-buildings at 100 and 200 Ames Pond are currently 89% leased to seven tenants. Six new leases totaling 137,000, including Starent Networks’ recent 37,000 square foot renewal and expansion at 200 Ames Pond, have been executed since June 2007.
 
Built for MetLife in 1988, amenities at Ames Pond Corporate Center include mature woodlands, jogging trails, men’s and women’s locker rooms with showers, and food service on site operated by Rebecca’s Café. Recent capital improvements have been made with new roofs, roof top HVAC units, lobby renovations, bathroom upgrades, a Honeywell EMS, and exterior upgrades throughout.
“This is one of the most attractive office parks north of Boston,” said Bill Gause, Senior Vice President for Leggat McCall Properties. “It has performed exceedingly well in its asset class. We’ve retained Jones Lang LaSalle’s North leasing team because of its success here, and the high caliber of tenants they have attracted.”
 
According to Peter Richardson, Senior Vice President at Jones Lang LaSalle: “Companies have always benefitted from Ames Pond Corporate Center’s majestic setting and convenient access. They enjoy a professional, first class experience here. Leggat is a mainstay New England owner who will capitalize on the park’s tremendous upside potential.”
 
Working with Mr. Richardson on the marketing will be Vice President Flory McCarthy and Assistant Vice President Troy Coady.
 
Current tenants at Ames Pond Corporate Center include: Starent Networks; Amperion, Inc.; Cambridge Heart; Getronics; MetLife, Inc.; WellPet; and X-Rite.
 
About Leggat McCall Properties
 
Established in 1965, Leggat McCall Properties is a leading real estate developer, owner and project manager in the Northeastern United States. Based in Boston, the privately held firm has acquired and developed in excess of 10 million square feet of office, lab, industrial and residential space with an aggregate value in excess of $2.5 billion. The firm also provides project management services to institutional and private clients for a wide range of project types including hospitals, medical office, museums, dormitories, hotel, office, lab, residential and religious institutions. The aggregate value of the firm’s third-party development work completed to date is in excess of $3 billion.
 
About Dead River Properties
 
The real estate division of Dead River Company, known as Dead River Properties, was established in 1981 with the objective of investing proceeds from sales of timberland in high quality retail, office, and industrial space. Since its inception, the Properties Division has acquired and/or developed, leased and asset managed over five million square feet of investment quality space in New England, the Mid Atlantic and the Southeast. The portfolio today is approximately 2.5 million square feet.
 
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.