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Windsor CT office building now 94% leased
BOSTON, December 10, 2012 — Jones Lang LaSalle began representing owner Gold Ring Holdings LLC as the leasing agent, construction manager and property manager for 100 Corporate Drive in Windsor, CT in May of 2011. Since then a far reaching capital improvements program was completed. The revitalization, combined with a marketing campaign, added significant value resulting in over 23,000 square feet of new leases. The two story 69,300-square-foot Class A office building has gone from 59% to 94% leased.
Recently completed renovations include: new building lobbies, common areas, and restrooms; a façade renovation; new storefront building entries; the upgrade and replacement of base building HVAC units. Tenant improvements were made for the Sedgwick Claims Services and Riley Power office spaces. The latest lease was with Riley Power for 7,800 square feet. Their first floor space serves as a new regional office. Other tenants in 100 Corporate Drive include: ADP, HMS Business Services, and Oxford Global.
“The lobby renovations at 100 Corporate Drive will enhance the property’s image as a quality Class A suburban Hartford office building,” said Gold Ring Holdings Asset Manager Heather Huber. “The Jones Lang LaSalle team’s recommendations and the execution of their strategy added tremendous value to the asset.”
According to Jones Lang LaSalle Executive Vice President Shawn McMahon: “The improvements made to the asset, its location, and building efficiency appeal to a wide spectrum of user types and sizes. Coupled with strong ownership, our combined team fully expects the asset to be 100% leased in the near term.The building was developed in 1984. It is conveniently located just off I-91 at Exit 38. The Jones Lang LaSalle Construction team is comprised of: Senior Vice President and Project Executive Barrie Ferraro; Assistant Vice President and Construction Manager Jamie Audette; Construction Project Superintendents Keith Pearson, John Kirk, and Walter Shwert. The property manager is Assistant General Manager Michelle Harper.About Jones Lang LaSalle ConstructionJones Lang LaSalle offers comprehensive services as a construction manager, general contractor and design/builder, completing over 500 diverse assignments annually. With a service reach throughout New England, the Mid-Atlantic, mid-West and the West Coast, Jones Lang LaSalle constructed $145 million in 2011. Delivering construction solutions to an extensive roster of Life Sciences, Higher Education, Government, Corporate, Industrial, Technology, Hospitality, and Residential/Retail clients, assignments range from smaller interior fit outs to $100 million mixed-use developments. Their on line portfolio can be viewed at www.us.joneslanglasalle.com/boston/construction.About Jones Lang LaSalleJones 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.
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