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KMM takes majority of space in Class A warehouse property at 21 Constitution Avenue in Piscataway
PISCATAWAY, N.J., Oct. 29 2012 — Jones Lang LaSalle (NYSE: JLL) today announced that it has completed a long-term sublease agreement with KMM Telecommunications, Inc. for 195,555 square feet of warehouse space at 21 Constitution Avenue in Piscataway, N.J.
Founded in 1991, KMM provides supply chain services to the communications industry. The privately held company is headquartered in Fairfield, N.J.
The Jones Lang LaSalle team of Executive Vice President Frank Truesdell, Managing Director Joel Lubin and Vice President Brian Cass represented the property’s sub-landlord, Verizon New Jersey, Inc. KMM was represented in-house by President of Business Operations John Campanelli.
With this transaction, approximately 92,000 square feet of space remains available for lease at the property.
“This Class A facility provides a strong corporate image and is ideal for a fast-growing company such as KMM,” Truesdell explained. “The firm will also benefit from the building’s functionality and the site’s excellent location, which provides easy access to the entire tri-state area.”
“All of the parties involved in this transaction worked diligently to make this deal work and create a positive result. We are very pleased that we were able to close this sublease on behalf of Verizon.” Cass added.
Developed to Verizon’s specifications in 2004 and located in a corporate park environment on a 20- acre tract of land, 21 Constitution Avenue totals 288,115 square feet. It is fully fenced and features 18,900 square feet of finished office space, 32-foot-clear warehouse, 50-by-50 column spacing, cross-dock loading capabilities, a three-bay truck service center, an Early Suppression, Fast Response (ESFR) sprinkler system and ample automobile and trailer parking.
The building is conveniently located between Exits 6 and 7 of 1-287 and approximately nine miles to exit 10 of the New Jersey Turnpike providing easy accessibility to all of the greater New York – Jersey marketplace.
In New Jersey, Jones Lang LaSalle is a leader in commercial real estate brokerage, project management and investment sales. Employing more than 600 of the region’s most respected industry experts, the firm offers Office and Industrial Brokerage, Tenant and Landlord Representation, Project and Development Services, Property Management, and Capital Markets services to its clients in New Jersey. The operations also serve as the local service provider for the firm’s global and national corporate clients that have a presence in New Jersey.
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About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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