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News release

SAN DIEGO, CA

Jones Lang LaSalle Negotiates Three Leases Totaling 46,687 SF for Landlords in San Diego County


​SAN DIEGO, Feb. 5, 2013 – Jones Lang LaSalle’s brokerage team recently completed three leases totaling 46,687 square feet of space.

  • Elizabeth Hospice leased 3,187 square feet of space at Carmel Valley Office Plaza, located at 15373 Innovation Drive in San Diego. Jones Lang LaSalle Managing Director Jay Alexander and Associate Chaneng Joe negotiated the lease on behalf of Arden Realty. The tenant was represented by Don Zech and Nick Zech of CDC Commercial. The 60-month lease is valued at $302,127.

  • Picture It On Canvas leased 33,652 square feet of warehouse space at 12525 Stowe Drive in Poway. Jones Lang LaSalle’s Jay Alexander and Senior Vice President Ryan Grove negotiated the lease on behalf of The French Company. The tenant was represented by Todd Murphy of Cassidy Turley. The 48-month lease is valued at $1.1 Million.

  • Millennium Laboratories, Inc. leased 9,848 square feet of warehouse space at Rancho Bernardo Distribution Center, located at 11035 Technology Place. Dave Harper of Colliers negotiated the lease on behalf of CWCA Rancho Bernardo 79, LLC. Jones Lang LaSalle’s Jay Alexander and Ryan Grove represented the tenant .The 38-month lease is valued at $253,088.

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 2012, the San Diego team completed 4.58 million square feet in lease transactions, directed $57 million in project management, currently leases 10.5 million square feet and has 5.5 million square feet under management.

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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.