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Jones Lang LaSalle backfills large block of space vacated by International Paper in Chester Virginia
RICHMOND, Va., March 20, 2013 – Jones Lang LaSalle (NYSE:JLL) announced today that Hill PHOENIX, Inc., leased 334,950 square feet at the former SuperValu distribution facility in Chester, Va. Hill PHOENIX is a leading designer and manufacturer of refrigeration and electrical equipment sold primarily to the supermarket industry.
Managing Director Charlie Polk and Assistant Vice President Scott Keeton of Jones Lang LaSalle represented SuperValu.
“This was among the largest transactions in the Richmond market last year and we are pleased to have assisted SuperValu backfill their space quickly so that there was no down time between tenants,” Polk said. “The negotiations had many moving parts, took almost a year to get done and had a very successful outcome for all involved.”
Located at 1101-1305 West Hundred Road in Chester, Va., the SuperValu Distribution Center is a 490,345-square-foot facility. The facility is less than a mile from I-95.
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About Hill PHOENIX Hill PHOENIX Inc., a Dover Company, is based in Conyers, Ga. The company designs and manufactures commercial refrigerated display cases and specialty products, refrigeration systems, integrated power distribution systems and walk-in coolers and freezers. Visit www.hillphoenix.com or call 800-283-1109 for more information.
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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