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News release

BOSTON, MA

Jones Lang LaSalle Executes 19,626 SF Lease at Penn Place in Framingham, MA


BOSTON, July 9, 2013 – Jones Lang LaSalle today announced that it has leased 19,626 square feet to uTest, Inc. at Penn Place, 100 Pennsylvania Avenue, Framingham, MA for a lease term of six years. Jones Lang LaSalle Managing Director Phil DeSimone, and Assistant Vice President Rob Mahoney represented the landlord, CommonWealth REIT. Brian McKenzie, Partner of Richards Barry Joyce & Partners, represented the tenant in this transaction. The property is managed by Reit Management & Research LLC, Real Estate Services.               

Fully renovated in 2007 and originally constructed in 1982, Penn Place offers tenants and their visitors with unmatched accessibility from points north, south, east and west and lies within the hotbed of MetroWest’s commercial activity. With a prime location at the crossroads of the Mass Turnpike and Route 9 at Exit 12, as well as easy access to Route 128 and Interstate 495, Penn Place offers first-rate accessibility and top-notch visibility.

Ideally situated in picturesque Framingham, Massachusetts, the building is only 25 minutes west of Boston and 30 minutes east of Worcester. Well-designed floor plates offer maximum flexibility, while continuous ribbon windows provide an abundance of natural light. And recent building improvements, including a new lobby and upgraded landscaping, make a great first impression on visitors. Nearby amenities include numerous restaurants, a health club and the Sheraton Hotel.

CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office and industrial properties located throughout the United States. As of June 30, 2012, CWH owned $7.4 billion of office and industrial properties with approximately 70.3 million square feet located in 31 states, Washington, D.C. and Australia. CWH is headquartered in Newton, Massachusetts. Reit Management & Research LLC, Real Estate Services, also headquartered in Newton, Massachusetts, manages more than 93 million square feet of commercial office, industrial, and medical office buildings across the country.

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 and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.