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News release

Amherst, NY

Jones Lang LaSalle Brings Buffalo Data Center to Market

Tier II+ facility offers significant in-place incentives at a discount to replacement cost


AMHERST, NY AUG. 12, 2009 — Jones Lang LaSalle, the leading financial and services firm specializing in real estate, announced today that it has put forth a robust Tier II+ data center facility for sale for an undisclosed client.  The 59,280-square-foot facility is located at 191 Park Club Lane in the suburban Buffalo submarket of Amherst in Western New York State.  It is leased through March 2011.
 
Leading the Jones Lang LaSalle team on this assignment is John Jugl, Jr., Executive Vice President, and Cheri Pierce, Vice President.
 
“We expect to see interest from a wide range of investors and corporate users as the demand for data center space has far exceeded supply in the last few years and this facility, in particular, presents a unique opportunity to acquire a purpose built facility with significant in-place economic incentives at a discount to replacement cost,” said Jugl.
 
Built in 2001 and expanded in 2006, the facility is improved with 32,082 square feet of raised flooring in two data center pods. It also offers dual 13,200V feeds from two distinct power generation facilities and has a proven track record of performance with 100 percent uptime since coming online.  The property sits on 8.9 acres of land, with nearly half of that available for expansion. It is strategically located just five miles from the Buffalo Niagara International Airport, and 10 miles from downtown Buffalo. 
 
Jones Lang LaSalle Capital Markets is composed of a broad range of real estate investment debt and equity specialists, and corporate finance experts, working on all property types and in all the major national markets on behalf of major institutional and local investors and developers, as well as corporations.  The firm's Capital Markets professionals are highly skilled at pinpointing and tailoring the right capital solutions for each of these client's needs.   The Investment Sales teams assist investors in developing and executing asset recapitalization strategies for office, industrial, retail, multifamily, healthcare and seniors housing product. The firm’s Real Estate Investment Banking experts raise debt and joint venture equity for investors and developers, and provide derivatives structuring and loan sale advisory services.  The Corporate Capital Markets professionals help corporations develop and execute strategies that bridge their occupancy, capital deployment and financial reporting objectives for their facility portfolios.  The Development and Asset Strategy team specializes in the sale of non-income-producing properties in their various forms from vacant buildings to raw land to entitled parcels and partially completed subdivisions.  The firm's Value Recovery Services assist clients affected by the current financial crisis by creating value while managing risks through evaluating operational and occupancy needs, assisting with challenged assets and liabilities on their balance sheets, providing receivership services, asset management, raising capital through sales-leasebacks and providing leasing and recapitalization strategies for distressed assets. In the past two years, the firm’s Capital Markets team handled $117 billion of transaction volume.
 
About Jones Lang LaSalle
 
Jones 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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 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 more than $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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