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Portland’s Johnstone Supply Renews 124,000 SF Lease to Remain in Airport Way Submarket
PORTLAND, Ore., March 29, 2013 — Jones Lang LaSalle (JLL) represented Johnstone Supply, Inc., in the renewal of its 124,610 square feet office and warehouse lease at 11632 NE Ainsworth Circle in Portland.
Tyler Sheils and Kevin Kriesien of JLL’s Portland office and Brian Leonard of the firm’s Cincinnati office represented the tenant. The landlord, Industrial Income Trust, was represented by Scott Kappes of Capacity Commercial Group.
The property, which sits close to Airport Way in the city’s NE/Columbia Corridor submarket, houses the wholesale HVAC products and parts supplier’s corporate headquarters and Portland distribution center, one of six regional distribution centers operated by the nationwide company. A little less than 30,000 square feet of the leased space accommodates the tenant’s corporate office with the remainder used as distribution facilities.
Tyler Sheils was one of 10 industrial market brokers named by CoStar as Portland Power Brokers in 2012. Brian Leonard was similarly recognized by CoStar in the Cincinnati market. Jones Lang LaSalle was also recognized by CoStar as one of the top leasing firms in Portland in 2012.
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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.
Andrew Neilly/Tim Gallen
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