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News release

CHARLOTTE, NC

Jones Lang LaSalle Selected to Lease North Carolina Research Campus in Kannapolis, NC


CHARLOTTE, Sept. 2, 2011 — Developers of the North Carolina Research Campus, Castle & Cooke NC, have selected Jones Lang LaSalle as the exclusive leasing agent for the one million-square-foot research facility focused on biotechnology, nutrition and health. The state-of-the-art facility in Kannapolis, NC is home to tenants such as top research universities Duke, UNC Chapel Hill, and UNC Charlotte as well as food companies General Mills and Monsanto.

“We now a have critical mass of tenants and people at the campus so it makes sense to bring on a company like Jones Lang LaSalle to help us market the real estate offerings,” says Clyde Higgs, Vice President, Business Development at Castle & Cooke NC. 

Jones Lang LaSalle’s Eric Parris, Chris Skibinski and Lee Allen will lead leasing efforts at the campus.

The current vacancy rate at the campus is 15 percent, with available space in the Core Lab building and build-to-suit opportunities. The site is being developed over the coming years with plans for office, residential, a hotel and retail properties.  Next year a 65,000-square-foot medical office building will be completed and available for lease.

“This modern research campus offers tenants cutting edge laboratories and $150 million worth of state-of-the-art equipment as well as great amenities,” said Chase Monroe, Jones Lang LaSalle’s Market Director for the Carolinas. “It has a very strong tenant base, a great mix of academic and private sector tenants.  It also has a very convenient location just 26 miles north of Charlotte.”

The 350-acre development includes research and lab facilities, office space and infrastructure designed to support collaboration and convenience. It has 700,000 square feet of lab space, a retail village, planned space medical office space, a future hotel and conference center, and land for industrial/manufacturing use.

Jones Lang LaSalle has operated in the Carolinas since 1999, managing local transactions and properties on behalf of clients headquartered across the region from its offices in Charlotte and Raleigh. Its property expertise ranges from corporate headquarters to data centers and from industrial properties to bank branches.  Jones Lang LaSalle leases more than 3.6 million square feet in the Charlotte region and manages 31.3 million square feet of assets across the Carolinas.

About the NC Research Campus
The North Carolina Research Campus is a world class facility, created by David Murdock, where industry and academic scientists from across the globe are coming together to drive innovation and discovery at the intersection of nutrition, human health and agriculture. Currently the NCRC is home to Appalachian State University, Duke University, North Carolina A&T University, North Carolina Central University, NC State, UNC Chapel Hill, UNC Greensboro, UNC Charlotte and Rowan Cabarrus Community College. Other partners include Labcorp, Sensory Spectrum, Carolinas Healthcare System, Carol Zeiss Imaging, Lovelace Research Institute, Dole Nutrition Institute and David H. Murdock Research Institute. www.ncresearchcampus.net; www.dhmri.org
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 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.