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News release

BOSTON, MA

Jones Lang LaSalle Closes Sale of 98 George P. Hassett Drive in Medford

Chesterton Capital purchases the 16,308 sf office building from Springstep Foundation


BOSTON, October 24, 2013— Jones Lang LaSalle announces that the firm has closed the sale of 98 George P. Hassett Drive in Medford, MA on behalf of seller Springstep Foundation, Inc. The modern 16,308-square-foot first class office building was purchased by Chesterton Capital, LLC for $2,000,000.

Executive Vice President Ted Wheatley and Senior Vice President Dan Kollar led the JLL team. Chesterton Capital was represented by NAI Hunneman Executive Vice President and Principal Trey Agnew and Senior Vice President Scott Dragos.

The four-story building with covered parking is located at the intersection of Route 60 and I-93 in Medford Square across from Medford City Hall. It features quality finishes, cutting edge architecture, a glass façade, and an abundance of natural light. Constructed in 2003, it was originally used as a community cultural center, and the buyer is considering converting into a mixed-use office and retail facility.

“The building’s convenient location and visibility from Route 93 in both directions were key factors in the transaction,” said Kollar. “The high traffic count makes it a perfect branding opportunity.”

About Springstep Foundation              
Springstep’s mission is to celebrate dance and music traditions from cultures around the world.

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 $46.3 billion of real estate assets under management. For further information, visit www.jll.com.