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News release

BOSTON, MA

Jones Lang LaSalle Closes Sale of Reading Commons

Henderson Global Investors sells luxury complex


BOSTON, Dec. 18, 2013  — Jones Lang LaSalle’s Capital Markets experts today announced the sale of Reading Commons, a 204-unit luxury apartment community located 10 miles north of Boston in Reading, Mass. Institutional investors advised by J.P. Morgan Asset Management purchased the property from an affiliate of Henderson Global Investors.

Senior Vice Presidents Michael Coyne, Travis D’Amato and Jonathan Schneider led the JLL team on the transaction, along with Associates Kevin Gleason and Brendan Shields. 

“This is an outstanding property, a core, high-end product that was the subject of intense interest in the marketplace,” D’Amato said. “With its excellent location and the robust health of the local apartment market, there is every reason to believe this prime asset will be a top performer for years to come.”

Built in 2006, Reading Commons is near the intersection of Route 128 and Interstate 93. Amenities include best-in-class finishes, a heated pool with grilling area, fitness center, movie theater, underground parking for 62 vehicles and 30 detached garages.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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 $46.7 billion of real estate assets under management. For further information, visit www.jll.com.