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EAST RUTHERFORD, NJ

Jones Lang LaSalle Selected by Griffin Capital to Lease, Manage 120 Eagle Rock Avenue

Firm to provide agency leasing, property management services for Griffin Capital at Class A, 177,820-SF office building in East Hanover, NJ


EAST RUTHERFORD, NJ, January 31, 2014 — Jones Lang LaSalle was selected by Griffin Capital Corp. as exclusive leasing agent and property manager for 120 Eagle Rock Avenue in East Hanover, N.J. The firm will provide a full range of property management and transaction services at the Class A, 177,820-square-foot commercial office building.

The JLL team handling the new agency leasing assignment will be led by Dennis McConnell, executive vice president, along with Dan Spero, associate. Property management services will be led by Beth Pereira, group manager, supported by Mary Oppel, general manager. The team will work closely with Scott Tausk, managing director of asset management, at Griffin Capital.

“Griffin Capital selected JLL to market and lease up its newest acquisition in New Jersey because of our past experience at 120 Eagle Rock Avenue,” said McConnell. “Griffin Capital has just launched a capital improvement program to further enhance the property, which is already considered a premier office building in the Route 280 Corridor submarket. The infusion of new capital will provide tenants with exceptional office space at attractive leasing rates.”

“This assignment marks the second recent acquisition in New Jersey that Griffin Capital has entrusted to our property management team,” said Linda Aronson, managing director and head of property management for JLL’s suburban tri-state markets. “JLL’s deep platform melds well with the owner’s approach to creating value for its assets. Due to Griffin Capital’s confidence in our high level of service in New Jersey, the firm is discussing expanding its relationship with JLL in other markets around the nation.”

Griffin Capital acquired 120 Eagle Rock Avenue from Columbia Property Trust in early November 2013 as part of an 18-building nationwide portfolio acquisition. Prior to the sale, JLL had served as leasing agent at the property for the previous owner. The three-story office building, also known as Eagle Rock Executive Office IV, is located at the intersection of Ridgedale and Eagle Rock avenues in East Hanover, N.J.

Constructed on 15.25 acres of land in 1990, 120 Eagle Rock Avenue offers floor plates of 58,641 square feet to 65,000 square feet. It features a granite and reflective-glass curtain wall façade; a two-story atrium lobby with a waterfall; and a full-service, 4,900-square-foot cafeteria, which includes WiFi and conferencing capabilities. The surrounding property has an outdoor walking path around a naturalized pond, along with 600 parking spaces and plentiful exterior lighting.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 500 professionals and support staff providing agency leasing, tenant representation, industrial services, strategic consulting, project and development services, property management and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as local service provider for JLL global and national corporate clients in need of real estate assistance in New Jersey.

About Griffin Capital Corp.
Griffin Capital Corporation (“Griffin Capital") is a privately-held, Los Angeles headquartered investment and management company with an 18-year track record sponsoring real estate Investment vehicles and managing institutional capital. Led by senior executives, each with more than two decades of real estate experience who have collectively closed transactions representing over $16 billion in value, Griffin Capital and affiliates have acquired or constructed over 28 million square feet of space since1995, and currently own, manage, sponsor and/or co-sponsor an institutional-quality portfolio of more than 26.08 million square feet located In 32 states, representing approximately $4.7 billion In asset value.

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 $4.0 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 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.