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Zebra Technologies to Take Occupancy of New Corporate HQ in March
CHICAGO, January 29, 2009 – Jones Lang LaSalle, the leading integrated financial and professional services firm specializing in real estate, today announced that Zebra Technologies signed a lease for 44,400 square feet of space at 475 Half Day Road, a 142,000-square-foot office building located within the 70-acre Millbrook Business Center in Buffalo Grove/Lincolnshire. The Lincolnshire office will serve as its new corporate headquarters to house senior executives and corporate functions. Zebra’s North American sales, marketing and operations groups, Cless Technology Center and distribution functions will remain in Vernon Hills.
Dan Fernitz and John Clark of Jones Lang LaSalle are the exclusive leasing agents for the Class A office building and represented building ownership, Millbrook Real Estate Company, during lease negotiations. Zebra Technologies was represented by Scott Brandwein and Sean Kropke of CB Richard Ellis.
“This outstanding building offers both large and small tenants state-of-the-art technology, flexible floor plates, and a variety of on-site amenities including covered parking and food service,” explained Mr. Fernitz.
“We are pleased to move into the Millbrook property,” commented Mike Smiley, CFO of Zebra. “The space is in excellent condition and is nicely configured for our corporate offices. This will provide expanded space for our personnel and require minimal build-out for our occupancy.”
Added Bruce Hecktman, President of Millbrook Real Estate Company, “We are pleased to welcome Zebra Technologies to 475 Half Day Road and are thrilled that our building’s quality, location and amenity package fit their needs.”
About Millbrook Real Estate Company
Millbrook Real Estate Company is a privately funded owner, developer and manager of commercial real estate and is committed to growth through the acquisition of office and industrial properties in the Chicago area. For further information, visit www.millbrookrec.com.
About Zebra Technologies
Zebra Technologies Corporation improves customers’ business performance through products and solutions that identify, track and manage assets, transactions and people. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at www.zebra.com.
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 2007 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 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 more than $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
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