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News release

Billercia and Bedford

Gale International and Mack-Cali Signs Leases Totaling 43,963 S.F. in 3/93 Greater Boston Portfolio


BILLERICA and BEDFORD, MA, February 2, 2009 - Jones Lang LaSalle, a leading real estate and financial services company, completed three lease transactions for a combined 43,963 square feet of office space in Gale International and Mack Cali's 3/93 Greater Boston Portfolio. Lockheed Martin leased 13,910 s.f. on the first floor at 3 Federal Street in Billerica. Vertica Systems, Inc. leased 19,537 s.f. on the first floor at 8 Federal Street, Billerica and a 10,516 s.f. lease was signed by Insulet Corporation on the first floor of 7 Oak Park in Bedford, MA.
 
Jones Lang LaSalle Managing Director Tamie Thompson, Vice President Flory McCarthy, and Assistant Vice President Tyler Spring represented the owner in all three transactions. Senior Vice President, Dan Cordeau and Vice President, Matt Sonne at Jones Lang LaSalle negotiated for Lockheed Martin while Roy Hirshland and Michael Taylor from T3 Realty represented Vertica Systems, Inc. The 10,516 s.f. lease for Insulet Corporation was negotiated by Michael Dalton of DTZ FHO Partners.
 
3 Federal Street is a three-story, 90,216-square-foot, fully renovated office and flex building conveniently located at the intersection of Route 3 and Concord Road. Renovations include: a new roof, updated lobby and entryway, new HVAC systems and landscaping upgrades.8 Federal Street is an 80,000 s.f., two-story building with flexible 40,000 s.f. floor plates and abundant natural light. 7 Oak Park is a two-story 40,000 s.f. building conveniently located off the Middlesex Turnpike with quick access to I-95 and Route 3. 3/93 Greater Boston Portfolio consists of 667,925 s.f. strategically located in the heart of New England's suburban office market - Bedford, Billerica and Andover Massachusetts.
 
"Gale's strong reputation, multiple floor plate options and flexible lease terms attracted all three tenants to this area," said Jones Lang LaSalle's Spring. "Their deep experience and understanding of the current real estate climate helps immeasurably when working with tenants to pinpoint their real estate needs."
 
Bob Maloney, Executive Vice President of Gale International, said: "The 3/93 Portfolio is well positioned in the market, driving strong interest and activity from tenants looking for both location and value. We are extremely pleased with the depth and performance of the Jones Lang LaSalle team, and their ability to deliver quality tenants and quality deals for our suburban Boston properties."
 
About Lockheed Martin
 
Lockheed Martin is a global security company specializing in providing solutions to the most complex and challenging technological issues in Aeronautics, Electronic Systems, Information Systems & Global Services, and Space Systems. Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainability of advanced technology systems, products and services.
 
About Vertical Systems Group
 
Vertical Systems Group is recognized worldwide as a leading market research and strategic consulting firm specializing in defensible quantification of the networking industry.
 
About Insulet Corporation
 
Founded in August 2000, Insult Corporation is a privately-held, innovative diabetes management company dedicated to providing superior treatment options and lifelong health benefits for people with diabetes. Insult Corporation's first commercial product, the Omni Pod Insulin Management System, has been specifically designed to break down the barriers to CSII therapy, improve health outcomes, and make diabetes a smaller part of life for diabetes patients.
 
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 $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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