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News release

RICHMOND, VA

Two Leases Fill 280,000 SF at White Oak Distribution Center in Sandston, VA

IndCor, JLL Reposition Property for Multi-Tenant Use


RICHMOND, VA, JULY 30, 2014 -- JLL announced today that Chicago-based IndCor Properties Inc. has signed two tenants to new leases totalling more than 280,000 square feet at the White Oak Distribution Center complex in the East End/Airport submarket of Richmond.

Premier Fixtures, which designs, engineers and manufactures fixtures and displays to support retail stores, has leased 161,445 square feet in Building 300. Syncreon USA, a Michigan-based provider of integrated logistics services to global industries, now occupies 120,000 square feet in Building 100.

"We were brought on last fall to advise on this Class A facility after Hewlett Packard gave back nearly 370,000 square feet of space," said JLL Vice President Scott Keeton, who with Managing Director Charlie Polk and Senior Vice President Jimmy Appich represented IndCor on these lease transactions. "Thanks to its strong ownership group, we were able to reposition the property and aggressively market it for multi-tenant use. The landlord experienced virtually no downtime."

Two miles from I-295 and 3.4 miles from I-64, the White Oak Distribution Center complex is a three-building, Class A distribution warehouse located at 7001 Technology Blvd. in Sandston, VA, a Richmond suburb adjacent to the Richmond International Airport. The secure facilities offer 32’ clear heights, 50-foot by 50-foot column spacing and expansion opportunities.  JLL is currently working to fill the remaining 88,555 square feet which is one of only a few large, class A industrial spaces currently available in the Richmond area. 

About IndCor
IndCor Properties, Inc. (IndCor) is one of the largest real estate companies in the United States focusing on the ownership and management of industrial properties. As a comprehensive real estate operator, IndCor currently owns and manages approximately 118 million square feet located in over 29 key logistics markets in 24 states. IndCor is headquartered in Chicago, Illinois.
IndCor was formed in 2010 as a portfolio company of The Blackstone Group, one of the world’s largest alternative asset managers and advisory firms. To learn more, visit www.indcor.com.

About JLL
JLL (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 fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. For further information, visit www.jll.com. ​