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News release

Boston

Jones Lang LaSalle Executes 3 Leases Totaling 21,851 S.F. at One Blackburn Drive in Gloucester


BOSTON, November 12, 2009 — Jones Lang LaSalle has completed three lease transactions over the last twelve months for a combined 21,851 square feet of first class medical office space at One Blackburn Drive in Gloucester, MA. The leases signed at this health and wellness center serving the Cape Ann area are: Cape Ann Medical Center Inc. for 16,161 square feet; Shaughnessy-Kaplan Rehabilitation Hospital, Inc. leasing 4,890 square feet; and Hearing Services of Cape Ann, Inc. for 800 square feet.
 
Senior Vice President Peter Richardson of Jones Lang LaSalle negotiated on behalf of the owner Charles T. Matses Nominee Trust. Peter also represented Hearing Services. McCall & Almy Executive Vice President James Canfield represented new tenants Cape Ann Medical Center and Shaughnessy-Kaplan Rehab.
 
“The lease with Cape Ann Medical started a wave of activity at the building from other health care providers,” said Charles Matses, Principal of Charles T. Matses Nominee Trust. “We are extremely pleased with Jones Lang LaSalle’s strategy and execution that brought us to this point.”
 
According to Peter Richardson: “We are confident that these tenants will benefit from the quality medical environment here. This recent success underscores the ownership’s commitment to creating a foundation for long-term business relationships.”
 
One Blackburn Drive is a two-story 33,367 square foot medical office facility in Blackburn Industrial Park. The building was formerly occupied by the National Oceanic and Atmospheric Administration. NOAA has moved to One Blackburn Drive within the Park.
 
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 2008 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 1.4 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 $37 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.