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News release

ATLANTA, GA

JLL Named Exclusive Leasing Agent for New Industrial Park in South Metro Atlanta

First phase of Lambert Farms Logistics Park, a MetLife-Panattoni development, set to open next year with completion of 750,000-square-foot spec building


ATLANTA, Oct. 23, 2014 - JLL’s Atlanta office today announced it was named exclusive leasing agent for Lambert Farms Logistics Park, a Class A, 447-acre industrial park being developed by MetLife Inc. and Panattoni Development Company, Inc. in Henry County, Georgia, approximately 25 miles south of downtown Atlanta.

Executive Vice President Wit Truitt, Senior Vice President Chris Tomasulo, Vice President Rodney Davidson and Associate Reed Davis will lead the JLL leasing team.

“The Lambert Farms Logistics Park is perfectly poised to thrive for years to come,” Truitt said. “Large blocks of Class A industrial space already are in short supply in metro Atlanta, and as the economy improves and distribution activity picks up, the demand for these kinds of properties will only rise. This assignment represents a tremendous opportunity for our team.”

Panattoni just broke ground on the master-planned industrial park’s first phase, which will consist of a 750,000-square-foot spec distribution center on 183 acres. The state-of-the-art building will feature 36-foot clear heights, abundant parking for tractor-trailers and cars to accommodate both e-commerce and traditional bulk tenants, and will be built to LEED standards. The building is slated to be delivered by July 2015.

Site plans allow the spec building to expand to up to nearly 1.5 million square feet. Overall, Lambert Farms Logistics Park will be able to accommodate up to seven million square feet of total distribution space and individual buildings up to two million square feet in size. The industrial park sits on the east side of the intersection of I-75 and SR 155.

“Panattoni has been an active developer in the Southeast with nine projects under construction totalling more than 5.8 million square feet,” said Dayne Pryor, Partner at Panattoni. “Nationwide, Panattoni is currently under construction on 39 projects totalling more than 16.5 million square feet.”

“We are excited to have JLL as the exclusive leasing agent for Lambert Farms,” said Whitfield Hamilton, Partner at Panattoni. “We have a long, successful history with JLL, including currently pursuing about four million square feet of build-to-suit opportunities in Nashville, Miami, Memphis and Greenville, South Carolina.”

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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 $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Panattoni Development Company
Panattoni Development Company Inc. is a privately held, full-service development company founded in 1986. The firm has completed in excess of 200 million square feet of commercial projects worldwide. PDC has developed industrial, office and flex facilities in 278 cities located in 29 states and nine countries. The firm is headquartered in California and maintains offices throughout the United States, Canada and Europe.