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News release

EAST RUTHERFORD, NJ

JLL Completes 3 Transactions for SHI International in New Jersey

Firm assists SHI International in 870,000 SF of real estate transactions; inks sale, acquisition, long-term lease during past few months


EAST RUTHERFORD, NJ, February 13, 2015 — JLL recently represented SHI International in three separate New Jersey transactions, including the sale of one office property, the acquisition of another office building and the long-term lease of warehouse space. The global provider of information technology products and services sold 33 Knightsbridge Road in Piscataway, acquired 300 Davidson Avenue in Somerset and leased 10 Knox Drive in Piscataway.

The JLL team handling all three transactions was led by Shawn Straka and Steve Fleming, senior vice presidents, and John Buckley, vice president. The JLL team worked closely with Steve Alt, vice president of operations, with SHI International.

“SHI International continues to experience significant growth, and these transactions aligned the firm’s real estate with its business needs,” said Straka. “JLL’s broad platform of services allowed us to assist SHI with all of its real estate needs for the immediate future. Along with the disposition of its previous headquarters building, the firm tapped JLL to accommodate its growth needs with a new warehouse and additional office space.”

SHI sold 33 Knightsbridge Road, a 153,000 SF office building, in Piscataway to Rutgers, The State University for an undisclosed amount in September 2014. The firm had purchased the property in 2007 as its headquarters building but had outgrown the space. The buyer was represented by Bill Brown, senior director, with Cushman & Wakefield Inc.

In late November 2014, SHI signed a 10-year lease with Trammell Crow Co. and Clarion Partners for the 305,751-square-foot 10 Knox Drive warehouse facility in Piscataway. The newly completed property will accommodate SHI’s growing warehouse and configuration business. Nathan Demetsky, executive vice president, and Paul Torosian, managing director, with JLL represented the building owner.

In December 2014, SHI completed the acquisition of 300 Davidson Avenue in Somerset, a 414,000-square-foot office building from MetLife Inc., for an undisclosed amount. The building is located adjacent to SHI’s headquarters at 290 Davidson Avenue. MetLife will continue to occupy a significant portion of the property for an undisclosed period of time, and SHI will occupy a portion of the space in the building to accommodate its future growth. MetLife was represented by Jeffrey Dunne, vice chairman, with CBRE Inc.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 500 professionals and support staff providing agency leasing, tenant representation, industrial services, strategic consulting, project and development services, property management and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as local service provider for JLL global and national corporate clients in need of real estate assistance in New Jersey.

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 $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 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.