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News release

Washington, DC

Guernsey Office Products Expands and Relocates 71,800 SF at ProLogis Dulles Distribution Center #6

Jones Lang LaSalle completes largest new industrial lease to date in Northern Virginia


WASHINGTON, December 2, 2009 — Jones Lang LaSalle announced today that Guernsey Office Products will consolidate and relocate its corporate headquarters and central distribution facility to ProLogis Dulles Distribution Center #6 at 45070 Old Ox Road, Dulles, Virginia. The 71,800 square foot space will include Guernsey's 12,000 square foot corporate offices and over one million cubic feet of product storage.  The move to Dulles represents an expansion of nearly 33 percent for Guernsey from its current 54,100 square feet in Chantilly. 
 
Joshua R. Katz of Jones Lang LaSalle represented Guernsey Office Products. Bob Gibbs of CB Richard Ellis represented the building’s owner ProLogis.
 
Guernsey expects to be operating in the new facility by January 2010.
 
“The Guernsey organization has been looking for over two years to find a distribution facility that best equips the company to serve our customers in the Mid-Atlantic region,” says David Guernsey, the company’s President.  “We truly appreciate the hard work that Josh Katz put in to finding this location and his diligence in getting the deal done.”
 
ProLogis Vice President Mark G. Levy added, “We are highly appreciative of the efforts put forth by Jones Lang LaSalle and look forward to a long relationship with Guernsey Office Products.”
 
Founded by David Guernsey in 1971, Guernsey Office Products is the largest, privately-owned office products company in the Washington-Baltimore region. The new space will enable the company to bring its office products, furniture and break room services businesses under the same roof in a modern and efficient distribution facility, well positioning the company to meet the needs of its customers throughout the Washington, Baltimore, Richmond and Tidewater markets for years to come.  The Dulles location will fulfill orders for all of Guernsey’s facilities – the company also maintains cross-dock facilities in Beltsville, Maryland, Richmond, Virginia and Virginia Beach, Virginia – using back-haul and line-haul logistics.
 
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.