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INDIANAPOLIS, Sept. 22, 2015 — OHL, one of the largest 3PL companies in the world, leased an additional 321,627 square feet in the Indianapolis market, announced JLL. The lease at 1251 S. Perry Road, Plainfield, IN brings OHL’s footprint in that market to over 3 million square feet.
JLL’s Executive Vice President Steve Schwegman and Senior Vice President Matt Dickerson represented the landlord, KBS Realty Advisors, in the transaction. The tenant was represented by ProVenture and CBRE (Jess Andrews and Andrew Morris). The KBS building is a state-of-the art, modern distribution building in the heart of the Plainfield submarket. Its features include "cross dock" layout, 36' clear height, a climate controlled warehouse, secured truck courts and abundant parking. The building was formerly leased by Ingram Micro.
“OHL is a world leader in the third party logistics sector and we are excited to have them as a tenant,” said Brett Merz, Senior Vice President of Asset Management & Acquisitions for KBS. “This was a strong collaborative effort, as transactions of this size require many parties working together for the benefit of the tenant and owner.”
Earlier this year JLL, along with CBRE and ProVenture closed two leases for OHL, a new lease for 450,000 square feet with TDC at 2450 Stanley Road and a 400,225-square-foot renewal with Duke at 2425 Perry Road, both in Plainfield.
OHL provides integrated global supply chain management solutions, including transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services. OHL also is the largest occupant by square footage in Plainfield.About JLLJLL (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. A Fortune 500 company 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 $56.0 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.
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