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News release

CHICAGO, IL

JLL Brokers Lease with Becknell Industrial at NorthWind Crossings in Hobart, Indiana


CHICAGO – September 22, 2015 – JLL’s (NYSE:JLL) Chicago Industrial Brokerage has completed a long-term lease on behalf of Becknell Industrial for 84,415 square feet at Becknell’s NorthWind Crossings Business Park in Hobart, Indiana. The Calbrite Division of Rancho Dominguez, Calif.-based Calpipe Industries, Inc. will occupy space in a Class A, 159,813 square foot building under construction in the Lake County, Indiana business park.

Becknell held a ceremonial ground-breaking event in July at the site of the new building to mark the commencement of construction on the 28-foot clear height building. Delivery of the project is scheduled for the First Quarter of 2016.

According to Mark Shapland, Chief Operating Officer of Becknell Industrial, Calpipe Industries plans to use the facility to enhance their manufacturing and value-add capabilities as well as increasing the company’s regional distribution operations.

“We’re pleased to welcome Calpipe Industries to the growing list of tenants operating businesses in our NorthWind Crossings Business Park, where demand has been strong,” said Shapland. “The combination of easy access to Chicago, incentives to out-of-state companies relocating to Indiana, excellent road infrastructure and the great workforce in the region will continue to drive growth at NorthWind Crossings. We’re fortunate to have strong partnerships with the City of Hobart and regional economic development resources.”

NorthWind Crossings is the only Class A industrial business park in Lake County and the close proximity to Interstate 65 and 61st Avenue has attracted a diverse range of companies. Space currently available for lease includes 30,000 square feet units in move-in condition. A 75,000 square foot space will also be offered when the new building is delivered in early 2016. A wide variety of incentives are available including 10-year property tax abatement on new buildings. For businesses relocating from outside the state, additional incentives are available.  

Calpipe Industries joins over a dozen existing tenants at NorthWind Crossings, employing over 2,000 people.

“We’re looking forward to becoming part of the NorthWind Crossings community,” states Dan Markus, President and CEO of Calpipe Industries. “We could not think of a better or more central location to service our U.S. customers than the Northwest Indiana corridor. Becknell’s track record of delivering high-quality industrial product on schedule made them an ideal partner for us on our Midwest expansion.”

Becknell Industrial was represented in the transaction by JLL’s Scott Duerkop.

About Becknell Industrial
Becknell Industrial specializes in the development, investment and management of industrial properties across the United States. The company currently owns interests in 122 properties totaling more than 12 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and budget.

About Calpipe Industries, Inc.
Calpipe Industries, headquartered in Rancho Dominguez, California, is the industry's leading provider of conduit products for corrosive environments under the divisions of Calconduit™, Calbrite™, Calbond™, and Calpipe Security Bollards™ for both aesthetics and safety. Calpipe Industries, Inc. delivers an unparalleled host of solutions for the most demanding applications. Calpipe Industries, Inc. is fully committed to providing the highest quality products and services that consistently meet or exceed customer and designer expectations, as well as industry standards. For more information about Calpipe Industries, Inc., visit its website at www.calpipe.com.

For more news, research and information from JLL, please visit: www.jll.com.

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. 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.