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News release

Atlanta

Jones Lang LaSalle Represents Ownership in Hartman Business Center Transactions

Team seals new deals totalling 115,771 square feet in Austell, Ga.


ATLANTA, February 8, 2010 — Jones Lang LaSalle, working in conjunction with RDW Companies Inc., has  completed two leases totaling 115,711 square feet of space at Hartman Business Center,  Austell, Ga.  Jones Lang LaSalle and RDW jointly represented the buildings’ owner, a private real estate investment fund. . RDW is the owner’s leasing and management consultant.
 
The deals included a 62,110 square foot lease in the 113,748-square-foot Hartman IV on behalf of NTP Distribution Inc.  This is the first Atlanta location for the Oregon-based recreational vehicle parts distributor.  NTP is scheduled to take occupancy March 1, 2010.
 
The team also leased 53,601 square feet to Earnest Machine Products Inc., a distributor of fasteners at the 525,932-square-foot Hartman III.  The Atlanta unit of the Cleveland-based company moved to the building from nearby Riverside Distribution Center in December 2009. 
 
Jones Lang LaSalle’s Steve Grable, Chris Tomasulo, and Jay Padgett worked with Duane Wood and Keith Hornsby of RDW on the transactions.
 
“Our combined teams’ performance in securing the new Hartman Business Center tenants was a solid accomplishment, given today’s economic conditions,” said RDW President, Duane Wood. “The slow economy and accompanying reluctance of companies to make new space commitments has caused leasing activity to slow dramatically in the I-20 West corridor and many other industrial submarkets.  But thanks to the skill and professionalism of Grable, Tomasulo, and Padgett, and our strong management team, we were able to secure substantial new leases nonetheless.”
 
David Nixon of CB Richard Ellis in Atlanta represented NTP Distribution in the Hartman IV transaction.  Mike Sutter and Rick Tumlin of Atlanta-based Bryant Commercial Real Estate Partners negotiated the Hartman III lease on behalf of Earnest Machine Products.
 
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 $2.5 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 $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
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