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WALNUT CREEK, CALIF. – March 4, 2010— Jones Lang LaSalle announced today that it has completed the sale of 25101 Clawiter Road, a 100,376 square foot vacant industrial manufacturing building located in Hayward, Calif., to Aaron Metals of Oakland. Terms of the transaction were not disclosed. Kevin Ahaesy and Jason Ovadia of Jones Lang LaSalle’s Northern California Logistics and Industrial Services team represented the seller, Eastshore Energy, LLC, which purchased the building in September 2006. The concrete tilt-up building, which was built in 1965 and expanded in 1975, previously housed a metal stamping facility. The building sits on 6.22 acres and offers close proximity to Highway 92, and Interstate 880. The building has 24 foot clear ceiling height and a fenced loading zone. Other amenities include a 10,600 square foot office and seven dock-high loading doors.This is the second major industrial transaction completed by the Northern California Logistics and Industrial Services team in recent months. At the end of last year, the team arranged a 236,500 square foot lease renewal at the Simmons Bedding manufacturing facility in San Leandro. Last month, Jones Lang LaSalle released its national Industrial Insights Report, which concluded that a recovery in the industrial manufacturing sector would begin in the second half of this year. The report also concluded that occupiers should be able to capitalize on lower occupancy costs to re-optimize warehouse/ distribution and supply chain networks.The Logistics and Industrial Service team provides tenant representation, disposition, supply chain logistics, energy/sustainability and a full range of capital and construction related expertise to clients with industrial real estate and logistics facilities.
About Jones Lang LaSalleJones 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 2009 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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