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News release

Bedminster, N.J.

NPS Pharmaceutical Signs 33,000-Square-Foot Office Lease at 500 Hills Drive in Bedminster, N.J.

Jones Lang LaSalle represents owner MIREF as sublease tenant converts its occupancy to direct lease


BEDMINSTER, N.J., November 18, 2009 — Jones Lang LaSalle announced it has arranged a 33,000-square-foot office lease at 500 Hills Drive with NPS Pharmaceutical, which previously occupied the space as a sublease tenant.
 
The Jones Lang LaSalle leasing team of Vice President Jodie Matthews, Executive Vice President Dennis McConnell and Associate Peter Politi represented the landlord, MIREF, in the transaction.
 
Jeff Garibaldi and Matt Kirby of The Garibaldi Group represented NPS Pharmaceuticals, a developer of therapeutics for gastrointestinal and endocrine disorders.
 
“NPS Pharmaceutical was attracted to 500 Hills Drive by its strategic business location, outstanding aesthetics and amenities such as underground parking, advanced communications technology state-of-the-art mechanical, electrical and life safety systems,” Matthews said.
“Converting this great sublease tenant to a direct lease underscores the attraction of this building.”
 
500 Hills Drive is part of The Offices at Bedminster, a premier business location that features two stately, three-story buildings totaling 190,000 square feet in Bedminster, N.J. Tenants benefit from close proximity to Interstates 78 and 287 and Routes 202 and 206. Finished in hand-laid Endicott brick that reflects the Bedminster area’s historic context, The Offices at Bedminster blends classic style with modern substance, as each building features an elegant, three-story atrium richly accented by natural hardwoods, granite and polished brass. The incorporation of a saw tooth design into the spacious floor plates creates multiple corner offices per floor.
 
In addition to a variety of on-site and nearby amenities, The Offices at Bedminster offers a scenic courtyard and decorative pond to complement the lush landscaping and beautiful views of the surrounding Somerset Hills. The immediate area offers lodging, restaurants and retail amenities within the adjacent Village at Bedminster shopping center, which features convenient banking, casual dining, grocery and personal service options. Tenants’ needs are addressed by the on-site property management team of Kwartler Associates Inc., ensuring responsive, professional service at all times.
 
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.
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