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News release

Richmond

Jones Lang LaSalle Richmond Office Completes New Deals Totaling Over 274,000 S.F.


RICHMOND, March 9, 2010 – Jones Lang LaSalle announced today that its Richmond office completed more than 274,000-square-feet of deals at the end of February 2010.  Jones Lang LaSalle expanded its Richmond presence in July 2009 to include agency leasing, tenant representation, industrial leasing and capital markets.

“Since joining Jones Lang LaSalle, this Richmond team has been incredibly busy, completing more than 274,000-square-feet of deals in the last few months,” noted Charlie Polk, Managing Director, Jones Lang LaSalle.  “2010 is off to a terrific start, and Jones Lang LaSalle will continue to grow and be a tremendous presence in this market.”

TENANT REPRESENTATON DEALS:
Charlie Polk of Jones Lang LaSalle represented Spotts Fain, P.C. in its 20,013-square-foot renewal at 411 E. Franklin Street. The building, which is owned by Douglas Development Spotts, offers ample parking and is near the heart of downtown Richmond. 

Charlie Polk of Jones Lang LaSalle represented McSweeney, Crump, Childress & Temple in its 13,885-square-foot renewal in Shockoe Center at 11th South 12th Street in Shockoe Slip.  Thalhimer represented the landlord.

Gareth Jones and Charlie Polk of Jones Lang LaSalle represented Thermal Industries in its 9,375-square-foot relocation to 441 Southlake Blvd, Richmond, VA. 

Scott Harrison of Jones Lang LaSalle represented Commonwealth Capital Management in its 8,131-square-foot renewal in the Stony Point III Office Building in the Stony Point Office Park. Commonwealth Capital has been in the building since 2000 and was able to renew and extend its lease at favorable terms. The building is owned, leased and managed by Highwood’s Properties.

Scott Harrison and Charlie Polk of Jones Lang LaSalle represented Lowe Brockenbrough & Company in the renewal of 11,320-square-feet at The Arrington Building located at 1802 Bayberry Court in Glen Forest Office Park. Lowe Brockenbrough has been in the building since its construction in 1999 and was able to redesign the existing floor plan and extend the lease. The building is owned, leased and managed by Forest City Enterprises.

Scott Harrison and Charlie Polk of Jones Lang LaSalle represented Bryan Brothers, Inc in the renewal of 7,679-square-feet at The Arrington Building located at 1802 Bayberry Court in Glen Forest Office Park. Bryan Brothers has been located in the building since its construction in 1999. The building is owned, leased and managed by Forest City Enterprises.

Jimmy Appich of Jones Lang LaSalle represented Glave & Holmes in its 14,590-square-foot relocation to 2101 East Main Street in Shockoe Bottom. Glave & Holmes chose to relocate to this location, owned by Haxall View, LLC, because it offers a more efficient and creative floor plan.

Jimmy Appich of Jones Lang LaSalle represented Bizerba in its new warehouse lease in Airport Center in Sandston, Virginia.  The 26,000-square-foot location was selected because of the efficient footprint and optimal design to suit Bizerba’s engineering and related service lines.

Jimmy Appich of Jones Lang LaSalle represented Star International in its 60,000-sqaure-foot relocation to Woodland III located at 540 Eastpark Court in Sandston, Virginia.  The building, owned by Liberty, offers Star International tremendous operational and warehousing efficiency in addition to reducing core utility expenses.
 
AGENCY LEASING DEALS:
Scott Keeton and Jimmy Appich of Jones Lang LaSalle represented Medalist Properties in its 7,350-square-foot lease to Advanced Flooring at the Byrd Center Business Park.  Advanced Flooring chose the Byrd Center because it is a good value and offers a very convenient location.

Jimmy Appich and Charlie Polk of Jones Lang LaSalle represented Parmenter Realty Partners, owners of the SunTrust Building, in their 39,939-square-foot lease to Christian & Barton, a law firm. With ample on-site amenities, an easy walk to downtown and fantastic views of both the river and the Capitol, the SunTrust Building is an ideal local.  Thalhimer represented Christian & Barton.

Jimmy Appich of Jones Lang LaSalle represented Douglas Development Corporation, the owner of the 7th & Franklin Building in its 4,081-square-foot lease to the Virginia Bar Association.  Charlie Polk of Jones Lang LaSalle represented Virginia Bar in this relocation.

Ned Roberts and Charlie Polk of Jones Lang LaSalle represented MGP Realty in its 20,248-square-foot lease to Providence Service Corporation in Lee's Hill II.  The building, located at 10304 Spotsylvania Avenue in Fredericksburg, VA, offers visibility off I-95, and close proximity to both downtown Fredericksburg and the new HCA Spotsylvania Regional Medical Center.
 
SALES TRANSACTION:
Gareth Jones and Charlie Polk of Jones Lang LaSalle represented Belden Wire & Cable Company, LLC in its disposition of 14121 Justice Road, a 31,625 square foot office/warehouse facility on 4.54 acres in Midlothian, Virginia, to Justice Road, LLC.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estae.  The firm offers integrated services delivered by expert teams worldewide 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 inudstry 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 invest 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.