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News release

Bridgewater, NJ

Jones Lang LaSalle Appointed Exclusive Leasing Agent of CenterPointe at Bridgewater


BRIDGEWATER, N.J., March 21, 2010 — Jones Lang LaSalle announced today that it has been appointed the exclusive leasing agent of CenterPointe at Bridgewater, a four-building corporate park that is regarded as one of the finest office locations in Somerset County. Normandy Real Estate Partners, one of the country’s leading real estate private equity firms, selected Jones Lang LaSalle based on its strong track record of success at marketing properties in the Central New Jersey market.

Susan Mason and Shawn Straka, both Senior Vice Presidents based in Jones Lang LaSalle’s New Jersey operations, lead the leasing initiative at CenterPointe, which is located in the heart of Somerset County on Route 22, with close proximity to Interstates 287 and 78, and Routes 202 and  206.

“CenterPointe offers many strategic advantages for tenants, including strong connections to major highways and thoroughfares, direct access to numerous nearby services and amenities, stunning architectural features and a host of on-site amenities,” Mason said. “With a flight to quality characterizing the current marketplace, we are confident that our deep knowledge of the Central Jersey market, coupled with CenterPointe’s highly attractive qualities, will result in strong leasing activity at this property.”

CenterPointe at Bridgewater consists of four, three-story Class A quality buildings with brick facades and richly appointed common areas featuring granite and wood lobbies, situated in a serene, campus-like setting.  This unique complex provides tenants with an exceptional identity as well as tremendous flexibility to grow.

Current lease opportunities available in the park range from 2,000 to 83,000 contiguous square feet, including an entire building of 83,000 square feet that is ideal for a headquarters location. 

“Jones Lang LaSalle has been incredibly successful at attracting major national and international tenants to the area, and we are confident their team will be able to realize the same success at this outstanding facility,” said Ray Trevisan, Principal of Normandy. “As the home of one of Normandy’s own regional management offices, we know CenterPointe is among the region’s most desirable corporate addresses.”

CenterPointe’s position along the corridor between New York City and Philadelphia is a valuable asset for companies with ties to these metropolitan areas, and which also desire the upscale atmosphere of a suburban campus setting.  Strategically located at the crossroads of Routes 22, 202/206, and I-287, CenterPointe offers convenient access to all points in New Jersey, as well as New York City, Philadelphia, and Washington, DC. It is also easily accessible via Amtrak Service and Newark International Airport.
 
Amenities include an on-site conference center, a fitness center and food service, which are complemented by a wide variety of additional amenities in the nearby area, including the 350-room Bridgewater Marriott hotel and conference center, and the Bridgewater Commons Mall, which features more than 150 upscale stores and specialty retailers, and numerous fine and casual dining restaurants.
 
About Normandy Real Estate Partners
Normandy Real Estate Partners is a vertically-integrated real estate private equity fund manager headquartered in Morristown, NJ with offices in Boston, New York City, and Washington DC.  Normandy currently manages a series of discretionary real estate funds totalling approximately $1.0 billion of equity commitments.  Normandy’s existing portfolio includes 14 million square feet of commercial assets, four hotels and numerous land development sites.  Normandy targets value added real estate investments primarily in the Northeast and Mid-Atlantic markets of Boston, Metro New York City, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital improvements.  For more information visit www.normandyrealty.com.
 
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 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.