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News release

Conshohocken, PA

444 E. North Lane Sells for $16.4 Million

JLL arranges the sale of Conshohocken warehouse facility housing David’s Bridal

Conshohocken, PA, May 23, 2018 – Today, JLL announced that Cabot Properties has purchased 444 E. North Lane in Conshohocken for $16,410,000. Cabot acquired the 174,400 SF warehouse facility from a private ownership entity.

This 100% occupied, single-tenant warehouse occupied by David’s Bridal under a long-term lease. Built in 1974, 444 E. North Lane offers 20 foot clear heights and ample loading capability with 18 loading doors and one drive-in.

Executive Vice President John Plower led the JLL team on the sale, with support from Managing Director James Galbally, Executive Vice President Chad Orcutt, Senior Vice President Brett Grifo, and Vice President Colin Behr.

“The competitive advantages of 444. E. North Lane are clear, including a highly desirable urban infill location that is difficult and costly to replicate,” said Plower. “Functional, in-fill product near a dense population is in high demand for industrial investors, and JLL was excited to connect Cabot Properties with a facility that offered this advantage.”

Additionally, there continues to be strong demand in submarkets located outside major population hubs. The site provides immediate access to the area’s major roadways, located less than two miles from the I-476 and I-76 interchange and less than 3 miles from the Pennsylvania Turnpike.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit