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News release

Parsippany, NJ

Jones Lang LaSalle Announces Lease Extension at Halsey Corporate Center In Parsippany, N.J.


PARSIPPANY, N.J., May 10, 2010 — Jones Lang LaSalle announced today the successful completion of a lease extension at Halsey Corporate Center. The strategically located three-story office building is located on Halsey Road in Parsippany, N.J., offering immediate access to numerous major thoroughfares and daily conveniences.

The lease is an extension of General Chemical Corporation’s former lease at the property. Having previously occupied approximately 80 percent of Halsey Corporate Center for more than 25 years, the company found itself needing to downsize. Jones Lang LaSalle’s leasing team was able to successfully negotiate lease terms on behalf of the building’s landlord that enabled General Chemical to remain a tenant within the building.

The lease arrangement has also resulted in newly created opportunities within the building that range from 1,438 to 33,325 square feet of space.

“It is a testament to Halsey Corporate Center that General Chemical decided to extend its lease term at the building,” stated Jones Lang LaSalle Executive Vice President Dennis McConnell, who is handling the assignment along with Associate Peter Politi. “This lease arrangement has allowed our client to retain a valued tenant, while at the same time creating prime opportunities for companies in search of strategically located space within a building recently renovated to enhance its modern appeal.” 

Politi added, “The availability of the entire second floor at the building offers several possibilities in various size ranges, and the building’s first-floor availabilities provide a high ratio of window line.”

Financially sound with strong ownership, Halsey Corporate Center boasts a recently refurbished lobby featuring a two-story glass enclosure with attractive interior landscaping, updated common areas, new monument signage and exterior landscaping.  The enhancement of the building’s full-service café will be completed in June.  In addition, the property features impressive views of surrounding grounds and provides ample parking for tenants.

With immediate access to Routes 287, 80 and 46 four-way interchanges, Halsey Corporate Center is easily commutable from points throughout New Jersey, and is conveniently located near shopping, banking and various restaurants.
 
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 1.6 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 approximately $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.