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News release

Philadelphia

Jones Lang LaSalle to Market 325,000 SF Warehouse in Hanover, PA


PHILADELPHIA, Aug. 12, 2010 — Jones Lang LaSalle’s Industrial Services Team has been appointed to market a 324,727- square- foot industrial warehouse at 26 Barnhart Drive in Hanover, PA.  The property which is available for lease or sale is a climate controlled distribution center formerly occupied by GlaxoSmithKline.

Jones Lang LaSalle Executive Vice President John Van Buskirk and Vice President, Jason Webb will be leading marketing efforts on behalf of the owner, PennTown Properties.

“The property is a former pharmaceutical distribution center and is fully air-conditioned; it could be used for food storage or production.” said Van Buskirk.  “It is well located in Penn Township, York County, approximately 35 miles South of Harrisburg with easy access to I83 and I695.  The facility also has rail access potential through York Railway Corporation.”

The distributions center has 112 car parking spaces, two administrative offices and a shipping and receiving office.  It is 35 miles away from Harrisburg, 20 miles from York and 41 miles from Baltimore.

Jones Lang LaSalle has been a prominent player in Philadelphia’s real estate market since 1997 and has continued to expand recently by adding offices in Harrisburg, King of Prussia and Cherry Hill, NJ. With 280 employees, the firm currently manages 4 million square feet of office space and leases more than 10 million square feet of prime office and industrial space throughout the metro Philadelphia area.

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 $38 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.