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News release

Chicago

Jones Lang LaSalle Completes 267,000 SF Lease Renewal for Cold Storage Provider Castle & Cooke


CHICAGO, Sept. 13, 2010 — Jones Lang LaSalle announced today that Castle & Cooke Cold Storage, one of the nation’s largest third-party cold storage providers, has renewed its lease of a 266,680-square-foot warehouse in southwest-suburban Joliet.

Trevor Ragsdale, SIOR, Kris Bjorson, SIOR, and Dan McGillicuddy of Jones Lang LaSalle completed the transaction on Castle & Cooke’s behalf. Kirk Armour, SIOR, of CB Richard Ellis, represented the building owner, TIAA-CREF. The new lease took effect Sept. 1.

The building is located at 1695 Crossroads Drive within Joliet’s Rock Run Business Park at Houbolt Road and Interstate-80. The 287-acre park contains 12 buildings with 3.5 million square feet of industrial space. Other tenants include Mack Trucks, PETCO, Tyco Healthcare and Unisource.
Castle & Cooke Cold Storage, which was formed by the 2009 merger of Inland Cold Storage (ICS) and Madison Warehousing, now operates approximately two dozen warehousing facilities totalling more than 2.7 million square feet in California, Illinois, Texas, Missouri, Maryland and Georgia.
 
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 website, www.joneslanglasalle.com.