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News release

Chicago

Jones Lang LaSalle Completes 155,000 SF Industrial Deal in Bartlett

Illinois Tool Works signs long-term lease in Brewster Creek Business Park


CHICAGO, Oct. 25, 2010 — Jones Lang LaSalle announced today that Illinois Tool Works’ Brands Division has signed a long-term lease for 155,000 square feet of space in a Bartlett industrial building.

Dominic Carbonari, Frank Griffin and Nick Esposito of Jones Lang LaSalle completed the transaction on behalf of the building owner, the Boston-based real estate private equity firm Cabot Properties. The building is one of five Cabot Properties buildings currently being marketed for lease by the Carbonari-Griffin-Esposito team in the Chicago suburbs.

ITW’s space is located in a 250,000-square-foot building at 1452 Brewster Creek Boulevard within the Brewster Creek Business Park just west of Illinois Route 59 near Stearns Road.  ITW’s lease took effect Oct. 1. The company was represented by Charlie Osweiler of Nicholson Porter & List.

“Brewster Creek Business Park is one of the most prestigious addresses for industrial real estate in the western suburbs,” Carbonari said. “We were happy to help Cabot Properties find another outstanding tenant that can take advantage of the park’s easy access to the Elgin-O’Hare Expressway and other key transportation corridors.”

Other Chicago-area buildings owned by Cabot Properties and being leased by Jones Lang LaSalle include: 1575 Hunter, Hanover Park (106,000 square feet); 1005 Republic, Addison (78,000 square feet); 1454 Brewster, Bartlett (108,000 square feet) and1051 Kingsland, Batavia (38,000 square feet).
 
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.