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News release

Somerset, NJ

Jones Lang LaSalle and Cushman & Wakefield Announce 154,035-Square-Foot Lease by inVentiv Health in Somerset, NJ

Transaction Represents One of the Largest New Office Leases in New Jersey


Somerset, NJ – January 13, 2009 – Jones Lang LaSalle and Cushman & Wakefield today announced that inVentiv Health, a leading provider of commercialization services to the global pharmaceutical and healthcare industries, has secured a lease for 154,035-square-feet at Atrium Corporate Park in Somerset, N.J. The transaction represents one of the largest new office leases in New Jersey in the past three years. 
 
The relocation to 500 Atrium Drive will enable inVentiv Health to consolidate four office locations in New Jersey and will also accommodate inVentiv’s plans for continued growth. The company expects to take occupancy in July 2009.
 
"The move to a new headquarters is very consistent with our overall business strategy," said Terrell Herring, President and COO of inVentiv Health. "By consolidating four offices into one building, we will create efficiencies that will result in long-term savings."
 
Cushman & Wakefield’s Walter Schoenberg, senior director, brokerage services, and Christopher Kinum, executive director of Cushman & Wakefield’s Global Life Science Practice, represented inVentiv Health in the transaction.
 
“inVentiv Health has a track record of growth and success. The company's commitment to New Jersey is a positive indication that the state continues to support the growth of business from within,” Schoenberg commented.
 
The leasing team of Susan Mason, senior vice president; Thomas Reilly, executive vice president; and Brian Cass, vice president, of Jones Lang LaSalle’s Parsippany office represented the owner, LaSalle Investment Management.  Jones Lang LaSalle is the exclusive leasing agent and property manager for Atrium Corporate Park.
 

“Atrium Corporate Park’s ability to consistently attract notable, high-profile tenants such as inVentiv is a reflection of its world-class amenities, strategic location and flexibility in space solutions,” Mason added.  “These factors contribute to its reputation as one of the finest campuses in Central New Jersey and its track record of outperforming the local real estate market.”
 
"We are pleased that we were able to meet inVentiv's requirements for high quality space with expansion capabilities," said Harlan Stanley, managing director, LaSalle Investment Management, Inc., and chief operating officer of LaSalle Income and Growth Fund IV, the owner of Atrium Corporate Park. "As an institutional owner, our financial strength, our ability to respond quickly to tenant needs and our ability to offer Class A space at a value price enables us to complete transactions of this size and term," continued Mr. Stanley.
 
Atrium Corporate Park is a four-building complex containing 900,000 square feet of Class A office space located directly off Davidson Avenue in Somerset.  It offers an array of amenities including complimentary use of its conference center and fitness center as well as a full-service hotel and banquet facilities and nearby daycare centers, restaurants, hotels and shopping.
 
About Cushman & Wakefield, Inc.
 
Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.
 
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 2007 global revenue of $2.7 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 1.2 billion square feet worldwide. For further information, please visit our Web site, www.joneslanglasalle.com.
 
About LaSalle Investment Management
 
LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $50 billion of assets under management. LaSalle Investment Management is active across a range of real estate capital and operating markets including private and public, debt and equity.  For more information, visit www.lasalle.com.
 
About inVentiv Health
 
inVentiv Health, Inc. is an insights-driven global healthcare leader that provides dynamic solutions to deliver customer and patient success. inVentiv delivers its customized clinical, sales, marketing and communications solutions through its four core business segments: inVentiv Clinical, inVentiv Communications, inVentiv Commercial, and inVentiv Patient Outcomes. inVentiv Health's client roster is comprised of more than 350 leading pharmaceutical, biotech, life sciences and healthcare payor companies, including all top 20 global pharmaceutical manufacturers. For more information, visit www.inventivhealth.com.