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News release

Miami, FL

Jones Lang LaSalle Completes 114,000 SF Industrial Lease in Flagler Station

MIAMI, Feb. 7, 2011 — Jones Lang LaSalle has completed a 114,000-square-foot warehouse lease at the Medley Distribution Center located at 11000 NW 92nd Terrace, Miami, FL 33178.  The 250,000- square-foot class-A industrial/office building is located within the prestigious Flagler Station Business Park.

Jones Lang LaSalle Managing Director Steve Medwin, SIOR, CCIM, Executive Vice President Harry Wardell, SIOR and Vice President Nick Wigoda represented the Chicago-based landlord, Columbia Florida 92nd Industrial.

The lease with Moduslink Corporation is a long-term renewal of 57,000 square feet and an expansion of  57,000 square feet. In the coming months, the tenant may expand into an additional 50,000 square feet in the building.

During the past five months, the Miami-based Jones Lang LaSalle industrial brokerage team has completed more than 800,000 square feet of warehouse leases in Miami-Dade County.  “Due to the growth in Latin America, especially Brazil and Mexico, the industrial real estate market in South Florida is showing signs of recovery,” said Medwin.

Jones Lang LaSalle has approximately 380 employees providing real expertise across all major markets in Florida including agency leasing, property management, project and development services, capital markets and tenant representation.  The firm is responsible for the leasing and management of more than 12 million square feet of commercial space across the state.

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 2010 global revenue of $2.9 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 1.7 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 $41 billion of assets under management. For further information, visit our website,