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News release

Edison, N.J.

Jones Lang LaSalle Represents GUND in the Sale of 179,680 SF Industrial Building in Edison, N.J.

Size, location and building image make One Runyons Lane an ideal HQ location


EDISON, N.J., Jan. 20, 2011 — Jones Lang LaSalle today announced that Colavita USA, a leading importer and distributor of Italian foods, has purchased One Runyons Lane, a 179,680-square-foot industrial warehouse and office building in Edison, N.J, for its new headquarters.

Jones Lang LaSalle Managing Directors Joel Lubin and Chuck Fern completed the transaction on behalf of the building’s seller, GUND, a leading soft toy manufacturer in the U.S. Colavita is relocating its corporate headquarters to One Runyons Lane from Linden, N.J. Gary Capetta of Pantheon Properties, Inc. represented Colavita USA.
 
“Colavita USA found that the size, location and image of One Runyons Lane combined to create an ideal fit for the company’s manufacturing and distribution operations,” stated Lubin. “The state-of-the-art, spacious building offers direct access to the region’s main thoroughfares, making it a perfect location for Colavita’s new headquarters.”

Situated on a 10.96-acre site that provides visibility from I-287, One Runyons Lane features 36,205 square feet of executive offices and 123 parking spots. The building also features a clear ceiling height of 27 feet, 40-foot by 35-foot column spacing, a wet sprinkler system, 14 truck docks and two drive-in bays.

In addition to being situated directly adjacent to I-287, One Runyons Lane is located in close proximity to the New Jersey Turnpike and the Garden State Parkway, providing employees and clients with easy access from all points in New Jersey. 

Local New Jersey Presence

Jones Lang LaSalle’s New Jersey operations rank within the top three as a leader in brokerage, project management and investment sales in the state. The firm boasts over 300 real estate professionals and support personnel which provide agency leasing, tenant representation, industrial services, strategic consulting, project and property management and investment sales services to many of New Jersey’s leading corporate tenants, investors and landlords.  The operations also serve as the local service provider for the firm’s global and national corporate clients that have a presence in New Jersey.
 
Jones Lang LaSalle emerged on New Jersey's commercial real estate scene in 2005. With its New Jersey headquarters in Parsippany, the firm also operates in Iselin and Hasbrouck Heights. In 2009, the firm’s New Jersey business completed 11.6 million square feet in lease transactions and oversaw project management assignments valued at more than $106 million in the State. The firm’s management portfolio on behalf of owners and occupiers totals over 32 million 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 $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.