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News release

Los Angeles

Jones Lang LaSalle Completes 150,000 SF Industrial Sale Valued at $15 Million

ACCO Engineered Systems Owner/User acquisition one of largest in Los Angeles this year


LOS ANGELES, April 14, 2009 – Jones Lang LaSalle announced today that ACCO Engineered Systems has acquired an industrial property located at 6446 E. Washington Boulevard totalling 150,000 square feet in Commerce, CA from seller Joseph T. Ryerson & Son, Inc. for in excess of $15 million.  Jones Lang LaSalle’s Paul Sablock, Greg Matter, Barry Hill and Zac Sakowski negotiated the transaction on behalf of the buyer.  The seller was represented by Jack Whalen of McKinney Travers.

“ACCO found an ideal property with existing infrastructure in place that suited their growing operations, as well as unique fabrication, warehousing and distribution needs,” said Mr. Sablock, Executive Vice President of Jones Lang LaSalle’s industrial services team.  “This sale is evidence that despite the downturn in the Los Angeles industrial market, the market is still alive and there are excellent opportunities for users who have a long term vision and are in good financial condition.”
 
One of the largest mechanical systems engineering firms in the Western U.S. headquartered in Glendale, CA, ACCO Engineered Systems will be expanding to occupy the crane-served building with plans to take occupancy before the summer of this year.  6446 E. Washington will be the 11th location in the Western U.S. for the growing engineering firm.  Located adjacent to the Citadel Outlet Mall and the new Costco Business-to-Business Wholesale development, the property is minutes to the Interstate 5, 710 and 605 freeways. 
 
About ACCO Engineered Systems
 
ACCO Engineered Systems is an employee owned contractor with expertise in the areas of heating, ventilating, air conditioning, refrigeration, process piping, plumbing, building control systems, as well as service retrofit and maintenance. ACCO is signatory to labor agreements with the Sheet Metal Workers International Association, United Association of Steam Fitters and Pipe Fitters, Electricians and Teamsters unions, insuring a work force consisting of the highest qualified craftsmen throughout the United States.
 
About Jones Lang LaSalle Industrial
 
Through offices located in the U.S., Canada and Mexico, Jones Lang LaSalle Logistics and Industrial Services team members focus on assisting both real estate occupiers and investors in all the primary and secondary markets of North America. Its broad-based experts work with corporate and industrial real estate owners, occupiers and investors to provide innovative, cost-effective solutions to any logistics and industrial property challenge, from a single location to a portfolio that spans the country. Client’s tap into the firm’s experience in supply chain logistics analysis, site selection, land acquisition and disposition, build-to-suit development, facility management and investment sales. The Industrial practice has over 200 industrial professionals covering the top 30 industrial markets in the US, with over 500 industrial professionals globally.
 
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. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $53 billion of assets under management. For further information, please visit our Web site, www.am.joneslanglasalle.com.
 
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