Jones Lang LaSalle Announces 250,000-SF Industrial Lease Renewal That Keeps Manufacturer in NJ
Dayton, N.J. headquarters location provides tenant with close proximity to New York City client base
Jones Lang LaSalle announced today that the firm represented Medicia Holdings, LLC in the renewal of a 250,000-square-foot industrial lease at 2351 Route 130 South in Dayton, N.J. The long-term lease agreement keeps the manufacturer of soaps, shampoos, body washes and perfumes in the State of New Jersey for the foreseeable future.
Jones Lang LaSalle Vice Presidents Brian Cass and Blake Chroman and Managing Directors Rob Kossar and Joel Lubin represented the tenant in the transaction, while Cushman and Wakefield Executive Director Paul Torosian and Director Nate Demetsky represented landlord Clarion Partners.
“As the location of Medicia’s headquarters, this space has multiple business uses,” Cass said. “The facility is the ideal manufacturing base for the tenant’s product line, lab and warehouse. It’s gratifying to be part of a deal that keeps an important employer here in New Jersey for a long time.”
In New Jersey, Jones Lang LaSalle is a leader in commercial real estate brokerage, project management and investment sales. Employing more than 600 of the region’s most respected industry experts, the firm offers Office and Industrial Brokerage, Tenant and Landlord Representation, Project and Development Services, Property Management, and Capital Markets services to its clients in New Jersey. 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.
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 more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.