Jones Lang LaSalle Represents Pacific Controls Inc. in Acquisition of 100 Franklin Square Drive in Somerset, N.J.
Buyer will occupy top two floors of ideally located office property
SOMERSET, N.J. June 11, 2012— Jones Lang LaSalle today announced that it represented Pacific Controls Inc. in the acquisition of 100 Franklin Square Drive, a 108,410-square-foot office building in Somerset, N.J.
Jones Lang LaSalle Senior Vice President Shawn Straka represented Pacific Controls, A company that provides information and communication technology (ICT) enabled services and converged engineering solutions for buildings and infrastructure projects, in the transaction. They intend to occupy vacant space on the top two floors of the Class B property, which is currently 33 percent leased.
“It’s extremely encouraging to see a company such as Pacific Controls — a global provider of cloud computing services for energy management — make the decision to invest in New Jersey,” Straka said. “The company, which already occupies space in Somerset, was attracted to 100 Franklin Square Drive due to its prime location and access to a highly educated work force.”
Situated near numerous area amenities including a variety of shopping, dining and hotel options, 100 Franklin Square Drive is located close to I-287 and Routes 22, 28, 202 and 206.
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.
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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 2011 global revenue of $3.6 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 2.1 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 $47.7 billion of assets under management. For further information, please visit our website,www.joneslanglasalle.com.