PARSIPPANY, NJ — Jones Lang LaSalle was selected by Griffin Capital Corporation to manage 30 Independence Boulevard in Warren, N.J. The firm will provide a full range of property management services at the 210,524-square-foot commercial office building.
The JLL team handling the property management assignment will be led by Beth Pereira, group manager.
“Griffin Capital selected JLL to manage its newest acquisition in New Jersey due to our familiarity with the property,” said Linda Aronson, managing director and head of property management for JLL’s suburban tri-state markets. “JLL had overseen property management efforts at the office building for its previous owner, Beacon Capital. During due diligence prior to its acquisition of 30 Independence Boulevard, Griffin Capital executives had been impressed with JLL’s high level of service and opted to maintain our stewardship of the asset.”
Griffin Capital acquired 30 Independence Boulevard in early October 2013 from Beacon Capital Partners L.P. The five-story office building, located near the intersection of Martinsville Road and Independence Boulevard, offers immediate access to Interstate 78 and is close to other major freeways including Interstate 287 and Interstate 95. The property is fully leased to Cellco Partnership, a subsidiary of Verizon Wireless.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 500 professionals and support staff providing agency leasing, tenant representation, industrial services, strategic consulting, project and development services, property management and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and Hasbrouck Heights, also acts as local service provider for JLL global and national corporate clients in need of real estate assistance in New Jersey.
About Griffin Capital Corporation
Griffin Capital Corporation ("Griffin Capital") is a privately?owned real estate investment company headquartered in Los Angeles. Led by senior executives each with more than two decades of real estate experience collectively encompassing over $16.0 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed over 17 million square feet of space since 1996. Griffin Capital and its affiliates currently own and manage a portfolio consisting of over 13.4 million square feet of space, located in 28 states and representing approximately $2.2 billion in asset value. Additional information about Griffin Capital is available at www.griffincapital.com.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.