PRESS RELEASE: Jones Lang LaSalle Closes Sale of 22-Acre Industrial Property in Tacoma

Tacoma, Wash. – Jones Lang LaSalle (JLL) today announced it has completed the sale of the former Birds Eye Foods facility on South 35th Street, southwest of downtown Tacoma.  The 22-acre site which includes 400,000 square feet of improvements was sold to local investor Puget Sound Industrial, LLC.  Terms of the transaction were not disclosed. Chris Spofford and Casey Trees of JLL’s Seattle office and JC Giordano III of JLL’s New Jersey office advised the owner, Pinnacle Foods Inc., on the sale.

Pinnacle Foods vacated the property in July 2011. Food production has been a focus at the location for more than 90 years. 

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 $47.7 billion of real estate assets under management.