WALNUT CREEK, CA, October 27, 2009 – Jones Lang LaSalle announced the offering for sale or lease of two East Bay properties owned by Longs Corporation, now part of Rhode Island-based CVS Caremark.  The properties are Longs’ former headquarters building at 141 North Civic Drive and an office building at 5065 Deer Valley Road in Antioch.

“These are two very well located properties which have become excess to corporate needs as a result of the merger and which provide excellent opportunity for a variety of users,” said Tom Maloney of Jones Lang LaSalle’s Walnut Creek office.

 

141 North Civic Drive is a unique, five-acre high-identity parcel just four blocks from Walnut Creek BART and with two nearby on/off ramps to Interstate 680.  The property consists of an 87,000 square foot, two-story wood framed building and 379 parking spaces.  The improvements were made in three phases between 1970 and 1978.  The parcel is commercially zoned.  According to Maloney, the site is ideal for immediate use by a corporate office tenants with a large local workforce and also could be re-developed as medical, retail or even high-density residential us

 

“The site is perfectly situated along the highly travelled Ygnacio Valley Road corridor, access to I-680/Hwy 24 are within four blocks of the building, BART is three minutes on foot and downtown’s shopping district is a pleasant five minute walk,” Maloney said.

 

The Antioch building is a 54,000 square foot, two-story steel framed building on just over four acres with 317 parking spaces.  Built in two phases in the 1990s, the building features several key amenities such as a cafeteria, two mailrooms, computer server storage and separate HVAC.  The property is just three miles from Highway 4 and is close to retail services and residential communities.

 

Both properties are offered for lease or purchase.  For more information contact Tom Maloney, Kevin Mechelke or Larry Bell of Jones Lang LaSalle at 925.944.2140.

 

 

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 2008 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 1.4 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 more than $36 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com <http://www.joneslanglasalle.com/.

 

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