LaSalle Investment Management (“LaSalle”) today announced the letting of an industrial warehouse building, in Sheaf Close, Lodge Farm, Northampton on behalf of Coal Pension Properties.

The warehouse comprises 4,180 sq m (45,000 sq ft) and has been let for 10 years to Sue Ryder Care, a national charity providing health and social care services in local communities.

Edd Fitch from LaSalle comments, “We are absolutely delighted to welcome Sue Ryder Care to Northampton.  This is very positive news for Lodge Farm as the transaction demonstrates that the key to success is an estate that offers flexible accommodation at very competitive rents.”

Richard Baker from Lambert Smith Hampton, who acted as letting agent on the deal, comments, “Our clients are taking an extremely flexible approach to the marketing of their properties and as a result the joint marketing team are extremely confident that further new tenants will be welcomed to Lodge Farm in the not too distant future.”

Chris Hardy from Bidwells adds, “The units are located within close proximity to both Junctions 15A and 16 of the M1 and therefore our client’s offer is extremely competitive for such a good location.”

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About LaSalle Investment Management

LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $37.5 billion of assets under management (as at Q2 2009) of private and public property equity investments. LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and our clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe.  For more information, visit www.lasalle.com.