JLL's Kossar, Knee, Martin, Chroman and Hile broker 900,000 s/f whse. sale

Jones Lang LaSalle has secured a buyer for the sale of the Tri-State Logistics Center, a 900,000 s/f warehouse/distribution center located at 30 Dunnigan Dr. Furniture retailer Raymour & Flanigan purchased the property from Dress Barn. JLL managing director Robert Kossar, SIOR, managing director David Knee, vice chairman Robert Martin, VPs Blake Chroman and Chris Hile handled the disposition assignment on behalf of Dress Barn. VP Joel Friedman of Team Resources SBWE represented Raymour & Flanigan. In late 2010, Dress Barn decided to sell the property and move its distribution operation to a facility it owns in the Midwest. JLL also recently advised the women's apparel retailer in acquiring an office building in Mahwah, N.J. The Mahwah property will serve as Dress Barn's headquarters, and the company is relocating approximately 400 employees who are currently staffed at the Suffern, N.Y. facility. "We were able to uncover a number of potential buyers and tenants but felt that this deal was the best fit for our client and the property," Kossar said. "Raymour & Flanigan clearly saw the benefits of this facility. In this market, there are very few options in this size range, and with easy access to the New York State Thruway; the location is perfect for Tri-State area distribution." The building provides modern features such as a 32-foot clear ceiling, ample loading doors, rail access, heavy power, and a sufficient surrounding area for trailer and car parking. The property also contains approximately 16 acres of excess land, which can be used for trailer parking or a potential building expansion. Par Pharmaceuticals occupies a portion of the building. The Tri-State Logistics Center is located at Exit 14-B off the New York Thruway (Interstates 87/287) and is situated in close proximity to the Garden State Parkway, Tappan Zee Bridge, Routes 17 and 9W, I-684 and I-84. The property is located approximately one mile from the New York/New Jersey border. 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. For more news, videos and research resources on Jones Lang LaSalle, please visit our U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx 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.