Jones Lang LaSalle Executes 90,000 Sf Lease, Serves As Project Manager
Scarborough, ME, November 7, 2008 - Construction has begun on Fairchild Semiconductor Corporation's new 90,000 square foot, energy efficient office building in Scarborough, ME. A groundbreaking ceremony for the $25,000,000 project was held today on the Gateway Square property. In attendance were representatives from Fairchild, Town of Scarborough officials, and project team members.
Jones Lang LaSalle, which recently merged with The Staubach Company, represented Fairchild in lease negotiations, and will provide Project Management Services. New England Expedition - Scarborough, LLC will construct the three-story facility incorporating sustainable design strategies and state-of-the-art technologies to reduce the company's energy consumption. The building will be seeking LEED Silver Certification from the U.S. Green Building Council, making it one of the largest LEED accredited project in Maine.
"We are pleased to be working with New England Expedition principals Gene Beaudoin and Barry Feldman, Jones Lang LaSalle, and the Town of Scarborough on this exciting project," said Kevin London, Fairchild's Senior Vice President, Human Resources and Administration. "We deliver semiconductors that make electronic devices more energy efficient, so moving to a LEED certified building is very important to us. The entire Gateway project has become a great new destination in Southern Maine, and we look forward to being a part of it."
The building will be adjacent to Haigis Parkway, across from New England Expedition's Gateway Shoppes which opened in May 2008, and includes anchor Cabela's as well as a variety of other retail stores and restaurants. It will house approximately 350 Fairchild employees. Occupancy is scheduled for October 2009. Fairchild will continue its manufacturing operation at the 333 Western Avenue, South Portland location. This state-of-the-art manufacturing facility employs two-thirds of Fairchild's Maine workforce.
The first building on the Gateway Square property, a Kindercare daycare center, will start construction by Labor Day. Beaudoin noted that there is significant interest among large office tenants. "In fact, if all of the tenants we are talking to actually sign up we would be oversubscribed, which is one of the reasons we are looking at other property along Haigis Parkway."
"The huge success of the Cabela's at the Gateway Shoppes has made leasing in both projects much easier," added Feldman. "This is especially gratifying in the challenging retail environment we find ourselves in today."
According to Jones Lang LaSalle Managing Director Brooks Murphy: "Fairchild Semiconductor is a true leader in the movement to reduce energy consumption. This new facility will not only further their effort to reduce their carbon footprint, but also provide a productive, enjoyable environment for their employees and customers. We're thrilled to be part of this important project and associated with this progressive client."
Working with Brooks on the transaction is Joel Schur of Jones Lang LaSalle's Project and Development Services team as well as Greg Zais of Jones Lang LaSalle's Corporate Solutions team. The project architect is Gould Evans & IA Architects. Martini Northern, a subsidiary of A.J. Martini, Inc., is the General Contractor, Project Executive Peter Middleton.
About Fairchild Semiconductor
Fairchild Semiconductor (NYSE: FCS) is a global leader delivering energy-efficient power analog and power discrete solutions. Fairchild is The Power Franchise®, providing leading edge silicon and packaging technologies, manufacturing strength and system expertise for consumer, communications, industrial, portable, computing and automotive systems. An application-driven, solution-based semiconductor supplier, Fairchild provides online design tools and design centers worldwide as part of its comprehensive Global Power Resources(sm). Please contact us on the web at www.fairchildsemi.com.
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 2007 global revenue of $2.7 billion, Jones Lang LaSalle has approximately 180 offices worldwide and operates in more than 700 cities in 60 countries. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 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 $54 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.