Jones Lang Lasalle News

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business Park property located on James Drive East in St. Rose, Louisiana is scheduled to begin this spring. Kongsberg Maritime moved its service department from Houston to Louisiana in 2003 establishing a small office in James Business Park with nine full-time employees. Growing together with local customers, the Louisiana office now has 110 employees occupying 35,000 sq ft of leased office space.

The Maritime Helicopter Support Company (MHSCo), a Sikorsky and Lockheed Martin joint venture company, today broke ground to build the maintenance and warehouse facilities that will provide Through Life Support logistics services for the Royal Australian Navy's new fleet of 24 MH-60R SEAHAWK helicopters. Once completed in early 2015, the two buildings, totaling more than 11,400 square meters (120,000 square feet), will house as many as 120 personnel with the knowledge and ability to keep the fleet in peak flight readiness during its estimated 30-year lifespan. "Excavation and construction of these Through Life Support buildings begin an important chapter for the long-term readiness of Australia's most sophisticated maritime helicopter," said Rod Skotty, President of MHSCo.

Jones Lang LaSalle is to market Macalloy Port Terminal in Charleston, SC for private investors and operators. The privately-owned, 115-acre Macalloy Intermodal Terminal in North Charleston is being developed to complement South Carolina’s port system, including the adjacent future Navy Base terminal currently being developed and operated by the SCSPA. Macalloy Terminal offers bulk material maritime solutions and is designed for mixed-use purposes, including break-bulk, RO/RO, manufacturing, general cargo and raw material handling.

The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. The program's speakers will analyze the risks and rewards for undertaking such investments, reveal how capital improvements propel business development decisions and discuss what influences intermodal connection improvements with ports. Addressing the issue of what is…

Ports America CEO Michael Hassing announced the appointment of John Carver to the position of executive vice president of business development, effective May 1. Carver, domiciled in New Jersey, will report directly to President and CEO Michael Hassing and be responsible for expanding Ports America's business interests domestically and internationally, working closely with port authorities and government officials. An industry veteran of 20 years in maritime and logistics development…

Panama Maritime Authority Approves New Container Shipping Terminal; Panama Colón Container Port designed to complement newly expanded Panama Canal and rising cargo volumes in Panama. The Panama Maritime Authority (AMP) has granted permits to a private development group for the construction and operation of a new container terminal to be built at the Atlantic entrance of the Panama Canal. Jones Lang LaSalle is acting as development advisor to the project consortium. With an estimated construction value exceeding $USD 600 million, the Panama Colón Container Port (PCCP) is expected to become one of the largest private maritime infrastructure projects in Panama, and the first terminal to be built on freehold land.

This and recent agreements with Port of Miami and Port of Palm Beach solidify Florida Inland Port’s position as the premier inland port / integrated logistics center serving the southeastern U.S. Florida Inland Port today announced the signing of a Memorandum of Understanding (MOU) that creates a strategic alliance with the Jacksonville Port Authority (JAXPORT). The alliance between one of Florida’s largest seaports and the state’s first rail-oriented, integrated logistics center helps to pave the way for improved flow of goods throughout Florida and the Southeast United States. Similar to the recent agreements with the Port of Miami and the Port of Palm Beach…

Jones Lang LaSalle’s third annual Port, Airport and Global Infrastructure (PAGI) report published today, reveals that even amid economic volatility, real estate in the markets surrounding the country’s seaports is leading the U.S. industrial real estate recovery. Overall vacancy rates for seaports have dropped from last year by 1.4 percent to 8.5 percent, outperforming the 9.7 percent vacancy rates held by the general industrial real estate sector. “Even with a myriad of global economic challenges, seaport industrial real estate has continued to retain its premium value over inland industrial locations,” said John Carver, head of Jones Lang LaSalle’s Ports Airports and Global Infrastructure team.