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Charles Pointe Development Engages Jones Lang LaSalle To Assist With $1.4 Billion Mixed Use Development On West Virginia's I-79 High Tech Corridor

Stocks in this article: JLL

In addition, Charles Pointe will add significantly to its retail component, and will construct a baseball stadium and sports complex that will be home to local minor league baseball and hockey teams.  The approved master plan also includes new neighborhoods, walking trails, community parks and sports fields, additional hotels, multiple civic facilities, a "restaurant row," several shopping centers, a full-service resort, a vacation resort and a community center. 

Charles Pointe has already generated interest from national retailers and residential builders, minor league baseball and hockey teams, and commercial interests attracted by the proximity of North Central West Virginia Airport. The proximity of government agencies such as NASA and the FBI is also a drawing card for hotel and commercial tenants.

The State of West Virginia created the Charles Pointe Economic Opportunity Development District to fund and otherwise support job creation and economic expansion. The development has the backing of legislators as evidenced by the real estate and sales TIFs approved by the West Virginia legislature that will "…not only increase commercial activities in the Charles Pointe development district but … will enhance the entire North Central area of West Virginia, which is the current home of the FBI, United Hospital, the North Central West Virginia Airport, and the Benedum Aerospace and Industrial Park…" said West Virginia Governor Earl Ray Tomblin.  

"As is confirmed by the Governor's statements and support, the region is being transformed from a coal-centric model to an economic cluster of four or five different industries which together provide greater opportunities for our community and the region," said Mark Dellana, Executive Director of Development for Genesis Partners. "The diversity of opportunities here at Charles Pointe and the wide range of industry leaders making their home here made partnering with Jones Lang LaSalle the perfect fit with their experience and expertise in all of these areas."

Key leaders in the collaboration include Dellana, Dordick, Elliott and Kathleen Sain, Esq., of Sain Development, LLC.  For more information on the project, contact:

Jones Lang LaSalle's Project and Development Services (PDS) group employs 1,100 project managers throughout the Americas, who conducted 2,300 projects valued at $10.9 billion in 2010. PDS offers a range of services to corporations, real estate owners, healthcare organizations and public sector entities. Capabilities include management of new construction, renovations and expansions; development services; interior fit-out assignments; energy retrofits; LEED assessments and certification; multi-site program management; brand strategy rollouts; and other services.

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 billion of assets under management. For further information, please visit www.joneslanglasalle.com

SOURCE Jones Lang LaSalle

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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