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News release

Richmond, VA.

Mondial Assistance to Relocate to 240,000 SF HQ in Richmond


RICHMOND, May 9, 2011 – Jones Lang LaSalle today announced the completion of a headquarters leasing agreement on behalf of Mondial Assistance for 238,000 square feet at 9550 Maryland Drive in the Deep Run Office Park, Richmond, VA. The travel insurance company is taking four of five available floors in the building and plans to move from its current locations at North Parham Road and Innsbrook by the fourth quarter of 2011.

Mondial Assistance, one of the nation’s largest travel insurance companies and a leading employer in the Richmond region, is relocating to consolidate current employees under one roof and to accommodate for expansion.  The company currently employs nearly 900 associates and expects that number to be over 1,000 upon moving to the new headquarters. 

Charlie Polk of Jones Lang LaSalle represented Mondial Assistance in the transaction while Tommy Pruitt represented the building owner, Pruitt Associates. 
 
“Mondial has experienced significant growth and this location offers them a terrific consolidation opportunity and a superior location in an expanding, fast-paced submarket with a wide variety of amenities,” said Charlie Polk of Jones Lang LaSalle. “Innsbrook is one of Richmond’s premier submarkets and this lease takes one of the few large remaining blocks of space off the market.” 
 
Among other amenities, 9550 Maryland Drive features an auditorium, fitness center, walking trails and state-of-the-art communication technology.  Additionally, the site will serve as headquarters for Mondial’s Americas Zone. 

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 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 $43 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.