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News release

Dallas, TX.

Jones Lang LaSalle Markets Energy Square Office Complex for Sale in Dallas

Three-building, million-square-foot office complex expected to fetch more than $100 million


DALLAS, May  09, 2011 – On behalf of Younan Properties, Jones Lang LaSalle’s Capital Markets experts today announced the firm has been chosen to market the three-building office complex known as One, Two and Three Energy Square for sale in Dallas. One and Two Energy Square are located at 4925 and 4849 Greenville Avenue, respectively, and Three Energy Square is located at 6688 North Central Expressway, all in the North Central Expressway Submarket of Dallas. The 943,658-square-foot complex is one of the few properties outside of the CBD to offer a light-rail station at its doorstep and is surrounded by an amenity rich urban environment including restaurants and retail shops.  The complex is expected to fetch in excess of $100 million.

Leading the marketing team on this transaction are Managing Directors Evan Stone, John Alvarado and Jack Crews. 

“The Energy Square office complex offers a stellar location just steps away from the Lovers Lane light-rail stop in a submarket that’s seen significantly improving market fundamentals,” said Stone.  “We expect to secure a great deal of both private and institutional interest in this high-profile Dallas offering.”

One Energy Square is a 14-story, 276,485-square-foot Class A office building while Two Energy Square is a 16-floor, 364,409-square-foot Class A office building.  Both were renovated in 2005. Three Energy Square is a 16-floor, 302,763-square-foot Class A office building.  The properties are all multiple-year Energy Star recipients and are currently 81-percent leased.  In addition, there is an approximately two-acre surface lot that is a prime mixed-use development site with a 20-story height restriction.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

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.