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News release

Los Angeles, CA.

Jones Lang LaSalle Strengthens National Industrial Capital Markets Practice

Charlie McPhee joins as Los Angeles Managing Director


LOS ANGELES, May 31, 2011 — Jones Lang LaSalle today announced it has bolstered its Industrial national Capital Markets business with the hiring of Charlie McPhee in Los Angeles.  McPhee joins the firm as a Managing Director and will focus on the industrial investment sales sector on the West Coast under the direction of Managing Director and Head of National Industrial Investment Sales, John Huguenard.
 
“Positive net absorption and declining vacancy rates all bode well for the continuing strength of the industrial sector,” said Huguenard.  “The Inland Empire, in particular, has set the bar for strong fundamentals in the industrial sector after finishing 2010 with more than 10 million square feet of positive absorption in that region of the country alone.  Transaction volumes are up more than 33 percent in the past year, and we expect a man of Charlie’s calibre and experience will enable us to expertly serve our increasing client demand on the West Coast.”
 
Added Craig Meyer, Executive Managing Director and head of Jones Lang LaSalle’s Americas Industrial Services team, “With Charlie’s extensive experience, knowledge and contacts, he is the right fit for our growing industrial investment sales team. We are seeing strong demand in this sector and Charlie will help us deliver the full suite of investment services to our growing client base.”
 
McPhee brings more than 27 years of experience within the commercial real estate industry to the firm, most recently as a Senior Vice President of Development at Macerich, where he was responsible for the oversight of all development and redevelopment activities in that firm’s Arizona portfolio.  Prior to that, he was an Executive Vice President at Catellus Development Corporation and continued with the firm following its merger with ProLogis.  McPhee earned his bachelors degree at Santa Clara University. 
 
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Our 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.