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News release

Atlanta, GA.

Jones Lang LaSalle Markets Paradise Crossing Shopping Center for Sale in Atlanta

Grocery-anchored retail property offers upside potential


ATLANTA, June 2 2011 — Jones Lang LaSalle today announced the firm has been hired by The Simpson Organization to market Paradise Crossing Shopping Center for sale in the Douglasville/Lithia Springs submarket of Atlanta, Georgia.  The 67,970-square-foot retail offering is anchored by a national grocery chain and has a mix of national, regional and local tenants.

Leading the Jones Lang LaSalle team on this transaction are Managing Directors Kris Cooper and Margaret Caldwell.  

“At 92 percent leased, the property presents an opportunity for investors to acquire a Publix grocery anchored center with a long-term anchor lease and strong sales in the Atlanta area,” said Cooper.  “Most retail investors are currently targeting quality grocery-anchored retail properties with some small shop space.”

Paradise Crossing intersects at Lee Road and Highway 92/Fairburn Road, which connects directly to Interstate 20 three miles away.  The property currently has four remaining vacancies, totalling 5,500 square feet.

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.