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News release

Atlanta, GA.

Jones Lang LaSalle Announces New Retail Leasing and Management Assignments

Firm adds more than 600,000 square feet to its third-party retail portfolio


ATLANTA, June 6, 2011 — Jones Lang LaSalle has been named the new leasing and/or property manager for five retail properties in Arkansas, North Carolina, New York and Ohio. The portfolio, owned by a variety of institutional investors, includes open-air shopping centers and a single-tenant property in Manhattan.
 
“These new assignments are noteworthy because the owners are current clients,” said Steve Yenser, Executive Vice President and Director of Open-Air, Retail division. “It’s an example of how we expanded our business by taking care of our clients and their assets.” 

The Retail division announced these new assignments: 

The Streets of West Chester: Jones Lang LaSalle was named leasing manager for the 167,915-square-foot shopping center in the Cincinnati suburb of West Chester. The firm will continue to manage the open-air mall. The center is anchored by Barnes & Noble, Rave Motion Pictures, J. Jill, Chico’s and Joseph A. Banks Clothiers. 

Parkway Center South: Jones Lang LaSalle was named leasing manager for the 130,029-square-foot open-air center in Grove City, Ohio, about 10 miles south of Columbus. Completed in 2005, the center is anchored by T.J. Maxx, Bed Bath & Beyond, Staples and PetSmart. The firm will continue as the mall’s property manager. 
 
Mellor Park Mall: Jones Lang LaSalle was named leasing manager for the 253,628-square-foot shopping center in El Dorado, Arkansas. The open-air center is owned by Multistate Holdings Inc. and its largest tenant is JCPenney.
Southern Pines Marketplace: Jones Lang LaSalle was named leasing manager for the 57,404-square-foot shopping center in Southern Pines, North Carolina. The open-air mall, completed in 2002, is about two miles east of Pinehurst Golf Club, a popular tourist destination. The center is owned by Norfolk, Virginia-based investment firm Suburban Asset Management and counts among its major tenants Stein Mart, Olive Garden and Golf Augusta. 
 
Southern Pines Marketplace: Jones Lang LaSalle was named leasing manager for the 57,404-square-foot shopping center in Southern Pines, North Carolina. The open-air mall, completed in 2002, is about two miles east of Pinehurst Golf Club, a popular tourist destination. The center is owned by Norfolk, Virginia-based investment firm Suburban Asset Management and counts among its major tenants Stein Mart, Olive Garden and Golf Augusta.

Hickory at Promenade:  Suburban Asset Management also awarded Jones Lang LaSalle the leasing for this 15,523-square-foot strip center shadow anchored by Walmart Supercenter, in Hickory, North Carolina.

475 Broadway: Jones Lang LaSalle was named property manager for the 8,400-square-foot retail space in New York City’s trendy SoHo neighborhood. Scoop NYC is the property’s only tenant. 

Southside at McEwen: Jones Lang LaSalle was awarded the management of the retail component of Southside at McEwen, a new mixed-use development in Nashville’s growing Cool Springs submarket.  Currently, the retail component consists of a 45,000 square foot Whole Foods’ freestanding building with a freestanding Bricktop’s restaurant out parcel delivering later this year.  The new development has aggressive growth plans and is planning 39,000 square feet of small shop space.  Jones Lang LaSalle also manages the office building on the property.  

As the leading retail service provider, Jones Lang LaSalle Retail boasts the largest third-party retail management portfolio in the country.  The firm's 87 million-square-foot retail portfolio consists of more than 300 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers, transportation terminals and over 6,000 retail ATM's and bank branches across 50 states. Globally, Jones Lang LaSalle (NYSE: JLL) has a retail portfolio of 269 million square feet of property under management and leasing, including more than 9,500 retail locations on four continents. Jones Lang LaSalle is the only global real estate services firm with a team of dedicated, full-time experts who deliver comprehensive and globally integrated services in Energy and Sustainability under one umbrella. The firm offers leading-edge, industry-unique technology, training and tools in energy and sustainability to maximize the benefits for its clients and the greater community.  For more information on Jones Lang LaSalle Retail, visit www.jllretail.com.

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.