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News release

Newport Beach, CA.

Jones Lang LaSalle Completes New 9,656 SF Office Lease for Kinecta Federal Credit Union in Newport Beach, Calif.


NEWPORT BEACH, Calif., June 6, 2011 — Jones Lang LaSalle announced today that it has represented Kinecta Federal Credit Union in its new lease of 9,656 square feet of office space at Redstone Plaza, a 174,817-square-foot office property at 4041 MacArthur Blvd., in Newport Beach, Calif. The new space will be used for the firm’s regional mortgage center to serve the needs of Orange County residents by providing a variety of residential and commercial mortgages and loans.

Jones Lang LaSalle Executive Vice President Wade Clark represented Kinecta in the transaction.  The property owner, Variable Annuity Life Insurance Company, was represented by James Estrada of Cushman & Wakefield.

Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $3.5 billion in assets and serving over 220,000 member-owners across the country. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Insurance Services, and Kinecta Alternative Financial Solutions. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is solely owned by its members.
 
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.