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News release

New York, NY.

Jones Lang LaSalle Completes 16,350-SF Lease for GuardHill Financial at 140 East 45th Street in New York

Mortgage banker, brokerage firm to occupy entire 31st floor at Class A, 667,000-SF office tower


NEW YORK, June 27, 2011 — Jones Lang LaSalle has completed a new direct lease for GuardHill Financial Corp. with Boston Properties Inc. at 140 East 45th Street, also known as 2 Grand Central Tower. The mortgage banker and brokerage firm signed at 10-year lease for 16,350 square feet at the Class A, 667,000-square-foot office building.

GuardHill Financial was represented by Scott Panzer, vice chairman, Howard Hersch, vice president, both with Jones Lang LaSalle’s New York office. The team worked closely with Alan Rosenbaum of Sands Point Properties. The building owner was represented by William Cohen, executive vice president and principal, and Matthew Leon, senior managing director, with Newmark Knight Frank.

“GuardHill Financial had outgrown its existing facility and sought new, larger offices in Midtown,” said Panzer. “Jones Lang LaSalle was able to locate an entire floor at 140 East 45th Street that provided the mortgage banker and brokerage firm with nearly 40 percent more space in a high-end building that was recently renovated. In addition, 2 Grand Central Tower offered the tenant tremendous natural light and spectacular views along with a very convenient central location in Midtown.”

GuardHill Financial signed a direct lease for 16,350 square feet and will occupy the entire 31st floor at 140 East 45th Street, which is located between East 44th and East 45 streets. The mortgage banker and brokerage firm is relocating to the property from its existing offices at 950 Third Avenue.

Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.

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, http://www.joneslanglasalle.com/.