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News release

Los Angeles, CA.

Jones Lang LaSalle Completes 70,000-SF Office Lease with Lockton Insurance Brokers in Downtown Los Angeles


LOS ANGELES, June 27, 2011 — Jones Lang LaSalle represented Lockton Insurance Brokers, LLC in a lease renewal for 71,981 square feet of office space at Ernst & Young Plaza, a 41-story, 915,316-square foot, Class A office building at 725 S. Figueroa St., in downtown Los Angeles.  

Jones Lang LaSalle’s team of Managing Director Tony Morales, Senior Vice President Christina Noonan and Senior Associate Maureen Hawley represented Lockton in the transaction.  The property owner, EYP Realty, LLC, was represented in-house by John Barganski.

“We used our deep knowledge of the local market to explore alternative buildings to acquire or lease for Lockton’s regional headquarters,” said Noonan.  “Ultimately, the firm decided to stay at its current location, as we were able to negotiate favorable terms that enabled Lockton to reduce its rent and provide for future expansion.”

About Lockton Insurance Brokers, LLC

Lockton Insurance Brokers, LLC is the Southern California subsidiary of Lockton Companies, the largest independent, privately owned, global insurance broker that employs more than 4,100 professionals.  Lockton provides more than 15,000 clients around the world with insurance, benefits, and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, USA, Lockton has grown to become the largest privately held insurance broker in the world and 9th largest overall.  Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies.  Business Insurance has twice recognized Lockton as a “Best Place to Work in Insurance.”  You can learn more at www.lockton.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.