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News release

Atlanta, GA.

Jones Lang LaSalle Boosts National Industrial Capital Markets Practice with Southeast Hire

Lathan Allen joins as Managing Director in Atlanta


ATLANTA, July 06, 2011 — Jones Lang LaSalle today announced it has strengthened its industrial national Capital Markets business with the hiring of Lathan Allen in Atlanta.  Allen joins the firm as a Managing Director and will focus on the industrial investment sales sector in the Southeast under the direction of Managing Director and national head of industrial capital markets, John Huguenard.

“We’re seeing a huge uptick in transaction volume from the industrial sector in all parts of the country, and Atlanta, in particular, is poised for a very strong recovery,” said Huguenard.  “Lathan’s past experience as an owner and manager of industrial warehouse and flex office space makes him uniquely qualified to share his expertise with clients and their increasing demands in the Southeast.”  

Added Clark Gore, Jones Lang LaSalle’s Atlanta Market Director, “Atlanta’s industrial investment sales volume more than doubled from 2009 to 2010 to nearly $600 million.  We expect to see even greater demand in 2011. Lathan’s connections throughout the community will be invaluable as we continue to focus on this very healthy sector of the commercial real estate industry.”

Allen brings more than 15 years of experience within the industrial investment sales sector, focusing on acquisitions, development leasing and management of institutional grade industrial warehouses.  He’s been involved in complex venture structuring and sales with public REITs, pension fund advisors, insurance companies, private equity funds and other institutionally backed investment companies.  During his career, he’s also been an owner of in excess of four million square feet and managed more than 16 million square feet of industrial property.  Previously, Allen was a Founder and Managing Partner at Augustus Holdings and prior to that was a Co-Founder and Managing Partner at Taurus Industrial Development.  Allen earned his bachelors degree at the University of North Carolina at Chapel Hill and his master of business administration from the University of Georgia.  He is also a member of NAIOP.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Our 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.