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News release

Atlanta, GA

Jones Lang LaSalle Wins a Baker’s Dozen of New Retail Assignments

Firm sees uptick in retail outsourcing including accounting services


ATLANTA, Aug. 8, 2011 — Illustrating the trend of mall owners streamlining their real estate operations, Jones Lang LaSalle today announced it has been chosen for 13 new retail services assignments including property management, leasing and accounting services for a variety of owners throughout the United States. During the first half of 2011, Jones Lang LaSalle has added 22 new retail assignments totaling more than 5.3 million square feet of space.

Jones Lang LaSalle (JLL) has been selected for the following assignments:

Chico Mall: JLL was chosen to lease and manage this 505,314-square-foot regional shopping center located just north of Sacramento in Chico, Calif.  This shopping mecca is anchored by Forever 21, JCPenney and Sears, and is home to more than 70 additional shops and restaurants. 

Providence Marketplace:  JLL was selected to lease and manage this 103-acre shopping center that is the gateway to Providence, a 1,000-acre mixed-use, master-planned community in the eastern suburbs of Nashville, Tenn.  Providence Marketplace is anchored by Belk, Best Buy, JCPenney, Kroger and Target to name a few. It also boasts outparcel restaurants including Red Lobster, Olive Garden and more. 

StoneCrest at Piper Glen:  JLL was also selected to manage this 419,914-square-foot, open-air life-style shopping center located in highly desirable south Charlotte, N.C. The center is anchored by Borders, Harris Teeter, Regal Cinemas and Target.

The Shoppes at Live Oak:  The Shoppes at Live Oak:  Multistate Holdings awarded JLL the leasing and management of Live Oaks, an 11,750-square-foot open air center in Tampa, Fla., anchored by Firestone Complete Auto Care.

The Shops at Greenridge:  JLL will now manage this high-profile power center well located in Greenville, S.C., with easy access to I-385 and I-85.  The Shops at Greenridge is 611,369 square feet and is anchored by Barnes & Noble, Best Buy, Marshall’s, and Lowe’s. 

Temecula Town Center:  JLL was assigned the leasing and management of this 550,000-square-foot open air-center located just off of I-15 in Temecula, Calif.. The center is anchored by CVS, Target and Vons.

The Village at Fairview:  The MGHerring Group selected JLL to lease The Village at Fairview, a mixed-use development with one million square feet of retail space, located in Fairview, north of Dallas, in Collin County. The retail component opened in summer of 2009 and boasts retailers such as Dillard’s, Macy’s, JCPenney, The Container Store and Whole Foods Market, as well as more than 450,000 square feet of specialty shops and restaurants.

Toringdon Market:  JLL was named as the manager of Toringdon Market, a 60,435-square-foot, upscale neighborhood shopping center in Charlotte, N.C.. The center is anchored by specialty grocer, EarthFare.

Uptown Village at Cedar Hill:  The MGHerring Group also selected JLL to lease Uptown Village at Cedar Hill, a master planned development totaling more than 615,000 square feet of space including 350,000 square feet of specialty shops and restaurants. Located in Cedar Hill, south of Dallas, Uptown Village is home to Dillard's, Barnes & Noble, Dick’s Sporting Goods and Old Navy along with many other specialty retailers and restaurants. 

Jones Lang LaSalle will also provide accounting services which entails overseeing all accounts receivable and payable, forecasting and budgeting as well as lease accounting services for Fashion Crossing (North Attleborough, Mass.), Marketplace at Hamden (Hamden, Conn.), and Taunton Crossing (Taunton, Mass.).  Navy Pier, Inc., also chose the firm to provide accounting services to Navy Pier in Chicago, Ill.

About Jones Lang LaSalle Retail
As the nation’s leading retail service provider, Jones Lang LaSalle Retail manages the largest third-party retail portfolio in the country.  The firm's 92-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 18,000 retail ATMs and bank branches across 50 states. Globally, Jones Lang LaSalle (NYSE: JLL) has a retail portfolio of 272 million square feet of property under management and leasing, including more than 21,000 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 70 countries from more than 1,000 locations worldwide, including 200 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 $45.3 billion of assets under management. For further information, please visit our website, www.us.joneslanglasalle.com.