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News release

Jones Lang LaSalle Completes Full Building Lease Renewal with Information Systems Laboratories at Sorrento Tech I


SAN DIEGO, August 23, 2011 — Jones Lang LaSalle represented Bixby Kibbee, LLC, owners of Sorrento Tech I, in a 30,097-square-foot, 72-month lease renewal valued at $2.285 million with technology development company Information Systems Laboratories.

Chad Urie, Executive Vice President, and Ryan Grove, Senior Vice President, of Jones Lang LaSalle represented the landlord, Bixby Kibbee, LLC. Don Mitchell of CresaPartners represented the tenant, Information Systems Laboratories.
Sorrento Tech I, located at 10070 Barnes Canyon Road in the Sorrento Mesa submarket of San Diego, is a freestanding flex R&D building that serves as the headquarters office for Information Systems Laboratories. The technology development company occupies the entire building.

“We were happy to retain Information Systems Laboratories in this challenging leasing environment,” said Urie. “At the end of the day, they realized that Sorrento Tech I is one of the best-located R&D buildings in Sorrento Mesa, and that the facility met their near- and long-term objectives.”

Jones Lang LaSalle is a leader in the San Diego commercial real estate market. The firm employs approximately 45 of the area’s most recognized industry experts offering services in brokerage, capital markets, facility management and project development services. In 2010, the San Diego team completed 1,448,307 square feet in lease transactions and directed $34.5 million in project management and currently leases and/or manages more than 5.5 million square feet in the market.

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 1000 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 more than $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.