Skip Ribbon Commands
Skip to main content

News release


Jones Lang LaSalle Awarded Three State Government Contracts in the Midwest Totaling Nearly 70 Million Square Feet

Public Institutions group to reduce costs, enhance value for states of Illinois, Missouri and Kansas through real estate services contracts

CHICAGO, January 25, 2011 — Jones Lang LaSalle announced today that its Public Institutions
group has been awarded three high-profile real estate services contracts for the States of Illinois,
Missouri and Kansas. The group will be responsible for finding cost-reduction opportunities and
enhancing value within the three states’ real estate portfolios which, combined, represent nearly 70
million square feet.

Leading the Jones Lang LaSalle team on all three assignments is Kurt Little, Managing Director of the
firm’s Chicago Public Institutions group, with assistance from Julia Kirsch, Hugh Murphy, Meredith
O’Connor and Peggy Thielen from Jones Lang LaSalle’s Chicago office; Henry Voges from the St.
Louis office; and Larry Glaze and Dean Heueisen from the Kansas City office.

“We are thrilled to have been selected by the state governments of Illinois, Missouri and Kansas to
take on the critical initiative of developing and executing strategies to ensure these states’ long-term
financial health,” said Little. “In today’s economic climate, government entities are struggling to deliver
more services while using fewer resources, and we will work aggressively to identify opportunities to
optimize and extract value from their real estate portfolios.”

Jones Lang LaSalle competed in a comprehensive procurement process with many other local and
national real estate firms for each of the contracts and was selected based on its more than two
decades of success serving federal, state, city and county organizations. Other key factors in the
selection process included the firm’s dedicated client management, local market expertise,
comprehensive network of resources to support the complex nature of each assignment, and its
Capital Markets auction platform.

“Our Public Institutions group possesses an unparalleled knowledge of complex government
processes as well as a deep understanding of the financial pressures that states face in today’s
challenging economy,” said O’Connor. “We work closely with Jones Lang LaSalle’s other service line
leaders to develop value-enhancing strategies in order to make a significant impact across this very
large three-state portfolio.”

Specific initiatives for each of the three contracts include an occupancy evaluation to identify underutilized
or redundant office space, the development of a strategic plan to consolidate state properties
for maximum value and flexibility, and brokerage services to maximize value in asset disposal.

The State of Illinois owns approximately 1,200 properties and leases an additional 500 sites, totaling
more than 55 million square feet. The State of Missouri’s real estate holdings include more than 8
Jones Lang LaSalle is Awarded Three State Government Contracts in the Midwest Totaling Nearly 70
Million Square Feet million square feet across the state - a diverse portfolio with concentrations in St. Louis, Kansas City
and Jefferson City. The State of Kansas’ portfolio consists of approximately 6 million square feet of
property, from office buildings in Topeka and Kansas City to correctional facilities and open land.

Jones Lang LaSalle’s Public Institutions group assists government entities in understanding and
leveraging the value of their real estate assets to lower costs and improve cash flow. With a deep
understanding of the politics, complex laws, regulations and policies that affect government real
estate, the group provides services across the complete real estate lifecycle. Specialties include
strategic portfolio analysis, brokerage, facility and project management, and public-private

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 2009 global revenue of
$2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including
180 corporate offices. The firm is an industry leader in property and corporate facility management
services, with a portfolio of approximately 1.6 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 approximately $40 billion of assets under management. For further
information, please visit our website,