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News release

MIAMI, FL

Jones Lang LaSalle Wins Leasing and Management Assignment at The Lincoln in Miami Beach

Real Estate Capital Partners awards Jones Lang LaSalle the Exclusive Leasing and Management Assignment for Office and Retail Space at Prestigious Miami Beach Property.


MIAMI, Oct. 7, 2011 — Real Estate Capital Partners has awarded Jones Lang LaSalle the exclusive leasing and management assignment for the office and retail space at The Lincoln, a prominent mixed-use development in the bustling South Beach district of Miami Beach. The six-story building, located at 1691 Michigan Avenue north of Lincoln Road, features 160,000 square feet of Class-A office space and retail space.

Jones Lang LaSalle’s Jonathan Kingsley, Senior Vice President, and Stephen Rutchik, Senior Vice President, are leading the leasing and management assignments.

“We are honored to have the opportunity to lease and manage this prestigious mixed-use building,” said Stephen Rutchik. “In addition to offering office tenants excellent business amenities and a high-tech building infrastructure including fibre-optic wiring, this building provides a unique location in the heart of a world-class entertainment district which is now emerging as an increasingly important office market.”

Designed by the renowned firm Arquitectonica, The Lincoln features ground-floor retail, six floors of office space and a connected six-level, 709-space parking garage. The building is in walking distance to the Lincoln Road promenade of more than 200 shops, restaurants and cafes, and is also near luxury hotels such as Loews Miami Beach, the Royal Palm and the Delano. 
  
Jones Lang LaSalle has approximately 526 employees providing real estate expertise across all major markets in Florida including leasing, both tenant and landlord representation, property management, project and development services and investment sales. Jones Lang LaSalle’s Florida leasing and management portfolio has more than doubled in the past year to 23 million square feet which includes some of the state’s most iconic buildings.  The firm was recently named one of ‘Florida’s Best Companies to Work For’ by Florida Trend magazine.

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.joneslanglasalle.com.