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News release

LOS ANGELES, CA

Jones Lang LaSalle Awarded Leasing of 119,626-SF Office Building in El Segundo, Calif.

Property was recently acquired by Admiral Capital Real Estate Fund


LOS ANGELES, Oct. 5, 2011 – Jones Lang LaSalle has been awarded the leasing for an 119,626-square-foot office building located at 1700 E. Walnut Ave. in El Segundo, Calif.  The building was acquired earlier in the year by Admiral Capital Real Estate Fund, a newly launched partnership between USAA Real Estate Company and Admiral Capital Group formed by NBA Hall of Famer, philanthropist and 1987 U.S Naval Academy graduate David Robinson and Managing Partner Dan Bassichis.

Leading the leasing efforts for the premier property are Jones Lang LaSalle Managing Directors Steve Solomon and Chris Strickfaden and Vice President Eric Adams.

“Jones Lang LaSalle was selected for this assignment because of its senior brokerage team’s deep understanding of the South Bay office market,” said Adams.  “1700 E. Walnut is ideal for companies looking for abundant nearby amenities and a stable owner.”

1700 E. Walnut is conveniently located near Los Angeles International Airport and has immediate access to the I-405 and I-105 Freeways.  It is walking distance El Segundo's main street retail area filled with quaint shopping and a multitude of restaurants. It is also minutes from the Pacific Ocean and the popular beach communities of Marina del Ray, Manhattan Beach and Hermosa Beach.  1700 E Walnut is 90 percent leased and anchored by the Transportation Security Administration, which currently leases nearly one-third of the six story building. Other major tenants include market research firm iSuppli Corp and Otis Art Institute.

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.