Skip Ribbon Commands
Skip to main content

News release

ATLANTA, GA

Jones Lang LaSalle Selected to Manage Heritage Mall in Albany, Oregon

Firm to lease and manage dominant regional center area


ATLANTA, October 11, 2011 — Jones Lang LaSalle today announced that it was named as the property and leasing manager for Heritage Mall, a 407,354-square-foot regional shopping center located in Albany, Oregon.

Located at the heart of Albany’s retail district, Heritage Mall is the dominant regional center in its primary trade area. Albany, the county seat of Linn County, is home to Linn-Benton Community College’s 23,000 students and is easily accessible to Oregon State University’s students, whose campus is just 15 minutes away.

Heritage Mall houses more than 60 retailers and restaurants and is anchored by retail giants Target (whose regional distribution center is also in Albany), Sears, Ross Dress for Less and Old Navy. The property’s 2006 remerchandising operation modernized and expanded the space to attract apparel, home furnishing and food tenants, such as Carinos Italian Grill, rue21, Kay Jewelers, Maurices, GameStop and Sally Beauty Supply.

“Heritage Mall is ideally situated to accommodate the retail and consumer needs of the diverse local economy,” said Greg Maloney, President and CEO of Jones Lang LaSalle Retail. “As home to families serving Linn County’s local government and in the health care and technology industries – as well as local college students – there’s something for everyone in this broad demographic. We look forward to bringing our national expertise to this community.”

As the leading retail service provider, Jones Lang LaSalle Retail manages the largest third-party retail portfolio in the country.  The firm's 98 million-square-foot retail portfolio consists of more than 350 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers, transportation terminals and over 18,000 retail ATM's and bank branches across 50 states. Globally, Jones Lang LaSalle (NYSE: JLL) has a retail portfolio of 278 million square feet of property under management and leasing, including more than 21,600 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.joneslanglasalle.com.