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News release

MARINA DEL REY, CA

Jones Lang LaSalle Completes 34,544-SF Office Flex Lease with C3 Jian in Marina del Rey, Calif.


MARINA DEL REY, CALIF., Oct. 13, 2011 — Jones Lang LaSalle announced today that it has completed a new 10-year lease with C3 Jian for 34,544 square feet of office flex space in a 60,500-square-foot life science building previously occupied by Abraxis located at 4503 Glencoe Ave. in Marina del Rey, Calif. C3 Jian, will use the new space for biomedical research and production. The transaction is valued at more than $10 million.

Jones Lang LaSalle’s Managing Director Chris Strickfaden teamed with Scott Dobbins, in house with property owner Hankey Investment Company, to conclude the transaction for ownership.  C3 Jian was represented by Mathew Miller of CRESA Partners.

4503 Glencoe Ave. is part of the 11 acre, four building Marina Business Center at the western terminus of the 90 Freeway in Marina del Rey.  The lushly landscaped project includes office, medical, biomedical, data center and creative office uses.

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.