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News release

NEW YORK, NY

Jones Lang LaSalle Selected to Lease 1140 Avenue of the Americas in New York

Firm to oversee office leasing, marketing at newly renovated, Class A, boutique, 250,000-SF office building located in the Bryant Park neighborhood


NEW YORK, October 14, 2011 — Jones Lang LaSalle was selected as exclusive office leasing agent for 1140 Avenue of the Americas. The company will be responsible for commercial leasing and marketing efforts for the newly renovated, Class A, boutique, 250,000-square-foot office building.

Blackstone is well known for its success in transforming the fully leased 1095 Avenue of the Americas into a true trophy property and is employing a similar strategy with this asset. 1140 Avenue of the Americas has a new glass façade, new lobby, new elevators, and redesigned mechanicals and infrastructure. It offers an ideal, efficient side core floor plate of 12,750 square feet that is easily adaptable to the needs of tenants such as financial services companies and law firms.
The office property features three penthouse floors with 5,000 square feet of usable terraces enhanced by Central Park and Bryant Park views. Ownership will grant significant building exterior and interior signage rights for larger tenants.

The Jones Lang LaSalle team overseeing the office leasing assignment is led by Douglas Neye, senior vice president, and Ryan Masiello, vice president, and includes Michael Shenot, managing director, Paul Glickman, vice chairman, and Derek Trulson, managing director.

“This building offers a unique opportunity for small- to medium-sized tenants to have a significant presence in an effectively new building within the Bryant Park district,” said Neye. “A high-end, Gensler-designed pre-build campaign is under way, and ownership will complete the entire 12th floor on spec in the next few weeks.”

Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.

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.