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News release

Wilmington, DE

Jones Lang LaSalle Secures $59 Million of Financing for Class A Delaware Office Properties

Macquarie Office Trust obtains loan with attractive debt on core Wilmington assets

WILMINGTON, DE, MAY 27, 2009 — In the midst of the headwinds in the debt markets, Jones Lang LaSalle has secured $59 million of financing for One & Three Christina Center, two Class A office buildings located in Wilmington, Delaware.  The senior loan was provided by Natixis Real Estate Capital, Inc.
Jones Lang LaSalle’s Real Estate Investment Banking (REIB) team of Managing Director Bart Steinfeld, Senior Vice President Mathew Comfort and Analyst Brian Huben handled this assignment for Macquarie Office Trust.
“Despite the continued constraints within the capital markets, we were able to leverage our global relationships to secure a highly competitive loan through a very strong lender,” said Mr. Steinfeld.  “We are seeing increased interest from foreign lenders, especially for well-positioned, high-performing assets such as One & Three Christina.”
One & Three Christina Center is centrally located in the Wilmington CBD submarket, which is part of the larger Philadelphia Metro Area Office Market.  The 632,797-square-foot Class A property is 100 percent occupied to high quality, long-term tenants.  The property also boasts an optimal location, directly across from Wilmington Station, just off I-95 and I-495, two major highway arteries connecting Wilmington with Philadelphia, Washington D.C. and New York. 
Jones Lang LaSalle Capital Markets is composed of a broad range of real estate investment debt and equity specialists, and corporate finance experts, working on all property types and in all the major national markets on behalf of major institutional and local investors and developers, as well as corporations.  The firm's Capital Markets professionals are highly skilled at pinpointing and tailoring the right capital solutions for each of these client's needs.   The Investment Sales teams assist investors in developing and executing asset recapitalization strategies for office, industrial, retail, multifamily, healthcare and seniors housing product. The firm’s Real Estate Investment Banking experts, which leveraged their relationships to secure the 1&3 Christina loan, raise debt and joint venture equity for investors and developers, and provide derivatives structuring and loan sale advisory services.  The Corporate Capital Markets professionals help corporations develop and execute strategies that bridge their occupancy, capital deployment and financial reporting objectives for their facility portfolios.  The Development and Asset Strategy team specializes in the sale of non-income-producing properties in their various forms from vacant buildings to raw land to entitled parcels and partially completed subdivisions.  The firm's Value Recovery Services assist clients by creating value while managing risks through evaluating operational and occupancy needs, providing receivership services, asset management, raising capital through sales-leasebacks and providing leasing and recapitalization strategies. In the past two years, the firm’s Capital Markets team handled $117 billion of transaction volume.
About Macquarie Office Trust
Macquarie Office Trust is a listed real estate investment trust with assets located in Australia, the United States, Western Europe and Japan.
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 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 more than $41 billion of assets under management. For further information, please visit our Web site,