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News release

Albany, NY

Jones Lang LaSalle Appointed to Lease and Manage Colonie Center in Albany, NY


ALBANY, NY, 5 June, 2009 — Jones Lang LaSalle has been named the new property and leasing manager for Colonie Center, an award-winning 1.3 million-square-foot enclosed mall in Albany, New York. 
 
Built in 1966, the two-level center contains 100 shops and is anchored by Boscov’s, Macy’s and Sears.  The center is located five miles from downtown Albany, close to the I-87 and I-90 Interchange.  It has recently undergone a $108 million renovation that added a new state-of-the-art 13-screen Regal Cinema theatre, a 30,000 square-foot L.L Bean - the first in New York State, The Cheesecake Factory, P.F. Chang’s and a new Sephora store. The remodelling also added new seating areas with TVs and a two-level fireplace, enhancing the comfortable environment for shoppers.
 
Lane Walsh, vice president of retail leasing at Jones Lang LaSalle, leads the leasing efforts at the mall; Jones Lang LaSalle’s Joe Millett is the manager.
 
“Colonie Center is a premier mall in one of New York State’s most affluent areas,” said Greg Maloney, President and CEO of Jones Lang LaSalle Retail.  “Its great mix of retail, dining and entertainment offerings draws a large customer base from the state as well as Canada. We are thrilled to handle both leasing and management for this mall and look forward to bringing our expertise to bear.”
 
For the second consecutive year, Colonie Center has been selected for the ‘Best of Albany Award’ (2009) in the Shopping Centers and Malls category by the U.S. Local Business Association (USLBA).  The USLBA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category.
 
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 $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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