Skip Ribbon Commands
Skip to main content

News release

CHICAGO, IL

Jones Lang LaSalle Wins Nearly 3.6 Million Square Feet in Leasing and Management Assignments from Equity Office Properties Trust

Jones Lang LaSalle wins substantial investor services portfolio in Florida, Chicago and Atlanta


CHICAGO, Dec. 15, 2011 – Jones Lang LaSalle has been awarded a portfolio of 36 Property Management and/or Leasing assignments—totalling almost 3.6 million square feet of commercial real estate —within Equity Office Properties Trust’s (EOP) portfolio.

“This is a great win for our landlord leasing team,” said Gregory Green, President of Jones Lang LaSalle’s National Agency Leasing Group. “The fact Equity Office Properties has entrusted the firm with nearly 40 percent of this portfolio, demonstrates client confidence in our leading position in these markets.”

Dan Pufunt, President of Property Management, noted that Equity Office and other investor clients increasingly look to Jones Lang LaSalle’s investor services platform, which combines a holistic approach to adding value to a portfolio through innovative leasing, property management and capital markets techniques, to maximize the value of their assets.
“Our partnership with EOP will allow us to deliver our products, services and expertise to achieve operating efficiencies in every EOP building,” Pufunt said. “Our management team has already customized our services to drive value across EOP’s portfolio.”

EOP awarded the firm 1,178,134 square feet to manage and lease in Florida, including Highland Oaks I, II, III, IV, and V Class A suburban office buildings in a master planned office park in Tampa that touts a fitness center, a deli and a Hilton Garden Inn on site; Northpoint I, II and IV Class A suburban office buildings in Lake Mary, Fla; and Class A suburban Celebration Business centers I and II, and Celebration Office centers I and II in Celebration, Fla.

Jones Lang LaSalle has approximately 526 employees providing real estate expertise across all major markets in Florida including leasing, both tenant and landlord representation, property management, project and development services and investment sales. Jones Lang LaSalle’s Florida leasing and management portfolio has more than doubled in the past year to 23 million square feet which includes some of the state’s most iconic buildings.  The firm was recently named one of ‘Florida’s Best Companies to Work For’ by Florida Trend magazine.

In the Chicago area, where Jones Lang LaSalle already has a longstanding presence, the leasing team was awarded 1,168,491 square feet, including Executive Towers I, II and III in Downers Grove, Ill., with convenient access to an adjacent Marriott Suites Hotel featuring a conference, hotel and health facilities; 2275 Cabot Drive in Lisle, Ill.; Oakmont Tech Center in Westmont, Ill.; 2000 York Rd. in Oak Brook, Ill.; and Atrium II in Arlington Heights, Ill.

In the Atlanta area, the leasing team was awarded 1,250, 629 square feet, including Sugarloaf offices I, II, III, IV, V, VI, VII at the Business Park at Sugarloaf in Duluth, Ga.—a mixed use park comprised of nearly 500,000 square feet of Class A single-story and multi-story office space in seven buildings and 750,000 square feet of industrial space in seven buildings.

In addition, the leasing team also won 6650 Sugarloaf Pkwy., 3805 and 3885 Crestwood Pkwy., 2850 Premiere Pkwy., and Hampton Green Office I, all in Duluth, Ga.; as well as Huntcrest I, II, III and IV in Lawrenceville, Ga.

Jones Lang LaSalle’s Investment Services group principally includes property management, agency leasing and investment sales. The team focuses on the lifecycle of the asset by serving the client through all stages including: acquisition, building positioning, capital improvements, re-stack, lease-up, building stabilization, to possible refinance, tenant retention and eventually disposition.

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 more than $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com