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News release

THOUSAND OAKS, CA

Jones Lang LaSalle Completes 42,673-SF Office Lease with Guitar Center in Thousand Oaks, Calif.


THOUSAND OAKS, CALIF., Dec. 19, 2011 — Jones Lang LaSalle represented Guitar Center in a new lease for 42,673 square feet of office space at Lakeview Corporate Center, a 261,000-square-foot office building located at 112 S. Lakeview Canyon Road in Thousand Oaks, Calif. Guitar Center will use the space for a regional office.

Jones Lang LaSalle’s Los Angeles Managing Directors Gary Horwitz and Jim Lindvall and Vice President Kamil Agha represented Guitar Center in the transaction.  The property owner, LBA Realty Fund III – Company VII, LLC, was represented by Lee Black and Jared Smits of NAI Capital.

“Guitar Center was focused on finding a high-quality building featuring abundant, nearby amenities within close proximity to its headquarters,” said Horwitz.  “We were able to negotiate lease terms with a sophisticated landlord who understood Guitar Center’s needs with regard to timing and lease economics.”

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