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News release

ATLANTA, GA

Jones Lang LaSalle Closes Sale of Summit Point Shopping Center in Atlanta

Thompson National Properties purchased Publix-anchored center


ATLANTA, Jan. 3, 2012 — Jones Lang LaSalle’s Capital Markets experts today announced the firm has closed the sale of Summit Point on behalf of Concordia Properties, LLC.  Thompson National Properties, an Irvine, CA based investment firm, purchased the 104,572-square-foot shopping center, anchored by Publix.

Managing Directors Kris Cooper and Margaret Caldwell led the Jones Lang LaSalle team on this transaction. 

“Well located, grocery-anchored centers have remained in demand throughout the economic recovery.  We fully expect this trend to continue in 2012,” commented Caldwell.

Summit Point is located in Fayette County on GA Highway 85, approximately 12 miles south of the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, just south of Atlanta’s CBD.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

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 60 countries from more than 1,000 locations worldwide, including 185 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.