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News release

RICHMOND, VA

Jones Lang LaSalle Selected to Lease and Manage Regency Square Mall in Richmond, Virginia


RICHMOND,  Jan. 5, 2012 — Jones Lang LaSalle today announced that it was selected as the property and leasing manager for Regency Square Mall, a 820,000-square-foot regional shopping center located in Richmond, Virginia.  Jones Lang LaSalle will work with the current Taubman management team for a one month transition period.

Centrally located in the heart of Richmond’s West End, Regency Square is an 820,000 square foot shopping center, built in 1975, and anchored by Macy’s (two locations), JCPenney and Sears. The mall features a comprehensive mix of fashion and lifestyle retailers including Aldo, Charming CHARLIE, Sephora, and XXI Forever. Regency Square also features Texas de Brazil Steakhouse, Wings-Pizza-N-Things restaurant and an extensive Food Court which offers shoppers a variety of dining options.

“Regency Square is an outstanding mall ideally located in the heart of Virginia’s capital city,” said Greg Maloney, President and CEO of Jones Lang LaSalle Retail. “Our team will find solutions and efficiencies that capture the value of everything that Regency Square has to offer.”

As the leading retail service provider, Jones Lang LaSalle Retail manages the largest third-party retail portfolio in the country.  The firm's 98 million-square-foot retail portfolio consists of more than 350 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers, transportation terminals and over 18,000 retail ATM's and bank branches across 50 states. Globally, Jones Lang LaSalle (NYSE: JLL) has a retail portfolio of 278 million square feet of property under management and leasing, including more than 21,600 retail locations on four continents. Jones Lang LaSalle is the only global real estate services firm with a team of dedicated, full-time experts who deliver comprehensive and globally integrated services in Energy and Sustainability under one umbrella. The firm offers leading-edge, industry-unique technology, training and tools in energy and sustainability to maximize the benefits for its clients and the greater community.  For more information on Jones Lang LaSalle Retail, visit www.jllretail.com.
 
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.