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News release

CHICAGO, IL

Jones Lang LaSalle Brings Unparalleled 1.2MSF Class A Portfolio to Market in Suburban Chicago

Portfolio includes Corporate 500 Centre, One Parkway North, and Pointe O’Hare


CHICAGO, Jan. 05, 2012 — Jones Lang LaSalle’s Capital Markets experts today announced the firm has been hired to bring an unparalleled investment opportunity to market in suburban Chicago.  The 1.2-million-square-foot suburban Chicago Class A office portfolio is available for sale or joint venture.  The portfolio includes Corporate 500 Centre, One Parkway North and Pointe O’Hare and potential investors will be required to purchase a minimum of 49 percent equity interest.

Jones Lang LaSalle’s Managing Directors Jim Postweiler and Bruce Miller, along with Vice President Jascint Vukelich and Associate Nooshin Felsenthal are leading the team on this transaction, while Capital Markets President Jay Koster and Managing Director Steve Collins will provide international expertise.

“This portfolio offers potential investors a rare chance to invest in some of the highest quality assets in the Chicago marketplace,” said Postweiler.  “These properties will generate immediate core-plus returns along with minimal risk for potential investors from all over the world.”

Added Koster, “We’ve seen a near doubling of foreign investment in the United States in 2011 and we expect that trend to continue in the year ahead.  International investors are drawn to the cheaper dollar and strong fundamentals, and this portfolio represents a singular opportunity to capitalize on those factors.”

Corporate 500 Centre is a 697,672-square-foot, four-building campus located in Deerfield within walking distance of the Lake Cook Road Metra train stop.  The properties include 500, 510, 520 and 540 Lake Cook Road.  One Parkway North is a 271,498-square-foot property, also located in Deerfield.  Pointe O’Hare is a 270,512-square-foot property located at 9550 West Higgins Road in the O’Hare submarket of Rosemont.  The weighted average occupancy of the portfolio is 92 percent. 

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.