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News release

LOS ANGELES, CA

Jones Lang LaSalle Closes $45 Million Sale of El Segundo Office Building

Mattel Global Design Center triple-net, long-term leased to Mattel, Inc.


LOS ANGELES, Jan. 5, 2012 — On behalf of Kilroy Realty Corporation, Jones Lang LaSalle’s Capital Markets experts today announced the firm has closed the sale of 2031 E. Mariposa Ave. in the Los Angeles submarket of El Segundo.  The 192,053-square-foot office building is 100 percent triple-net leased to Mattel, Inc. through 2026.  It serves as the company’s Global Design Center.  AG Net Lease Fund II, an affiliate of Angelo, Gordon & Co. purchased the property for $45 million.

Jones Lang LaSalle’s Managing Directors Bob Prendergast and Lynn LaChapelle and Vice President Baker Morphy led the team on this transaction, while Executive Vice President Sam Foster provided market and leasing guidance.

“This property proved highly desirable to a whole host of investors who understood the appeal of a stabilized asset leased to a credit tenant in one of the strongest, high barrier-to-entry markets in the Los Angeles region,” said Prendergast.  “AG Net Lease Fund II made a strategic investment that will pay considerable dividends in the future.”

The 2031 E. Mariposa Ave. site consists of nearly 10 acres on a flag-shaped lot.  It was originally constructed in the 1950’s as a distribution building and includes a sizeable loading area and abundant space for parking and trailer storage.  Mattel has occupied the property for more than 21 years and has invested considerable capital to upgrade it.  El Segundo is Mattel’s global headquarters and the company occupies nearly 720,000 square feet in the immediate area.  The property is contiguous to three adjacent buildings that are also occupied by Mattel, giving the company a “campus” configuration.

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.