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News release

HOUSTON, TX

Jones Lang LaSalle Markets Two Niche Trophy Office Properties for Sale in Houston

Irreplaceable opportunity to acquire the prestigious 950 & 952 Echo Lane in Hedwig Village


HOUSTON, Mar. 26, 2012 — Jones Lang LaSalle’s (NYSE: JLL) Capital Markets experts today announced the firm is marketing a pair of niche trophy office properties for sale in Houston.  The properties, known as 950 & 952 Echo Lane, encompass nearly 190,000 square feet of Class A office space in Houston’s prestigious Hedwig Village.

Managing Director Rudy Hubbard and Vice President Leah Gallagher are leading the Jones Lang LaSalle team on this offering.

“It is a rarity to find office buildings in Houston that have an architectural structure that is classically elegant; 950 and 952 Echo Lane are reminiscent of an era when craftsmanship reigned supreme,” said Hubbard. “These properties offer potential investors an opportunity to capitalize on Houston’s constricted supply of new construction, positioning the investment to have continued growth and upside potential as absorption of space diminishes in the region.”

“Houston’s Energy Corridor office market has achieved some of the highest rental rates in the region. At the end of 2011 Class A rates peaked at more than $30 per square foot, up 16 percent annualized since the downturn in 2008,” added Gallagher.

Both 950 & 952 Echo Lane are situated on 3.8 acres of wooded land and boast unique characteristics including a stained glass ceiling atrium and four-story marble grand staircase. The properties are located in the upscale Hedwig Village, featuring one of the most impressive addresses in Houston.  They are currently 90 percent occupied.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Our in-depth local market and global investor knowledge delivers the best-in-class solutions for our 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.

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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 2011 global revenue of $3.6 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 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the worlds largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.