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News release

CHARLOTTE, NC

Jones Lang LaSalle Agency Team Secures Largest Assignment in 2012 for DRA Advisors and Mainstreet Capital Partners


CHARLOTTE, March 29, 2012 – Jones Lang LaSalle today announced that its Agency Leasing Group secured its largest office assignment thus far in 2012: 482,727 square-feet for a joint venture between DRA Advisors LLC and Mainstreet Capital Advisors, both real estate investment and management firms specializing in real estate joint ventures with institutional partners.

The assignment, secured by Jones Lang LaSalle’s Charlotte-based team led by Senior Vice President Charles Jonas, consists of two properties in Charlotte’s University Research Park:
  • Five Resource Square, a Class-A, 151,775 square-foot office building located at 10715 David Taylor Drive. The property received an Energy Star label in 2010 for its operating efficiency, features classically designed floorplans with idyllic views, as well as direct accessibly from I-85, and is only minutes from I-77 and the new I-485 Outerbelt. 
  • Cambridge Corporate Center, a Class-A, 339,000 square-foot office building located at 10101 Claude Freeman Drive, features a quiet, “campus-like” setting, with convenient access from I-85, I-77, and I-485.   The building has a unique amenity package for tenants including “mission critical” infrastructure and triple redundant power supply, a fitness facility, a snack shop/deli, and bright open suites offering tenants an unparalleled office environment.

Jones Lang LaSalle has operated in the Carolinas since 1999, managing local transactions and properties on behalf of clients headquartered across the region from its offices in Charlotte and Raleigh. Its property expertise ranges from corporate headquarters to data centers and from industrial properties to bank branches.  Jones Lang LaSalle leases more than 3.6 million square feet in the Charlotte region and manages 31.3 million square feet of assets across the Carolinas.

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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 world’s 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.
 
About DRA Advisors LLC
DRA Advisors LLC is a New York-based registered investment advisor specializing in real estate investment management services for institutional and private investors, including pension funds, university endowments, foundations and insurance companies. Founded in 1986, the firm currently manages over $9 billion in assets. Additional information about DRA can be found on its website at http://www.draadvisors.com.
 
About Mainstreet Capital Partners
Mainstreet Capital Partners is a real estate investment and management firm specializing in real estate joint ventures with institutional partners. Established in 1999 by Paul J. Kilgallon, Mainstreet Capital Partners seeks to align itself with investment partners by sourcing investment opportunities in the southeastern and southwestern United States. Additional information about Mainstreet Capital Partners can be found on its website at http://mainstreetcapital.com/.