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News release


Jones Lang LaSalle Markets 12404 Park Central for Sale in Dallas

Institutional investment opportunity of Class A office complex

DALLAS, Apr. 3, 2012 —  Jones Lang LaSalle’s (NYSE: JLL) Capital Markets experts today announced the firm is marketing 12404 Park Central for sale on behalf of Oaktree Capital Management. The four-story, 239,103-square-foot trophy office building is located within the master-planned community of Park Central.

Jones Lang LaSalle’s Managing Directors John Alvarado, Jack Crews and Evan Stone are leading the team on this transaction.

“The submarket of Park Central is evolving as a high-density urban center with close proximity to major Dallas thoroughfares,” said Alvarado. “We expect 12404 Park Central to garner a significant amount of interest from institutional investors looking to take advantage of this expanding corporate market with the acquisition of a stable cash-flowing asset.”

Added Crews, “The region is home to numerous corporations,  benefitting this submarket in particular, and this property’s excellent tenant roster is evidence of this trend.”

Easily accessible from both the North Central Expressway and LBJ Freeway, 12404 Park Central is situated on 4.27 acres of land and has been institutionally owned and operated since 2004.  It also underwent a $1.5 million renovation in 2002. The building is currently leased to a diversified tenant roster, including three anchor tenants that represent 84 percent of the current occupancy. The tenants are under contractual leases, with rental revenue due to increase 3.85 percent over the next three years, enhancing investment yields.  The property is currently 86 percent leased.

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.

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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,