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News release

DALLAS, TX

Jones Lang LaSalle Awarded 171,956 SF Leasing Contract in Dallas by Caddo Holdings LLC


DALLAS, Apr. 6, 2012 – Jones Lang LaSalle has been selected by Caddo Holdings LLC to exclusively lease 171,956 square feet of office and retail space in Dallas’ Uptown submarket. The portfolio includes 75,956 square feet at 3400 Carlisle Street and 96,000 square feet at 2811 McKinney Avenue. These two boutique retail and office buildings, along with 2501 Cedar Springs Avenue, were acquired in October 2011 by Caddo Holdings. Jones Lang LaSalle’s Jeff Eckert, Senior Vice President, and Blake Shipley, Vice President, will lead the leasing efforts.

Both buildings are located in Uptown, one of Dallas’ most prominent and dynamic submarkets. They offer covered parking, retail space on the ground floor and onsite amenities, and are walking distance from fitness, restaurant, and retail shops. The five-story 3400 Carlisle Street building, which is 90 percent leased, sits on the southern edge of the Park Cities, contains a Bank of America full retail branch and drive-through, and has direct access to the popular Katy Trail. The three-story 2811 McKinney Avenue building, which is 86 percent leased, offers a unique courtyard setting, prestigious McKinney Ave address and surrounding restaurant and retail amenities. Both buildings are on the McKinney Avenue trolley line.

“These buildings are very attractive to potential tenants because of the location, ownership and immediate access to superb amenities & housing,” said Eckert. “Uptown is leading the charge with respect to the new ‘urbanism’ taking shape in Dallas and has become one of the city’s most sought-after locations to live, work and play.”

Caddo’s portfolio also includes 2501 Cedar Springs, the headquarters of Crosstex Energy, and the Lakewood Towers, which are being leased by C.B. Richard Ellis.
 
About Caddo Holdings LLC
Caddo Holdings, LLC was formed in 2009 to take advantage of market conditions by buying and operating class A & B office buildings in class "A" locations. The company focuses on "assets with a story" that require repositioning through capital improvements, improved customer service and increased leasing performance. More information about Caddo Holdings can be obtained by visiting the company's Web site at www.caddoholdings.com.
 
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.