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News release

New York

Jones Lang LaSalle Secures Ladder Capital Finance at 600 Lexington Avenue for Hines

Financial services firm to occupy entire 23rd floor of building


NEW YORK, July 2, 2009 — Jones Lang LaSalle has completed a lease with Ladder Capital Finance LLC at 600 Lexington Avenue for Hines. The financial services company signed a six-and-one-half-year lease for 8,841 square feet of office space at the 282,485-square-foot Class A building.
 
The building owner was represented in the transaction by Barbara Winter, senior vice president, and Douglas Neye, senior vice president, both with Jones Lang LaSalle’s New York office. The tenant was represented by James Saunders and Noel Flagg with Newmark Knight Frank, and Mimi Hockman with Centric REA.
 
“This was an ideal opportunity for Ladder Capital Finance to occupy a full floor of high-end office space in a building that caters to boutique financial services firms,” said Bart Swenson, vice president of Hines. “In addition, the 23rd floor had been recently built out and the existing installation allowed Ladder Capital Finance to move in to the space quickly with very little renovation work required.”
 
Ladder Capital will occupy the entire 23rd floor of the 36-floor building, which is located at East 52nd Street.
 
Neighboring tenants at 600 Lexington Avenue include Alvarez and Marsal, Friedman & Wittenstein, Kuraray America Inc., MKP Capital Management, Welch Fund Management, Brencourt Advisors LLC, Capital Market Risk Advisors, Gersten Savage LLP and Sumitomo Life Realty.
 
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide.  In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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