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News release

JACKSONVILLE, FL

Jones Lang LaSalle Secures 8,700 SF Lease at Bank of America Tower in Jacksonville, Florida

Commercial real estate firm Colliers International to move into prestigious downtown tower


JACKSONVILLE, FL – June 28, 2012 – Jones Lang LaSalle today announced that it has completed a lease that will bring Colliers International to the prestigious Bank of America Tower at 50 North Laura Street in downtown Jacksonville.  The commercial real estate firm will expand and move its current operations into an 8,706-square-foot space on a multi-year term. Financial terms of the transaction were not disclosed.

Jones Lang LaSalle’s Kaycee Gardner represented the landlord during lease negotiations while Chuck Diebel of Colliers International represented the tenant.

“Our relocation is just one of the many signs of growth for our company this year,” stated Robert W. Selton III, President of Colliers International Northeast Florida.  “With new services, new hires, and additional opportunities on the horizon, we really needed more space and an updated facility. Additionally, moving into a high-end tower that is LEED certified, our space will be constructed to pursue LEED certification, ensuring it will be energy efficient and environmentally friendly. This will be an exciting few months for our team and we look forward to strengthening our position in the Northeast Florida market.”

Located in the heart of Jacksonville’s Central Business District, Bank of America Tower is owned by Parmenter Realty Partners. The striking 42-story, 660,791-square-foot, Class A office building is the tallest tower in Northern Florida and is leased exclusively by Jones Lang LaSalle.  The building has received numerous awards including an Energy Star label, LEED certification and the BOMA 360 designation.

Kaycee Gardner adds, “We are looking forward to adding such a high quality firm to our building.  Colliers recognized that there was an opportunity to stay in the downtown Jacksonville market as well as, upgrade to a new location that could assist them in attracting new talent, while improving the work environment for their current employees. Our building is the only multi-tenant building in the downtown market which is LEED certified. This will not only equate to lower operating expenses for the tenant, but also shows the employees we consciously care about the environment where they work.  In the coming years, I believe you will be seeing more companies making the quality of the building where they are located a higher priority.”

Jones Lang LaSalle has approximately 558 employees providing real estate expertise across all major markets in Florida including leasing, both tenant and landlord representation, property management, project and development services and investment sales. Jones Lang LaSalle’s Florida leasing and management portfolio has more than doubled in the past year to 23 million square feet which includes some of the state’s most iconic buildings.  In 2011 the firm was named one of ‘Florida’s Best Companies to Work For’ by Florida Trend magazine.

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 $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.