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News release

ST. LOUIS, MO

Jones Lang LaSalle Completes 175,000-SF Lease for Ralcorp at Bank of America Plaza in St. Louis


ST. LOUIS, Mo., March 6, 2012 ─ Ralcorp, a long term sublease tenant of Bank of America Plaza, 800 Market St., in St. Louis, has completed a lease transaction for 175,000 square feet and will soon begin interior construction to customize the office space.

David B. Steinbach and David Biales of Jones Lang LaSalle completed the transaction on behalf of the building’s ownership, a private investment group.
 
The lease allows Ralcorp to keep its corporate headquarters in St. Louis while adding three floors of space to expand its operations. The company is growing its current space by 57,000 square feet.
 

Bank of America Plaza is a 30-story, Class A office property in the heart of the St. Louis central business district. The 750,000-square-foot building, with its octagonal shaped glass façade, is a prominent part of the St. Louis skyline. The building was purchased two years ago by Positive Investments, a Los Angeles-based real estate investment firm that has focused on revitalizing the building's leasing efforts.

"The decision by Ralcorp to remain a tenant in this prominent St. Louis office building reaffirms the positioning of the property and the ownership's commitment to it," said Steinbach, a vice president with Jones Lang LaSalle.
Ralcorp is a leading producer of a variety of private label foods sold to grocery, mass merchandise and drugstore retailers. The company will be rebuilding the space floor by floor as it modernizes and tailors the space to create greater operational efficiencies.
 
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.