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News release

Chicago

Jones Lang LaSalle Selected by Mesirow Financial Real Estate to Manage 353 North Clark


CHICAGO, July 2, 2009 ─ Jones Lang LaSalle has been selected by Mesirow Financial Real Estate as the property manager for the 45-story, Class A+ office tower in Chicago’s River North District. This new appointment is in addition to Jones Lang LaSalle’s existing role as the leasing manager for the property, located at 353 North Clark.  The firm also arranged the tower’s $420 million financing in 2006.
 
The 1,173,643-square-foot tower is 80% pre-leased, with Jenner & Block LLP, Spencer Stuart and Mesirow Financial, anchoring the new development.  E.On Climate & Renewables North America, Inc., also recently signed on as a tenant.
 
The Jones Lang LaSalle team overseeing the property management assignment at 353 N. Clark will be led by General Manager Richard Cooke, along with Assistant General Manager Mason Taylor.  Steve Smith and Gary Kostecki direct the leasing of the property.
 
“Exceptional property management adds value to the bottom line,” said Cooke.  “As the largest property manager of office assets in Chicagoland, we intend to use our best practices to assist Mesirow Financial Real Estate in positioning the asset as the premier location in the market.” 
 
Gary Kostecki added, “353 N. Clark offers a unique opportunity for prestigious small to midsize tenants to obtain top-quality office space with state-of-the art technology and upscale amenities.”
 
The building has been pre-certified silver under LEED-CS and will pursue a gold level certification status upon building completion. The building is on target to be fully leased by completion in October 2009.
 
The new building, designed by Lohan Anderson and A. Epstein & Sons International, will be clad in an articulated, glass and steel curtain wall and will feature state-of-the art technology in its mechanical, security, communications and elevator systems that are unmatched in the marketplace. The building will have two white tablecloth restaurants, on-site dining and catering facilities, a premier health club, concierge services and underground parking.
 
About Mesirow Financial
 
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with $31.4 billion in assets under management and more than 1,100 employees in locations across the country and in London. With expertise in Investment Management, Investment Services, Insurance Services, Investment Banking, Consulting and Real Estate, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For the fiscal year ended March 31, 2008, the firm posted $492 million in revenue, with more than $246 million in capital. For more information about Mesirow Financial, visit its Web site at www.mesirowfinancial.com.
 
About Jones Lang LaSalle
 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising 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. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management.
 
For further information, please visit our Web site, www.joneslanglasalle.com│ 200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619