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News release

CINCINNATI, OH

Jones Lang LaSalle Selected as Leasing Agent for Office Space in Cincinnati’s Premier Mixed-Use Project

Firm to provide exclusive agency leasing services for office tower portion of Kenwood Towne Place


CINCINNATI, Oct. 23, 2012 – Jones Lang LaSalle today announced that leadership from its Cincinnati office was selected by Phillips Edison to provide office leasing services for 240,000 square feet of office space in the Kenwood Towne Place project. Currently in the redesign-phase, the office tower anticipates delivery and tenant occupancy by March of 2014.

The Jones Lang LaSalle Leasing team overseeing the assignment is led by Executive Vice President Rusty Myers, Executive Vice President David Ottenjohn, Executive Vice President Bill Poffenberger, and Vice President Todd Pease.

“There have been no projects in my near-30 year career more significant to the Cincinnati suburban office market than Kenwood Towne Place.  We are honored to represent this landmark project and our team looks forward to partnering with Phillips Edison to deliver the finest office building in the region” Myers stated.

With a collective 85 years of experience in the Cincinnati area, the team has leased and pre-leased many of Cincinnati’s signature buildings including Rookwood Tower, Redstone of Kenwood, and The Towers of Kenwood.  Over their careers, the team has represented over 10 million SF of office space in Greater Cincinnati.

A Phillips Edison affiliate purchased the Kenwood property in July 2012.  The development and construction of the project was interrupted in 2008 due to the project’s financial problems.  Adjacent to the Kenwood Towne Center, the area’s premier retail destination, the property benefits from the finest amenities of Kenwood along with unparalleled visibility and exposure to I-71.

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