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News release

Chicago

Jones Lang LaSalle to Market Another Property for U.S. Postal Service

13,320 SF facility ideally located with high visibility and ample parking


CHICAGO, July 20, 2009 — Jones Lang LaSalle announces that it has been retained by the U.S. Postal Service as exclusive sales agent for the old St. Charles Post Office located at 1405 West Main Street in St. Charles, Ill., which is currently serving as the Geneva Carrier Annex.  The 13,320-square-foot, 27-year-old building is being offered at $1.76 million. 
 
Leading the Jones Lang LaSalle marketing team on this assignment are Managing Director Len Caldeira, Senior Vice President Jeff Gittelman and Associate Conor Mullady.  This team is also marketing for sale the main Geneva, Ill Post Office located on Third Street. 
 
“Ideally located, this asset is zoned community business and permitted for a variety of uses including restaurant, hotel, office, medical, vehicle repair, gas station, university, day care center and religious center,” said Mr. Caldeira.  “Further, the property sits on 1.85 acres and offers excellent visibility and ample parking.”
 
The Postal Service is committed to increasing efficiency and reducing operating costs.
 
“Selling this building will reduce operating costs and generate revenue for the Postal Service without compromising mail delivery service,” said James Mruk, Manager, Corporate Communications for the Great Lakes Region for the Postal Services.  “It will also provide a new business opportunity in the village of St. Charles.  It’s a win-win situation for the Postal Service and the community.”
 
Once the building is sold, the Postal Service will move operations at the West Main Street facility into one of its existing locations in St. Charles.  In the meantime, delivery operations will continue at the facility.
 
An independent federal agency, the U.S. Postal Service is the only delivery service that reaches every address in the nation, 149 million residences, businesses and Post Office Boxes, six days a week. It has 34,000 retail locations and relies on the sale of postage, products and services, not tax dollars, to pay for operating expenses. Named the Most Trusted Government Agency five consecutive years by the Ponemon Institute, the Postal Service has annual revenue of $75 billion and delivers nearly half the world’s mail.
 
For more information on the St. Charles facility, please contact Jeff Gittelman at jeff.gittelman@am.jll.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