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News release

CULVER CITY, CALIF.

Jones Lang LaSalle Completes 25,199-SF Office Lease with Given Imaging in Culver City, Calif.


CULVER CITY, CALIF., Sept. 10, 2012Jones Lang LaSalle announced today that it has completed a new lease with Given Imaging, Inc. for 25,199 square feet of office space for the entire building located at 5860 Uplander Way. in Culver City, Calif. Given Imaging will use the building for its regional office.

Jones Lang LaSalle Los Angeles team members Steve Solomon and Eric Adams represented the landlord, Nampco Real Estate, LLC. Bruce Hoffman of UGL Equis represented Given Imaging.

"The West Los Angeles office market continues to show signs of improvement with total year-to-date net absorption of more than 400,000 square feet and vacancy at approximately 15.3 percent," said Solomon." We received interest from several creative office tenants, but Given Imaging was the most aggressive because of its need for office and lab space in a single building."

5860 Uplander Way is a single tenant office building featuring excellent infrastructure, parking and power. The building is located minutes from the I-405 Freeway, providing immediate access to nearby Los Angeles submarkets.

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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.