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News release

IRVINE, CALIF.

Jones Lang LaSalle Markets Orange County Office Building for Sale or Lease


IRVINE, CALIF., Jan. 10, 2013Jones Lang LaSalle has been exclusively retained by Westcore Properties to offer for sale or lease a two-story, 40,852-square-foot office building located 1621 Alton Parkway in the Orange County Airport submarket of Irvine, Calif. The building will be vacant in approximately January 2013.

Leading the team on this assignment are Jones Lang LaSalle Orange County's Geoff DeWolf, Steve Economos and Greg Puccinelli.

“1621 Alton Parkway provides an excellent opportunity for a company to purchase or lease its own high-quality office building in Orange County's Airport Area,” said Economos. “The property is uniquely positioned to capitalize on its exceptional location offering creative space, its own corporate identity, convenient access and abundant nearby amenities.”

The Airport submarket continues to lead the Orange County's office recovery with 389,613 square feet of year-to-date net absorption, the highest in the county.

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About Westcore Properties
Westcore Properties (www.westcore.net) is a private, entrepreneurial commercial real estate investment firm with a specialized focus in the western United States and key European markets. Since its founding in 2000, Westcore Properties and its affiliates have acquired and managed more than $3.9 billion in industrial and office assets comprised of 550 buildings totaling over 25 million square feet. In addition to its U.S. headquarters in San Diego, Westcore Properties has regional offices in San Francisco and Denver. The firm’s European offices are located in Geneva, Switzerland and London, England.

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.