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News release

MINNEAPOLIS

Jones Lang LaSalle lands three new property management assignments in Twin Cities


MINNEAPOLIS, January 30, 2013Jones Lang LaSalle announced today that the firm has been named as the property manager for additional three commercial properties, bringing the firm’s total portfolio of facilities under management in the Twin Cities to more than 1.3 million square feet.

The three new assignments are:

  • UBS Plaza, a 230,000-square-foot office building in located at 444 Cedar Street in St. Paul (owned by Rait Financial Trust)
  • The 473,000-square-foot Nilfisk-Advance, Inc. North American headquarters building (office and industrial) at 14600 21st Avenue North in Plymouth (owned by AEW Capital Management and UBS)
  • The 147,000-square-foot Shingle Creek Commerce Center 1 industrial building in Brooklyn Center (owned by Onward Investors)

Jones Lang LaSalle’s Todd Balsiger will serve as the General Manager of all three properties.

The firm is also property manager for the 112,000-square foot OCC IV office building in Edina, a five-building office/industrial portfolio in Maple Grove and Osseo. In addition, the firm runs successful retail property management and corporate facilities management businesses in the Twin Cities.

Jones Lang LaSalle now employs more than 200 commercial real estate professionals in the greater Minneapolis St. Paul region and offers a full platform of services to its local clients including office tenant representation, office landlord representation, industrial services, data center services, project management, and investment sales in addition to property/facility management.

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 $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.