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News release

Chicago

Jones Lang LaSalle named as exclusive leasing agent for Illinois Center

Change coincides with ownership’s efforts to upgrade iconic 2.1-million-SF complex


CHICAGO, March 27, 2013 — Jones Lang LaSalle announced today that the firm has been hired as the exclusive leasing agent for the two-building, 2.1-million-square-foot Illinois Center office complex — 111 East Wacker Drive and 233 North Michigan Avenue — in Chicago’s East Loop. The complex is owned by CommonWealth REIT and managed by Reit Management and Research LLC, Real Estate Services.

With this new assignment, JLL is now the exclusive office leasing agent for Newton, Mass.-based CommonWealth’s 3.35-million-square-foot Chicago portfolio, which, in addition to the Illinois Center complex, also includes the 1.5-million-square-foot 600 West Chicago property.

JLL’s Brian Atkinson, Monica Moore and Brad Despot will oversee leasing efforts at Illinois Center.

CommonWealth’s move to hire JLL coincides with the REIT’s efforts to dramatically reposition the Illinois Center buildings with an expansive plaza renovation, upgrades to the retail concourse and main building entrance improvements all designed by the renowned architectural firm Goettsch Partners. The projects are scheduled to commence May 2013 and will be completed in phases over the following 18 months.

Designed by Fujikawa, Conterato, Lohan and Associates using plans by Mies van der Rohe, the complex is known for its stunning modern design, its proximity to North Michigan Avenue and its 30-plus concourse-level restaurants. Other amenities include a conference room, fitness center, an attached parking facility and easy access to a variety of public transportation systems.
 
CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office and industrial properties located throughout the United States. As of September 30, 2012, CWH owned $7.2 billion of office and industrial properties with approximately 52.9 million square feet located in 31 states, Washington, D.C. and Australia. CWH is headquartered in Newton, Massachusetts.
 
Reit Management & Research LLC, Real Estate Services, also headquartered in Newton, Massachusetts, manages more than 98 million square feet of commercial office, industrial, and medical office buildings across the country.
 
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.jll.com.