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News release

BOSTON, MA

Jones Lang LaSalle Lands Reading Commons

Second Core Multifamily Listing in 30 Days


BOSTON, June 11, 2013  —  Jones Lang LaSalle’s (NYSE: JLL) Capital Markets experts have been named exclusive sales agent for the sale Reading Commons, a premier 204-unit multi-family investment opportunity in Reading, MA. The JLL Multifamily Investment Sales and debt financing team on this offering is comprised of Senior Vice Presidents Michael Coyne and Travis D’Amato, Senior Vice President Jonathan Schneider, Associates Kevin Gleason and Brendan Shields of New England Capital Markets. This is the JLL New England Capital Markets group’s second core multifamily listing in the last 30 days.

Built in 2006, Reading Commons is a luxury apartment community located 10 miles north of Boston at the intersection of Routes 128 and I-93. The property has high profile visibility from I-93. The units, with best in class finishes, are 97% occupied. On site amenities include a heated pool with grill area, fitness center, and movie theater. There is underground parking for 62 vehicles and 30 detached garages.

“This is a true core opportunity in one of the best towns north of Boston,” said Travis D’Amato. “Reading Commons is extremely well located and features some of the highest end units in suburban Boston.”

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.