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News release

Minneapolis, MN

New Tenant at UBS Plaza in downtown St. Paul;

Jones Lang LaSalle Represents Building Owner RAIT Financial Trust in Lease Transaction

Minneapolis, Minn. (August 9, 2013)—RAIT Financial Trust, the owner of UBS Plaza in St. Paul, Minn., has added a new tenant, West Academic to the building with the execution of an approximately 24,000-square-foot, multi-floor lease. The leasing group at Jones Lang LaSalle’s represents building ownership in marketing space at UBS Plaza.

West Academic, a publisher of casebooks, study aids and other educational materials for the legal industry, will relocate its offices and 60 employees to UBS Plaza this fall. It plans to add 25 jobs over the course of the next year. The company, formerly a division of Eagan-based Thomson Reuters, is now owned by Philadelphia-based Eureka Capital.

UBS Plaza is a 25-story, 229,700-square-foot, Class A office building located at 444 Cedar St. in downtown St. Paul. The building is part of a mixed-use project that includes a 500-car ramp, Town Square Retail, and the Double Tree Hilton Hotel. The property features exceptional views of the State Capitol, Mississippi River and downtown St. Paul.

With this lease, the building is 78% percent occupied by tenants that include TKDA Engineering and UBS Financial. 

The JLL leasing team of Jon Dahl, Senior Vice President; Brent Robertson, Vice President; and Ann Rinde, Associate, represent RAIT Financial. The tenant was represented by professionals from DTZ.

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​