Skip Ribbon Commands
Skip to main content

News release

Chicago

Jones Lang LaSalle Selected to Manage Alexian Brothers 700,000 Square Foot Medical Portfolio


CHICAGO, May 26, 2009 — Jones Lang LaSalle, the financial and professional services firm specializing in real estate, has been awarded the contract to manage Alexian Brothers Hospital Network’s 700,000 square foot medical portfolio. The outsourcing assignment will involve the management of the 50-property portfolio, which includes ambulatory care facilities and physician office space located across the North Western Chicago suburbs.
 
“After conducting a strategic analysis on the financial and operating performance of the portfolio, we have devised effective real estate solutions for Alexian Brothers,” said Don Hamilton, Head of healthcare at Jones Lang LaSalle. “This assignment is indicative of a recent trend in which healthcare firms are seeking to enhance the ‘patient experience’, maximize efficiency and save on operating costs while seeking intrinsic value from their real estate assets.”
 
The outsourcing assignment will include numerous facets of real estate services including lease administration, property, project and facility management, leasing, and accounting.  Buildings in the portfolio include Brock Medical Plaza and Wimmer Medical Plaza, Elk Grove Village, IL; and Doctors Office Building One and 1786 Moon Lake Boulevard, Hoffman Estates, IL.
 
“We have confidence in Jones Lang LaSalle’s ability to deliver on our real estate requirements,” said Tracy Rogers, Vice President and COO for Alexian Brothers Hospital Network.  “The firm has a broad platform of expertise and services which will serve to improve the management of our medical office portfolio.”
 
Jones Lang LaSalle’s National Healthcare group works with clients throughout the nation on program management, strategic advisory, transaction and sustainability advisory as well as financial strategy. Its clients include the Children’s Hospital of Philadelphia, Harvard School of Medicine, Johns Hopkins Hospital, Kaiser Permanente and Tenet Healthcare.
 
About Alexian Brothers
 
The Alexian Brothers Hospital Network (ABHN) is a subsidiary of Alexian Brothers Health System, a diversified Catholic healthcare system based in Arlington Heights, Illinois. ABHN is comprised of four hospitals which serve the nearly two million residents of Chicago’s northwest suburbs. ABHN includes two acute care hospitals, Alexian Brothers Medical Center in Elk Grove Village and St. Alexius Medical Center in Hoffman Estates, as well as to two specialty hospitals, Alexian Brothers Behavioral Health Hospital in Hoffman Estates and the Alexian Rehabilitation Hospital located on ABHN’s Elk Grove Village campus.
 
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 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 more than $41 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619