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News release

SAN DIEGO, CA

Transportation Properties LLC Selects Jones Lang LaSalle to Manage Wateridge Pavilion Office Building


SAN DIEGO, Sept. 14, 2011 – Jones Lang LaSalle has taken over management of Wateridge Pavilion, an office property located at 10525 Vista Sorrento Parkway in the Sorrento Valley submarket, for owner Transportation Properties LLC.

Wateridge Pavilion totals 62,156 square feet and is visible from Interstate 805. The garden office building is recognizable for its exterior, cascading water feature. General Manager Karen Christian, who joined Jones Lang LaSalle earlier this year, has managed the building since 2006.

”Transportation Properties values the consistency of management Jones Lang LaSalle is able to provide along with our comprehensive array of strategies to help reduce costs and enhance value,” said Michael Prabhu, Jones Lang LaSalle Director of Property Management for Southern California.

20,500 square feet of space (one full floor) is currently available for lease on the third floor of Wateridge Pavilion.

Jones Lang LaSalle is a leader in the San Diego commercial real estate market. The firm employs approximately 45 of the area’s most recognized industry experts offering services in brokerage, capital markets, facility management and project development services. In 2010, the San Diego team completed 1,448,307 square feet in lease transactions and directed $34.5 million in project management and currently leases and/or manages more than 5.5 million square feet in the market.

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 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from 1000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.