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News release

MINNEAPOLIS

Jones Lang LaSalle launches office and industrial property management business in the Twin Cities


MINNEAPOLIS, August 23, 2012 — Jones Lang LaSalle announced today that the firm is expanding its platform of services in the Twin Cities to include — for the first time — office and industrial property management with the addition of two new team members and six new building management assignments.

The six buildings, all owned by Dallas-based ORIX Capital Markets, LLC, total more than 415,000 square feet and are located throughout the Minneapolis-St. Paul suburbs. They are:

  • One Corporate Center IV, a 112,085-square-foot office building in Edina
  • Bell Tower, a 71,528-square-foot office building at 101 Broadway Street West in Osseo
  • An adjacent 68,000-square foot warehouse at 201 Broadway Street West in Osseo
  • The three-building, 164,000-square-foot Five Star Commerce Center industrial park in Maple Grove

Joining Jones Lang LaSalle to lead the new property management assignments is Todd Balsiger, a 17-year-veteran of the commercial property management industry who will serve as the firm’s new Minneapolis Group Manager.

Throughout his career, Todd has managed a variety of suburban assets in markets from Maplewood to Mound, including a 22-building, 2.3 million square foot portfolio in his most recent previous position. He is the past president of the local chapter of the Institute of Real Estate Management.

Joining Todd in the role of Assistant General Manager is Deanna Kalkman, a 5-year veteran of the commercial real estate industry.

The firm has also been tapped by ORIX to serve as the exclusive leasing agent for all six properties. Senior Vice President Jon Dahl and Vice President Brent Robertson will oversee leasing efforts for the two office properties while 25-year industry veteran and Executive Vice President Chris Hickok and Vice President Dan Terry will handle leasing for the industrial properties.

Jones Lang LaSalle now employs more than 200 commercial real estate professionals in the greater Minneapolis St. Paul region and offers a full platform of services to its local clients including office tenant representation, office landlord representation, industrial services, data center services, project management, and investment sales in addition to property/facility management.

The firm is also property manager for the Calhoun Square and Rosedale Center retail malls and is the exclusive leasing agent for the RBC Plaza, Plaza Seven and 33 South Sixth office towers. Last month, Jones Lang LaSalle made headlines when the firm was selected by the Ramsey County Regional Rail Authority to provide property management and leasing services at St. Paul Union Depot.

“With a portfolio of office and industrial properties totalling more than 175 million feet across the United States, Jones Lang LaSalle is an undisputed leader in Property Management in many major markets and we have no doubt that the same will soon be true in the Twin Cities,” said Stephen V. Zsigray, Jr., Jones Lang LaSalle’s Midwest (U.S.) Regional Managing Director of Property Management. “We are known across the industry for creating value for clients and for the high-caliber individuals on our team. Todd and Deanna are two such individuals and we have the utmost confidence that they will produce outstanding results.”

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center web page. Bookmark it here: http://bit.ly/czyo1D

To contact the Jones Lang LaSalle Minneapolis office, call (612) 217-5150.

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.joneslanglasalle.com.