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Jones Lang LaSalle Closes Sale of Wilmington’s Landmark Rollins Building

WILMINGTON, Del., Oct. 1, 2013 — Jones Lang LaSalle’s Capital Markets experts today announced the sale of The Rollins Building, a Class A, 202,017-square-foot office building in Wilmington, Delaware. RAA Management purchased the 15-story suburban property, which was vacant when the deal closed, from AstraZeneca. Terms of the sale were not disclosed.

Jones Lang LaSalle’s Senior Vice Presidents Doug Rodio and Blaise Fletcher led the team in the transaction.

“This sale presents an exciting opportunity for this building and the Wilmington market,” Rodio said. “The building has been empty for several months, and the new owner stands ready to fill it and bring new jobs to the area in the process.”

The Rollins Building was built in the 1960s by famed businessman John Rollins, who also served as Delaware’s Lieutenant Governor in the 1950s.

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 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 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 $46.3 billion of real estate assets under management. For further information, visit