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News release

BEACHWOOD, OH

Jones Lang LaSalle Represents OMNOVA Solutions Inc. in Site Selection For New Global Headquarters Facility in Northeast Ohio


BEACHWOOD, Oct. 28, 2013 — Jones Lang LaSalle announced that it represented OMNOVA Solutions Inc. in the site selection and project financing for its new purpose-built global headquarters facility in Beachwood, OH. The facility will be an expandable, two-story 59,000-square-foot office building on 8.5 acres, located at the corner of Harvard and Eaton Way.

Jones Lang LaSalle Northeast Ohio team members AJ Magner and Scott Pick led OMONVA through a multi-market, multi-state headquarters visioning, capabilities and business case development. Three additional states were considered. 
 
The project will be developed by CAM Inc., and owned by the Cleveland Cuyahoga County Port authority under a 20-year capital lease to OMNOVA. Other government partners in the project include the state of Ohio and the city of Beachwood.
 
“We are very grateful to have the opportunity to provide value to OMNOVA’s headquarters identification and selection process,” said Magner. “OMNOVA has been committed to Northeast Ohio for decades and we are excited to play a role in their re-commitment and investment in Northeast Ohio.” 
 
“OMNOVA is very proud to have its global headquarter in Northeast Ohio, and felt Chagrin Highlands offers all the characteristics that are important to their employees and business objectives,” said Pick.
 
Visit OMNOVA Solutions’ full announcement for further details.
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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 www.jll.com.