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News release

Milwaukee, WI

Actuarial firm Milliman renews, expands lease in Brookfield

Transaction constitutes the third-largest office lease transaction so far this year in Milwaukee area


MILWAUKEE, Oct. 24, 2013 — Milliman, Inc., the Seattle-based actuarial and consulting firm, has renewed and expanded its lease at 15800 W. Bluemound Road in Brookfield in what was the third-largest office lease transaction to be completed so far this year in the Greater Milwaukee area.

Under the terms of the new lease, the firm will expand its footprint in the building by 6,946 square feet for a new total lease of 78,024 square feet. The expansion space includes a new state-of-the-art fitness center exclusively for Milliman’s use.

Dan Jessup and Michael Streit of Jones Lang LaSalle completed the renewal/expansion deal on behalf of the building’s owner, Chicago-based Fulcrum Asset Advisors. Bill Bonifas and Kevin Armstrong of CBRE represented Milliman.

The 92,080-square-foot building, which is located just north of Brookfield Square mall near the corner of Bluemound and Moorland roads, is now 96% leased. Built in 1995, the building features plentiful underground parking and unparalleled freeway access.

According to Jones Lang LaSalle Research, the lease was the second largest by square footage to be completed in the Greater Milwaukee area so far in 2013. The largest two were law firm Michael Best & Friedrich’s lease renewal at 100 E. Wisconsin Ave. in Q1 (90,000 square feet) and UMB Fund Services’ new lease at the Executive Building at Schlitz in Q3 (88,000 square feet).

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.