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News release

Milwaukee, WI

Tech firm moving headquarters from Wauwatosa to Waukesha


MILWAUKEE, Nov. 11, 2013 — Telkonet, Inc. — whose business divisions include EcoSmart™, an intelligent energy management system, and EthoStream®, one of the largest high-speed Internet access providers in the world — is moving its corporate headquarters from Wauwatosa to Waukesha.

The company has signed a new lease for 6,362 square feet of space at Crossroads Corporate Center II, 20800 Swenson Drive, just south of Interstate-94 at Barker Road.

Telkonet was represented in the transaction by David Pudlosky, Vice President in the Milwaukee office of the commercial real estate services firm Jones Lang LaSalle.  Jones Lang LaSalle Vice President Michael Streit represented the building’s landlord, a private Chicago-based investment group.

The new lease was necessitated by Telkonet rapid growth. Since relocating the company from Maryland to Wisconsin in 2001, the company has grown to more than 100 employees. The company will be relocating its sales, marketing, administrative and executive staff to the new Waukesha headquarters office while all other divisions will remain at the Wauwatosa office.

The new office will also include a technology demonstration center that will showcase the company’s EthoStream and EcoSmart products in real-world applications.

“I’m fortunate to lead a growing company with bright prospects for growth in all our business segments, said Telkonet CEO Jason Tienor. “We are capitalizing on positive market influences, such as our EthoStream business benefiting from the growing hospitality business and the ever-increasing demand for reliable wireless connectivity.”

Telkonet plans to take occupancy of the new space in Q1 2014.

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.