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News release

DALLAS

Great Lakes Educational Loan Services, Inc. Expands into Texas

Jones Lang LaSalle negotiates 26,847-square-foot office lease in Plano


​DALLAS, Feb. 3, 2014 — Jones Lang LaSalle (JLL) today announced that the firm has completed a 26,487-square-foot office lease at 6500 International Parkway in Plano, Texas, on behalf of Wisconsin-based Great Lakes Educational Loan Services, Inc.
Great Lakes is an organization dedicated to making successful student loan repayment possible, in partnership with the U.S. Department of Education and private lenders.  Being one of the country's leading guarantors and servicers of student loans affords Great Lakes with an opportunity to help millions of students pay for college and manage their students’ loans—and to provide robust tools and resources that help its partners in financial aid.
The lease at 6500 International Parkway at International Business Park in Plano, Texas marks Great Lakes’ first expansion into Texas.  Over the next twelve months, the company plans to hire up to 140 customer service representatives and support personnel who share their belief in the value of higher education. With more than 40 years of experience, Great Lakes understands that finding the right employees—and matching them with their passions—makes all the difference in doing what's right on the job and for their customers.
Marc Storch, Great Lakes’ Chief Borrower Services Officer, shared that Great Lakes researched a variety of locations for expansion of its operations.  He said that the Great Lakes site selection team was impressed with Dallas’ high marks in good labor market demographics, quality office space, accessibility, and climate.
JLL Executive Vice President John Lorence and Vice Presidents Torrey Littlejohn and Ryan Matthews represented the tenant.  Peloton’s Principal Trevor Franke and Vice President Aarica Mims represented the landlord, Billingsley Company.
“This lease provides Great Lakes with space at a premier location in the Metroplex and will provide its leadership team the convenience to effectively manage the expansion into the Texas markets from a recruiting perspective,” said Littlejohn.
6500 International Parkway is a 117,194-square-foot, Class-B office building that was renovated in 2010.  The property features an on-site management team, fitness center, and food service.  It’s well-located near numerous restaurants, hotel options and retail boutique options, including The Shops at Willow Bend and LA Fitness.
About Great Lakes Educational Loan Servicing
Great Lakes Higher Education Corporation & Affiliates works with schools, lenders, and community organizations to change lives for the better through higher education. Great Lakes supports these partners with philanthropic, educational, and operational resources that help students and families pay for college and build brighter futures. As a leading guarantor and servicer of student loans for over forty years, Great Lakes serves the U.S. Department of Education and over 6,000 schools and 1,100 lenders across the nation. One of the nation's largest integrated providers of student loan services, Great Lakes services $175 billion in student loans for 10.3 million borrower accounts and holds guarantees on approximately $36 billion in FFELP loans. Great Lakes member corporations serve as the designated guarantor for Wisconsin, Iowa, Minnesota, Ohio, South Dakota, Puerto Rico and U.S. Virgin Islands under the Higher Education Act. Great Lakes is headquartered in Madison, Wisconsin, with operating centers in Eagan, Minnesota; Aberdeen, South Dakota; and Boscobel, Eau Claire, and Stevens Point, Wisconsin. For additional information, visit mygreatlakes.org.
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 $4.0 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 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.