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News release


Jones Lang LaSalle Bolsters Capital Markets Expertise in the Mid-Atlantic

Jay Wellschlager joins JLL’s Baltimore office as Managing Director

BALTIMORE, Md., Feb. 4, 2014  — As part of its continuing effort to drive growth in one of the nation’s most critical commercial real estate markets, Jones Lang LaSalle today announced industry veteran Jay Wellschlager has joined the firm’s Mid-Atlantic Capital Markets platform as Managing Director. Wellschlager, who will be based in Baltimore, will focus on office and industrial investment sales in the Baltimore-Washington region.  

Relative to office sales, he will partner with Senior Managing Director Bill Prutting who joined JLL in January of 2013 to steer the firm’s further expansion of client expertise along the Eastern seaboard. With respect to industrial investment sales transactions, Jay will partner with Managing Director Mark Levy, who joined firm in November 2012 to lead JLL’s regional industrial sector practice.

“The Baltimore-Washington market remains a prime target for both national and international investors, with solid fundamentals and an anticipated increase in investment sales volumes in the year ahead,” said Prutting. “Jay is one of the most respected investment sales experts in the region and is a true client advocate, having attracted the attention of top-tier sellers as a result of his strong resume. He’ll be a strong driver for our growing Capital Markets platform in the Mid-Atlantic region and the first of many additions in the months to come.”

Wellschlager joins JLL from a competing brokerage firm where he was responsible for the marketing and execution of more than $2.1 billion in investment sales transactions across all property types over the past five years, with a strong focus on office and industrial. He earned his Masters in finance from Loyola College and received the Baltimore Business Journal’s Heavy Hitters award in 2007.

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 $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