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News release

Chicago

Central States Funds Renews 172,000 SF Lease in Rosemont

Jones Lang LaSalle helps firm right size space needs


CHICAGO, February 2, 2009 – Jones Lang LaSalle, the leading integrated financial and professional services firm specializing in real estate, today announced that Central States Funds, an administrator of pension, health and welfare funds, renewed and extended a long-term lease for 172,000 square feet of space at Riverway II located at 9377 W. Higgins in Rosemont.  The Riverway II location serves as the firm’s headquarters location. 
 
Jones Lang LaSalle Managing Director John Musgjerd led the team of Tim Hart and Ben Erskine which represented Central States Funds.  Ryan O’Leary from Duke represented ownership. 
 
“We were able to help Central States Funds reduce its footprint and right size its lease in accordance with today’s economic conditions,” said Mr. Musgjerd. “We were pleased that they chose to stay in the O’Hare submarket as we were able to negotiate strong concessions and keep them in their same location.”
 
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 2007 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 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 more than $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.