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News release

Dallas

Jones Lang LaSalle and Newmark Knight Frank Secure 103,331 SF Lease for Legacy Place II

Location to become North American sales and marketing headquarters for Huawei Technologies


DALLAS, NOVEMBER 11, 2009 — Jones Lang LaSalle announced today that Huawei Technologies (USA), a leading global telecommunications solutions provider, has signed a lease for 103,331 square feet of office space at Legacy Place II (5700 Tennyson Parkway) in Plano, Texas. The building will feature crown signage and serve as the company’s sales and marketing headquarters for North America. With this lease, Legacy Place II will be 75% occupied.
 
Owned by institutional investors advised by J.P. Morgan Asset Management, Legacy Place II was represented by Sandie Matejek, Senior Vice President, and Shannon Brown, Vice President, with Jones Lang LaSalle. Huawei Technologies was represented by John Shaunfield, Principal, and Kyle Jett, Transaction Manager, with Newmark Knight Frank.
 
“We are pleased to welcome Huawei to Legacy, which has become one of the region’s most prominent addresses for corporate headquarters,” said Matejek. “Among other things, Huawei will enjoy the benefits of the owners’ recent $500,000 investment in common area improvements.”
 
The space will initially house approximately 400 sales and marketing employees coming from two current locations, at 1301 West George Bush Turnpike in Richardson and 2301 West Plano Parkway in Plano, increasing to as many as 600 employees by December 2012. The company’s research and development facility, also located in Plano, will not be affected.
 
“Huawei is one of the fastest-growing telecom companies in the world and was searching for a sales and marketing headquarters location that would allow them to plan for continued growth, and Legacy Place II met and exceeded all their needs,” said Shaunfield. ”We are particularly appreciative of the City of Plano for extending the incentives that kept Huawei in the area.”
 
Plano Mayor Phil Dyer said, “Huawei Technologies has been a valuable member of Plano’s business community since they located their U.S. headquarters here in 2001. The City recognized that Huawei’s sales and marketing expansion could more than double their presence here and set the stage for much of the company’s future U.S. growth plans. Plano provided the right combination of workforce talent, industry presence and real estate in a very competitive search.  We are honored that Huawei will grow and prosper in Plano for years to come.”
 
Legacy Place II is a six-story Class A office building, with amenities that include a conference center and a fitness center. The recently completed common area improvements include the renovation of the lobby, elevator cabs, multi-tenant corridors and restrooms, a refurbished monument sign and a new touch screen building directory. The building is part of the Legacy master development, and tenants enjoy its close proximity to the shops and restaurants of Legacy Town Center, as well as easy accessibility to the Dallas North Tollway.
 
About J.P. Morgan Asset Management – Global Real Assets
 
J.P. Morgan Asset Management – Global Real Assets has approximately $43.2 billion in real estate and infrastructure assets, as of September 30, 2009.  With a 39-year history of successful investing and a staff of 359 professionals, J.P. Morgan Asset Management – Global Real Assets identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients.  J.P. Morgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.
 
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 2008 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 1.4 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 $37 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.