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News release

Chicago

Jones Lang LaSalle Completes 18,424 SF Lease at 150 N. Michigan Ave

Law firm of Jackson Lewis LLP to Relocate to East Loop in fall 2009


CHICAGO, February 4, 2009 – Jones Lang LaSalle, the leading integrated financial and professional services firm specializing in real estate, today announced that the law firm of Jackson Lewis LLP signed a lease for 18,424 square feet of space at 150 N. Michigan Avenue, Chicago’s iconic diamond-shaped office tower in the East Loop.  Jackson Lewis, a national law firm with 530 attorneys, plans on relocating its Chicago headquarters from 320 W. Ohio to the Michigan Ave. location in the fall of 2009.
 
Jones Lang LaSalle’s Monica Moore and Brad Despot represented building ownership, SEB Investment GmbH, during negotiations.  Tiffany Winne and Lisa Davidson of Studley represented Jackson Lewis.
 
“Since 1984, 150 N. Michigan Avenue has been among the most recognizable buildings along Chicago’s skyline and one of the most photographed structures in the city,” said Ms. Moore.  “In addition to its distinctive diamond-shaped design, the building features unbeatable views as well as convenient access to Millennium Park, the Magnificent Mile, Daley Center and City Hall.  The building also offers strong ownership, committed to the long-term success of this property.”
 
"As a growing office of a national law firm, Jackson Lewis needed a more central downtown location that could accommodate its immediate space needs and meet future expansion requirements,” said Studley’s Corporate Managing Director Tiffany Winne. “Relocating to Michigan Avenue also provides Jackson Lewis’ employees with better access to public transportation and amenities."
 
Owned by SEB Asset Management, based in Frankfurt, Germany, the 41-story, 625,000-square-foot, Class A office building is located at the northwest corner of Michigan Avenue and Randolph Street and connected to the city’s underground pedway system. 
Designed by Chicago-based A. Epstein and Sons International, the building is leased and managed exclusively by Jones Lang LaSalle.
 
About Jackson Lewis LLP
 
Founded in 1958, Jackson Lewis LLP is dedicated to representing management exclusively in workplace law.  With offices in 40 cities and more than 520 attorneys, Jackson Lewis has developed a specialized expertise in every aspect of employment, labor, benefits and immigration law. Additional information about Jackson Lewis LLP can be found at www.jacksonlewis.com.
 
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 1.3 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 $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.