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News release

PITTSBURGH, PA

JLL Pittsburgh Unveiled as Namesake Tenant at Tower Two-Sixty

The commercial real estate firm invests in state-of-the-art workspace downtown


PITTSBURGH, May 7, 2015 – JLL’s Pittsburgh office announced today that it will move into and expand operations at the newly constructed Tower Two-Sixty in downtown Pittsburgh. The commercial real estate services and investment management firm signed a lease for 54,000 square feet, with plans to relocate more than 350 employees in 2016. The new eco-friendly tower will also feature JLL’s name and logo.

Tower Two-Sixty, delivered in 2015 by Millcraft Investments, comprises 128,000 square feet of office space, 14,000 square feet of retail space and 330 available parking spaces. Aside from its location in the core of Pittsburgh’s downtown, the new building will enable JLL to create a more efficient, modern and tech-friendly space.

“We plan to invest a significant amount to develop our new work environment at Tower Two-Sixty,” said JC Pelusi, Market Leader and Managing Director of JLL’s Great Lakes region. “The new office will foster collaboration, a key element of JLL culture, and it will also enable employees to be as mobile as possible.”

President and COO of Millcraft Investments, Lucas Piatt, is pleased that JLL will anchor the mixed-used development.

“The first class nature of their company fits perfectly with the image of the Tower Two-Sixty building,” said Piatt. “This project required many years of planning, hard work and creativity so today is a very exciting day for the city of Pittsburgh, JLL and for Millcraft.”

JLL also plans to create a number of new jobs as it builds a state-of-the-art work environment. In coordination with Governor Tom Wolf’s Action Team, JLL received a Pennsylvania First Program grant for $250,000 as well as $230,000 in Job Creation Tax Credits.
“JLL’s decision to create 115 new jobs and relocate to the newly constructed Tower Two-Sixty site is a huge win for Pennsylvania and the city of Pittsburgh,” said Governor Wolf. “I look forward to seeing more companies setting up shop here in Pennsylvania. Creating a climate for growing good-paying, middle class jobs is my top priority.”

For more news, videos and research resources on JLL, please visit JLL’s U.S. Media Center web page.

About JLL
JLL (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 fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.