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News release

Houston

Jones Lang LaSalle Secures Six New Leases at Wortham Green in Houston

Newly constructed, 62,608-square-foot building now 40% occupied


HOUSTON, JANUARY 5, 2010 — As leasing agent for Wortham Green in Houston, Jones Lang LaSalle announced that it has recently secured six new leases for the 62,608-square-foot, Class A building. So far this year, more than 24,000 square feet of space has been leased since the completion of Panattoni’s Wortham Green in March, including the building’s first tenant, McCall Gibson, Swedlund and Barfoot, PLLC, which was announced in February. The newest tenants include the following:
 
• Argo Group US leased 4,300 square feet in November. Valerie Palmquist with Transwestern represented the tenant.
 
• McLarens Young International leased 3,500 square feet in October.
 
• Priority Management Systems leased 3,400 square feet in December. The building will serve as the company’s first Houston office.
 
• KB&L Energy leased 1,500 square feet in September.
 
• Streets & Steele leased 1,500 square feet in August. Danna Sossen of The Real Estate Department represented the tenant.
 
• 10 Group Insurance leased 1,300 square feet in October.
 
Owned by an affiliate of Panattoni Development, Wortham Green boasts an efficient design, high quality building systems, and interior finishes and is one of the area’s few LEED-registered buildings. It is situated in a convenient location near the intersection of US 290 and FM 1960, and there are numerous restaurants and hotels within five minutes of the building, as well as four golf courses within a 10-minute drive.
 
“We have been pleased with how the building has been received in the market, given this year’s challenging environment,” explained Louis Rosenthal, Vice President at Jones Lang LaSalle in Houston, who leads the leasing efforts at the building. “We have been marketing Wortham Green intensely, providing detailed analysis of the significant savings tenants can incur by officing in a LEED designed building that is closer to their homes and avoiding the commute up and down US 290. We anticipate continued recognition of the significant value the building offers as we move into 2010 and get closer to the 290 expansion construction that will take place in the near future.”
 
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.