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News release

San Francisco

Jones Lang LaSalle Completes Negotiations on $137.5 Million Corporate Office Property Sale in San Francisco Bay Area


SAN FRANCISCO, Jan. 29, 2009 - Jones Lang LaSalle, acting as exclusive representative for Electronics For Imaging, Inc. (EFI), the world leader in customer-focused digital printing innovation, has completed negotiations on the sale of one of EFI’s corporate office properties and adjacent underdeveloped land parcels in Foster City, Calif. to locally based biopharmaceutical company Gilead Sciences, Inc. for a reported $137.5 million.
 
Leading the Jones Lang LaSalle team were Capital Markets Managing Directors Michel Seifer and Robert Dmytryk.
 
EFI will continue to occupy the company’s primary bay front headquarters office building located at 303 Velocity Way. The company sold the adjacent office building located at 301Velocity Way, consisting of approximately 163,000 square feet, along with approximately 30 acres of entitled development land to Gilead. Both properties are well-located, Class A facilities.

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 worlds largest and most diverse in real estate with $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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