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News release

NEW YORK and CHICAGO

JLL Secures Renewal for Neuberger Berman at 190 South LaSalle Street in Chicago

Investment manager signs lease for 66,711 SF at Tishman Speyer’s 798,782-SF, Class A office tower


NEW YORK and CHICAGO, October 26, 2015 — JLL has completed a renewal and expansion transaction for Neuberger Berman at 190 South LaSalle Street in Chicago with building owner Tishman Speyer Properties. The investment management company signed a seven-year lease renewal and expansion to 66,711 square feet of space at the Class A, 798,782-square-foot commercial office tower.

Neuberger Berman was represented by Jim Wenk, managing director, and Michael Tirpak, senior vice president, both with JLL. Building owner Tishman Speyer Properties was represented in-house by Joe Gordan, managing director.

“As a current tenant, Neuberger Berman’s clients and employees know the benefits of the central location and building amenities,” said Wenk. “Tishman Speyer worked closely with all parties involved to secure a future commitment and renewal.”

Neuberger Berman signed a seven-year lease renewal and expansion to 66,711 square feet and will occupy the entire 23rd floor, 24th floor and 27th floor at 190 South LaSalle Street, which is located at the intersection of South LaSalle Street and West Marble Place, near the Chicago Board of Trade. The lease terms on all the tenant’s space at the building are coterminous and expire in 2028.

The 40-story 190 South LaSalle Street was designed by Philip Johnson and John Burgee of Johnson/Burgee Architects, with construction completed in 1986. The Red imperial and Spanish pink marble curtain wall of the building is topped by a two-story, double-cross copper gable roof with exceptional views of the city. Each floor offers approximately 22,000 square feet of highly efficient space with virtually no columns.

Amenities at 190 South LaSalle Street include a conference facility and “The Library,” a business club for tenants, on the 40th floor of the building, as well as a fitness center, AraOn restaurant, sundry shop, ATM, messenger service, on-site concierge and easy access to suburban trains and CTA bus and train lines. The office tower is located within walking distance of numerous restaurants, theaters, hotels and public transportation.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,000 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2014, the New York tri-state team completed approximately 22.8 million square feet of lease transactions, arranged investment sales transactions valued at more than $5.4 billion, managed projects valued at $7.6 billion, and oversaw a property management, facilities management and agency leasing portfolio exceeding 163 million square feet.

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. A Fortune 500 company 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 $56.0 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.