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News release

Addison

Jones Lang LaSalle Secures 52,000-Square-Foot Lease for Hilton Worldwide


ADDISON, February 5, 2010 – Jones Lang LaSalle announced today that it has secured a 52,000-square-foot lease for Hilton Worldwide at Colonnade III, located at 15303 Dallas Parkway in Addison, Texas. The building will serve as Hilton Worldwide’s commercial services center. Additionally, Jones Lang LaSalle helped Hilton Worldwide obtain incentives from the Town of Addison.

Paul Whitman and Chelby Sanders with Jones Lang LaSalle represented Hilton Worldwide. J.J. Leonard, Jay Bailey and Susannah Wallace with CBRE represented the landlord, CB Richard Ellis Investors.  Jones Lang LaSalle also handled the relocation of Hilton’s world headquarters from California to Virginia in 2009.

“Hilton Worldwide seized this opportunity to relocate to The Colonnade, which is a three-building complex with outstanding amenities,” said Whitman, President-DFW, Jones Lang LaSalle. “Despite a short timeline, we were very impressed with the support and helpfulness of the Town of Addison and their efforts to expedite the permit process and plan approval in addition to providing incentives to help cover relocation expenses.”

Hilton Worldwide will take two floors at The Colonnade, a one million-square-foot Class AA multi-tenant office complex that offers ample meeting space with free WiFi, a fitness center, café, convenience store, medical and dental offices, dry cleaners, and an attached multi-level structured parking garage. With the addition of Hilton Worldwide, the CBRE leasing team has added more than 100,000 square feet of new tenants in the past six months.

“We knew that building amenities and customer service were of the utmost importance to Hilton Worldwide, which is why The Colonnade is a perfect fit,” said Leonard, senior vice president of CB Richard Ellis. “While other properties may have one or two of the services we provide, few can match the comprehensive 5-Star Service package that CBRE Investors has the financial strength to offer not only at the Colonnade, but across the country as well.”
 
Hilton Worldwide has also hired Jones Lang LaSalle’s Project Development Services (PDS) team, led by Byron Edgmon and Tim Mahar, to head up the project management. Hilton Worldwide will be using this opportunity to upgrade the workplace to meet its corporate standards, including new finishes and furniture.
 
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 2009 global revenue of $2.5 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 $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
About Hilton Worldwide
Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels.  For more than 90 years, Hilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value.  The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands.  Its brands are comprised of more than 3,500 hotels in 81 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn & Suites, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.  The company also manages the world-class guest reward program Hilton HHonors®.  For more information about the company, please visit www.hiltonworldwide.com.