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News release

New York

Jones Lang LaSalle Promotes Jay Koster to Lead Corporate Capital Markets


Industry pacesetter assumes key role in firm’s Capital Markets Group


NEW YORK, Feb. 9, 2009 – Jones Lang LaSalle today announces the firm has promoted Jay Koster to lead the Corporate Capital Markets business.  In this role as Managing Director, Mr. Koster will report to Kenneth Rudy, who recently assumed the role of President and Chief Operating Officer of the broader Capital Markets team.  His responsibilities will include strategic direction, new product and business development and client relationship management.
 
“Corporate Capital Markets has seen dramatic growth since its formation six years ago, as it develops optimal and innovative financial strategies to help satisfy the occupancy requirements of the firm’s clients,” said Mr. Rudy.  “Jay is exceptionally qualified for this leadership role and we are thrilled to have him here. “
 
Mr. Koster was responsible for the integration of the Capital Markets groups of Jones Lang LaSalle and The Staubach Company following the 2008 merger, and previously was co-head of The Staubach Company's Capital Markets Group. Jay was responsible for the day to day operation of that firm's Corporate Capital Markets group, steadily increasing revenue and profitability during his tenure.   Jay was also actively involved in the leadership of the firm's investment sales and investment management businesses, as The Staubach Company expanded its Capital Markets platform over the last few years.  Mr. Koster also earned The Staubach Company's Most Valuable Player award for its Fiscal Year 2008, as the firm's top revenue generator.
 
Mr. Koster has nearly 20 years of commercial real estate experience, primarily focused on real estate capital markets transaction structuring and placement, and real estate investment management.  Since joining The Staubach Company in 1999, he has been actively involved in structuring over 15 million square feet of transactions valued in excess of $9 billion.  Most recently, Mr. Koster has taken a prominent role in the firm¡¦s Distressed Property Strategies workgroup, identifying opportunities to assist clients in local markets during the current crisis. Mr. Koster began his real estate career with Prudential's real estate investment group, and held various roles in investment management, development, property management and agency leasing.  Jay holds a bachelors degree in business administration from the University of Texas.
 
Jones Lang LaSalle Capital Markets is composed of a broad range of real estate investment debt and equity specialists, and corporate finance experts, working on all property types and in all the major national markets on behalf of major institutional and local investors and developers, as well as corporations.  The firm's Capital Markets professionals are highly skilled at pinpointing and tailoring the right capital solutions for each of these client's needs.  The Investment Sales teams assist investors in developing and executing asset recapitalization strategies for office, industrial, retail, multifamily, healthcare and seniors housing product.  The firm’s Real Estate Investment Banking experts raise debt and joint venture equity for investors and developers, and provide secondary loan sale advisory services.  The Corporate Capital Markets professionals help corporations develop and execute strategies that bridge their occupancy, capital deployment and financial reporting objectives for their facility portfolios.  Collectively, the firm's Capital Markets team handled $82 billion in annual transaction volume in 2007.
 
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 1.3 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 $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.