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News release

St. Louis

Jones Lang LaSalle Named Exclusive Broker for the Ground Disposition of Seven Land Parcels at the Missouri Research Park


ST. LOUIS, March 3, 2010 — The University of Missouri named Jones Lang LaSalle exclusive agent for the ground disposition of seven land parcels at the 700-acre Missouri Research Park, which now has 1.5 million square feet of tenants within 16 buildings.  Ranging in size from 1.7 to more than 50 acres, the parcels are being offered at $6.50 per square foot.

Leading the Jones Lang LaSalle team on this assignment is John Langa of the firm’s St. Louis office and Kurt Little in the firm’s Chicago Public Institutions group.

“The Missouri Research Park is a true business park with a solid combination of office, research and development and light industrial tenants,” said Langa.  “The park has been tremendously designed and maintained and is ideally located within the St. Charles County high-tech I-64 Interstate corridor.”

The park features a variety of walking trails and woods, the 100-room Wingate by Wyndham Hotel and the Missouri Bluffs Golf Club, an award-winning, upscale, daily-fee championship golf course and practice range designed by Tom Fazio.

Tenants include Bank of America, the Federal Aviation Administration, Novus International, Nike IHM, Zoltek, Millipore, Wachovia Securities, National Weather Service, Natoli Engineering, Supplies Network and Westar Aerospace and Defense Group.

The Missouri Research Park is conveniently located in southern St. Charles County at the intersection of I-64 and Highway 94, within minutes of outstanding housing markets, a skilled labor force and area business centers.  It is also just five minutes from the Chesterfield Commons Shopping Center and a variety of retail and restaurant options.

The park is one of 10 research facilities across the state that the university system is supporting to stimulate economic development.

About the Missouri Research Park
Owned and managed by the University of Missouri, the Missouri Research Park officially opened in 1985.  It is the first business park in the St. Louis region to market exclusively to technology-intensive and research-based companies.  Today, more than 180 acres of land in the park are developed for high-tech and research facilities, and 17 tenant companies and agencies employ 2,000 people within the park.

The Missouri Research Park is a project of the University of Missouri Office of Economic Development and Research Parks, whose mission is to support Missouri’s economic growth by developing and sustaining research and technology alliances among the University, government agencies and private companies. For more information, call 573-882-6756 or visit the Missouri Research Park web site at um-mrp.org.

Enterprise Investment Program Announced
University of Missouri System President Gary D. Forsee recently announced the establishment of a new three-year, $5 million Enterprise Investment Program to create more jobs across Missouri.

For additional information, please contact: Office of Research and Economic Development, 573-882-6756 or visit: http://www.umsystem.edu/ums/news/releases/news10012901.shtml.
The university's economic development program has risen to a major strategic priority in recent years. The university system supports 10 research parks, incubators and business accelerators across the state. Last year the university received more than $308 million in externally sponsored research funding. Faculty research currently generates more than $10 million a year in licensing income - with plans under way to increase licensing revenue to $50 million by 2014.
 
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.