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News release

New York

Jones Lang LaSalle Completes Three Deals Totaling 24,960 SF at 1330 Avenue of the Americas for CWCapital Asset Management

Allianz Risk Transfer to occupy entire 19th floor, Servcorp a portion of 23rd floor, Belstar a portion of sixth floor


NEW YORK, March 26, 2010 — Jones Lang LaSalle has completed three new direct leases totaling 24,960 square feet for CWCapital Asset Management at 1330 Avenue of the Americas. Allianz Risk Transfer Inc. leased 10,000 square feet, Servcorp signed for 6,440 square feet and The Belstar Group took 8,520 square feet at the 534,222-square-foot office building.

CWCapital Asset Management was represented by Frank Doyle, international director, Cynthia Wasserberger, managing director, David Kleiner, senior vice president, and Alexis Tener, associate, all with Jones Lang LaSalle’s New York office. Allianz Risk Transfer was represented by John Maher, executive vice president, with CB Richard Ellis Inc. Servcorp was represented by Eric Yarbro, senior vice president, with CBRE. Belstar was represented by Keith Caggiano, senior vice president, and Roshan Shah, first vice president, with CBRE.

“This is a Class A boutique office property prominently located on Sixth Avenue,” said Doyle. “Allianz Risk Transfer, Servcorp and Belstar Group were each able to take advantage of an unmatched opportunity to enjoy top-quality office space with great views of Central Park and the Sixth Avenue streetscape.”

Allianz Risk Transfer signed a 10-year lease and will occupy the entire 19th floor at 1330 Avenue of the Americas. Servcorp inked a 10-year lease and will occupy a portion of 23rd floor. Belstar Group signed a 10-year lease and will occupy a portion of the sixth floor.

The 40-story, Class A boutique office building, which was constructed in 1965, is located in Manhattan on Sixth Avenue between West 53rd and West 54th streets. Existing office tenants at the building include Advanced Portfolio Management, Robert Wood Johnson Foundation, Beacon Light Capital, Benedetto Gartland & Company Inc., Pearson, Harry Winston, Silvercrest Asset Management Group, and Stein Roe Investment Counsel L.L.C.

About CWCapital Asset Management
CWCapital Asset Management (CWCAM) is one of the industry’s premier special servicers. A member of the CW Financial Services (CWFS) vertically integrated family of companies, which also includes CWCapital Investments and CWCapital, CWCAM is currently named as special servicer for CMBS transactions backed by $174 billion of multifamily and commercial loans representing approximately 14,000 mortgage loans. CWCAM also performs special servicing duties on mezzanine loans and B Notes, acts as special servicer for CDO issuances, and performs third party special servicing for non-affiliated subordinated CMBS purchasers.

CWFS employs approximately 300 employees located in 12 offices nationwide. For more information, visit www.cwcapital.com.
 
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 1.4 billion square feet worldwide. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
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