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News release

Los Angeles

Jones Lang LaSalle Markets World-Class Development Site in Los Angeles

Two-acre site adjacent to Beverly Hills and Century City; Zoned for condo, hotel, office or retail


LOS ANGELES, APR 05, 2010 — Jones Lang LaSalle has been retained to market a 2.4 acre world-class development site known as 10000 Santa Monica for Gonzalo-Century City LLC.  The 104,545-square-foot unimproved lot is located adjacent to both Beverly Hills and Century City and across the street from the Los Angeles Country Club.  It is currently zoned for condominium, hotel, office and retail development.

Leading the Jones Lang LaSalle team on this assignment are Managing Directors Jeff Adkison and Michael Zietsman and Vice Presidents Javier Rivera and Brendan McArthur.  Executive Vice President Ben Singer from the firm’s Real Estate Investment Banking practice is also collaborating.

“There are few properties in the world more coveted, not only for its prime location, but also for its potentially limitless possibilities,” said Adkison.  “10000 Santa Monica is one of those exceptional development sites which rarely enters the market and we feel certain it will appeal to a host of national and international investors.”

The property known as 10000 Santa Monica is a rectangular-shaped lot with approximately 375 feet of frontage on Santa Monica Boulevard and approximately 280 feet of frontage on Moreno Drive.  It is zoned C2-2, allowing for up to 475,000 square feet of development.  As it is not encumbered by low maximum height restrictions, the lot is ideal for a high-rise development. 

About Jones Lang LaSalle Capital Markets

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Our in-depth local market and global investor knowledge delivers the best-in-class solutions for our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In the last three years, Jones Lang LaSalle Capital Markets completed more than $143 billion transactions globally. Our Capital Markets team comprises approximately 1,500 specialists, operating in 180 major markets worldwide.
 
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. 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 $37 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
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