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News release

Orlando

Jones Lang LaSalle Retail Awarded Leasing for Regency Village

Firm appointed leasing agents for the 83,000 square foot shopping center in Orlando


ORLANDO, February 16, 2009 — Jones Lang LaSalle Retail has announced that it has won the leasing mandate for the Regency Village Shopping Center in the heart of Orlando’s tourist corridor.  The 83,000 square foot center is located on the intersection of International Drive South and Vineland Avenue.  The property owned by Cohen Commercial Properties is anchored by a 54,000 square foot Publix store and is home to retailers such as a Sony JVC, Subway, The UPS Store and Outback Steakhouse.
 
“This property is ideally located in the Buena Vista tourist area, adjacent to Orlando Premium Outlets, the area’s most successful outlet mall,” said Mike Longmore, head of Jones Lang LaSalle Retail’s Open Air Division.  “This is a great selling point for retailers who have a ready-made customer base in the area.”
 
Leasing for the property which is 88 percent occupied, will be lead by Brigette L. Johnson.
 
Regency Village was acquired earlier this year by Cohen Commercial Properties for $13.75 million from developer Tinwood LLC, a joint venture between Regency Centers and Publix which built the property in 2002
 
About Jones Lang LaSalle Retail
 
As a third-party service provider, Jones Lang LaSalle Retail manages the largest retail portfolio in the country. Our 55 million-square-foot portfolio consists of more than 120 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers and transportation terminals across 29 states. Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to Forbes magazines "400 Best Big Companies" for three consecutive years, has a portfolio of 1.2 billion square feet of property under management worldwide, including more than 10,000 retail locations on four continents. Jones Lang LaSalle is the only global real estate services firm with a team of dedicated, full-time experts who deliver comprehensive and globally integrated services in Energy and Sustainability under one umbrella. We offer leading-edge, industry-unique technology, training and tools in energy and sustainability to maximize the benefits for our clients and the greater community. For more information on Jones Lang LaSalle Retail, visit www.jllretail.com
 
About Cohen Commercial Properties
 
Cohen Commercial Properties is an owner and operator of retail shopping centers. The firm and its affiliates own and operate properties throughout the United States with an emphasis on the southeast. Affiliated entities include Cohen & Co., Inc. Real Estate, the commercial real estate sales brokerage division that was founded in 1991; Cohen Asset Advisory, LLC and American Commercial Realty Corp., the leasing and property management divisions for affiliate-owned and third party managed properties; and The Cohen Family Foundation which provides funding to fight cancer, assist in the development of underprivileged children, and protect the environment.
 
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.