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News release

New York

Jones Lang LaSalle Completes Two Deals Totaling 20,995 SF for Great American Insurance Co. at 65 Broadway

Insurer Inks 15,580-SF renewal, 5,415-SF new lease at Class A office building


NEW YORK, May 10, 2010 — Jones Lang LaSalle has completed two lease transactions totaling 20,995 square feet for Great American Insurance Co. at 65 Broadway, also known as Media Tech Center. The insurer signed a renewal for 15,580 square feet and a new lease for 5,415 square feet at the 351,000-square-foot, Class A office building.

The tenant was represented by Martin Horner, international director, and Joseph Pollaci, vice president, both with Jones Lang LaSalle's New York office. Building owner AM Property Holding Corp. was represented in-house by Paul Wasserman and Nat Wasserman.

“Great American has been at 65 Broadway for more than 10 years and was considering a relocation and consolidation effort in another building,” said Horner. “After an exhaustive search of the market , we advised the insurer that a renewal was the most attractive option. Jones Lang LaSalle was also able to find space at the building for a separate Great American business unit by working with the building owner to amend the insurer’s existing lease.”

Great American has renewed its lease for the entire 20th floor, totaling 15,580 square feet, at 65 Broadway for 10 years. The insurer houses its Ocean Marine group in the space and also signed a new, direct lease for 5,415 square feet on a portion of the 11th floor for its Fidelity and Crime group.

About Great American Insurance Co.

Great American's roots go back to the 1800s with the founding of Great American Insurance Co. in 1872, based in New York City. Great American Insurance Co. is owned by American Financial Group (NYSE/NASDAQ:AFG), and is engaged primarily in specialty property and casualty insurance business.
 
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 1.6 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 approximately $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.