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News release

Addison, TX

Jones Lang LaSalle Secures 82,706-Square-Foot Office Lease Renewal and Expansion for United Surgical Partners International


ADDISON, May 11, 2010 — Jones Lang LaSalle announced today that United Surgical Partners International (USPI) has expanded its office space to 82,706 square feet and extended its lease term at Colonnade III, located at 15305 Dallas Parkway in Addison, Texas. The Colonnade location serves as USPI’s headquarters.

President Paul Whitman and Senior Vice President Josh White with Jones Lang LaSalle represented USPI. Senior Vice Presidents J.J. Leonard and Jay Bailey and Associate Susannah Wallace with CBRE represented the landlord, CB Richard Ellis Investors.

“USPI decided to expand and extend its lease at The Colonnade due to the location, superior amenities and its positive experience as a 10-year tenant in the complex,” said Whitman, President of the Dallas region.

The Town of Addison worked aggressively to keep USPI in the Colonnade, which is one of the premier office developments in Addison. Mayor Joe Chow emphasized how excited and pleased he and the City Council were to retain USPI in Addison, because they consider the company to be one of the town’s most prominent business citizens.

City Manager Ron Whitehead added, “Addison has been very proud to have USPI in our community and watch them rapidly become an industry leader. We want to continue to be part of their formula for success and we are pleased that this new lease and expansion at the Colonnade lets us do that.”  

USPI will occupy floors 14, 15 and 16 at The Colonnade III, a one million-square-foot, Class AA multi-tenant office complex that offers a state-of-the-art conferencing facility with free WiFi, a fitness center, café, convenience store, and The Colonnade Club, a lounge area located in the building's atrium that serves appetizers and beverages during the business week.

“Especially in today’s climate, we have seen tenants place a premium on quality ownership, while focusing on properties with first-class amenities and services; the Colonnade offers the best of both,” said Leonard. “We have been fortunate to capture more than our share of market demand in the past year, and USPI’s commitment to renew and expand their headquarters lease solidifies the Colonnade as the premier office location in North Dallas.”
 
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.