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News release

Seattle

Jones Lang LaSalle Announces Leasing Assignment Win in Seattle


SEATTLE, May 13, 2010 – Jones Lang LaSalle announced it has been selected to handle several leasing responsibilities for the Seattle portfolio of First Industrial Realty Trust, Inc., a Chicago-based industrial REIT with 93 million square feet of real estate assets in major markets across North America. 

Andrew Harnish, Chris Spofford and Gary Danklefsen of Jones Lang LaSalle’s Seattle office will handle the account.  The Seattle portfolio consists of three Class A distribution properties totaling 233,000 square feet located in the Kent Valley submarket.  First Industrial acquired the buildings in August 2008. 

“These are highly attractive buildings in superior locations on key distribution corridors within the Kent Valley submarket and all easily accessible from the ports of Seattle and Tacoma as well as SEA-TAC Airport,” said Andrew Harnish, Vice President, Jones Lang LaSalle, Inc.  “We will be working closely with First Industrial over the next few years to make sure the portfolio maintains its competitive edge in a strategic market for the client,” he added.

Jones Lang LaSalle’s Seattle office offers a broad range of real estate advisory services to clients in the Puget Sound region including commercial brokerage, tenant representation, project management and capital markets advisory.  The company offers these services throughout all four major property sectors – office, industrial, multifamily and retail.
 
About First Industrial Realty Trust
 
First Industrial Realty Trust, Inc. (NYSE: FR) provides industrial real estate solutions for every stage of a customer's supply chain, no matter how large or complex.  Across major markets in North America, the Company's local market experts manage, lease, buy, (re)develop, and sell industrial properties, including all of the major facility types – bulk and regional distribution centers, light industrial, manufacturing, and R&D/flex.  First Industrial has a track record of industry leading customer service and, in total, owns and manages 93 million square feet of industrial space. For more information, please visit www.firstindustrial.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 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.