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News release

Las Vegas

Jones Lang LaSalle Retail Broadens Expertise Under New Corporate Retail Solutions Banner

Firm expands retail rollout expertise with three new hires


LAS VEGAS, May 24, 2010 — Jones Lang LaSalle Retail has broadened its retail rollout expertise under a new banner called Corporate Retail Solutions (CRS). Formerly known as Retail Outsourcing Services, the expanded client service team provides a full range of outsourced real estate services for its retail clients, managing both their new store rollout process and their existing store portfolios.  Jones Lang LaSalle is in its third year of building a robust and comprehensive service offering for retail tenants/occupiers following the firm’s acquisition of The Standard Group in 2008.

“Being able to provide an end-to-end lifecycle solution for all of our client’s real estate requirements is critical in today’s rapidly changing retail environment,” said co-lead and Managing Director of Corporate Retail Solutions Joe Brady.  “Retailers are facing increasing challenges as a result of a continuing volatile economy and they need our help now more than ever.”

The team’s portfolio of clients includes financial institutions, sporting goods and electronics retailers, automotive, grocery and furniture stores. Over the past 18 months, the practice has nearly doubled in size and tripled the number of clients it serves.

“Our business has expanded to match our clients’ needs, and we possess specialized expertise encompassing all aspects of the retail rollout process from concept analysis and market planning through site acquisition and project development,” said Brady. “Retailers are also demanding assistance optimizing their existing portfolio of properties. We are able to offer a wide range of capabilities to satisfy this growing need including lease administration and asset management services,”

“Market conditions have forced many retailers to outsource their real estate requirements. We’re now well positioned with a team in excess of 40 professionals, many of whom are former retailers, to collectively serve retailers across North America,” said Lew Kornberg, co-lead and Managing Director of Corporate Retail Solutions.

The team recently expanded into Canada with the appointment of Bob Vrenjak as its Vice President and Director of Real Estate.  Based in Toronto, Vrenjak will run the Canadian arm of the firm’s CRS group. He will work with retailers to implement the firm’s full range of strategic solutions.

CRS has also expanded its Midwest operations by appointing Mark Shanahan in Chicago as Director of Real Estate. He brings 12 years of prior, in-house, retail real estate and legal experience to his current position having served with national retailers Starbucks, Chico’s, CarMax and Circuit City.   Kim Tobiason also joins as Director of Real Estate, based in Seattle and will serve retailers in the Pacific Northwest.  Angel Broach joins as Senior Analyst and was formerly with Apple Computer in California.

About Jones Lang LaSalle’s CSR group:

Jones Lang LaSalle’s Corporate Retail Solutions group is the leading full-service provider of outsourced real estate services for retailers.  The CRS group provides services including: concept analysis and market planning; customer profiling; profitability modeling; comprehensive new store acquisition and rollout oversight; project development; facilities management; lease administration; and portfolio management. Jones Lang LaSalle is the premier provider of end-to-end/life-cycle solutions for the retail industry.

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.