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News release

San Antonio

Jones Lang LaSalle Expands Investor Services in Texas with Addition of Lynn Davis in San Antonio

Davis to expand the firm’s agency leasing and property management services, while bolstering its investment services capabilities in the Lone Star state


SAN ANTONIO, TX, June 1, 2010 — Jones Lang LaSalle has expanded its Investor Services offerings in San Antonio with the addition of industry leader G. Lynn Davis. Mr. Davis joins the firm as Senior Vice President of Agency Leasing in the San Antonio office.  In his new role, Davis will direct and expand the firm’s Investor Services offerings, which include investment sales, agency leasing and property management capabilities, in the greater San Antonio area and throughout the Lone Star State.

“Lynn is a results-driven professional with a fresh approach to agency leasing, strong ideals and innovative leasing solutions,” said Elysia Ragusa, Managing Director and Market Leader of the firm’s Austin and San Antonio offices. “He has strong relationships with the local brokerage community and will strengthen our client services locally as we continue to bring increased value to our clients’ assets.”

Jones Lang LaSalle’s San Antonio offerings already include a dedicated investment sales team. Davis’ addition marks the firm’s first investment into an expansion of the full suite of investor services in San Antonio.

“We are aggressively advancing our leasing and property management and capital markets capabilities throughout Texas and nationally,” said Gregory Green, President of Jones Lang LaSalle’s national Agency Leasing business.  “We bring a strategic, proactive and full service approach to maximizing the value of real estate assets for owners.”
 
Ragusa added, “We’re confident in the strength of our expanded service offerings as our experts understand the forensics of each building and what timelines and event triggers exist for each asset in San Antonio.  This expertise allows us to diagnose tailored solutions to each challenge as an integrated team.”

Davis comes to Jones Lang LaSalle from Rand Resources in Los Angeles, where he served on the development team of an entertainment themed 334-acre site to be anchored by a professional football stadium surrounded by office, hospitality and retail. His broad professional background also includes serving as a Leasing Director in Los Angeles and Vice President of Leasing in Houston. His career began in San Antonio where he was Leasing Vice President of Houston based Century Capital, responsible for leasing One International Centre, a 300,000-square-foot Class A office property.

Davis earned his J.D. from Western State University. He is a licensed real estate broker in Texas and California.

Jones Lang LaSalle has been serving clients in the greater San Antonio commercial real market since 2007.  Following its merger with Staubach in 2008, Jones Lang LaSalle now has nearly 40 professionals in San Antonio, covering retail, property management, public institutions, corporate solutions and investor services.

Recently, RelocateAmerica.com named San Antonio one of the "Top 100 Places to Live” for 2010. As part of this national recognition, San Antonio was recognized as the fifth city in the ‘Top 10 Overall Cities’ category and the fifth in the ‘Top 10 Recovery Cities in America’ category.  RelocateAmerica.com cites San Antonio as a city with one of the strongest economies in the country that is ‘poised for swift economic recovery.’

According to Jones Lang LaSalle, office vacancy rates (Class A, B) in San Antonio improved to 14.2 percent in first quarter 2010, with average lease rates ranging from $18.77 per square foot for B properties and $20.95 per square foot for A properties.

About Jones Lang LaSalle Investor Services

Jones Lang LaSalle’s Investor Services group principally includes property management, agency leasing and investment sales.  The team focuses on the lifecycle of the asset by serving the client through all stages including:  acquisition, building positioning, capital improvements, re-stack, lease-up, building stabilization, to possible refinance, tenant retention and eventually disposition.
 
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.