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News release

New York

Jones Lang LaSalle Secures 64,821-SF Lease for Piper Jaffray at 345 Park Avenue

Investment banking firm to occupy entire 12th floor, portion of 11th floor

NEW YORK, June 22, 2010 — Jones Lang LaSalle has completed a 64,821-square-foot direct lease for Piper Jaffray & Co. at 345 Park Avenue. The investment banking firm signed a 10-year lease for office space at the 1.8 million-square-foot, Class A office building.

The tenant was represented by Lisa Kiell, managing director, and Barbara Winter and David Kleiner, senior vice presidents, all with Jones Lang LaSalle’s New York office. Building owner Rudin Management Co. Inc. was represented in-house by Tom Keating.

“Piper Jaffray was operating out of two separate offices in Manhattan and sought to consolidate its offices into one Midtown location,” said Kiell. “Jones Lang LaSalle was able to locate appropriate space for the investment bank at 345 Park Avenue. The high-end office building was ideal for Piper Jaffray, given its great views of Midtown and superior service.“

Piper Jaffray signed for 64,821 square feet of space and will occupy the entire 12th floor and a portion of the 11th floor at 345 Park Avenue, which is located between East 51st and East 52nd streets. The investment banking firm is consolidating into the building from two separate Manhattan sites.

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. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site,