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News release

Atlanta

Jones Lang LaSalle to Lease and Manage Calhoun Square in Minneapolis


ATLANTA, June 30, 2010 — Jones Lang LaSalle today announced that it has been selected as exclusive leasing and managing agent for Calhoun Square, a 160,000 square-foot shopping center located at 3001 Hennepin Avenue in Uptown Minneapolis.

“Calhoun Square is well located on the corner of Lake Street and Hennepin Avenue, one of the busiest intersections in the area,” said Greg Maloney, President and CEO of Jones Lang LaSalle Retail.  “It is an extremely popular shopping, dining and entertainment destination and an important cornerstone of the community.”

Todd Karlen of Jones Lang LaSalle will direct leasing efforts at Calhoun Square while Ken Seifert leads the management team. 

Calhoun Square boasts a unique mix of local and national shops and numerous dining options as well as an LA Fitness center.  The mall is undergoing redevelopment and expanding by 40,000 square feet for more shops and restaurants. A vertical component has also been entitled for Phase III. The parking ramp has been expanded by two levels to provide better access to customers and there has been extensive landscaping to enhance the Uptown shopping experience.
 
About Jones Lang LaSalle Retail

As a third-party service provider, Jones Lang LaSalle Retail manages the largest retail portfolio in the country. The firm's 79 million-square-foot retail portfolio consists of more than 300 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers, transportation terminals and over 6,000 retail ATM's and bank branches across 49 states. Globally, Jones Lang LaSalle (NYSE: JLL) has a retail portfolio of 252 million square feet of property under management and leasing, including more than 9,500 retail locations on four continents. Jones Lang LaSalle is the only global real estate services firm with a team of dedicated, full-time experts who deliver comprehensive and globally integrated services in Energy and Sustainability under one umbrella. The firm offers leading-edge, industry-unique technology, training and tools in energy and sustainability to maximize the benefits for its clients and the greater community. For more information, visit www.jllretail.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.