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News release

Miami

Goldstein and Edelman of Jones Lang LaSalle represented JP Morgan Chase in the relocation of their Florida and Latin American Headquarters as well as the disposition of an office building in Miami Beach


MIAMI, July 28, 2010 – Scott Goldstein, Vice President and Keith Edelman, Senior Vice President of Jones Lang LaSalle represented JP Morgan Chase in a multi-year, 48,304 square foot lease at 1450 Brickell Avenue in Miami, Florida.  This location will serve as the company’s Florida and Latin American headquarters.

“JP Morgan capitalized on the current commercial real estate market conditions and achieved substantially favorable economic lease terms while increasing operational efficiencies” said Goldstein.

In addition, Jones Lang LaSalle also closed the sale of a 20,603 square foot office building in Miami Beach for JP Morgan Chase.  Harbor Group International purchased the property, located at 1801 Alton Road, for $4 million (or $194.15 per square foot).

Jones Lang LaSalle has approximately 436 employees in Florida providing real expertise across all major markets within the state including agency leasing, property management, project and development services, capital markets and tenant representation.  The firm is also responsible for the leasing and management of nine million square feet of Class A office space across the state. 

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 $38 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.