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News release

New York

Jones Lang LaSalle Lands 10,616-RSF Deal for Mendez Boxing at 60 Madison in New York

Boxing club to open third location in Manhattan at office building


NEW YORK, August 2, 2010 — Jones Lang LaSalle has completed a 10,616-rentable-square-foot direct lease with Mendez Boxing at 60 Madison Avenue. The boxing club signed a 10-year lease for below-grade space with a private entrance off Madison Square Park at the 169,360-square-foot office building.

The tenant was represented by Sean Black, vice president, with Jones Lang LaSalle’s New York office. The building owner, The Moinian Group, was represented in-house by Kimia Shadrokh.

“Mendez Boxing has been growing dramatically and sought an appropriate location for its third gym in Manhattan,” said Black. “The boxing club’s new location is located a block away from its two other sites. Mendez Boxing expects to keep the other two locations open, given that demand for its services remains very strong.”

Mendez Boxing will occupy 10,616 rentable square feet of below-grade space at 60 Madison, located between East 26th and East 27th streets. The boxing club will have a private entrance at the building. Mendez Boxing’s two other locations are at 25 West 26th Street and 251 Fifth Avenue in Manhattan.

Neighboring tenants at 60 Madison include Appellate Court Division, Bilinguals Inc., Haffle, Financial Communication Co. Inc., Material ConneXion and The Argentum Group.

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 tri-state area, Jones Lang LaSalle provides leasing and management services for more than 94 million square feet of commercial real estate on behalf of owners and occupiers in the region. For further information, please visit our Web site, www.joneslanglasalle.com.