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News release

Arlington Heights

Jones Lang LaSalle Brings Motorola Campus for Sale and Leaseback to Market 

Five office and flex buildings offered in Chicago suburb


ARLINGTON HEIGHTS, IL, Feb. 26, 2009 — Jones Lang LaSalle announced today that it is marketing a five-building campus on behalf of Motorola.  The 1.1 million square-foot offering is located in Arlington Heights, a suburb of Chicago.  The properties, available separately or as a portfolio, offer investors both long-term stabilized income as well as immediate redevelopment potential in a submarket experiencing good leasing velocity.
 
Leading the Jones Lang LaSalle team on this assignment is Managing Director Bruce Westwood-Booth, Senior Vice President Suzanne Martinez and Vice President Lisa Harwood.
 
Arlington Heights continues to be an integral part of Motorola’s global location strategy. As the company grows in the area, Motorola will manage space requirements at the site and explore options to accommodate Motorola employees.
 
“The north portion of the campus offers potential buyers an excellent opportunity to invest into strategically core properties with long-term stabilized cash flow,” says Bruce Westwood-Booth.
 
“Potential users and opportunistic investors will also find great value in the well-maintained buildings that are being offered either vacant or with a short-term leaseback allowing for immediate occupancy or near term income to help offset redevelopment expense,” Adds Ms. Martinez.  “The Northwest Submarket recently experienced an increase in leasing activity with sizable leases completed at the end of 2008 for major tenants.
 
The Arlington Heights campus is situated on 64 ± acres just outside of Chicago.  The portfolio offers recently renovated office and flex buildings with adaptable floorplates and ample parking with over 3,700 spaces.  This campus also offers unparalleled access to I-290 and I-90 and exceptional visibility on the east side of IL-53, immediately south of Dundee Road.  It is located less than 20 miles northwest of O’Hare International Airport.
 
About Motorola
 
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $30.1 billion in 2008. For more information, please visit www.motorola.com.
 
Jones Lang LaSalle Capital Markets is composed of a broad range of real estate investment debt and equity specialists, and corporate finance experts, working on all property types and in all the major national markets on behalf of major institutional and local investors and developers, as well as corporations.  The firm's Capital Markets professionals are highly skilled at pinpointing and tailoring the right capital solutions for each of these client's needs.  The Investment Sales teams assist investors in developing and executing asset recapitalization strategies for office, industrial, retail, multifamily, healthcare and seniors housing product.  The firm’s Real Estate Investment Banking experts raise debt and joint venture equity for investors and developers, and provide secondary loan sale advisory services.  The Corporate Capital Markets professionals help corporations develop and execute strategies that bridge their occupancy, capital deployment and financial reporting objectives for their facility portfolios.  Collectively, the firm's Capital Markets team handled $82 billion in annual transaction volume in 2007.
 
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 2008 global revenue of $2.7 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 1.3 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 more than $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.