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News release

San Francisco

Jones Lang LaSalle Wins Leasing Assignment for One Front Street


SAN FRANCISCO, September 17, 2010 – Jones Lang LaSalle has been awarded the exclusive leasing assignment for One Front Street, a 38-story, 639,000 square foot Class A office building in downtown San Francisco’s financial district.  Christopher T. Roeder, Wes Powell and Ted Davies will handle the leasing for the property owner, Atlanta, GA-based institutional investor Invesco.

“This is a signature asset in the hands of solid core ownership.  The building offers prime amenities including extensive indoor parking and excellent views of the Bay and the City from the upper floors,” said Wes Powell, Managing Director, Jones Lang LaSalle.  “It’s also in a great location – a location which will only get more attractive in the coming years as San Francisco brings more transit options into the downtown core,”

Powell pointed out that the building is located atop the northwestern entrance to BART’s Embarcadero station making the East Bay and Peninsula cities as well as San Francisco International Airport easily accessible for commuters and visitors.  The property is also three blocks from the sites of both the temporary Transbay Transit Center and the five-story Transbay Transit Center at First and Mission, on which construction commences this month and which is due to be completed by 2017.  The transit center will serve AC Transit, Muni, Greyhound, WestCAT Lynx, SamTrans and Golden Gate Transit buses and is the first phase in the development of a $4.185 billion intermodal transit center which will include the extension of Caltrain and, eventually, high speed rail into downtown San Francisco.  Other features of the development include a 5.4 acre park, homes and retail shops.

One Front Street is also a short walk from the San Francisco waterfront and is surrounded by a wide range of restaurants and hotels.  Current tenants in the building include Wells Fargo Bank, Covington & Burling, Skidmore Owings & Merrill, FTI, Jones Lang LaSalle and BNP/Bank of the West. 
 
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.