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News release


Jones Lang LaSalle Markets Trophy Office Building for Sale in Suburban Chicago

Class A Highland Landmark III located within prime East/West Corridor

CHICAGO, Oct. 6, 2010 — Jones Lang LaSalle’s Investment Sales specialists today announced the firm has been chosen to market the Class A trophy office building known as Highland Landmark III for sale in suburban Chicago for a joint venture of Wells Real Estate Investment Trust II Inc. (Wells REIT II) and Lincoln Property Company.  The nine-story, 275,197-square-foot office tower is located in Downers Grove along the Eastern East/West Corridor at the intersection of I-88 and I-355.

Leading the Jones Lang LaSalle team on this offering are Managing Directors Jim Postweiler and Bruce Miller and Vice President Jascint Vukelich.

“In the six years that Wells REIT II has owned the property, several significant new leases and top-tier global tenants have been added, keeping occupancy high at a current 97 percent,” said Bert Collins, senior vice president, with Wells REIT II’s asset manager, Wells Real Estate Funds.

Added John Grissim, Senior Executive Vice President of Lincoln Property Company, "The building has always been in demand by the best quality corporate tenants because of its visibility, access, floorplates and parking."

Highland Landmark III is located at 3010 Highland Avenue in Downers Grove, offering unobstructed suburban views and 40% green space due to the 100’ no-build zone fronting 31st Street and the adjacent five-acre nature preserve.  Completed in 2000, the tower is located within the Highland Landmark Park, a 42-acre office development that won the NAIOP Development of the Year award.  The property offers 984 parking spaces and received its Energy Star certification in 2009 and 2010.

“We expect this property to appeal to a wide variety of investors, both foreign and domestic.  Now that the capital markets are showing renewed strength, this is a fine opportunity to purchase a world-class building in suburban Chicago with the same quality and infrastructure as new construction, minus the lease-up risk,” said Postweiler.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for its clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In the last three years, Jones Lang LaSalle Capital Markets completed more than $143 billion transactions globally. The firm’s Capital Markets team comprises approximately 1,500 specialists, operating in 180 major markets worldwide.

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 website,