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News release

Dallas

Jones Lang LaSalle Grows Portfolio with Two Exclusive Leasing and Management Assignments in Dallas Area


DALLAS, Oct. 7, 2010 — Jones Lang LaSalle announced today that it has been awarded two exclusive leasing and management assignments in the Dallas area. These assignments underscore Jones Lang LaSalle’s growing portfolio of leased and managed properties, which now totals more than 12 million square feet, and follows the firm’s recent announcement of winning the leasing and management of Canal Centre in Las Colinas.

Four Point Star Operating Company has named Jones Lang LaSalle the exclusive leasing and management agent at Republic Center, located at 325 N. St. Paul Street in the Dallas CBD. Republic Center, a Class A, 1.1 million-square-foot, mixed-use project includes a 50-story office tower, 35-story apartment tower and support retail.

In 2000, the towers underwent a $75 million renovation to improve fiber optic service, technology and amenities. Property features include valet and garage parking, 24/7 on-site property management and security, 18-passenger elevators, DART light rail station, and proximity to more than 250 restaurants and stores in the area.

“The building is an icon in the Dallas skyline that provides a wonderful environment for tenants,” said Steve Everbach, Regional Director of Leasing and Management with Jones Lang LaSalle. “The building renovations, quality ownership, amenities, landmark statistics and the premium available space all make it a desirable place to locate a business. The buzz is returning to downtown Dallas, and Republic Center has played an important role in that trend.”

Kathy Czorniak, General Manager, will oversee the property management team. Shannon Brown, Vice President, and Sandie Matejek, Senior Vice President, will lead the leasing efforts.

“Republic Center is a testament to how historic properties can remain competitive,” said Greg Grainger, Managing Director, Jones Lang LaSalle.  “Four Point Star Operating Company’s commitment to exceptional service and their continuing improvements to Republic Center will keep the property competitive for many years to come.  We are excited to be a part of the continued legacy of Republic Center.”

“It was important for us to hire a company that understands how to operate and market this historically significant building,” said Shlomo Bakhash, Partner in Four Point Star Operating Company. 

Four Point Star Partner Sina Mahfar added, “Many of our tenants have been in the building for a long time and have grown to expect a high level of personal service. We are confident that the team at Jones Lang LaSalle will add significant value to this icon in the Dallas skyline.”

I&G 750 Canyon, LLC (a single asset entity of LaSalle Investment Management) has named Jones Lang LaSalle the exclusive leasing and management agent at 750 Canyon, a Class A, five-story, 240,812-square-foot office building in Coppell, near the intersection of State Highway 121 and Freeport Parkway. 

The team of James Esquivel, Senior Vice President, and Shannon Brown, Vice President, will lead the marketing and leasing efforts on behalf of the landlord. The team of Allison Millington, Senior General Manager, and Kelly Brannen, General Manager, will provide property management services.

“750 Canyon is a great asset for our team,” said Grainger. “Because the property is well leased and stabilized, our team plans to initially focus on tenant service and relations.”
Amenities include a fitness center, high-speed fiber optics, WiFi Café, shared conference center and concierge service. Additionally, the ownership is pursuing LEED Certification for the property through the implementation of energy management and sustainability programs.  Currently, the building is 72 percent leased, with 69,126 square feet available. 

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 website, www.joneslanglasalle.com.