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News release

Miami

Jones Lang LaSalle’s Steve Medwin Promoted to Head of Brokerage in South Florida


MIAMI, Oct. 14, 2010 — Jones Lang LaSalle today announced that Steven J. Medwin, SIOR, CCIM, has been promoted to Managing Director and will head the firm’s brokerage business for South Florida.  The role will include managing the landlord and tenant representation teams for both office and industrial real estate in Miami, Fort Lauderdale and Boca Raton. In addition, he will sit on Jones Lang LaSalle’s national brokerage Leadership Council.

“Steve is a seasoned pro and understands the brokerage business both inside and out,” said Jones Lang LaSalle Florida Market Leader, Kurt Keaton.  “He will be a great addition to the firm’s brokerage leadership and will help drive business in this important region for the firm.”

Medwin and his team recently brokered the largest industrial lease in South Florida in the last two years.  Representing landlord Morgan Stanley Real Estate they completed a 342,750- square-foot long-term lease to Bel Inc. at Lincoln Logistics Park located at 12610 NW 115th Avenue, Medley, FL.

Despite the challenging economic environment and historically high vacancy rates in the South Florida industrial market, during the past 15 months the trio completed six leases at Lincoln Logistics Park totaling 650,000 square feet and valued at nearly $40 million. The latest lease brings occupancy at the Park to 97 percent.

A 20-year industry veteran, Steve Medwin has completed more than 500 commercial real estate transactions valued in excess of $1 billion and has sourced more than $150 million worth of acquisition and development opportunities for his previous employer, Lincoln Property Company. He has represented several Fortune 500 companies in site selection, acquisition, disposition and development of industrial properties throughout the U.S.

He has received numerous industry awards during his career including the 2009 South Florida NAIOP (National Association of Industrial and Office Properties) awards for industrial building sale and industrial project of the year, and 2008 office building sale of the year.

Jones Lang LaSalle has approximately 380 employees providing real estate expertise across all major markets in Florida including agency leasing, property management, project and development services, capital markets and tenant representation.  The firm is responsible for the leasing and management of more than 12 million square feet of commercial space across the state.
 
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, visit our website, www.joneslanglasalle.com.