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News release

Pleasanton, CA

Telecom Giant Ericsson Expands Presence at Stoneridge Corporate Plaza


PLEASANTON, Calif., Nov. 2 2010 – Jones Lang LaSalle announced today that it represented Ericsson Inc., in a five-year, 41,635-square-foot office lease at 6160 Stoneridge Mall Road in Pleasanton. 

Ericsson, a major global provider of telecommunication and data communications systems, renewed its existing lease for 28,153 square feet and expanded by an additional 13,482 square feet at Stoneridge Corporate Plaza.  “This transaction is a positive sign for the Tri-Valley market, as it continues a trend of positive space absorption which began during the second quarter of this year,” commented Tom Maloney of Jones Lang LaSalle’s Walnut Creek office, which represented Ericsson in the transaction.

Stoneridge Corporate Plaza, a suburban office campus comprising five mid-rise office buildings situated around a two-acre park, is located close to Pleasanton’s 1.3 million-square-foot Stoneridge Mall and is owned by MetLife. 

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, www.joneslanglasalle.com.