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News release

New York

Robert Martin of Jones Lang LaSalle Assists with $800M Refinancing at 245 Park Avenue

Refinancing among largest loans in Manhattan in past several years


NEW YORK, November 12, 2010 — Robert Martin, vice chairman, with Jones Lang LaSalle’s New York office assisted with the $800 million refinancing loan provided by the Bank of China to Brookfield Office Properties for the refinancing of the Class A, 44-floor, 1.7 million square foot 245 Park Avenue office building. The refinancing is among the largest loans originated in Manhattan in the past several years.

Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2009, the New York tri-state team completed approximately 23 million square feet in lease transactions, concluded property sales transactions valued at more than $1.75 billion, managed projects valued at over $4 billion, and oversaw a property and facilities management portfolio of 101 million square feet.

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.