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News release

Chicago

Jones Lang LaSalle Wins Leasing & Management Assignment for NBC Tower


CHICAGO, Nov. 8, 2010 — Jones Lang LaSalle and Metropolis Investment Holdings, Inc., announced today that the firm has been named by Metropolis as the property manager and exclusive leasing agent for NBC Tower, the iconic, 37-story, 850,000-square foot, Class-A office tower in downtown Chicago.
 
The leasing team will be led by Managing Director Paul Petricca and Vice Presidents Brian Atkinson and Melissa Rubenstein, while the property management team will be led by General Manager Noah Gens and Assistant General Manager Mason Taylor under the direction of Steve Zsigray, Midwest Director of Property Management.
 
“Jones Lang LaSalle is proud to assume the leasing and management responsibilities for NBC Tower, one of the finest and most well-recognized buildings in downtown Chicago,” said Dan Ryan, Jones Lang LaSalle’s Midwest Market Director.  “NBC Tower is one of the trophy properties that define the downtown Chicago office market and we are looking forward to increasing the overall market awareness of the building while also helping Metropolis improve operational efficiencies and business benefits to its highly-regarded tenant roster.”
 
Designed by Skidmore Owings & Merrill and completed in 1989, NBC Tower is a stunning art deco style building and home to several prominent tenants including, most notably, NBC 5 Chicago, Brinks Hofer Gilson & Lione and ComPsych.  Office floor plates range from 18,000 to 30,000 square feet and the ground floor offers 21,500 square feet of retail space, including more than 10,000 square feet that face North Michigan Avenue.  Amenities include parking for more than 600 automobiles, including 263 indoor parking spaces, and new building conference and fitness centers.  The building is currently 79 percent occupied.
 
Earlier this year, the building achieved the Energy Star label from the U.S. Environmental Protection Agency and the LEED-EB Silver designation by the U.S. Green Buildings Council.
 
“During the course of our comprehensive search for a new leasing and management provider we identified Jones Lang LaSalle as the firm most capable of helping us to continue our mission to improve the performance of NBC Tower, one of the most important assets in our national portfolio of high-rise CBD office buildings,” said Thomas R. Prescott, President of Metropolis Investment Holdings Inc.  “Given its great river- and lake-view corridors, efficient floor plates and timeless design, we believe that NBC Tower is one of the trophy office properties in the entire Midwest.  We know that this team at Jones Lang LaSalle shares that perspective and has the experience and market expertise to communicate that vision to the many outstanding tenants in the Chicago marketplace.”
 
With the addition of NBC Tower, Jones Lang LaSalle now leases and manages a portfolio of buildings totaling more than 20 million square feet in downtown Chicago.
 
About Metropolis Investment Holdings Inc.
 
Metropolis Investment Holdings Inc. is a Chicago-based investor and owner of iconic, Class-A office towers located in the central business districts of Chicago, Dallas, Houston, Philadelphia and San Francisco.  Additional investment real estate holdings include a downtown retail mall, multiple parking facilities and both urban and suburban developable land.
 
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.