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News release

New York

Jones Lang LaSalle Selected to Lease 777 Third Avenue By The William Kaufman Organization Ltd.

Firm Chosen to Lease 484,600 SF of Class A Office Space on 27 Floors


NEW YORK, March 23, 2009 — Jones Lang LaSalle has been selected by The William Kaufman Organization Ltd. as exclusive leasing agent for the 583,185-square-foot 777 Third Avenue office building. The company will lease approximately 484,600 square feet, or 27 floors, at the 38-story office property.
 
The Jones Lang LaSalle team was brought on to work in concert with Michael Lenchner, director of leasing with Sage Realty Corp. The group will be led by Peter Riguardi, president of Jones Lang LaSalle’s New York office, and includes Frank Doyle, international director, and Cynthia Wasserberger, managing director. The Class A 777 Third Avenue is located between East 48th and East 49th streets.
 
“This is a tremendous opportunity for tenants looking for full floors of modern office space in an architecturally significant building,” said Riguardi. “The 777 Third Avenue office tower was designed to provide natural light and spectacular views throughout the building. The property offers a state-of-the-art security system, on-site parking, a concierge-like service, extended HVAC hours, and is centrally located in the Midtown office market near Grand Central Terminal and a number of subway stations.”
 
Designed by Swiss-born architect William Lescaze, 777 Third Avenue was constructed in 1963 by
The William Kaufman Organization. The company has continually upgraded the 38-story property to keep it current with advances in technology and amenities.
 
The majority of the 484,600 square feet of office space available at the building was occupied by advertising firm Grey Global Corp., which will vacate the building by December 2009.
 
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 2008 global revenue of $2.7 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 1.3 billion square feet worldwide. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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