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News release

New York, NY

Paul Formichelli of Jones Lang LaSalle Elected President of NAIOP’s New York Chapter


NEW YORK, January 25, 2010 — Paul Formichelli, senior vice president, with Jones Lang LaSalle’s New York office was elected earlier this month as president of the New York chapter of NAIOP.

NAIOP is the national trade organization for commercial developers, landlords, owners and investors. Formichelli will serve a one-year term as head of the organization’s 2011 leadership team. Brian Robin, executive vice president and COO, with Monday Properties will serve as second in command, Susie Noddle of Celestial Capital Group was elected as secretary, and Jay Fehskens of Time Equities will serve as treasurer.

“I am deeply honored to have been elected,” said Formichelli. “I look forward to carrying on the great work started by the past two presidents — Rick Lechtman and Joe Tufariello — and continuing to grow the membership base of this young chapter.”

Prior to joining Jones Lang LaSalle, Formichelli served as a managing director with The Staubach Co., where he completed a broad range of strategic office and industrial leasing transactions since 1997.

Formichelli received a bachelor’s degree from The College of the Holy Cross.  Formichelli is an active member of the Real Estate Board of New York, CoreNet Global, the Urban Land Institute and the Regional Plan Association. Formichelli is licensed as an associate broker in the state of New York. He is also an active member of Holy Cross’s Alumni Association and the Holy Cross Leadership Council of New York.

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 21 million square feet in lease transactions, concluded property sales transactions valued at more than $1.75 billion, managed projects valued at more than $4 billion, and oversaw a property and facilities management portfolio of 76 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.