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News release

Chicago, IL

Blue Cross Blue Shield parent renews, expands big lease in Downers Grove


CHICAGO, Feb. 3, 2011 — In one of the largest suburban lease transactions of the past 12 months, Health Care Service Corporation (HCSC) has completed a restructuring and long-term extension of its 177,800-square-foot lease at the Highland Oaks II office tower in Downers Grove.

Mike Sessa, Dan Maslauski and Craig McKesson of Jones Lang LaSalle completed the transaction on behalf of HCSC, which operates the Blue Cross Blue Shield health plans in Illinois, Texas, Oklahoma and New Mexico.

The deal also lowered the overall rental rate, secured new capital funds from the landlord and added long-term flexibility.

Highland Oaks II is located at 1020 W. 31st Street, just south of Interstate-80 near Highland Avenue. HCSC now occupies more than 80 percent of the 218,000-square-foot-building.

Bill Elwood of CB Richard Ellis represented building ownership in the transaction.
 
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 2010 global revenue of more than $2.9 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 1.7 billion square feet worldwide.  For further information, please visit our website, www.joneslanglasalle.com