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News release

Los Angeles, CA

Jones Lang LaSalle Completes 15,099 SF Office Lease with Josephson Institute in Los Angeles


LOS ANGELES, Feb. 4, 2011 — Jones Lang LaSalle represented Josephson Institute in its 15,099-square-foot headquarters lease renewal at Airport Center, a 275,267-square-foot, Class A office property located at 9841 Airport Blvd. in Los Angeles. 

Jones Lang LaSalle Executive Vice President Michael Siteman and Vice President Jason Fine represented Josephson Institute in the transaction.  The property owner, Airport Holdings LP, was represented in-house by Joseph Brooks.

“The current economic conditions and our knowledge of local market dynamics allowed Jones Lang LaSalle to negotiate favorable terms enabling Josephson Institute to reduce its rent and extend its lease term,” said Fine.

About Josephson Institute

Josephson Institute develops and delivers services and materials to increase ethical commitment, competence, and practice in all segments of society. A nonpartisan and nonsectarian 501(c)(3) nonprofit organization, the Institute is funded by individual donations, foundation and corporate grants, fees and contributions for services, and sales of publications, curricular materials, and other products. The Institute also works collaboratively with influential organizations and individuals in a variety of fields.

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. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.