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News release

Chicago, IL.

Jones Lang LaSalle Boosts Tax Mitigation Offering with Strategic Tax Management Hire

Experienced tax consultant Chad Polak to contribute to rapidly expanding global service offering


CHICAGO, Feb. 14, 2010 — Jones Lang LaSalle today announced that Chad Polak has joined the firm as the lead for the recently established Tax Administration service offering.  In response to an increasing demand from the Jones Lang LaSalle client base for tax assessment and administration services, Jones Lang LaSalle established a program late last year.  Polak will be based in Jones Lang LaSalle’s Chicago office and will report directly to Vivian Mumaw, International Director, Corporate Solutions.

“As we continue to elevate our tax mitigation service by developing the most robust approach to address the escalating complexity of tax laws and market conditions, structuring the Jones Lang LaSalle team with the most experienced, talented, and client-service oriented tax professionals is one of the most important elements of our strategy,” said Vivian Mumaw at Jones Lang LaSalle. “Chad’s decade-long experience and successful track record will ensure our tax mitigation practice continues to serve our clients with its strong reputation, wide geographic reach, strategic alliances and scope of services.”

Polak will be responsible for a full scope of tax mitigation services and will serve as the main point of contact for the firm’s corporate client base. He will also be the liaison in enhancing Jones Lang LaSalle’s strategic alliances with its tax appeal service providers.

Polak joins Jones Lang LaSalle from Property Assessment Advisors, LLC where he served as a Senior Property Tax Consultant managing a nationwide portfolio of more than 280 industrial, commercial, and multi-family properties for property tax purposes.

“In today’s market, corporations face a critical challenge in cutting costs to boost profitability and gain competitive advantage,” said Polak. “Adopting a successful tax management program to minimize real estate operating costs and maximize value is critical in the current environment, and I look forward to contributing to Jones Lang LaSalle’s continued success in this arena.”

Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides a comprehensive review, recommendations and appeal process to manage a corporation’s real estate tax budget which usually comprises four to six percent of a company’s overall real estate budget.

Jones Lang LaSalle can present its clients the widest range of solutions that align real estate strategy and corporate goals to minimize property tax liabilities and costs. The Real Estate Tax Mitigation team annually reviews all owned and leased locations; updates and compares valuations to those imposed by taxing authorities; and supplements the review and appeal process with experts in the field.

Polak holds a Masters of Science degree in Real Estate from Roosevelt University as well as a Masters Certificate in Public Administration from Indiana University – Purdue University Indianapolis. He earned his Bachelors of Science degree in Business Administration from Northwood University.
  
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 1.8 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.