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News release

San Diego, CA

Jones Lang LaSalle Completes Lease Renewal, Expansion and Extension for MPG Office Trust – San Diego Tech Center


SAN DIEGO, February 17, 2011Jones Lang LaSalle closed a lease renewal and expansion at the San Diego Tech Center, totaling more than 96,000 square feet and valued at more than $13.5 million, on behalf of owner MPG Office Trust – San Diego Tech Center. 
 
The new 60-month lease renews Novatel Wireless Inc.’s commitment for four suites at the 9645 Scranton Road property and adds 20 percent more space within the building.
 
Jones Lang LaSalle’s Jay Alexander, Managing Director, Chad Urie, Executive Vice President and Tim Olson, Senior Vice President represented MPG Office Trust – San Diego Tech Center, while Dennis Hearst, Senior Director and David Viani, Senior Associate of Cushman Wakefield represented Novatel Wireless. 
 
The San Diego Tech Center is a landmark Class A technology complex, which serves as the focal point for the Sorrento Mesa Technology area.  Unique amenities at the Tech Center include a five-acre Japanese garden with a swimming pool, spa, fitness center and an onsite Karl Strauss Brewery.
 
About Jones Lang LaSalle
 
Jones Lang LaSalle is a leader in the San Diego commercial real estate market. The firm employs approximately 45 of the area’s most recognized industry experts offering services in brokerage, capital markets, facility management and project development services. In 2010, the San Diego team completed more than 1.4 million square feet in lease transactions and directed $34.5 million in project management and currently leases and/or manages more than 5.5 million square feet in the market.
 
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.