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News release

Burbank, CA.

Jones Lang LaSalle Completes 9,482 SF Office Lease with Partners Federal Credit Union in Burbank


BURBANK, CALIF., Feb. 23, 2011 — Jones Lang LaSalle represented Partners Federal Credit Union in a 9,482-square-foot headquarters lease renewal at Cusumano Plaza, a 65,000-square-foot office property located at 100 N. First Street in Burbank, Calif.  

Jones Lang LaSalle Managing Director Jim Lindvall, Vice President Dean Hawthorne and Southwest region Chief Operating Officer Alan Aufhammer represented Partners Federal Credit Union in the transaction. The property owner, Cusumano Real Estate Group, was represented in house.

“With the Los Angeles office leasing market still in recovery mode, many landlords are being proactive to retain tenants in order to maintain cash flow,” said Hawthorne.  “Jones Lang LaSalle was able to negotiate a favorable lease term that provided Partners Federal Credit Union with tremendous savings and flexibility.”

About Partners Federal Credit Union

Partners Federal Credit Union is a full-service financial institution serving the financial needs of more than 100,000 members including employees of The Walt Disney Company. Partners enjoys outstanding strength and stability - made even stronger by a 2007 merger with Vista Federal Credit Union.

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.