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News release

Indianapolis, IN.

Farmers Insurance leases 26,840 SF at Lake Pointe Center 5 office building


INDIANAPOLIS, March 24, 2011 — Jones Lang LaSalle announced today that Farmers Insurance has leased a 26,840-square-foot space at Lake Pointe Center 5, a newly-developed 150,000-square-foot Class-A office building in Indianapolis’ Allison Pointe office park.

Jones Lang LaSalle Vice President Adam Broderick completed the transaction on behalf of the building’s owner/developer, Indianapolis-based Edgeworth Laskey Properties, LLC. Farmers Insurance, which was represented by Brian Askins of UGL Services, will take occupancy this summer.

Built atop a hill overlooking Interstate-465 on the city’s northeast side, the six-story building is the third Allison Pointe building developed by Edgeworth Laskey. It features a two-story open atrium, multiple conference room options, a fitness center and on-site ownership and property management as well as picturesque lake views and a scenic outdoor walking path.

The building, which was completed in 2008, has been leased up at a remarkable pace with only one full floor (26,840 square feet) still available for lease.  Other tenants in the building include Northwestern Mutual and the actuary and employee benefits consulting firm Nyhart.

Jones Lang LaSalle’s Indianapolis landlord leasing team, led by Executive Vice President John Robinson and Broderick, markets a portfolio totalling more than 3.7 million square feet, including Lake Pointe Center 5,  the five-building 1.1-million-square foot Keystone at the Crossing complex and the 1.1-million-square-foot Chase Tower, the city’s tallest building.

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 more than 1,000 locations worldwide, including 185 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.
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