JLL Wins 3.6 MSF Management Portfolio from Equity Office Properties

December 16, 2011
By Nicholas Ziegler, News Editor

Highland Oaks IV in Tampa

Calling the deal “a great win for our landlord leasing team,” Jones Lang LaSalle’s national leasing group’s president, Gregory Green, was pleased with his firm’s most recent contract. And he should be – JLL is now looking at 3.6 million square feet of property management and leasing responsibilities within Equity Office Property Trust’s portfolio.

EOP awarded the firm 1,178,134 square feet to manage and lease in Florida, including Highland Oaks I, II, III, IV, and V Class A suburban office buildings in a master planned office park in Tampa that touts a fitness center, a deli and a Hilton Garden Inn on site; Northpoint I, II and IV Class A suburban office buildings in Lake Mary, Fla; and Class A suburban Celebration Business centers I and II, and Celebration Office centers I and II in Celebration, Fla.

In the Chicago area, where Jones Lang LaSalle already has a longstanding presence, the leasing team was awarded 1,168,491 square feet, including Executive Towers I, II and III in Downers Grove, Ill., with convenient access to an adjacent Marriott Suites Hotel featuring a conference, hotel and health facilities; 2275 Cabot Drive in Lisle, Ill.; Oakmont Tech Center in Westmont, Ill.; 2000 York Rd. in Oak Brook, Ill.; and Atrium II in Arlington Heights, Ill.

In the Atlanta area, the leasing team was awarded 1,250, 629 square feet, including Sugarloaf offices I, II, III, IV, V, VI, VII at the Business Park at Sugarloaf in Duluth, Ga. — a mixed-use park comprised of nearly 500,000 square feet of Class A single-story and multi-story office space in seven buildings and 750,000 square feet of industrial space in seven buildings.

In addition, the leasing team also won 6650 Sugarloaf Pkwy., 3805 and 3885 Crestwood Pkwy., 2850 Premiere Pkwy., and Hampton Green Office I, all in Duluth, Ga.; as well as Huntcrest I, II, III and IV in Lawrenceville, Ga.

Jones Lang LaSalle has been picking up large management contracts in the second half of 2011. In August, the firm landed both a 4.3 million-square-foot job with Principal Financial Group, and a 15.4 million-square-foot industrial contract with IndCor Properties.