JLL Keeping Its Global Headquarters at Chicago's Aon Center CHICAGO, IL -- (Marketwired) -- 06/13/14 -- Extending its long-standing commitment to the city of Chicago, the commercial real estate firm JLL (NYSE: JLL) is now finalizing negotiations on a new long-term lease agreement that will keep its global headquarters in the iconic Aon Center office tower. JLL has signed a letter of intent with Piedmont Office Realty Trust to extend its current 165,000-square-foot lease once its existing lease expires in 2017. The agreement also provides flexibility for JLL to expand its space as needed over the term of the lease to accommodate growth. Additionally, JLL and Piedmont are expected to begin work later this year on a complete overhaul of JLL's space into one that is more open, flexible, collaborative and integrated with technology. The first group of employees should move into the new space by mid-2015 with all remaining groups in place by mid-2016. Piedmont is also committed to a capital improvement program that will include renovations to the building's lobbies, common areas, retail arcade and fitness center. "Of all of the options that we considered, Aon Center is best suited for our employees and the way they work and gives us the best opportunity to implement the newest, best-in-class workplace designs," said JLL Americas CEO Greg O'Brien. "Moreover, the East Loop is easily accessible and provides the kinds of world-class amenities our employees told us they value. We are confident that staying in Chicago, in the East Loop, and, specifically, at Aon Center will best enable JLL's next generation of growth." JLL Managing Directors Jeff Liljeberg, Rob Schmidt and Michael Sessa are representing the firm in its final lease negotiations. JLL Managing Director Steve Smith and Vice President Mark Georgas are representing Piedmont. About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2617085 Contact: Ed Fanselow Phone: +1 312 228 3170 Email: firstname.lastname@example.org Gayle Kantro Phone: +1 312 228 2795 Email: Gayle.email@example.com
JLL Keeping Its Global Headquarters at Chicago's Aon Center
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