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
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
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.
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