Wednesday, June 14, 2006

Jones Lang LaSalle


Success Breeds Success in West L.A.

The California gold rush that began last year with the strengthening of our San Francisco and Los Angeles offices continues with the opening of a new location in West Los Angeles. The West L.A. office will house 22 professionals, including Markets teams led by Managing Directors Lisa St. John and Peter Best and Capital Markets groups led by Managing Directors Larry Krasner and Dave Doupe. The new office is located in the 2.2 million s.f. Century Plaza Towers owned by JPMorgan Chase, one of our largest institutional clients.

"West Los Angeles is one of the hottest real estate markets in California, with 54 million square feet," Lisa said. "Our firm has several institutional clients that either own or lease properties in the area, or do business there." Besides JPMorgan Chase, other major Jones Lang LaSalle clients in the neighborhood include Archon, Arden Realty and Beacon Capital.

The region is also a rich prospective environment for project management services, agency leasing and management assignments, and local tenant representation work. The new office forms a natural bridge with our downtown Los Angeles office because many clients and prospects are located in both areas.

"Our clients want us closer," said Lisa, "and it will definitely help to have people right on the ground in West L.A. to service accounts. This physical presence demonstrates our commitment and underscores our knowledge of that market."

"Opening this office is definitely in line with our firm’s strategic initiative to grow our footprint on the West Coast," added California Markets Operations Director Elizabeth Hearle. "In the last year we’ve raised ourselves to the number 3 firm in downtown Los Angeles, when before we weren’t even in the top tier. Now, that’s our goal for West L.A."

The address for the new office is 2049 Century Park East, Suite 2750, Los Angeles, CA 90067.
The phone number for the reception desk is +1 310 595 3660. The office's fax number is +1 310 595 3659.