Jones Lang LaSalle Recommits to Aon Center for Its Headquarters

Wells Real Estate Funds Awards Jones Lang LaSalle Leasing and Management


Sep 20, 2004, 01:00 ET from Jones Lang LaSalle

    CHICAGO and ATLANTA, Sept. 20 /PRNewswire-FirstCall/ -- Jones Lang LaSalle
 and Wells Real Estate Funds today announced the renewal of Jones Lang
 LaSalle's 10-year, 132,000-square-foot lease at Aon Center, a
 2.6-million-square-foot office building owned by Wells Real Estate Investment
 Trust, Inc. (Wells REIT) and located in Chicago's East Loop.
     (Photo: )
     Additionally, Wells has awarded Jones Lang LaSalle the leasing and
 management of Aon Center, effective October 16 and extending through the term
 of the lease, along with seven additional office properties within its
 national portfolio.  Jones Lang LaSalle will assume the leasing and management
 responsibility for 4.8 million square feet of office space in properties owned
 by Wells-sponsored programs in three key markets:  Chicago, New Jersey and the
 greater Washington, D.C. area.
     Shawn P. Mobley, Senior Vice President of Tenant Representation, and
 Daniel T. Ryan, Chief Operating Officer of Leasing & Management for Jones Lang
 LaSalle negotiated the transaction on behalf of the company.  Don Henry,
 Managing Director of Asset Management, and Senior Vice Presidents George Wells
 and Chuck Alexander of Wells represented the building ownership.
     "During our discussions with Jones Lang LaSalle we recognized that our
 firms share a commitment to high-quality management services and excellence in
 all that we do," said Don Miller, Chief Real Estate Officer of Wells.  "Jones
 Lang LaSalle's reputation and well-respected brand, coupled with the caliber
 of its employees, makes us confident in their ability to successfully lease
 and manage our assets."
     "Being based in a prestigious office building that reflects the stature of
 Jones Lang LaSalle as a company was one of our occupancy requirements.  Aon
 Center exceeds all of our expectations, and we are proud to continue to be
 associated with the building," said Peter C. Roberts, CEO of Jones Lang
 LaSalle Americas.  "We are honored that Wells chose us to lease and manage a
 portion of its portfolio and are confident in our ability to enhance the value
 of their assets."
     Employee input was paramount in Jones Lang LaSalle's occupancy decision.
 Over the course of the last year, feedback was elicited from surveys and focus
 groups, which indicated that employees enjoyed Aon Center due to its excellent
 amenities, natural light and breathtaking views of Lake Michigan and the
     Aon Center is located at 200 East Randolph Drive, overlooking Millennium
 Park, Grant Park and Lake Michigan.  The building is a recognized landmark on
 Chicago's skyline and is conveniently located near the world-class shopping on
 Michigan Avenue as well as the city's most well-known theaters and museums.
 The building's amenities include the Mid-America Club, a full-service post
 office, Associated Bank, a variety of restaurants and retail shops and the
 adjacent Lakeshore Athletic Club and Fairmont Hotel.
     About Jones Lang LaSalle
     Jones Lang LaSalle (NYSE:   JLL) is the world's leading real estate services
 and money management firm, operating across more than 100 markets around the
 globe. The company provides comprehensive integrated expertise, including
 management services, implementation services and investment management
 services on a local, regional and global level to owners, occupiers and
 investors.  Jones Lang LaSalle is also the industry leader in property and
 corporate facility management services, with a portfolio of approximately 725
 million square feet (67 million square meters) under management worldwide.
 LaSalle Investment Management, the company's investment management business,
 is one of the world's largest and most diverse real estate money management
 firms, with approximately $23 billion of assets under management. For more
 information, visit .
     About Wells Real Estate Funds
     Wells Real Estate Funds is a national real estate investment management
 firm that purchases real estate on behalf of Wells-sponsored investment
 programs.  Since 1984, more than 160,000 individuals across the country have
 invested (through their financial advisors) in Wells-sponsored investment
 programs to help diversify their investment portfolios.  Collectively,
 Wells-sponsored programs own more than $6 billion in assets (valued at cost)
 totaling more than 30 million square feet of space.  To find out more, visit
 Wells online at .
     Wells Real Estate Funds Disclaimer
     This press release may contain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities
 Exchange Act of 1934, including discussions regarding Wells' use of proceeds
 and certain other factors that may affect future earnings or financial
 results.  Such statements involve risks and uncertainties, which could cause
 actual results to vary materially from those expressed in or indicated by the
 forward-looking statements.  Factors that may cause actual results to differ
 materially include changes in general economic conditions, changes in real
 estate conditions, construction delays, increases in interest rates, lease-up
 risks, lack of availability of financing, and lack of availability of capital
 proceeds.  This is neither an offer nor a solicitation to purchase securities.

SOURCE Jones Lang LaSalle