LaSalle affirms commitment to Chicago
CHICAGO June 5, 2015 – LaSalle Investment Management (“LaSalle”), a leading global real estate investment manager, today announced it is relocating the firm’s global headquarters to 333 West Wacker Drive in Chicago. The selection of 333 West Wacker Drive demonstrates LaSalle’s commitment to the city of Chicago and all that it offers LaSalle’s growing, worldwide business.
333 West Wacker Drive is located near the intersection of the Chicago River’s North and South branches, in the midst of a vibrant Loop business district experiencing high demand and significant leasing and development activity. The iconic building, owned and managed by Hines, was designed by architecture firm Kohn Pedersen Fox Associates, and stands out for its graceful curved glass façade mirroring the bend of Wacker Drive. In addition to its architectural significance, the location offers convenient transportation options for employees and visitors and positions LaSalle among many of Chicago’s leading financial services firms and innovative technology companies.
LaSalle expects to take occupancy of its new global headquarters in late 2015. The company will occupy a full floor comprised of approximately 27,000 square feet, creating an open and collaborative environment for LaSalle’s Chicago-based employees. LaSalle is engaging with the Chicago-based team of Interior Architects to design a modern workspace with the latest in technology that also reflects LaSalle’s unique culture and history as a global real estate investment firm with Chicago roots. With a strong emphasis on sustainability across real estate investments made on behalf of its clients, LaSalle intends to seek LEED certification for the construction of its space.
Jason Kern, LaSalle Americas CEO, says: “It is with much excitement that LaSalle is creating a new and dynamic global headquarters in the great city of Chicago. Ultimately, our goal is to create a collaborative workspace for our employees and a meaningful experience for our clients, who visit us from around the globe. In 333 West Wacker, we’ve found an environment where we can grow and innovate, and create a wonderful new space for our employees in Chicago who work so hard to deliver the best possible service to our clients.”
Tom Danilek, Hines senior managing director, added: “We are extremely pleased to have LaSalle become part of our strong tenant roster at 333 West Wacker.”
JLL is representing LaSalle in the lease negotiations. LaSalle manages institutional and individual investor capital from around the world. It currently has approximately $14 billion in AUM in the Americas and more than $55 billion worldwide.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $58 billion as of Q4 2017 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.