Firm to oversee transaction management, facility management for more than 1 million square feet of office space in over 40 countries
NEW YORK, NY – March 6, 2012 – (RealEstateRama) — Jones Lang LaSalle has been selected by IAC as the exclusive global real estate advisor for the company’s real estate needs worldwide.
Jones Lang LaSalle will oversee transaction management, lease administration and select project management assignments for IAC’s global portfolio of real estate, which encompasses more than 1 million square feet of office space in over 40 countries. The assignment includes the firm’s 130,000-square-foot, Frank Gehry-designed headquarters at 555 West 18th Street, which is managed by Jones Lang LaSalle.
The Jones Lang LaSalle team for this account will be led by Steven Rotter, executive vice president, and includes Scott Panzer, vice chairman; Ryan Masiello, vice president; Jeff Staubach, managing director; and Chelby Sanders, senior vice president, with the company’s Dallas office. The group will work closely with Christian Bryan, head of real estate for IAC.
“IAC is one of the leading Internet companies in the world,” said Rotter. “The company has offices in more than 40 countries, and we are thrilled that Jones Lang LaSalle has been chosen to offer our breadth of services and effectively handle IAC’s real estate needs around the world.”
Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
Company:
Shea Communications
Phone: +1-212-627-5766
Email: mfaris (at) sheacommunications (dot) com
