Jones Lang LaSalle Names New Managing Director forCapital Markets Group in Western U.S.

Business & Real Estate Editors

LOS ANGELES--(BUSINESS WIRE)--Sept. 28, 2000

Jones Lang LaSalle, a leading real estate services and investment firm, has named Thomas G. Miller managing director of Capital Markets responsible for the western United States.

Miller,

"Tom's extraordinary depth of real estate knowledge, coupled with global experience and proven leadership skills, are a tremendous resource for our firm and our clients throughout this region," said Thomas L. Beneville, managing director and president of Capital Markets.

"Real estate markets in the West continue to be among the most dynamic, with domestic and international real estate owners and institutional players targeting this area for investment."

Miller has completed several billion dollars of capital transactions across a variety of commercial property types, including office, retail, hotel and high-rise residential. He recently returned from serving for a year as the managing director of Jones Lang LaSalle in Japan, overseeing all aspects of the firm's activities in that complex real estate market.

Since joining the firm in 1984, Miller has worked in several different areas, including Investment Sales and Finance, Corporate Advisory Services and Investment Management Services.

"The outlook for the West continues to be one of high demand and growth, particularly in the commercial office sector," noted Miller. "Our staff is working in high gear on behalf of our clients, both buyers and sellers, with an eye on tapping into the enormous potential of this region."

Over the years, Miller has represented some of the world's top corporations, including Lucent Technologies, Time Warner, Honda Motor Co., Gucci, The Industrial Bank of Japan and Bank of America. Prior to joining Jones Lang LaSalle, Miller worked for Merrill Lynch in the Institutional Investment Group.

Miller graduated from the University of Southern California with a bachelor of science degree in business administration. He also attended the University of California, Los Angeles.

He is a member of the Urban Land Institute, the International Council of Shopping Center, IDRC and the Japan America Society. He is a licensed California real estate broker. He resides with his family in Palos Verdes, Calif.

The Capital Markets business of Jones Lang LaSalle is an industry leader in real estate finance, institutional property dispositions, corporate finance and portfolio advisory activities, including raising equity capital for private real estate companies.

From 1999 through the first half of 2000, the group completed a total of more than 135 investment-banking transactions in the United States on assets and portfolios valued at $7.0 billion.

Jones Lang LaSalle (www.joneslanglasalle.com) is the world's leading real estate services and investment management firm, operating across more than 100 key markets on five continents.

The company provides comprehensive integrated expertise, including property and corporate facility management, transaction services and investment management services on a local, regional and global level to owners, occupiers and investors.

LaSalle Investment Management, the company's investment management business, is the world's second-largest and most diverse real estate investment management firm, with $21.5 billion of assets under management.

Jones Lang LaSalle also is the industry leader in property and corporate facility management services, with a portfolio of approximately 700 million square feet under management worldwide.