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Firm wins ‘Office Lease Transaction of the Year’
VANCOUVER, June 18, 2012 — The National Association of Industrial and Office Properties (NAIOP) awarded Jones Lang LaSalle for ‘Office Lease of the year’ at this year’s Awards of Excellence. The firm was honored for representing Columbia College as lead tenant of the 73,791-square-foot Containers office building at 438 Terminal.
The winning team included Ray Ahrens from Jones Lang LaSalle who represented the tenant.
“The deal was significant as Columbia College was the first tenant to lease a new Vancouver building in years and they will become a catalyst to transform the False Creek Flats,” said Ray Ahrens, Vancouver Executive Vice President of Jones Lang LaSalle. “The deal was complex, required the involvement of multiple stakeholders and consultants, and took a total of nine months to complete. Columbia College purchased a minority interest in the development and leased back the entire building of 73,791 square feet.”
The awards highlight the performance, teamwork, creativity and leadership role played by professional advisors. The five finalists were judged based on criteria including quality, functionality, leasing, sustainability, innovation and financial performance of the project.
About Jones Lang LaSalleJones 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 billion of assets under management. For further information, please visit www.joneslanglasalle.ca.
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