Jones Lang LaSalle Incorporated (NYSE: JLL), the world's leading real estate services and money management firm, today announced that it has agreed to acquire the assets of The Standard Group, the foremost retail transaction management firm, which is headquartered in Chicago. The Standard Group's comprehensive portfolio advisory, site selection and rollout services will bolster Jones Lang LaSalle's nationwide retail services that include multi-site project management and facility management for retail stores as well as leasing, management and advisory services for 150 retail properties.

"This acquisition, which will add significant depth to our retail transaction management capability, is consistent with our strategy of reinforcing our leadership in key markets across the country and in all aspects of real estate services," said Peter Roberts, Chief Executive Officer of Jones Lang LaSalle Americas. "The addition of The Standard Group strengthens our ability to meet growing demand from retail clients for comprehensive transaction management services."

Through the acquisition, The Standard Group's Joseph Brady, Branson Edwards and Lewis Kornberg will join Jones Lang LaSalle as Managing Directors. They will be based in Chicago. An additional 14 employees will join the firm and operate across the United States -- in Atlanta, Chicago, Los Angeles, Portland, Seattle, St. Louis and Washington, DC.

"Jones Lang LaSalle provides the perfect complement to The Standard Group's transaction business and allows our clients to leverage a far greater platform of services," said Lew Kornberg, Managing Director of The Standard Group. "The retail real estate outsourcing business has changed dramatically since we founded our firm over seven years ago. Now clients are looking for the broader suite of services that Jones Lang LaSalle offers."

"The Standard Group is on the cutting edge of outsourced retail transaction management services, which is emerging as a way to deliver high quality store sites more quickly and more cost effectively," said Doug Sharp, who will direct the new service line. "By combining Jones Lang LaSalle's multi-site project management services with The Standard Group's proven expertise in every process from site selection through store opening, we will be able to provide our clients with turnkey service that is unequalled in the real estate industry."

Greg Maloney, CEO and President of Jones Lang LaSalle Retail, added, "As the largest third-party manager of retail properties in the U.S., we come in contact with hundreds of retailers every day. They've been asking us to offer more comprehensive retail real estate services and, now, Jones Lang LaSalle will have a complete outsourced offering for leading retailers."

The Standard Group's clients include some of the leading national retailers. Currently the firm is managing the national rollout for T-Mobile USA, the Emerging Markets new store growth for Jamba Juice, and new store and lease renewals for Bright Now! Dental.

"For over six years, The Standard Group has been the driving force behind T-Mobile's retail real estate growth and success, having overseen all aspects of the new store acquisition process and the opening of over 1,000 new stores. T-Mobile is enthusiastic about The Standard Group's move to Jones Lang LaSalle and we look forward to leveraging its platform for our continued growth and success," said Debra Coates, Director of Retail Development and Real Estate for T-Mobile.

Jones Lang LaSalle was represented by DLA Piper and The Standard Group was represented by Clark Hill PLC.

This announcement follows on the heels of Jones Lang LaSalle's recent U.S.-based acquisitions of industrial leader Klatskin Associates, Corporate Realty Advisors in North Carolina and Zietsman Realty Partners based in Los Angeles. In 2006, the firm expanded its presence in Boston and Washington, D.C., through the acquisition of Spaulding & Slye.

About The Standard Group

The Standard Group is a leading nationwide provider of retail real estate transaction management services. The firm executes the retail rollout process for its clients including planning, developing and managing high-performance retail portfolios. Founded in 2000, the firm has built an impressive client base and in the last three years has strategically located and opened more than 1,400 new stores for retailers across the United States.

The Standard Group Leadership:

Joseph Brady, Managing Director Joseph Brady has over 18 years of experience in both retail operations, as a franchisee, and in fast-growth corporate real estate development. In his role at The Standard Group, he has been responsible for national rollouts and outsourced services for various notable retailers including serving as the account lead for Jamba Juice. Brady has a master's degree in business administration from the University of North Carolina and is a member of the ICSC Economics Subcommittee.

Branson Edwards, Managing Director

Since 2000 and the creation of The Standard Group, Branson Edwards has worked for some of the fastest growing retailers. He has been directly or indirectly responsible for more than 1,200 new store transactions in over 40 states, including leases, purchases, sale-and-leasebacks, business acquisitions, portfolio management and disposition. Edwards has a master's degree in business administration real estate from the University of North Carolina.

Lewis Kornberg, Managing Director

During his seven years at The Standard Group, Lewis Kornberg has been national account lead for T-Mobile and has overseen the group's involvement in the acquisition of nearly 1,000 new retail store locations. He has a vast knowledge of both retailing and real estate and 18 years of diverse and successful transaction-based experience including: landlord and tenant representation, leasing and third-party management involving institutional, corporate and private entities. Kornberg has a master's degree in business administration from Washington University, St Louis.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to FORTUNE magazine's "100 Best Companies to Work For" and Forbes magazine's "400 Best Big Companies," has approximately 160 offices worldwide and operates in more than 450 cities in over 50 countries. With 2006 revenue of more than $2.0 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. In the United States, Jones Lang LaSalle is the largest third-party shopping center manager with a 56 million-square-foot portfolio of 150 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers and transportation terminals across 31 states. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of more than 1.3 billion square feet worldwide. In 2006, the firm completed capital markets sales and acquisitions, debt financing, and equity placements on assets and portfolios valued at $70.9 billion. 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 $46.9 billion of assets under management.

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