CHICAGO, IL – July 14, 2010 – (RealEstateRama) — General Growth Properties, Inc. (NYSE: GGP), one of the country’s premier shopping mall owners and developers, and Jones Lang LaSalle (NYSE: JLL), the world’s leading integrated financial and professional services firm specializing in real estate, have established a long-term strategic alliance through which Jones Lang LaSalle acquired the management and leasing responsibilities for the properties in GGP’s third-party management division. The portfolio of 18 regional shopping malls and community centers in 11 states adds more than 11 million square feet to Jones Lang LaSalle’s retail portfolio of 84 million square feet in the Americas and 265 million square feet worldwide. In addition, through the strategic alliance, the two firms will work together to pursue opportunities for Jones Lang LaSalle to provide additional third-party services to new and existing clients.
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