Valdosta Daily Times

Business

July 13, 2007

Firm picked to provide property management for mall

ATLANTA — Jones Lang LaSalle announced that it has been selected by Atlanta-based Gregory Greenfield and Associates, Ltd. (GGandA) to provide leasing and property management services for eight retail centers, including the mall in Valdosta, totaling nearly five million square feet of space throughout Alabama, Georgia and the Carolinas. With these new assignments, Jones Lang LaSalle now leases and manages over 15 million square feet of retail space on behalf of GGandA.

Of the eight retail centers, six are enclosed malls and two are open-air shopping centers. The enclosed centers are:

• Bel Air Mall, a 1.3 million-square-foot mall in Mobile, Alabama;

• University Village, a 527,000-square-foot mall in Auburn, Alabama;

• Glynn Place, a 508,000-square-foot mall in Brunswick;

• Valdosta Mall, a 536,000-square-foot mall in Valdosta;

• Greenville Mall, a 450,000-square-foot mall in Greenville, N.C.; and

• Myrtle Beach Mall, a 524,000-square-foot mall in Myrtle Beach, S.C.

Pinnacle at Tutwiler Farm (440,000 square feet) and Promenade at Tutwiler Farm (644,000 square feet), located near Birmingham, Alabama, are the two open-air shopping centers.



About Gregory Greenfield

and Associates, Ltd.

Gregory Greenfield and Associates, Ltd. is an investment, leasing and development company that specializes in regional shopping centers. In addition to 14 properties in its existing mall portfolio, the company was recently retained to provide asset management services on behalf of the owners of the eight properties listed above, bringing its total assets under management to 22 malls valued in excess of $1.7 billion. In May 2007, it was announced that Babcock and Brown, an Australian-based international investment and advisory firm, had agreed to acquire GGandA and a portfolio of eight regional malls currently managed and controlled by GGandA.



About Jones Lang LaSalle Retail

In the United States, Jones Lang LaSalle Retail is the largest third-party shopping center manager with a 35-million-square-foot portfolio of more than 60 regional malls and transportation terminals across 25 states and the Caribbean. 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 a portfolio of 982 million square feet of property under management worldwide, including more than 280 shopping centers on four continents. For more information on Jones Lang LaSalle Retail, visit www.jllretail.com .

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