Real Estate Giant to Acquire Klatskin

Jones Lang LaSalle, the $2 billion real estate services and money-management giant, announced today it is acquiring the assets of the Hasbrouck Heights real estate services firms Klatskin Associates and Klatskin Associates Management.Jones Lang LaSalle (NYSE: JLL), the $2 billion real estate services and money-management giant, announced today it is acquiring the assets of the Hasbrouck Heights real estate services firms Klatskin Associates and Klatskin Associates Management.

The acquisitions will increase Jones Lang LaSalle’s presence in New Jersey, making Hasbrouck Heights its third corporate office in the state. The company also has offices in Edison and Parsippany.

Six Klatskin principals, including Charles Klatskin, and 20 other employees, will join Jones Lang LaSalle. “The combination of our industrial expertise and local knowledge with Jones Lang LaSalle’s depth of services and global coverage will provide our clients with the ultimate real estate services team,” Klatskin said.

“New Jersey is the fourth-largest industrial market in the United States and, as home to many Fortune 500 companies and the key port of entry for the East Coast, the premier industrial market in the Northeast region,” said Craig Meyer, director of Jones Lang LaSalle’s national industrial practice.

After the acquisitions, Jones Lang LaSalle will have more than 300 employees in New Jersey to provide real estate services such as leasing, management, investment and project management.

Shares of Jones Lang LaSalle were trading at $97.87 this morning, an increase of $1.08.