EAST WENATCHEE, WA, August 16, 2005 - Jones Lang LaSalle was recently awarded the management of Wenatchee Valley Mall, the principal shopping center in North Central Washington, by owner Passco Real Estate Enterprises. The 342,000-square-foot mall completed a major redevelopment in 2000, adding, expanding or remodeling 32 stores.
“Our team of experienced professionals is eager to devote its expertise and resources to enhancing the value of Wenatchee Valley Mall, said Greg Maloney, President of Jones Lang LaSalle’s Americas Retail group. “We are well positioned to provide the most comprehensive and dynamic services for this new client and its property.”
Built in 1978, Wenatchee Valley Mall is anchored by Macy’s, Sears, and Bed Bath & Beyond. The shopping center has over 40 retail outlets, including Wells Fargo Bank and Quiznos. Additionally, Sally’s Beauty Supply and Doghouse Urban Wear are slated to open soon.
About Jones Lang LaSalle Retail
In the United States, Jones Lang LaSalle Retail is the largest third-party shopping center manager with a 38-million-square-foot portfolio of more than 60 regional malls and transportation terminals across 27 states. Jones Lang LaSalle (NYSE: JLL) is the world’s leading real estate services and money management firm with a portfolio of over 879 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.am.joneslanglasalle.com/retail.