McDonald’s Renews JLL Alliance

McDonald’s Corp. (MCD - Analyst Report), a premier global foodservice retailer, recently renewed its strategic alliance with Jones Lang LaSalle Inc. (JLL - Analyst Report), a leading real estate investment trust (REIT) in the U.S.
 
Under the terms of the deal, Jones Lang LaSalle will continue providing transaction management and project management services for 25 leased regional offices of McDonald’s across the country. The company would also provide facility management and project management services to McDonald’s for its 831,000 square feet of space in the western suburbs of Chicago.
 
Jones Lang LaSalle is a leading full-service real estate firm that provides corporate, financial, and investment management services. The company caters to corporations and other real estate owners, users, and investors worldwide. A broad real estate product and service range, and extensive knowledge of domestic and international real estate markets enable it to operate as a single-source provider of real estate solutions.
 
Jones Lang LaSalle had tied up with McDonald’s since July 1997. The alliance reaped huge benefits for both the companies. Currently, Jones Lang LaSalle offers investment management services to over 1.2 million square feet of leased and owned properties throughout the U.S.
 
The renewal of the pact augurs well for the real estate companies like Jones Lang LaSalle, and offers a fresh life-line to the beleaguered real estate industry.

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