JLL Reasserts Alliance with Cisco

Jones Lang LaSalle Inc. (JLL - Analyst Report), a leading real estate investment trust (REIT), recently reasserted its strategic alliance with Cisco Systems, Inc. (CSCO - Analyst Report), a premier global Internet networking services company, and further extended it for five years. The mutually beneficial partnership encompasses transaction management, lease administration, and surplus property management services of the 24 million square feet global portfolio of Cisco.

The deal strengthens Jones Lang’s position in the market and offers it an expanded role in the operations of Cisco. Jones Lang had been delivering real estate services to Cisco since 2001. The company offered an established global platform, resources, and expertise that enabled Cisco’s Workplace Resources Group to attain operational excellence. The Real Estate and Workplace Resources Group of Cisco is responsible for construction and development worldwide as well as facility and security operations.

Jones Lang 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.