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LaSalle obtains financing for JV between CalEast and Gazeley

April 2007

Client(s) LaSalle Investment Management, Inc.

Jones Day advised LaSalle Investment Management, Inc. in connection with its €75.3 million (US$102 million) financing of the joint venture between CalEast Global Logistics, LLC, an owner of millions of square feet of industrial real estate, and Gazeley, a global provider of sustainable logistics space, under the common terms agreement arranged by Eurohypo AG. CalEast is a real estate operating company whose members include LaSalle Investment Management, Inc. and The California Public Employees' Retirement System (CalPERS).

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