Property-ownership affiliates of Morgan Guaranty Trust of New York have retained Chicago-based Jones Lang LaSalle Inc. to take over leasing and property management responsibilities for the 1.5 million-sf office park in west Miami-Dade County.
The leasing and property management contract, which also cover office properties in Raleigh, NC, and Richmond and Norfolk, VA, contains a provision for the evaluation of the portfolio's disposition and financing options.
It is uncertain whether disposition is a serious option for the Morgan Guaranty affiliates, because a spokeswoman in the Chicago offices of Jones Lang LaSalle would not discuss details of the deal and even expressed initial hesitancy about disclosing the identity of the property owner.
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