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CHICAGO-Jones Lang LaSalle has won the assignment to manage HSBC Panama’s 300,000-sf portfolio in Central America. The firm had an inside track on winning the three-year contract, as it already manages HSBC Holdings plc’s 2.9-million-sf US portfolio.

London-based HSBC Holdings plc owns HSBC Bank USA, which has 410 branches in the state of New York. In addition to Florida, Pennsylvania and California, HSBC Bank also has 15 branches in Panama.

Jones Lang LaSalle VP for North Latin America George Amador says his company emerged as the top choice over three other competitors. “HSBC Panama ultimately selected Jones Lang LaSalle due to our extensive presence and depth of experience in Central America,” says Amador, who will oversee the HSBC assignment with SVP Ed Cannon.

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