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CHICAGO-Equity Office Properties Trust did not have to look too far to find its new COO, a post that had been vacant for nearly a year following Richard D. Kincaid’s elevation to president and CEO. Peyton Owen Jr., most recently chief operating officer for Jones Lang LaSalle’s Americas region, takes over as EVP and COO Oct. 20.

Owen is a 19-year veteran of Jones Lang LaSalle, where he oversaw leasing and management of a 200-million-sf portfolio before becoming chief operating officer.

“His real estate experience and corporate management skills will complement our existing in-house expertise,” Kincaid says. “He is a seasoned office industry professional who has a track record of empowering his teams to achieve strong performance.”

Kincaid served as EOP’s chief operating officer for little more than a year, succeeding Michael Steele in October 2001. In that post, Kincaid was instrumental in launching the largest US office REIT’s EOPLus, a consolidation of property management offices and functions resulting in significant cost savings.

Likewise, Owen oversaw improvements to Jones Lang LaSalle processes and technology.

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