BETHESDA, MD -- CoStar announced it has completed a three year deal with Jones Lang LaSalle. Although the world's largest real estate services firm has used a variety of CoStar products in different offices, this is the first time offices across the Jones Lang LaSalle network will have access to CoStar's comprehensive resources.
"CoStar has been a leader in setting standards for commercial real estate data, including accuracy, timeliness and depth," said Jacques Gordon, International Director of Research at Jones Lang LaSalle. "This standardization is critical to helping our professionals make the best decisions possible based on comprehensive and comparable information in all our markets."
Jones Lang LaSalle intends to leverage the CoStar family of products, including CoStar Property™ and CoStar Tenant™, as a backbone for research for tenant representation, property representation and asset management.
"We are honored that Jones Lang LaSalle has chosen CoStar as their national resource for information in the commercial real estate market," said Andrew Florance, CoStar Group CEO. "They understand that we have built our business on relationships with commercial real estate professionals -- the depth of knowledge we provide our customers is only as good as the information they share with us on their transactions. I believe Jones Lang LaSalle will certainly benefit from and, at the same time, contribute substantially to CoStar's unsurpassed real estate information, knowledge platform."
Headquartered in Bethesda, MD, CoStar Group, Inc. (Nasdaq: CSGP), is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access via the Internet to the most comprehensive, verified database of commercial real estate information in over 50 U.S. markets. The company has more than 1,000 employees nationally, including over 700 highly trained commercial real estate research professionals in 23 offices. For more information, please visit http://www.costargroup.com.
Jones Lang LaSalle (NYSE: JLL) is the world's leading real estate services and investment firm, operating across 96 key markets in 34 countries on five continents. The company provides comprehensive, integrated expertise on a local, regional and global level to owners, occupiers and investors through three core business areas: Financial and Corporate Services, Investment Management, and Leasing and Management Services.