Brookwood Group

August 21, 2015 / Los Angeles

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The Board of Directors of Brookwood Group, Inc. is pleased to announce the promotion of Michael J. Gion to Executive Vice President.

Since 2010, Mike has led Brookwood’s activities throughout Southern California and the Southwestern United States from the firm's Los Angeles regional office.

Mike serves on Brookwood’s Executive Committee together with Shepherd Heery, Brookwood’s Chairman/CEO, and Alan Katz, Brookwood’s President, both of whom are based in San Francisco, and also with Linda Simon, Senior Vice President, who is based in the firm’s Atlanta office.

Mike has a consistent track record of client service for large organizations in the strategic management and operation of the workplace. He is a proven leader with depth of experience in creative and effective utilization of real estate to enhance clients’ profitability and adaptability to changing market and cultural conditions. He has served a wide range of corporate and institutional clients including: Google, Sun Microsystems, Computer Associates, SAIC, MedImpact, Chart House Enterprises, GTE Mobilnet, Chase Manhattan Mortgage, Waterhouse Securities, Ameriquest Mortgage, and Union Bank of California.

Prior to joining Brookwood Group, Mike held senior positions with Intuit, Sun Microsystems and CalFed Bank.

March 9, 2015 / West Palm Beach

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Brookwood Group has opened a Palm Beach office under the direction of Senior Vice President, Mark L. Troen.

Mr. Troen, a senior principal of the firm, has broad responsibilities throughout Brookwood’s organization and its various divisions including: project development activities of Brookwood Equities; strategic real estate services for private investors, corporate entities and the public sector with Brookwood Advisors; and project management activities of Brookwood Project Services.

With 30 years of real estate experience, Mr. Troen has managed more than $10 Billion in transactions, achieving excellent returns on high-risk, turnaround and problem assets including mixed-use, retail, office, industrial, and residential projects nationwide and internationally, ranging in size from $5 Million to $1 Billion and up to 1,000,000 square feet and 3,000 acres.

“Having been associated with Brookwood Group since the early 1990s, I am very excited to be leading operations for Brookwood in South Florida” said Mark Troen.

Previously, Mr. Troen was Managing Partner and Principal of The Winnmark Group, a strategic real estate services and development firm; co-founder of Racebrook Capital Advisors where he specialized in the acquisition of opportunistic real estate assets, non-performing/sub-performing loans, and distressed properties; and Chief Operating Officer of Sheldon Good & Company, one of the most recognized and respected names in real estate auctions in the United States, achieving nearly $400 Million in closed real estate sales during his tenure.

“Opening an office in South Florida under the direction of Mark Troen is a strategic and significant step for our firm,” according to Brookwood’s Chairman and Chief Executive Officer, S. Shepherd Heery. “With impressive growth in the Southeast and with Florida now the 3rd most populous state in the nation, Brookwood is fortunate to have Mark leading our business in the region, especially given his experience in all aspects of real estate investment and development.”

July 1, 2014 / Atlanta

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Liza G. Gray has returned from New York to Brookwood Group’s Atlanta office and she has accepted an appointment as Vice President of the firm. Now serving as a Brookwood principal, and corporate officer, Liza has a strong track record that includes more than 15 years in managing project development and construction activities.

Liza’s extensive experience at Brookwood includes her work: as a project manager for the restoration and conversion of the historic Atlanta Biltmore Hotel; as a manager for the design phase of the Fine Arts Center at Albany State University; and as assistant project manager for the construction program management of Georgia State University’s Student Recreation Center in downtown Atlanta. She was also involved in the administration and management of design and construction activities for The Wakefield, a luxury cooperative apartment building in the Buckhead area of Atlanta. Liza was a key member of Brookwood’s team that served College Partners Inc. (Morehouse College, Spelman College, and Morehouse School of Medicine) in a complex land swap with the Atlanta Housing Authority. The initial 120-acre land acquisition process coordinated by Brookwood included managing the negotiations, title work, closings, demolition, legal agreements, property management and insurance procurement. Thirty-four parcels owned by separate families or entities were acquired for the three colleges.

During a recent leave of absence from Brookwood Group, Liza was based in New York where she served as the Capital Project Manager for Harlem RBI, a youth development non-profit organization. She managed the design and construction of a $90 million mixed-use project consisting of a K-8 charter school, a non-profit office space, 89 units of affordable housing and the renovation of a public park. The project was a public-private partnership between the NYC Housing Authority, NYC School Construction Authority, the NYC Department of Parks and Recreation, Jonathan Rose Companies and Civic Builders. She coordinated with a New Market Tax Credit consultant to close $26 million in New Market Tax Credits for the school.

Liza holds a Masters of Business Administration from Georgia Institute of Technology College of Management and a Bachelor of Arts in Communication from Georgia State University.

June 17, 2014 / New York

Mark L. Troen, Managing Partner and Principal of The Winnmark Group, a long-time affiliate of Brookwood Group, has been appointed Brookwood Senior Vice President. With the merger of The Winnmark Group’s strategic real estate services and development activities, Mark now serves on Brookwood’s Operations Committee and he has broad responsibilities throughout Brookwood’s organization including the identification of development opportunities for Brookwood Equities and strategic real estate services for private investors, corporate entities and the public sector with Brookwood Advisors.

Mark is focused on activities in both the Palm Beach and New York offices, while supporting Brookwood nationally. In connection with this merger, he has become a shareholder of Brookwood Group, Inc.

Mark has experience in all aspects of real estate investment, development and management, including: acquisitions and dispositions; financings and re-financings; asset repositioning, workouts and restructurings; management, leasing, marketing and sales; and construction, redevelopment and new development. He has a multi-disciplinary educational and professional background, with an MBA from the Wharton School and a Master of Architecture degree from the University of Pennsylvania. He graduated from Harvard College, AB cum laude, while majoring in economics.

March 12, 2014 / San Francisco

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Brookwood Advisors has been formed as the strategic management consulting division of Brookwood Group, Inc. This team of highly experienced executives can provide conceptual and early stage advice to senior managers of corporations and institutions that are contemplating new capital investments in real estate, facilities and campus expansions. Within Brookwood Advisors, extraordinarily creative visioning and conceptual skills coexist with intense commitments to clear project definition, risk mitigation strategies, effective organizational governance and investment returns. Early engagement of Brookwood Advisors can result in the most valuable contributions to project planning and execution. For more information about Brookwood Advisors, please contact Shepherd Heery at (415) 402-0801 or at sheery@brookwoodgroup.com.

January 28, 2014 / Akron

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We are extremely pleased to announce that Lawrence R. Kelley has agreed to become a Brookwood Group shareholder and employee. Larry will join Alan Katz, Jim Mueller, Doug Bulleit and Shepherd Heery as a member of Brookwood’s Board of Directors. As a new Principal of Brookwood Group, Larry will lead the firm’s Higher Education practice. This will include strategic advisory services for colleges and universities, collaborative property development activities, and program management services.

As Brookwood’s Managing Principal, Higher Education, Larry will work with every member of our firm, especially including Mark Zuffo who, like Larry, has many years of career experience as an employee of a university. These extraordinarily valuable experiences enable both Larry and Mark, as leaders within Brookwood Group, to help us all more fully understand and effectively serve the needs of our clients and development partners.

For the past decade, Larry has been Brookwood’s client at Cal Poly and Georgia State University. Upon his recent retirement from Cal Poly, Larry and his wife, Diane, relocated from San Luis Obispo to their home state of Ohio. They are based in Akron, which now becomes a new service delivery location for Brookwood Group.

As a former university senior executive officer, Larry has a passion for higher education and, specifically, for discovering and implementing new, better and more cost effective ways to help university leaders deliver services and facilities that ultimately benefit students.

The focus of Larry’s career has been in financial and administrative leadership in both private business and not-for-profit environments. At Cal Poly, Larry was an executive officer in support of the University’s President. During Larry’s nearly twelve years at Cal Poly, twenty major capital projects were completed with a combined cost of $750 million. The projects included new student housing, housing for faculty and staff, a major stadium renovation, new academic and administrative buildings, a recreation center, and a technology park, among others.

At Georgia State University in Atlanta (from 1996 to 2002), Larry was involved in the development of a new recreation center, a second campus outside of Atlanta, acquisition, demolition and construction of a new academic building and an innovative public/private partnership for student housing.

Previously, Larry also served in senior leadership roles at the University of Maine, Kent State, Miami University and the University of Akron where he began his career in higher education as Budget Director.

Larry has been active in the National Association of College and University Business Officers (NACUBO), the Society for College and University Planning.

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January 14, 2014 / Atlanta

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Douglas A. Bulleit is among the new shareholders of Brookwood Group and he will serve on the firm's Board of Directors.

Other new shareholders include Linda & Bill Manry (of Monte Sereno, California), Junwei Zhou (of San Jose and Shanghai), Will Semmes (of Berkeley, California), Claudia Fitch (of San Francisco) and Thomas Farrow (of London).

Doug is semi-retired and remains active in various communications, search and social networking projects particularly as they relate to healthcare consumerism.

From 2006-2012, Doug served as Managing Partner of DCS Health, an Atlanta-based company that he founded. DCS Health was comprised of leading network executives and developed Consumer Driven Health Plan (CDHP) portals and search technologies using proprietary Health over Internet Protocols (HoIP). In 2012, DCS Health Technologies merged with Research Triangle-based Family Heath Network.

Until BellSouth was acquired by AT&T in late 2006, Doug served as BellSouth's Chief Strategist where he focused primarily on core business growth initiatives. In particular, his work resulted in a material expansion of BellSouth's convergent digital networking, broadband/IP, electronic commerce and Managed Services positions. Prior to his corporate-level post at BellSouth, Doug spent six years developing an assortment of enhanced network services during his tenure as President of BellSouth's Advanced Networks Group. Doug also maintained a key position in the fashioning and management of BellSouth’s strategic alliances such as those with CommerceNet, Integrated Communication Systems (ICS), and others.

Before joining BellSouth, Doug founded ICS TranstexT, and before that, he served as Heery International's Vice President of Planning & Corporate Development. Doug was a key executive at Heery International and served in a number of leadership roles at Heery from 1971-1983.

Subsequent to undergraduate studies at Purdue and Georgia Tech, in electrical engineering and information systems respectively, Doug became a registered Professional Engineer in ten states. He also completed the Executive Program at the Stanford Graduate School of Business, Singularity University at NASA Ames and the Management of Technology Program at MIT's Sloane Business School.

In addition to Doug’s new role with Brookwood Group, he has also served on the Boards of Atlanta's Resource Opportunity Center, the Atlanta Metro Group, Point B Communications, Inc. and Atrica Networks, Inc. Board of Advisors as well as the University of Georgia's College of Arts and Sciences Board of Visitors.

Doug lives in the midtown area of Atlanta and on Lake Burton near Clayton, Georgia.

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March 1, 2013 / Seattle

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Senior principals of San Francisco based Brookwood Group, Inc. and Seattle based JC Mueller LLC have announced the recent formation of Brookwood Equities LLC, a national real estate development and investment firm with offices in Atlanta, Los Angeles, San Francisco and Seattle.

As a wholly owned subsidiary of Brookwood Group, Inc., Brookwood Equities LLC and its capital partners focus on high density urban and transit-oriented properties in technology-intensive markets. Asset classes include multi-family residential, office and mixed-used projects. The firm also specializes in collaborative public private development partnerships with colleges, universities, municipalities and other public or quasi-public agencies.

Today’s announcement was made by Brookwood’s Chief Executive Officer, S. Shepherd Heery, Brookwood’s President, Alan M. Katz, and Brookwood’s Executive Vice President & Pacific Northwest Region Manager, James C. Mueller. Mr. Mueller became a Brookwood principal in 2012. He also has continuing responsibilities with JC Mueller LLC.

Brookwood also recently announced the promotions of Kenneth R. Klebanoff to Senior Vice President and Mark C. Zuffo as Vice President.

Mr. Klebanoff is based in Atlanta and is the lead executive for activities of Brookwood Equities in the Southeast. He is an experienced developer and architect with significant project experience including high-rise multi-family housing, office/warehouse developments and high-rise office buildings across the United States.

Mr. Zuffo is based in San Francisco. He leads the firms collaborative efforts with colleges and universities throughout North America. Mr. Zuffo recently served as President of the Association of University Real Estate Officers (AUREO). Prior to joining Brookwood in 2011, Mr. Zuffo was the Director of Real Estate Services - Leasing and Property Management for the University of California, San Francisco.

Brookwood Group is an international real estate development, investment, planning, design and management consulting firm that was founded in 1989 by siblings Shepherd and Laura Heery, together with their father, George T. Heery. George Heery serves as Chairman of the Board of Directors The firm is owned by 20 of its principal executives and 8 private investors who are based in the states of Washington, Montana, California, Georgia, Florida, Alabama, New York and Connecticut.

Brookwood has long been regarded as a innovative industry leader, and has a highly collaborative approach, guided by an intense commitment to advancing and protecting the interests of its clients and capital partners. Since 1989, Brookwood Group has completed projects in North America, Europe, Asia and South America with aggregate valuations that exceed US$8 Billion.

JC Mueller LLC was founded in Seattle by James C. Mueller in 2005. Mr. Mueller was formerly the Senior Director of Development with Vulcan, Inc., a Seattle based Paul Allen Company. Previously, Mr. Mueller was an executive with Koll Development. Mr. Mueller serves as Brookwood's partner in Seattle and as one of the firm’s Directors. He leads Brookwood’s activities in the Pacific Northwest.

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June 11, 2012 / San Francisco

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Brookwood's CEO, Shepherd Heery, announced the decision by the Board of Directors to name Alan Katz as President of the company. In making the announcement, Shep commented that: “Alan has demonstrated tremendous leadership and skill since joining Brookwood in 2009. He also has pioneered the principles and concepts of Collaborative Public Private Partnerships (CP3s). Alan also now serves as a member of Brookwood's Board of Directors.”

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March 1, 2012 / San Francisco

Since May of 2010, Brookwood has provided a broad range of strategic advisory services to Salesforce including site selection, due diligence, acquisition and development planning for its proposed two million square foot campus in the Mission Bay district of San Francisco.

From July 2011 through February 2012, the team of K|D|A Brookwood provided management services in support of Salesforce for the design and entitlement phases of its proposed Mission Bay campus. The team has included the following firms under sub-contract to Brookwood:

• KASA Partners LLC
• Daniel Management Services LLC
• Owen Adams Consulting and
• Antaeus Properties

Design Architect, Legorreta + Legorreta of Mexico City, has worked with the San Francisco office of Flad Architects. Hathaway Dinwiddie Construction Company has provided pre-construction services.

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March 16, 2011 / San Luis Obispo

The Plaza at Poly Canyon Village provides residents with services, retail and franchise restaurants.

Carried out by the Bridging project delivery method, Cal Poly’s new Poly Canyon Village at San Luis Obispo is completed, furnished and occupied. In keeping with the school colors of green and gold, the Project was recently awarded a LEED Gold Certification by the U.S. Green Building Council.

As seen from the air, it’s clear to see why Poly Canyon Village is regarded as the largest student housing complex undertaken by an American university to date in a single construction program.

Located in San Luis Obispo on the Central Coast of California between Los Angeles and San Francisco, the project sits at the base of picturesque Poly Canyon. This project is believed to include the largest student housing complex undertaken by an American university to date in a single construction project.

Much more than student housing, the project consists of four and five story apartment buildings comprising 2,676 beds for students in a variety of suite and apartment plans.

The village center has food vendors and retail shops and provides students outdoor recreation areas including a swimming pool as well as study rooms, a knowledge center, and a Post Office. On opposite sides of the village are two 950-car parking decks.

As the largest LEED™ certified project in the California University System, Poly Canyon Village is redefining what can be achieved by a university when employing full Program Management services from pre-design through construction.

The $299 million campus expansion construction program also includes extensive roadway and utilities installations as well as new facilities for the College of Agriculture, built on another site several miles away, replacing those facilities that were previously located on the Poly Canyon Village site.

Brookwood provided full Program Management services for the project from the pre-design planning phase through construction. By employing the Bridging project delivery method the project experienced very cost effective original construction bids within the original budget. The project has had only 5 contractor initiated Change Orders, totaling less than 0.002% of the construction contract price.

Design began in August 2004 with McLarand Vasquez Emsiek & Partners, Inc., Architects as the Owner’s Design Consultant (“Bridging Architect”). The Bridging type design-build construction contract was awarded to Clark Design/Build of California as a result of competitive proposals. Niles Bolton Associates served as the Contractor’s Architect and Engineers.

Poly Canyon Village is LEED Gold. This certification provides independent, third-party verification that a building project meets high green building and performance measures. Some of the specific items for which Poly Canyon Village will earn certification points include a new storm water system and a 30% water use reduction. The facilities have operable windows and natural ventilation and will recycle 75% of its construction waste. 10% of the total value of the materials in the project will be recycled with 20% of the materials having been manufactured regionally. The structures will use low emitting sealants, paint, carpet and composite wood products. 90% of the regularly occupied spaces will provide daylight and most of the 3,500 windows in the project will have views of the surrounding area. Care was taken in the project’s planning to reduce the number of buildings in the project as well as their footprints, while at the same time retaining the initial requirements of the program.

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August 18, 2009 / Atlanta

The curved window "columns" at the ends of the building are common study areas located at the end of the hall on every floor.

“The Suites” is Spelman College’s newest facility. At the opening ceremonies, Spelman College’s president, Dr. Beverly Tatum, stressed the importance of colleges and universities designing and building “green” facilities. She made sure that Spelman was leading the way in this respect, building the first LEED Silver certified facility on a Historically Black College or University campus. 

This high quality and handsome new facility has 300 beds, mostly in single occupancy rooms within suites, a dining hall with a seating capacity of 175, several guest apartments for visiting faculty and trustees, and a structured underground parking garage which accommodates 100 vehicles.

Brookwood served as Spelman’s Program Manager for the project from pre-design planning through construction and furnishing. Under Brookwood’s guidance, the project has been designed for LEED Silver certification with Brookwood adding this requirement for the Design Architect for this Bridging method project as well as in the Bridging Contract Documents for the Design-Build Contractor and its Architectural/Engineering subcontractor. It will be the first LEED certified building on the campus as well as the first LEED certified building on a Historically Black College or University campus.

The Owner’s Design Consultant was Sizemore Group of Atlanta. The Bridging Design-Build Contractor was New South Construction Company of Atlanta. The Contractor’s AE was the architectural and engineering division of The Facility Group of Cobb County, Georgia.

While COO of Facility Design Group, Inc., Ennis Parker served as Principal in Charge for the architectural and engineering design of Spelman College's new student residential building

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July 17, 2009 / Atlanta

A major part of Brookwood’s professional practice includes serving education clients in both the public and private sectors, providing construction program management (“program management”), design consulting and planning services. Atlanta Public Schools ("APS") is one of the “K-12” systems for which Brookwood is currently providing services.

The present construction program of the Atlanta Public Schools (a separate governmental body from the City of Atlanta) includes the remodeling, expansion and “greening” of existing schools, as well as the construction of new schools, along with services related to some school closings as the system continues to respond to changing neighborhood needs.

Brookwood project managers, Danny Gutlay and Al Scenna are two members of the Brookwood professional staff who are assigned full time to the Atlanta Public Schools; usually working from the system’s new headquarters in downtown Atlanta. Brookwood is in a joint venture with the firm A. L. Johnson & Associates, project managers, costing consultants and construction schedulers on this program.

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May 3, 2009 / Morgantown

Brookwood has provided a series of full program management and advisory services to the Monongalia County Board of Education at Morgantown, West Virginia, since early 2005.

The six-project school building program included three new schools, Skyview Elementary, Mylan Park Elementary, and Mason Dixon Elementary, and three school expansion projects. Morgantown Senior High received additions including a media center, a distance learning lab, a new lobby and administration offices. Brookwood also provided program management services for the new 217,330 square foot University High School complex. Renovations and additions to Clay-Battelle Middle/High School rounded out the program for the Monongalia County Board of Education.

Monongalia County Board of Education Superintendent, Frank Devono, had this to say about Brookwood: “Brookwood’s attention to detail in the management of the pre-design, design, construction, and closeout phases of all six of the Monongalia County School facilities has been exemplary. The Board, administration, school principals, students, and the community have all been extremely pleased with the results.”

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April 5, 2008 / Atlanta

Completion of Phase One of the Peachtree Boulevard transformation, carried out as result of the efforts of the Buckhead Community Improvement District, was celebrated in October 2008 with a ribbon cutting by Mayor Shirley Franklin and other community officials. The Peachtree Road transformation is the major enhancement of a section of Peachtree Road in Buckhead into a more livable, walkable, bikeable and drivable avenue.

The new Peachtree “Boulevard” and some of the recent and in-progress new high rise office, retail, hotel and condo projects.

One of Brookwood’s original design studies along the new “boulevard” in the vicinity of Lenox Square.

In the past twenty years the population of the Atlanta metropolitan area has doubled and the resultant increase in vehicular traffic has created problem spots around the city, on roadways that were never intended or designed to accomodate this increase in volume. As the traffic around the city grew, so too grew the market for high-end, high rise, in-town, multi-family residences, especially along the Buckhead corridor of Peachtree Road. While the increased population density in Buckhead reduced traffic elsewhere, it meant a more constant flow of traffic along Peachtree during the day, and at peak hours the volume became overwhelming.

The idea of developing the street into a destination, not just a thoroughfare, was originally envisioned by Sam Friedman, Chairman of the Buckhead Coalition. The Buckhead Coalition is a group formed by former Mayor Sam Massell and is made up of property owners and others interested in improving the urban development of Buckhead and the well-being of the area.

As a member of the Buckhead Coalition, architect George Heery, Brookwood’s Chairman, contributed preliminary ideas in the form of a study and design concepts for transforming the Peachtree Road corridor into a handsome and more convenient boulevard. This conceptual design, which was based on Sam Friedman’s vision, covered the entire length of Peachtree within the greater Buckhead area, from the Peachtree Street overpass at I-85 at Brookwood Station running northward through the old original Buckhead area to the City Limits on the north.

Later a number of property owners who were associated with the Buckhead Coalition formed the Buckhead Community Improvement District with David Allman of Regent Partners as Chairman of the Board of BCID and with Scotty Green as BCID’s Executive Director.

Brookwood was subsequently retained by the Buckhead Community Improvement District to develop more details of a design for a portion of the Peachtree corridor from just south of the Peachtree-Piedmont intersection to a point north of Phipps Plaza.

Architect Laura Heery, then a member of the Brookwood management team, with her father, George and other members of the Brookwood firm, developed the original concept for the new Peachtree Boulevard. In the development of the concept Laura Heery and the Brookwood team worked closely with David Allman and Scotty Green, both of whom continue to provide guidance and leadership to the BCID and other developments of the Buckhead area.

In the mid 1990s, Brookwood, as both designer and development manager (with George and Shepherd Heery as development principals), broke ground on the highest quality high-rise multi-family project built to date in Atlanta, The Wakefield. The Wakefield is a luxury cooperative located on the Northwest corner of Peachtree Road and West Wesley Road, NW. The building permit for The Wakefield was the first private sector high rise building permit issued within the City of Atlanta in over two years at the time it was issued and the building was sold out shortly after its completion.

It is evident today to those in the real estate development field that The Wakefield set in motion the raising of design and construction quality standards of mid to high rise multi-family housing projects. The Wakefield also sparked the acceptance in the Atlanta market of the idea that very high quality homes could be located in high rise structures with settings that allowed easier access to work, shopping, places of worship and community activities.

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January 5, 1998 / Chicago

LaSalle Partners Incorporated (NYSE: LAP) today announced it has acquired two business segments of Satulah Group, a leading national project and facility management service provider with operations across the United States. LaSalle acquired Satulah Project Management operations and the project and facility management software known as SWIMware. Not included in the transaction is the Brookwood Design Group, an Atlanta-based architectural design business formerly under the Satulah banner that now will operate as an independent entity. Terms of the transactions were not disclosed.

"Adding Satulah Group business to LaSalle Partners is a strong enhancement to our existing project management service," said Stuart L. Scott, Chairman and Chief Executive Officer of LaSalle Partners. "This transaction also supports LaSalle's long-term growth strategy of expanding our capabilities through a series of domestic and international real estate service firm acquisitions."

With the addition of Satulah, LaSalle Partners Project Management is one of the largest providers of project management services in the country. According to M.G. Rose, President of the Tenant Representation Division of LaSalle Partners Corporate & Financial Services, Inc., LaSalle Partners Project Management now has a strengthened ability to meet client needs in nearly every major city in the United States with offices in New York, Atlanta, Columbus (Ohio), Chicago, Dallas, San Francisco, Los Angeles and seven other regional locations.

"In addition to this extensive market reach, Satulah Group offers vast experience in managing design and construction projects, especially for clients in the financial services and banking industry," added Mr. Rose.

According to Tod D. Lickerman, President of LaSalle Partners Project Management, "This depth of expertise, coupled with Satulah's effective SWIMware tools and systems, offers significant advantages to clients seeking broad, integrated capabilities for geographically diverse portfolios."

The Satulah Group was founded in 1989 by George T. Heery and his two oldest children, Laura M. Heery and S. Shepherd Heery. Formerly the Chairman and Chief Executive Officer of Satulah, Shepherd Heery now will serve in a business development capacity for LaSalle Partners in San Francisco.

"We are very pleased to combine our project management resources with LaSalle Partners," said Shepherd Heery. "This is a move that makes sense based on our shared common operating principles, expanded opportunities with Fortune 500 strategic alliance clients, and the long-term career opportunities available to our management and employees."

With over 130 professionals, LaSalle Partners and Satulah together provide a range of interior project management and facilities conversion and consolidation services to clients such as AON, Bank of America, California Federal, Ernst & Young LLP, First National Bank, Pacific Gas & Electric Company, Platinum Technology, Sanwa Bank, Sun Microsystems, Inc., Turner Broadcasting, Wachovia Bank and Wells Fargo Bank, among others. In particular, LaSalle Partners will draw upon Satulah's experience in managing banking industry facilities integration projects such as First Interstate Bank with Wells Fargo Bank, as well as Home Savings with Coast Federal Savings, to serve and develop new client relationships in the financial services industry.

LaSalle Partners Project Management, an operating unit of LaSalle Partners Corporate & Financial Services, Inc., now is one of the nation's foremost providers of integrated occupancy solutions, project management and relocation management for national and international clients. LaSalle Partners Incorporated, founded in 1968, is a leading, vertically-integrated global real estate services firm providing management services, corporate and financial services, and investment management services for public and private corporations and other real estate owners and investors worldwide.

Statements in this press release regarding, among other things, future financial results and performance, achievements, plans and objectives may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, achievements, plans and objectives of the Company to be materially different from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include those discussed under "Risk Factors" and elsewhere in the Company's prospectus filed as part of its registration statement (333-25741) with the Securities and Exchange Commission on July 17, 1997, as well as in periodic reports filed with the Commission. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in Company expectations or results, or any change in events.

SOURCE LaSalle Partners Incorporated

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