Prudential Real Estate Investors Acquires Office Property in Chicago's East Loop

Prudential Real Estate Investors announced today the acquisition of 55 EastMonroe, a 49-story Class A office property in Chicago, on behalf ofinstitutional investors. GlenStar Properties, which has managed the propertysince 2005, will continue to serve as the property manager and leasing broker.Terms of the transaction were not disclosed. PREI, among the world's largestreal estate investment management and advisory businesses, is a business ofPrudential Financial, Inc. (NYSE: PRU).55 East Monroe is a LEED certified, 1.25 million square foot office propertyspanning a full city block in Chicago's East Loop. The recently renovatedproperty also has 70,000 square feet of retail, and a seven-level parkinggarage. It is located one-half block from Michigan Avenue, with views of LakeMichigan, Grant Park, Millenium Park and the city skyline, and is close toseveral transportation hubs and an abundance of walkable retail, hotel andresidential centers."The acquisition of 55 East Monroe, a well-located, high-quality officeproperty, reflects PREI's strategy to pursue existing urban office propertiesbelow replacement cost to capitalize on the expanding job market and deliverstrong and stable cash flows to our investors," said Kevin R. Smith, head ofAmericas for PREI. "We look forward to continuing our relationship withGlenStar to build on PREI's successful partnership network, and we areconfident that the community and tenants at 55 East Monroe will benefit fromour firms' combined investment, asset and property management experience."Prudential Real Estate Investors is the global real estate investment businessof Prudential Financial, Inc. (NYSE: PRU). Investing in real estate on behalfof institutional clients since 1970, PREI today has more than 650 employeeslocated in 19 cities around the world, and gross assets under management of$58.2 billion ($43.5 billion net) as of September 30, 2014. PREI offers to itsglobal client base a broad range of real estate investment vehicles across therisk-return spectrum and geographies, including core, core plus, value-add,opportunistic, debt, securities, and specialized investment strategies. Formore information, visit www.prei.com.Prudential Financial, Inc. (NYSE: PRU), a financial services leader with morethan $1 trillion of assets under management as of December 31, 2014, hasoperations in the United States, Asia, Europe, and Latin America. Prudential'sdiverse and talented employees are committed to helping individual andinstitutional customers grow and protect their wealth through a variety ofproducts and services, including life insurance, annuities, retirement-relatedservices, mutual funds and investment management. In the U.S., Prudential'siconic Rock symbol has stood for strength, stability, expertise and innovationfor more than a century. For more information, please visitwww.news.prudential.com.Contact:PrudentialJohn Chartier, 973-802-9829john.chartier@prudential.com