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Case Study

Facing limited office availability and tight time frames, JLL uses creative solutions to secure client space

Services provided: Tenant Representation
Client: Local HQ of a global oil company, Pittsburgh area

A global oil company required a quick move from its current regional headquarters. However, the company faced seemingly insurmountable challenges, including:

  • A need for new office space where none existed in the desired market.
  • Requirement to relocate existing tenants once a potentially suitable location was identified.
  • Intense landlord negotiations, requiring CRE and capital market education, and convincing to construct a new building.
  • Fast-moving approvals to avoid bidding wars that could strike down the deal in the end.

With Jones Lang LaSalle, the company was able to find and secure the much-needed space within six months, following creative and complicated negotiations. JLL was able to save the client more than $1.1 million in negotiated savings.

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.

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