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1200 K Street, NW, Washington, DC
Client: Pension Benefit Guaranty CorporationServices: Tenant Representation
Jones Lang LaSalle devised a long-term real estate strategy for the Pension Benefit Guaranty Corporation (PBGC) headquarters facility totaling 450,000 s.f. We facilitated two long-term lease extensions and expansions, through which PBGC was able to secure below-market rates in a growing and expanding section of downtown Washington, DC. The 30% savings to market rental rates allowed PBCG to control occupancy rates in a rising market.
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