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Jones Lang LaSalle wins high-profile, five-year contract with NASA to support the organization’s real estate needs and business improvement efforts relating to property infrastructure
WASHINGTON, D.C., July 25, 2011 – Jones Lang LaSalle has won a five-year contract with the National Aeronautics and Space Administration (NASA) to perform services and develop real estate strategies for the organization on a global basis.
The contract, signed with the Technical Capabilities & Real Property Management (TC&RPM) Division of NASA, is valued at up to $10 million. NASA currently controls more than 100,000 acres of real property and approximately 3,000 buildings and 3,000 other structures totaling over 44 million square feet. NASA selected Jones Lang LaSalle for the firm’s broad service platform, professionalism, past performance and the strength of its team.
NASA is seeking assistance in finding creative alternatives to meet its ever-changing real property asset requirements and will work with Jones Lang LaSalle to identify innovative new methods of doing business. Specifically, Jones Lang LaSalle will assist NASA by providing technical assistance to the TC&RPM Division and the NASA Centers in the matters relating to NASA’s real property portfolio and business improvement efforts for real property infrastructure.
Jones Lang LaSalle will provide a wide array of technical, business and analytical services to NASA Headquarters for NASA real property actions and initiatives in all aspects of real property actions including sale, trade, transfer, outgranting (out-leasing) and ingranting (in-leasing) of NASA’s real property assets.
Jones Lang LaSalle will also provide technical assistance to NASA in the use of authorities regarding enhanced use leasing, public-private partnerships and other innovative real property management practices.
Jones Lang LaSalle Public Sector Real Estate PracticeJones Lang LaSalle’s public sector real estate practice is a premier provider of strategic real estate advisory and transaction services for local, state, national and international public institutions, covering the spectrum of the real estate cycle. From strategy and project management, to transaction and execution, Jones Lang LaSalle brings public sector entities the perspective and expertise to turn a real estate portfolio into a collection of working assets that meet operational and occupancy requirements while generating revenues and reducing costs.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $43 billion of assets under management. For further information, please visit our website, www.us.joneslanglasalle.com.
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