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BIRMINGHAM, AL, July 26, 2011 — Jones Lang LaSalle has assisted the U.S. General Services Administration (GSA) in the award of a new lease in Birmingham, AL for the U.S. Treasury Department. The 15-year lease is for a 83,775 square foot build-to-suit building in downtown Birmingham.The building will be built and owned by CR Investments, LLC. Jones Lang LaSalle professionals representing GSA included Tracy Bibbens and Barbara Jeanneret. Michael Hughes and Barbara Bushnell of Corporate Realty Associates represented the owners.
According to their website, GSA’s leased portfolio contains more than 7,100 separate properties – totaling approximately 189 million square feet – dispersed across the United States. Since 2005, Jones Lang LaSalle has assisted GSA in the award of more than 1,000 leases. Nationwide, the firm is currently assisting on more than 525 lease procurements for Federal civilian departments and agencies across the executive, legislative and judicial branches.
This news release is neither paid for nor sponsored, in whole or in part, by any element of the United States Government.
About The U.S. General Services AdministrationThe U.S. General Services Administration (GSA) oversees the business of the U.S. federal government. GSA’s acquisition solutions supply federal purchasers with cost-effective, high-quality products and services from commercial vendors. GSA also provides workplaces for federal employees, and oversees the preservation of historic federal properties. As the landlord for the civilian federal government, GSA’s Public Buildings Service (PBS) acquires space on behalf of the federal government through new construction and leasing, and acts as a caretaker for federal properties across the country. PBS owns or leases 9,624 assets, maintains an inventory of more than 370.2 million square feet of workspace for 1.1 million federal employees, and preserves more than 481 historic properties. For additional information, please visit GSA’s website: www.gsa.gov.
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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