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News release

ARLINGTON, VA

Jones Lang LaSalle Supports U.S. General Services Administration with Northern Virginia Lease

GSA renews/expands lease at Pomponio Plaza East in Rosslyn, VA


Arlington, VA, Feb. 14, 2011 — Jones Lang LaSalle today announced its Public Institutions experts assisted the U.S. General Services Administration (GSA) in successfully negotiating a lease expansion in the Rosslyn submarket of Northern Virginia.  The 243,000-square-foot 10-year lease expands the government’s occupancy in the Pomponio Plaza East building, located in at 1800 North Kent Street in Arlington, Virginia. 

The building is owned by The Wade Company, LLC.  The GSA’s space acquisition team was led by Mark Stadsklev, Lease Contracting Officer, and Gary Arabak, Lease Contract Specialist.  Jones Lang LaSalle professionals representing the government included Jae Lee and Matt Witlin.  David Alperstein of FD Partners represented The Wade Company.

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 950 leases.  Nationwide, the firm is currently assisting on more than 575 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 Administration
The 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 9,600 assets, maintains an inventory of more than 362 million square feet of workspace for 1.1 million federal employees, and preserves more than 480 historic properties.  For additional information, please visit GSA’s website:  www.gsa.gov
 
About Jones Lang LaSalle
Jones Lang LaSalle’s Public Institutions 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 helps ensure optimal and efficient utilization of real property assets. Bringing public sector organizations the insight and expertise to turn a real estate portfolio into a collection of working assets—working to meet the entity’s demands for space and working to support the entity’s overall mission. 

About Jones Lang LaSalle
Jones 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 750 locations worldwide, including 180 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 $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.