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News release

CHICAGO, IL

Jones Lang LaSalle Supports U.S. General Services Administration with 20-Year Suburban Chicago Lease

GSA signs new lease for Military Entrance Processing Station at President’s Plaza II


CHICAGO, June 6, 2011 — Jones Lang LaSalle’s public sector real estate experts have assisted the U.S. General Services Administration (GSA) in the award of a new lease in the O’Hare submarket of Chicago.  The 20-year, 31,906-square-foot, GSA lease will house the U.S. Military Entrance Processing Command (USMEPCOM). The U.S. Military Entrance Processing Command has the unique and challenging mission of determining the physical, mental and moral qualifications of every new member of the armed services. USMEPCOM will move from its current location in Des Plaines, Illinois on or about May 2012 and will begin processing military recruits in its new location at that time. 
The new lease is located at President’s Plaza II at 8700 W. Bryn Mawr Ave. in Chicago.

The building is owned by PR II Presidents Plaza JV, LLC.  Christine Becker led the GSA’s space acquisition team.  Jones Lang LaSalle professionals representing the government included Peter Sellis, Hugh Murphy and Ken Bodel.  Jones Lang LaSalle provided real estate brokerage services to the GSA under the National Broker Contract. GlenStar Properties represented ownership.

“President’s Plaza offered the GSA a stellar location near public transportation, major highways, O’Hare Airport, and convenient ingress and egress to move large groups of people, all of which will be a significant benefit for processing military recruits,” said Sellis. 

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 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 9,624 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 Practice
Jones 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 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 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.joneslanglasalle.com.