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News release

WASHINGTON, D.C.

CNA Pre-leases 3001-3003 Washington Boulevard

Jones Lang LaSalle facilitates 175,000-square-foot transaction


WASHINGTON, D.C., Jan. 31, 2012 – Jones Lang LaSalle facilitated a pre-lease transaction between Penzance and CNA for 175,000 square feet at 3001-3003 Washington Boulevard in Arlington, Virginia. CNA, a not-for-profit research and analysis organization, will relocate its headquarters to Clarendon from its current location at 4825 Mark Center Drive in Alexandria, VA upon completion of the development in early 2014.

Jones Lang LaSalle’s Northern Virginia Agency Leasing team represented Penzance, the developer in the transaction. CNA was represented by Jones Lang LaSalle and UGL Equis.
“This relocation will have a positive impact on the Clarendon region with more than 600 CNA employees moving to the new location,” said Bob VeShancey, Managing Director, Jones Lang LaSalle. “With groundbreaking scheduled for the spring of 2012, this is an important transaction, marking one of the first office buildings to conform to the Arlington County Clarendon Sector Plan.”

Developed by Penzance, 3001-3003 Washington Boulevard is a new, 280,000-square-foot mixed-use project located one block from the Clarendon Metro Station. The location functions as two separate buildings, consisting of a 10-story, 200,000-square-foot office building attached to an 8-story, 80,000-square-foot office building.

The development will feature a public plaza and expansive sidewalk areas to accommodate café tables and outdoor seating for retail tenants. In addition, 3001-3003 Washington Boulevard is designed to achieve LEED Silver standards.

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 70 countries from more than 1,000 locations worldwide, including 200 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 $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.