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News release

WASHINGTON, D.C.

Jones Lang LaSalle Supports General Services Administration with 254,000 SF Headquarters Lease Renewal in Washington, DC


WASHINGTON, D.C., Jan. 6, 2012 – Jones Lang LaSalle professionals have assisted the U.S. General Services Administration (GSA) in the award of a new headquarters lease in Washington, D.C for the U.S. Small Business Association.  The 10-year GSA lease is for 254,267 square feet of space in the Washington Office Center located at 409 3rd Street SW.  This new lease will replace GSA’s existing lease at this location, and will bring the building to 99.7 percent occupancy.

GSA’s acquisition team was led by Tawanda Beverly and Arisha Griffith.  Jones Lang LaSalle professionals representing the government included Jae Lee, Bill Craig and Rob Carey.  Greg Redding and Brendan Owen represented the landlord, Vornado/Charles E. Smith.

According to its website, GSA’s leased portfolio contains more than 7,100 separate properties – totaling approximately 191 million square feet – dispersed across the United States.  Since 2005, Jones Lang LaSalle has assisted GSA in the award of more than 1,100 leases.  Nationwide, the firm is currently assisting on more than 450 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 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.