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News release

SAN ANTONIO, TX

General Services Administration Signs Lease for 10 Years in Laredo

United States Attorneys’ Office takes 28,756 square feet of office space in Texas


SAN ANTONIO, TEXAS, March 29, 2012 – Jones Lang LaSalle professionals have assisted the U.S. General Services Administration (GSA) in the award of a 10-year lease for 28,756 square feet at 11204 McPherson Road in Laredo, TX.  The new space will accommodate additional staff responding to the Southwest Border Initiative.

Jones Lang LaSalle professionals representing the government included Ben Crawford and Amy Aldridge.  Carlo Molano of Best/White LLC Commercial Real Estate represented the building owner, Flex Space Group LTD.

This industrial flex space office is in the Milo Industrial Park at 11204 McPherson Road.  It is conveniently located north of the Bob Bullock Loop.

According to its 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’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 $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.