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Non-profit news organization extends their lease at 2025 M Street in the Central Business District
WASHINGTON, Sept. 25, 2012 – Jones Lang LaSalle (NYSE:JLL) announced that it represented Radio Free Asia, a nonprofit news organization, in a 10-year, 68,927-square-foot lease renewal at 2025 M Street, NW. Radio Free Asia broadcasts in nine languages to listeners throughout Asia who do not have access to full and free news media.
Managing Director Chris Bynum and Vice President John Lugar of Jones Lang LaSalle completed the transaction on behalf of Radio Free Asia. Clark Enterprises, Inc. and Carr Properties own 2025 M Street.
“With the market’s current low levels of tenant demand and abundance of available space, Radio Free Asia chose the perfect time to renew,” Bynum said. “Not only did they renew at a better rate and receive a favorable construction allowance, but the landlord agreed to make space infrastructure modifications to better accommodate the organization.”
The eight-story, 194,624-square-foot office building is located in Washington’s Central Business District. The property is surrounded by restaurants, retail shops and hotels, and is an easy walk to Georgetown, the West End and the Dupont Circle Metro station on the Red Line.
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About Radio Free AsiaRadio Free Asia is a private, nonprofit corporation created by Congress in 1994 that broadcasts and publishes online news, information, and commentary in nine East Asian languages to listeners who do not have access to full and free news media. RFA’s broadcasts seek to promote the rights of freedom of opinion and expression, including the freedom to “seek, receive, and impart information and ideas.” For more information, please visit Radio Free Asia’s website at http://www.rfa.org.About Jones Lang LaSalleJones 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 2011 global revenue of $3.6 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 2.1 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 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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