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WASHINGTON, Aug. 19, 2013 — Columbia Property Trust, one of the nation’s largest real estate investment trusts specializing in office properties, has selected Jones Lang LaSalle as the exclusive leasing agent for Market Square. The 680,000-square-foot trophy office property is located at 701 and 801 Pennsylvania Avenue in downtown Washington, DC, between the U.S. Capitol and the White House.
Developed in 1990, Market Square, with graceful twin buildings curving inwards to encircle the U.S. Navy Memorial, is considered by many to be one of the premier office complexes in the world. At nine grand stories high, the buildings offer panoramic views of the U.S. Capitol, National Archives, National Mall, U.S. Navy Memorial, Old Post Office Building and many other national monuments. “Market Square is one of the most iconic office buildings in Washington, D.C., offering tenants an ideal combination of enduring architectural design and prominence, location, efficiency in work space, and incomparable Washington views,” said Jerry Banks, Vice President, Columbia Property Trust.
Located within the East End submarket and connected to the vibrant 7th Street retail and entertainment corridor, Market Square is home to leading global law firms, FORTUNE 500 companies and prominent trade associations and nonprofits.
“Columbia Property Trust and JLL look forward to continuing to provide our existing valued tenants with the best-in-class office environment for which the building is celebrated,” Banks continued, “while also familiarizing other prominent companies with the building’s exceptional leasing opportunities, including Market Square’s attractive blend of efficient floor plates and appealing amenities.”
Doug Mueller, Evan Behr and Mike Ellis of Jones Lang LaSalle will oversee the leasing of the property.
“JLL is honored to work with Columbia Property Trust to showcase the outstanding availabilities at this trophy property,” said Doug Mueller, Senior Vice President, Jones Lang LaSalle.
Market Square has received LEED® Silver certification from the U.S. Green Building Council® rating program for Existing Buildings: Operations & Maintenance (EBOM) and is ENERGY STAR® certified.
For more news, videos and research resources, please visit and bookmark Jones Lang LaSalle’s U.S. Media Center web page. About Columbia Property TrustOne of the nation's largest office real estate investment trusts, Columbia Property Trust focuses on investing in and managing high-quality commercial office properties in primary markets nationwide and is one of the only nontraded REITs to have achieved an "investment grade" rating from both Moody's and Standard & Poor's rating services. Currently, the REIT’s $5+ billion portfolio consists of 82 operational buildings in 20 states (including Washington, D.C.), collectively covering approximately 21 million square feet. Columbia Property Trust (f/k/a Wells Real Estate Investment Trust II, Inc.) closed to new investments on June 30, 2010. For information about Columbia Property Trust, visit www.ColumbiaPropertyTrust.com.
About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management. For further information, visit www.jll.com.
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