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News release

WASHINGTON, D.C.

GSA Signs 61,902 SF Succeeding 10-Year Lease in Washington Region


WASHINGTON, Sept. 18, 2013 – Jones Lang LaSalle (JLL) announced today that it represented the U.S. General Services Administration (GSA) in the award of a 61,902-square-foot succeeding lease for the Department of Health and Human Services, Food and Drug Administration. The 10-year lease is for office space at 11919 Rockville Pike in Rockville, MD.

GSA’s acquisition team was led by Jim Phelan and Rich Miller.  Jones Lang LaSalle professionals representing the government included Whitney Aaronson, Rob Carey and Joe Judge.  David Alperstein of FD Stonewater represented the building ownership.

11919 Rockville Pike is part of Montrose Metro I & II, an 182,503-square-foot Class A office complex.  Located directly on Rockville Pike, Montgomery County' s major north/south commercial and retail corridor, the property is within walking distance of the White Flint Metrorail station, with Red Line service to suburban Maryland and downtown Washington, DC. In addition, its proximity to the newly constructed Montrose Parkway provides express access to I-270.

According to its website, GSA’s leased portfolio contains more than 8,100 separate properties – totalling approximately 192 million rentable square feet–dispersed across the United States.  Since 2005, Jones Lang LaSalle has assisted the GSA in more than 1,278 leases.  Nationwide, the firm is currently assisting on more than 267 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 approximately 9,200 assets, maintains an inventory of approximately 370 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 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.