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News release

WASHINGTON, D.C.

The Advisory Board Company Retains JLL and NBBJ to Assess Potential Headquarters Relocation

The Advisory Board Company Considering All Real Estate Options


WASHINGTON, June 30, 2014 –JLL announced today that The Advisory Board Company (NASDAQ: ABCO) has retained Greg Lubar and Trip Howell from JLL and Suzanne Carlson, Scott Wyatt and Kelly Griffin of the architecture firm NBBJ to conduct an evaluation of The Advisory Board Company’s real estate requirements and to identify options for a potential DC office relocation. Paul Collins from Cassidy Turley is also a consultant on the project.

“It has been clear to us over the years that our work space has a huge impact on recruiting and retention of our talented staff and that it is a powerful way of communicating our brand externally,” said Robert Musslewhite, Chairman and CEO of The Advisory Board Company.  “Certainly our space is among our most important investments in our future – creating the right space inspires our employees to provide even greater value to our hospital, health system, and university members, and it is a visible and tangible way to attract top talent and extend our culture.  Through our collaboration with JLL and NBBJ, we look forward to creating the right environment for the next phase of our company’s growth and impact.”

The leases at The Advisory Board Company’s current DC offices, comprised of approximately 300,000 square feet at 2445 M Street, NW and 1227 25th Street, NW, expire between 2017 and 2019.
“The Advisory Board Company is prudent to be in the market now, well ahead of its current lease expiration, considering all possible options including its current location, build to suits and existing properties,” said JLL International Director Greg Lubar.

JLL will work with The Advisory Board Company to identify the preferred locations and NBBJ will immediately commence strategic space evaluation and analyses to determine the requirements and optimal design of the new space.

“The rapid evolution of digital technology and the introduction of Millenials into the labor force are changing where and how work happens,” said NBBJ Principal Suzanne Carlson. “We will work with The Advisory Board Company to identify a corporate space that embraces these new realities, embodies its unique cultural identity and gives employees a place of purpose, pleasure and productivity.”

About The Advisory Board Company
The Advisory Board Company is a global technology, research, and consulting firm partnering with 200,000 leaders in 4,500 organizations across health care and higher education. Through its innovative membership model, the firm collaborates with executives and their teams to elevate performance and solve their most pressing challenges.  The Company provides strategic guidance, actionable insights, cloud-based software solutions, and comprehensive implementation and management services.  For more information about The Advisory Board Company, visit http://www.advisory.com.

About JLL
JLL (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 fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. For further information, visit www.jll.com.

About NBBJ
NBBJ is an award-winning global design and architecture firm helping clients capitalize on the relationship between people and the design of physical space to enhance happiness, wellness and performance. In 2014, Fast Company named NBBJ one of the world’s most innovative architects and Wired called it the architecture firm of choice for the world’s top tech companies. Its clients include Amazon, the Bill & Melinda Gates Foundation, Boeing, GlaxoSmithKline, Google, Massachusetts General Hospital, New York University, Samsung, Stanford University, Tencent and the University of Cambridge. NBBJ employs 750 professionals across its network of offices in North America, Europe and Asia. For further information, visit www.nbbj.com or @NBBJDesign on Twitter.