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News release

WASHINGTON, DC

Optimity Advisors Renews Lease, Expands at 1600 K St., NW

JLL Represents Operational Consultancy Firm in Downtown Washington Lease


WASHINGTON, SEPTEMBER 2, 2014 - JLL announced today that Optimity Advisors LLC, an operational consultancy for Healthcare, Media & Entertainment, Insurance and Financial Services companies, has renewed and expanded its lease at 1600 K St. in Washington’s central business district.  The firm will occupy more than 9,000 square feet on the second floor.

Creighton J. Armstrong, Managing Director, and Kevin Brant, Vice President, in the Washington, D.C. office of JLL, represented the tenant in this transaction. The building is owned by JBG Companies and was represented by Carroll Cavanagh, Vice President, JLL.
“As a high growth company, flexibility was critical,” Rick McNabb, CEO Optimity Advisors LLC. “JLL’s negotiations allowed us to remain in our ideal location while securely accommodating future growth, and all at an attractive cost structure. In this space we can further build the Optimity brand for years to come.”

Located at one of the most prominent intersections in Washington DC, 1600 K St. is just two blocks from the White House and one block from the Farragut North Metro station. The 84,146-square-foot building was developed in 1956 and underwent a substantial capital improvements program in 2012.

"Optimity Advisors consults in many high growth industries, such as healthcare and media," said Armstrong. "As a result of the growth of its client base, Optimity has experienced a dynamic shift in its business and needed more space for expansion. We are proud to have helped support their growth strategies."

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 $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​