Skip Ribbon Commands
Skip to main content

News release

WASHINGTON, DC

JLL Negotiates Headquarters relocation for FiscalNote at 1201 Pennsylvania Ave, NW; Incentive Package With Mayor’s Office to Keep HQ in D.C.

Long term partnership between two companies results in successful HQ relocation


WASHINGTON, DC, June 22, 2017- JLL announced today its successful completion of a lease at 1201 Pennsylvania Ave., NW, for the rapidly-growing government relationship management software provider analytics platform FiscalNote. They will occupy an entire floor in the building, totalling 38,000 square feet. They are relocating from One Thomas Circle where they have occupied 22,000 square feet since February 2016.

"With success in recent rounds of funding and client building, we decided it was time to find a more permanent home in the D.C. area and create a space that reflects our unique mission," said Tim Hwang, CEO and co-founder, FiscalNote. "Because of our long standing partnership with JLL, the team understood our company and developed a strategy to align our real estate goals with our corporate vision, enabling us to focus on our business' growth. By minimizing our near term real estate liabilities with several short term office leases, we were then well positioned to make a long term commitment to our new headquarters at 1201 Penn. JLL also assisted in the facilitating of financial incentives from the Mayor's office to stay in D.C. in exchange for providing a direct educational service to D.C. residents."

FiscalNote began their search for a more permanent location in the summer of 2016. Having considered moving to Northern Virginia and a possible expansion of their New York office, the ability for flexibility and potential for multiple expansion rights at 1201 Pennsylvania made for a unique opportunity as FiscalNote continues to grow. In a short amount of time, they have outgrown two locations in D.C. and will be almost doubling their current space with this new headquarters.

The D.C. Mayor's Office has awarded a grant to FiscalNote of more than $750,000 as an incentive to stay within the District in exchange for helping residents improve their technical skillsets through internships, training opportunities and apprenticeship programs. This will help current residents achieve greater technological literacy and make them more marketable as job candidates.

"I have had the pleasure of working with the FiscalNote team from their earliest days in D.C., watching their real estate and business needs evolve and taking part in finding solutions for them supporting the planning and implementation of their corporate strategy," said Bobby Blair, Senior Vice President, JLL. "It's exciting to be working side by side with such a successful and visionary company and we look forward to the future of our partnership."

Bobby Blair and Andy O'Brien of JLL represented FiscalNote.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.