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JLL’s Baltimore Agency Leasing team to support nonprofit in its efforts to reposition underutilized space in South Baltimore
BALTIMORE, MD SEPTEMBER 26, 2017 – JLL today announces the appointment of its Agency Leasing team, Tony Gross and Peter Jackson, to the National Federation of the Blind (NFB) headquarters building at 200 East Wells Street in South Baltimore. The team will be responsible for leasing 100,000 square feet across the second floor of the four-story client fund-owned building.
"We're very motivated to begin leasing efforts at 200 East Wells Street," states Tony Gross, Senior Vice President, JLL. "The location of the building is in an incredibly hip and vibrant neighborhood with easy access to Interstate 95 and points south within the city. In addition, there is ample weekday parking available for tenants and rents are 20 to 30 percent less than what they might find at comparable properties. We anticipate a very expeditious leasing engagement once we find the right user."
In recent years, the second floor has been unoccupied due to shifting workplace needs for the organization. JLL's Agency Leasing team helped uncover the opportunity this empty space provided to maximize the organization's real estate investment.
"The space on the second floor of our building had ceased to be a vital part of the programs we operate to serve the blind of the United States. Using this space to generate revenue for our educational services to blind children and adults is an exciting development," said Mark Riccobono, President, National Federation of the Blind. "We're excited about our new partnership with Tony and the rest of the JLL team that will help maximize our real estate investment and further our mission of transforming the dreams of the individuals we serve."
For more information about JLL Baltimore, visit http://www.jll.com/baltimore/en-us.
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
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