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News release

Washington, DC

JLL Retail team to bolster office leasing efforts at Market Square

On heels of successful office leasing initiatives, Columbia Property Trust hires JLL to handle 43,321-square-foot retail assignment


WASHINGTON, DC, March 29, 2018 – JLL announces today the recent retail assignment at 701 & 801 Pennsylvania Avenue, NW in Washington, DC, familiarly known as Market Square. Andy Corno and Thomas Jackman will lead the retail leasing efforts for JLL at both trophy assets.

The new retail strategy comes in the middle of office repositioning and significant lease-up momentum, led by JLL's Evan Behr and Doug Mueller. "Market Square is an icon in the District," states Evan Behr, Managing Director, JLL. "Columbia Property Trust repositioned the office portions of the complex over the last several years with a completely renovated main lobby, best-in-class fitness center, and a best-in-market business conference facility and rooftop terrace slated to deliver in 2019. We continue to see significant interest for the limited space still available on the office side and know the JLL retail team will curate and target the right mix for the ground level availability."

"Thus far, the partnership with JLL's Agency Leasing team has been a success as we've seen significant traction in our office leasing progress," remarked Mark Witschorik, Vice President, Eastern Region, Columbia Property Trust. "It made sense for us to partner with JLL's Retail team on this portion of the project as well and we look forward to the same success in the ground floor space, bringing in exciting amenities for our tenants and neighborhood and we feel confident the JLL Retail team can deliver."

"Market Square is situated at one of Washington, DC's most prominent locations, along historic Pennsylvania Avenue between the White House and the U.S. Capitol Building," notes Andy Corno, Vice President, JLL. "We look forward to creating the right mix of retail for the storied asset, to supplement the likes of 701 Restaurant, Paul and more."

For more information about Market Square, visit www.marketsquare-dc.com.

 

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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 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.