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Global alternative asset manager to consolidate DC Metro offices and increase footprint to 200,000 square feet at current headquarters
Washington D.C., June 14, 2018 JLL announces today the consolidation of The Carlyle Group's DC-metro offices at its current headquarters at 1001 Pennsylvania Avenue, NW. The global alternative asset manager will increase its 130,000 square feet footprint in downtown Washington, DC to 200,000 square feet, uniting the DC and Rosslyn-based offices. The 11-year lease expansion will allow 650 Carlyle professionals to work collaboratively across four floors of the building.
The Carlyle Group will expand its current occupancy on the second and third floors of 1001 Pennsylvania Avenue, NW by 70,000 square feet across the fourth and fifth floors. The building ownership, TH Real Estate, has committed to extensive building renovations to include a new lobby and fitness center.
"JLL has a longstanding history with The Carlyle Group, representing its facilities across the globe," shares Gregory Lubar, International Director, JLL. "We knew that by expanding at 1001 Pennsylvania, they will most certainly benefit from not only its premiere location in the District, but also the commitment and investment of the building ownership."
JLL's Lubar and Steve Spartin represented The Carlyle Group in its DC headquarters transaction providing real estate advisory services and lease negotiations. Cushman & Wakefield's Bobby Schwartz, James Collins, Richard Tonner and Phil Dickinson represented TH Real Estate, in the transaction. JLL's Project and Development Services team, led by Pete Lambis, will manage extensive internal renovations for The Carlyle Group.
For more information about JLL's Tenant Representation and Project and Development Services, visit http://www.jll.com/dc.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com
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