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News release

Phoenix

Jones Lang LaSalle Secures New 20-Year Lease for U.S. General Services Administration

FBI will fully occupy newly constructed Phoenix building beginning March 2012


PHOENIX, Oct. 14, 2010 — Jones Lang LaSalle, in conjunction with the U.S. General Services Administration (GSA), successfully negotiated a full-building lease agreement for the Federal Bureau of Investigation’s (FBI) Phoenix Regional Headquarters Office in the Deer Valley submarket of Phoenix, Arizona. The FBI will take occupancy of the newly constructed building, located at the Southeast corner of 7th Street and Deer Valley Road in March 2012. The 20-year lease totals 210,202 rentable square feet of space.  The building will be owned by Ryan Companies US, Inc.

Debbie Orkowski, GSA Leasing Contracting Officer, managed the procurement and awarded the lease. Jones Lang LaSalle professionals representing the government included Vice President Jessica Kokish, Senior Vice President Suzanne Drake, Managing Director Chris Roth and Vice President Dan Reidy.  “Utilizing all aspects of the firm’s expertise, we were able to guide the GSA through a comprehensive process that began with securing the land site and selecting a developer,” said Kokish.  “Given current capital markets conditions, we were determined to find a developer who could successfully construct a building for the FBI—one that will serve the agency for decades to come.”

GSA’s lease portfolio contains over 8,000 properties – approximately 184 million square feet according to information released publically – dispersed across the U.S.  Since 2005, Jones Lang LaSalle has assisted the GSA in the award of more than 750 leases and the firm is currently assisting on over 600 lease procurements for Federal civilian departments and agencies across the executive, legislative and judicial branches.

This news release is neither paid for nor sponsored, in whole or in part, by any element of the United States Government.

About The U.S. General Services Administration
GSA provides workplaces by constructing, managing, and preserving government buildings and by leasing and managing commercial real estate. GSA's acquisition solutions offer private sector professional services, equipment, supplies, telecommunications, and information technology to government organizations and the military.

About Jones Lang LaSalle

Jones Lang LaSalle’s Public Institutions practice is a premier provider of strategic real estate advisory and transaction services for local, state, national and international public institutions, covering the spectrum of the real estate cycle.  From strategy and project management, to transaction and execution, Jones Lang LaSalle helps ensure optimal and efficient utilization of real property assets. Bringing public sector organizations the insight and expertise to turn a real estate portfolio into a collection of working assets—working to meet the entity’s demands for space and working to support the entity’s overall mission. 

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management.

For further information, please visit our website, www.joneslanglasalle.com.