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News release

Washington, DC

Investment Company Institute renews on 73,219 square feet at CityCenter located at 1401 H Street, N.W. in Washington, DC


Washington, DC March 19, 2009 – Jones Lang LaSalle renewed The Investment Company Institute at 1401 H Street, a 351,000 SF trophy office building located in the sought after East End submarket in Washington, DC on behalf of owner TIAA-CREF. 
 
Evidencing its long term commitment to 1401 H, The Investment Company Institute, a national association which represents mutual funds, closed-end funds, exchange-traded funds, and unit investment trusts, renewed its headquarters location lease for an additional 15year term.
 
Jones Lang LaSalle represented TIAA-CREF, the building owner, and Summit Commercial Real Estate represented ICI.
 
“We are pleased that 1401 H Street continues to provide value for high-quality tenants such as ICI”, said Joseph Flanagan, Director, Real Estate Asset Management, TIAA-CREF Global Real Estate.  “We look forward to continuing to work with Jones Lang LaSalle to utilize our collective skills and experience in property management to create value for our tenants and clients.”
 
With close proximity to metro, the White House, the Treasury Department and easy access to Capitol Hill 1401 H Street is very attractive to law firms, associations, and government affairs groups.
 
1401 H Street offers four levels of underground parking, a first floor outdoor terrace, on site fitness center with attendants, locker and showers, and a tenant only conference center.  There is a gourmet delicatessen in the building and a wide range of restaurants and shopping nearby. The building recently earned the Energy Star label for excellence and efficiencies in energy performance.
 
About TIAA-CREF Global Real Estate
 
TIAA-CREF is one of the largest institutional real estate investors in the United States, with an approximately $63 billion global portfolio of direct and indirect investments (12/31/08). TIAA-CREF originated its first commercial mortgage in 1934 and began direct investment in commercial real estate in 1947. Today, on behalf of individuals, public and private institutions in the U.S. and abroad, TIAA-CREF Global Real Estate directly owns over $19 billion (12/31/08) of primarily high-quality properties in the office, retail, industrial and multifamily sectors across the U.S., Canada and Western Europe.
 
FOR INFORMATION REGARDING 1401 H STREET PLEASE CONTACT HOLLY DAVIS AT JONES LANG LASALLE AT 202 719 5000.
 
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
 
©2009 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017
 
About Jones Lang LaSalle
 
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 2008 global revenue of $2.7 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 1.3 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 more than $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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