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Jul 19, 2013 SHARE
Jones Lang LaSalle is selected by Industrial Income Trust to manage the 230,000-square-foot warehouse and distribution facility located in Clifton, NJ.
> Read More...Jul 17, 2013 SHARE
The State of Tenessee selects
Jones Lang LaSalle to provide Real Estate and Facilities Management services to state-owned buildings. Under the new 5-year agreement, JLL will provide broad FM services totaling $300 million in pass-through expenses in exchange for an estimated $38 million management fee with 50% at risk. Real Estate services will be priced at cost with a 4% mark-up. It is understood that 126 state employees are impacted. Savings from relocating employees in state offices to leased facilities across Tennessee is projected to save $100 million over 10 years. In addition, JLL hopes to realize $94 million savings over the 5-year term of the Facilities Management contract.
> Read More...Jul 09, 2013 SHARE
Citigroup is selling 92 banking branches in California in a leaseback agreement with
Jones Lang LaSalle in order to "capitalize on the high demand for well-situated rental properties".
> Read More...