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VOL. 128 | NO. 107 | Monday, June 03, 2013

Private Firm to Benefit From State Leases

AP

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NASHVILLE, Tenn. (AP) — A real estate services firm that recommended Tennessee unload some state office buildings stands to benefit from helping the state lease space in the private market.

The Chattanooga Times Free Press (http://bit.ly/15j23kH) reported that state documents show the Chigago firm Jones Lang LaSalle will take 4 percent off the top on the deals. The office space will be leased in Chattanooga, Nashville and Memphis.

The Chicago firm was hired as a consultant to review and assess 33 state-owned buildings and recommended closing several that it called "old and obsolete."

Last month, the General Services Department quietly inked a five-year contract with Jones Lang LaSalle to manage and maintain all state property overseen by the department, as well as leasing.

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Information from: Chattanooga Times Free Press, http://www.timesfreepress.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 0 24 2,668
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 60 120 10,012
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 0 31 3,198

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