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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 This material may not be published, broadcast, rewritten or redistributed.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 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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