» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 107 | Monday, June 03, 2013

Private Firm to Benefit From State Leases

AP

Print | Front Page | Email this story | Comments ()

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.

___

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 0 42 3,065
BUILDING PERMITS 0 384 28,610
BANKRUPTCIES 80 208 11,515
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 0 253 17,437
MARRIAGE LICENSES 0 43 3,607

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.