Private Firm to Benefit From State Leases


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 ( 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,

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