State of Tennessee to Drive $50 Million Cost Savings and Service Improvements in Five Years

State of Tennessee to Drive $50 Million Cost Savings and Service Improvements
                                in Five Years

State's innovative approach to achieve greater efficiencies through 10.5
million-square-foot real estate portfolio

PR Newswire

NASHVILLE, Tenn., May 29, 2013

NASHVILLE, Tenn., May 29, 2013 /PRNewswire/ -- Governments around the nation,
like corporations, are challenged to do more with less. One innovative state,
Tennessee, is seeking to achieve greater efficiencies across 10.5 million
square feet of its real estate portfolio. To drive the most advanced
assessment and implementation of portfolio strategy of any state known to
date, Tennessee selected commercial real estate leader Jones Lang LaSalle to
provide comprehensive facility management services for its state-owned and
leased office facilities throughout Tennessee. This facilities management
partnership is expected to save the State an estimated $50 million over the
next five years.

"In our ongoing efforts to enhance Tennessee's government, we are implementing
new strategies that allow the State to reduce costs and improve the work
environment for our employees," said Steve Cates, Department of General
Services Commissioner, State of Tennessee. "Real estate represents a
significant opportunity to improve efficiency, enhance performance and save
taxpayer dollars."

The State's objectives in outsourcing facility management services are to:

  oReduce operating costs
  oImprove the quality and timeliness of services
  oImplement "best in class" real estate practices
  oProvide continuous innovation and leadership
  oProvide scalable and flexible energy and sustainability solutions for
    state buildings

Jones Lang LaSalle was hired in 2012 to assist in the implementation of
Commissioner Cates' vision to reduce the state's real estate portfolio by more
than one million square feet. Jones Lang LaSalle completed an in-depth
facility assessment of 33 state buildings, covering 4.6 million square feet. A
master occupancy plan also was completed, which contained recommendations for
more efficient use and operation of state real estate. The plan identified
under- and over-utilized properties and included recommendations to optimize
the short- and long-term capital asset program.

The State launched Transforming Tennessee for Tomorrow (T3) – to move
approximately 14,000 employees from expensive or outdated office space into
more efficient and improved buildings. This program has resulted in updated
office space, increasing employee productivity by significantly improving the
work environment.

"The State of Tennessee is truly innovative in its approach to managing real
estate," said Herman Bulls, Chairman of Public Institutions, Jones Lang
LaSalle. "It is setting the bar for all state governments looking for
opportunities to improve employee work environments while displaying fiscal
responsibility toward the state's owned and leased real estate assets."

Jones Lang LaSalle Public Sector Real Estate Practice

Jones Lang LaSalle's public sector real estate practice is a premier provider
of strategic real estate advisory and transaction services for local, state,
national and international public institutions, covering the spectrum of the
real estate cycle. From strategy and project management, to transaction and
execution, Jones Lang LaSalle brings public sector entities the perspective
and expertise to turn a real estate portfolio into a collection of working
assets that meet operational and occupancy requirements while generating
revenues and reducing costs.

For more information on how Jones Lang LaSalle supports government goals,
visit: http://bit.ly/YCbb1M

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE: JLL) is a professional services and investment
management firm offering specialized real estate services to clients seeking
increased value by owning, occupying and investing in real estate. With annual
revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more
than 1,000 locations worldwide. On behalf of its clients, the firm provides
management and real estate outsourcing services to a property portfolio of 2.6
billion square feet and completed $63 billion in sales, acquisitions and
finance transactions in 2012. Its investment management business, LaSalle
Investment Management, has $47.7 billion of real estate assets under
management. For further information, visit www.jll.com.

SOURCE Jones Lang LaSalle

Website: http://www.joneslanglasalle.com
Contact: Joanne Bestall, +1 312 228 2344, Joanne.bestall@am.jll.com, or Mittie
Rooney, +1 301 602 8709, mrooney@axcomgroup.com