CEB Plans New Headquarters To Accommodate Continued Growth And Expanding Global Presence

   CEB Plans New Headquarters To Accommodate Continued Growth And Expanding
                               Global Presence

Company to Occupy Rosslyn, VA-based CEB Tower in JBG's Central Place in 2018

PR Newswire

ARLINGTON, Va., July 21, 2014

ARLINGTON, Va., July 21, 2014 /PRNewswire/ -- CEB (NYSE: CEB) today announced
that it has signed an Agreement to lease approximately 350,000 square feet of
space in The JBG Companies' new Central Place development in Rosslyn, VA. CEB
will be the marquee tenant in the building to be named "CEB Tower." The
property will support the company's next-generation workplace plans and
accommodate its growing global requirements. CEB plans to move to its new
global headquarters in 2018.

CEB Logo

"Today's announcement reflects confidence in CEB's strategy and continued
financial success made possible by the strength of our business model, the
passion of our staff and our impact on our members' businesses," said Tom
Monahan, CEB Chairman and CEO. "It also reflects our commitment both to
capturing economic leverage from our continued growth and to equipping our
current and future employees with the workspace and tools they need to thrive.
Our new headquarters will reinforce the strength and reach of our brand and
our focus on Virginia and the National Capital Region as a home for, and
source of, world-class talent."

Virginia Governor Terry McAuliffe said, "Virginia has proudly served as home
to CEB since its move from the District in 2008. A new global headquarters and
investment of this magnitude are tremendous testaments to the confidence the
company has in Arlington County and the Commonwealth as it grows its presence
internationally, and creates the workspace and technology for jobs of the
21^st century. As the marquee tenant of CEB Tower, the company will gain
further brand prominence and be associated with a state-of-the-art property
near our nation's capital. We celebrate this impressive global headquarters
operation and 800 new jobs, and look forward to CEB's continued success in
Virginia for years to come."

"As we engaged in multi-year financial, workforce and real estate planning, it
became clear that this move represented a rare opportunity to secure
state-of-the-art space for our growing employee population while realizing
attractive economic leverage. Beyond pure economics, employee engagement and
productivity were key considerations in our CEB Tower decision," Monahan
added. "We wanted to ensure that our team would have access to all the tools
they needed to do their jobs and to collaborate effectively with their
colleagues across our 50+ offices on six continents."

CEB Tower will associate the CEB brand with the landmark Central Place, a
trophy, mixed-use complex being developed by The JBG Companies, in one of the
most dynamic commercial areas in the world. The state-of-the-art facility will
offer the technology and physical footprint for optimal knowledge-work
collaboration and employee productivity. The space design will capitalize on
emerging workplace strategies surfaced through CEB's own management insights
and leveraging the same guidance the company provides its members. Employee
feedback will be a critical component of the build and will inform the
creation of communal space, global connectivity needs and flexible seating
arrangements.

CEB will initially occupy 15 floors within CEB Tower, located at 1201 Wilson
Boulevard, including office space and conference space to facilitate the
hundreds of executive leadership events the company hosts annually. The
location offers excellent proximity to international travel hubs, supporting
CEB's increasingly global presence, and is steps from local public
transportation. The facility will also include ample bike and car parking for
commuters. CEB Tower will also include a panoramic observation deck for
visitors to the Washington, DC region.

"This Agreement would not have been possible without the exceptional
partnership of the Commonwealth and Arlington County," Monahan continued. "The
Governor's office and our local government representatives clearly
demonstrated why Virginia is a great state for business. Under their
leadership, we are confident in Arlington's future as a business hub and
thrilled to be a landmark business in—and significant economic contributor
to—the Rosslyn community. While it's too early to size precisely the economic
impact for 2018 and beyond, their partnership and leadership notably support
our strategy for continued growth and margin expansion."

The Virginia Economic Development Partnership worked with Arlington Economic
Development to secure the project for Virginia. Governor McAuliffe approved a
$4.5 million grant from the Governor's Opportunity Fund to assist Arlington
County with the project. The Governor also approved $5 million in funds from
the Virginia Economic Development Incentive Grant (VEDIG). VEDIG was
established as a self-funded program of performance-based incentives that the
Commonwealth awards to exceptional economic development projects with large
numbers of employees and very high wages relative to average wages for that
particular area. Through its Virginia Jobs Investment Program, the Virginia
Department of Business Assistance will provide funding and services to support
the company's recruitment, training and retraining activities.

"Today's announcement exemplifies exactly how Arlington is diligently working
with our businesses to provide them with an ideal environment in which to
expand and succeed in today's marketplace," said Arlington County Manager
Barbara Donnellan. "Arlington is embracing the innovations needed to ensure
our economic competitiveness today and into the future."

"We are very excited to have CEB sign on for the new CEB Tower," said Andy
VanHorn, a JBG Principal. "We've landed a world-class tenant that will help us
realize the complete vision for Central Place as a thriving mixed-use
development that creates a new sense of community in Rosslyn. It's a win not
only for JBG and CEB, but also for Arlington and all of Virginia."

About CEB

CEB, the leading member-based advisory company, equips more than 10,000
organizations around the globe with insights, tools,and actionable solutions
to transform enterprise performance. By combining advanced research and
analytics with best practices from member companies, CEB helps leaders realize
outsized returns by more effectively managing talent, information,
customers,and risk. Member companies include nearly 90% of the Fortune 500,
more than 75% of the Dow Jones Asian Titans, and 85% of the FTSE 100. More
atcebglobal.com.

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SOURCE CEB

Website: http://www.cebglobal.com
Contact: Leslie Tullio, 571.303.5689, ltullio@executiveboard.com
 
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