Over 8k students will benefit from PGCPS Phase II bundled school delivery initiative used to design, build, finance and maintain the eight new schools
JLL announced today that Prince George’s County Public Schools (PGCPS) has achieved financial close with Progressive Education Partners for the $800 million Blueprint Schools Phase II Project. JLL is the lead consultant and financial advisor for this innovative public-private partnership (P3).
Progressive Education Partners consists of Equity Members, Plenary Americas US Holdings Inc. and Ellis Don Capital Inc.; MBE Equity Member, Phoenix Infrastructure Group Investments LLC; Lead Contractor, MCN Build Inc.; and Lead Service Providers, US Facilities Inc., Ellis Don Facilities Services and RSC Electrical & Mechanical.
“With the success of Phase I delivering six schools in under three years, we are incredibly excited to help bring forward the next eight schools in Phase II,” said Lindsay Stowell, Executive Vice President, Government and Education, JLL. “Our work with Prince George’s County Public Schools is unique because it fast-tracks all the benefits public schools bring to communities.”
The PGCPS Blueprint Schools Phase II project utilizes a collaborative P3 to deliver eight new schools, totalling 1.03 million square feet of space, to meet the needs of their more than 131,000 students and 22,000 employees. The schools selected for Phase II are:
- Margaret Brent Elementary School
- Hyattsville Elementary School
- James Duckworth Regional School
- Springhill Lake Elementary School
- Brandywine K-8 School
- Robert Frost K-8 School
- Templeton Elementary School
- Fairwood Elementary School
“These schools have been identified because of their current condition and will replace 14 existing schools to better serve the surrounding community,” said Prince George’s County Public Schools Superintendent Millard House II. “The community equity investment program that will be implemented is yet another way individuals and small businesses can participate in and benefit from this project.”
JLL is the premier provider of strategic real estate advisory and facilities services for education institutions as well as local, state, national and federal governments. Its national team covers the entire real estate lifecycle from strategy, public-private partnerships, facilities management and sustainability services to transaction and project management. JLL brings both the experience and expertise to convert real estate portfolios into working assets that meet operational and occupancy requirements while generating revenues and reducing costs. Visit us.jll.com/education.
About Prince George’s County Public Schools
Prince George’s County Public Schools (PGCPS), one of the nation’s 20th largest school districts, has 200 schools and centers, more than 133,000 students and nearly 20,000 employees. The school system serves a diverse student population from urban, suburban and rural communities located in the Washington, DC suburbs. PGCPS is nationally recognized for college and career-readiness programs that provide students with unique learning opportunities, including dual enrollment and language immersion.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
