JLL is the financial advisor for the project that is delivering 6 new schools to meet the urgent need of the community
JLL announced today that Prince George’s County Public Schools (PGCPS) has named the three shortlisted proposers who will be moving forward in the procurement process for the PGCPS Blueprint Schools Phase II project, of which JLL is the lead consultant and financial advisor.
PGCPS selected JLL and SXM Strategies in early 2022 as the lead consultant and financial advisor for this second public-private partnership (P3) design-build-finance-maintain agreement that will accelerate the delivery of urgently needed schools in Prince George’s County, Maryland. The P3 for the PGCPS Blueprint Schools Phase II includes design, construction, financing and maintenance of four elementary and two K-8 schools totaling approximately 860,000 square feet. In 2021, PGCPS became the first K-12 school system in the United States to utilize a P3 to transform its school system and build schools its community deserves.
“The selection of the three finalist development teams demonstrates Prince George’s County Public Schools’ commitment to implementing the Blueprint Schools Phase II Program in a timely manner,” said Dr. Monica Goldson, PGCPS Chief Executive Officer. “Our communities and most importantly, our children, cannot wait any longer for dynamic and transformational learning environments. We are extremely thankful to our state and county partners for their support in ensuring that Phase II becomes a reality.”
The three shortlisted proposers are Aspire Education Partners, Prince George’s County Education & Community Partners and Prince George’s County Education Collective, comprised of Equity Members, Minority Business Enterprise (MBE) Equity Members, lead contractors and lead service providers.
- Aspire Education Partners comprises Equity Members, Balfour Beatty Equity Developments, Inc. and John Laing Limited; MBE Equity Members, Mayson-Dixon Properties & Development, LLC and U Street Parking, Inc.; Lead Contractor, Balfour Beatty Construction, LLC; and Lead Service Provider, Johnson Controls Inc.
- Prince George’s County Education & Community Partners comprises Equity Members, Fengate Capital Management and Gilbane Development Company; MBE Equity Member, Hayat Brown; Lead Contractor, Gilbane Building Company; and Lead Service Provider, Honeywell International Inc.
- Prince George’s County Education Collective 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.
“Shortlisting three teams to compete in the RFP phase of the project is an important next step toward reaching a successful outcome for the community of Prince George’s County,” said Lindsay Stowell, Executive Vice President, Higher Education, JLL. “We are looking forward to continuing the momentum working alongside PGCPS, the County and the State of Maryland.”
Taking an innovative approach to school construction financing, the PGCPS Blueprint Schools Phase II project utilizes a collaborative P3 to meet the needs of their 136,500 students and nearly 22,000 employees. Under the traditional capital program approach, one school typically takes around seven to eight years to build, and each school is funded and developed sequentially. In comparison, the initial P3 agreement (known colloquially as Blueprint Schools Phase I) will simultaneously deliver six new schools to PGCPS in 2023. Like Phase I, Blueprint Schools Phase II will provide an accelerated delivery model for K-12 schools.
The Request for Qualifications (RFQ) was issued on Oct. 31, 2022. Shortlisted proposers were notified on Feb. 24, 2023, and the Request for Proposals (RFP) will be forthcoming and due later in the year.
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.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.