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DALLAS, March 2, 2012 – Jones Lang LaSalle (NYSE: JLL) recently completed Pinnacle’s 16,000-square-foot corporate headquarters relocation at Liberty Plaza I, located west of the Dallas North Tollway at 5055 Keller Springs Road. The company relocated from Premier Place at 5910 North Central Expressway.
Jones Lang LaSalle Managing Director Brad Selner and Vice President Fiona Forkner represented the tenant. Holt Lunsford Principals Mace McClathchy and Byron McCoy represented Massachusetts-based Franklin Street Properties Corporation.“Our continued goal in working with Pinnacle is to determine areas where we can create space efficiency throughout their national portfolio,” said Selner. “Moving forward, we will be working in partnership to determine the best opportunities for fiscally responsible asset management.”
In March 2011, Jones Lang LaSalle was named the real estate services provider for Pinnacle, one of the nation’s largest third-party multifamily managers. The Jones Lang LaSalle team will handle tenant representation, account management, lease administration and transaction (acquisitions and dispositions) services for a portfolio of over 20 regional multifamily management office properties in markets across the United States.
“Our company is strategically focused on building a collaborative, open architecture environment while maximizing space efficiencies in order to effectively manage our assets,” said Edward J. Wolff, Pinnacle’s Chief Administrative Officer.
About Pinnacle Family of CompaniesThe Pinnacle Family of Companies is a global real estate provider, specializing in strategic investments, development and management of multifamily residential communities. As one of the nation’s largest third-party manager of multi-family housing; Pinnacle’s portfolio is valued at $17 billion, includes nearly 140,000 residential units and 15 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has over 40 Regional and field offices with 4,000 employees located in 37 states, and 300 cities nationwide. For more information, visit www.PinnacleFamily.com.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.us.joneslanglasalle.com.
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