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News release

DALLAS, TX

Jones Lang LaSalle Completes Flowserve World Headquarters Lease Renewal at The Towers at Williams Square


DALLAS, March 5, 2012 – Jones Lang LaSalle today announced the completion of Flowserve’s 125,106-square-foot world headquarters long-term lease renewal and extension at The Towers at Williams Square, located at 5215 N. O’Connor Boulevard in Las Colinas.  The company occupies floors 20-24 and employs over 320 professionals at the headquarters location.

Jones Lang LaSalle Managing Directors Kelley Kackley and Larry Toon represented the tenant in coordination with Project and Development Services Senior Vice President Vince Burt.  Cousins Properties Senior Vice President Mark Dickenson and Vice President Bill Brokaw represented the landlord.

“On behalf of Flowserve, our team evaluated numerous options throughout Irving and the DFW Metroplex,” said Kackley.  “At the end of the day, a long term extension at Williams Square proved to best meet Flowserve’s operational and economic goals.”

“Flowserve remains committed to Las Colinas, particularly given the combination of an exceptional work environment and the convenient, central location for our employees who live throughout the Metroplex,” said Flowserve Senior Vice President and Chief Administrative Officer Mark Dailey.

According to Jones Lang LaSalle research, Las Colinas is among the submarkets leading our local market recovery.  The submarket is a popular destination for corporate headquarters and plans for significant infrastructure improvements and the completion of the DART light rail line that will connect the area to DFW International Airport and downtown Dallas will further drive the trend.
 
About Flowserve
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.

About Jones Lang LaSalle
Jones 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.joneslanglasalle.com.