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News release

DALLAS, TX

EnLink Midstream Relocates Corporate Office to Dallas Arts District

JLL negotiates 157,568-square-foot lease at One Arts Plaza near the Dallas CBD


DALLAS, Nov. 19, 2014 – JLL today announced that the firm negotiated a 157,568-square-foot office lease at One Arts Plaza on behalf of EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (together “EnLink Midstream”). One Arts Plaza is located at 1722 Routh Street in the Dallas Arts District. The long-term lease will provide EnLink Midstream flexibility for future growth with opportunities to expand into additional square footage during the term of the lease.  Once build-out is complete, the company plans to relocate in mid-2016.

EnLink Midstream currently leases 109,404 square feet at 2501 Cedar Springs Road. According to JLL Research, once vacant, it will be one of the largest available contiguous blocks of space in the Uptown submarket.

 “JLL evaluated several existing and new construction projects, but ultimately EnLink Midstream decided that One Arts Plaza best met their growth objectives and employee needs,” said Thelen.  “We were pleased to have worked with EnLink Midstream on negotiating their new lease,” said JLL Managing Director Steve Thelen

“We are intensely focused on our goal to double the size of EnLink Midstream by 2017,” said Barry E. Davis, EnLink Midstream President and Chief Executive Officer. “The decision to move office space allows us to better plan for the future and reinforces our commitment to growth over the near and long-term. One Arts Plaza is located in a premier area of Dallas and provides enhanced amenities for our growing employee base.”  

JLL’s Managing Directors Thelen and Jeff Staubach; and Vice President Torrey Littlejohn negotiated the lease with Billingsley’s Partner Lucy Burns. 

Dallas-based architecture firm Corgan has been retained to design the new space. JLL’s Senior Vice President Vince Burt and Senior Project Manager Brad Carbo will oversee project management services.

One Arts Plaza, a premier address in the Dallas Central Business District, operates as a sophisticated live, work, play destination.  The state-of-the-art office building provides tenants with 24-hour on-site security, complimentary shuttle transportation to nearby restaurants and the Pearl Street DART station, fitness center, conference center, and valet parking for visitors.

The Dallas Arts District is the largest arts district in the United States and spans over 19 contiguous blocks between St. Paul Street and Woodall Rodgers Freeway.  It features world-class venues such as AT&T Performing Arts Center, Booker T. Washington High School for the Visual and Performing Arts, Dallas Museum of Art, Klyde Warren Park and Nasher Sculpture Center.

About EnLink Midstream
EnLink Midstream is a leading midstream provider formed through the combination of Crosstex Energy and substantially all of the U.S. midstream assets of Devon Energy. EnLink Midstream is publicly traded through two entities: EnLink Midstream, LLC (NYSE: ENLC), the publicly traded general partner entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master limited partnership.

EnLink Midstream’s assets are located in many of North America’s premier oil and gas regions, including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale. Based in Dallas, Texas, EnLink Midstream’s assets include approximately 8,800 miles of gathering and transportation pipelines, 13 processing plants with 3.4 billion cubic feet per day of net processing capacity, seven fractionators with 252,000 barrels per day of net fractionation capacity, as well as barge and rail terminals, product storage facilities, brine disposal wells, an extensive crude oil trucking fleet and equity investments in certain private midstream companies.

Additional information about the EnLink Midstream companies can be found at www.EnLink.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​

 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are based on certain assumptions made by the Partnership and the General Partner based upon management's experience and perception of historical trends, current conditions, expected future developments and other factors the Partnership and the General Partner believe are appropriate in the circumstances. These statements include, but are not limited to, statements about future financial and operating results, objectives, expectations and intentions that are not historical facts. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership and the General Partner, which may cause the Partnership's and the General Partner’s actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to, the failure to consummate the transaction due to unsatisfied closing conditions, the risk that new assets will not be successfully integrated or that such integration will take longer than expected, the failure to achieve expected synergies, regulatory, economic and market conditions and other risks discussed in the Partnership's and the General Partner’s filings with the Securities and Exchange Commission. The Partnership and the General Partner have no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.