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News release

DALLAS, TX

Dynamic Dallas Office Market Drives Lender Interest

JLL secures financing on behalf of Heady Investments for Class A office property in Plano


DALLAS, Feb. 25, 2015 – On behalf of Heady Investments, JLL’s Capital Markets experts today announced the firm has secured financing for Headquarters I, a Class A office property in the Legacy submarket of Plano, Texas. Principal Global Investors provided the floating-rate, three-year plus one year interest-only loan for the owners.

Managing Director Tim Jordan and Executive Vice President Dustin Dulin led the JLL team on the transaction.

“The Legacy submarket is one of the most dynamic growth areas in the country,” noted Jordan.

Constructed in 2013, Headquarters I is a 158,702-square-foot, six-story Class A office building located in Plano’s Legacy submarket, on the southeast corner of Headquarters Toll Road in the Legacy Town Center. The asset features 570 parking spaces, flexible floor plates and a diverse tenant roster.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2013 alone, JLL Capital Markets completed $99 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.

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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 $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 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.