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News release

TAMPA, FL

JLL Represents Tampa Commons in Rissman, Barrett, Hurt, Donahue & McLain Law Firm Lease Renewal


TAMPA, February 10, 2015 – JLL (NYSE: JLL) announces the completion of a 20,859-square-foot lease renewal with leading law firm Rissman, Barrett, Hurt, Donahue & McLain, P.A. at the 13-story Tampa Commons, a class A office building located in the desirable Westshore submarket at 1 North Dale Mabry Hwy. 

JLL Vice Presidents Sharon Bragg and Deana Beer represented the landlord in the transaction, while BishopBeale’s Nicholas Fouraker and Mike Beale represented the law firm Rissman, Barrett, Hurt, Donahue & McLain, P.A. 

“With its strategic location, first-class amenities and competitive leasing rates, Tampa Commons remains an office building of choice in the Westshore area,” Bragg said. “As Tampa’s market continues to heat up with the vacancy rate reaching its lowest level since 2001, we expect to see more deal activity in this submarket over the next year.”

The 254,808-square-foot office building boasts a number of amenities, such as an on-site café, renovated restrooms and common areas, 360-degree unobstructed views, and is located within walking distance to a number of restaurants.  Companies with offices in the building include Travelers Indemnity Company, Time Customer Service, Wilkes & McHugh and SAIC.

“JLL worked closely with the building ownership and the tenant’s broker to ensure Rissman, Barrett, Hurt, Donahue & McClain secured favorable renewal terms,” Beer said. “The building continues to attract tenants who are seeking a high caliber office location in the Westshore submarket.”

Overall, strong interest in the Westshore submarket continues to climb with a number of tenants looking to relocate into this suburban area, according to JLL’s office market research. The report indicates that the submarket remains a sought after location for office tenants seeking office space within Westshore, which has about 1,861,551 square feet total vacancy and average asking rents of $27.36 per square foot for class A office space.

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.