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News release

DALLAS, TX

Equity Office Properties Announces New Strategic Leasing Partner at Solana

JLL awarded two million square feet of office space near DFW International Airport


DALLAS, November 23, 2015 – JLL today announced the firm has been awarded the exclusive leasing assignment of Solana, a 233-acre corporate campus situated along Highway 114 in both Southlake and Westlake, Texas.  The campus features three Class A office properties totaling two million square feet. 

Solana is owned by Chicago-based Equity Office Properties, who earlier this year launched a capital improvement plan in excess of $65 million. 

Equity Office Properties pledged to transform the entire campus with several modern amenities and upgrades, while keeping with the integrity of the original architecture.   Most notably, the capital improvements include new structured parking garages at The Vista at Solana and The Terrace at Solana that will raise the parking ratios at both buildings. The Terrace at Solana has increased its parking ratio to five per 1,000 square feet with the opportunity for future expansion that would eventually bring it to seven per 1,000 square feet.  The Vista at Solana now boasts a seven per 1,000 square feet parking ratio.

JLL’s Managing Director Jeff Eckert, Senior Vice President Jay Bailey and Vice President Blake Shipley in the firm’s Dallas office will team with JLL’s Senior Vice President Frank Taylor and Associate Meredith Miner in Fort Worth to lease and market the campus. 

“The capital improvements are near completion and have already made a major impact; they’ve truly created a cutting-edge campus experience,” said Eckert.  “We expect that the new look and feel will attract FORTUNE companies who want to relocate their operations to and within the Metroplex.”

Today, Dallas-Fort Worth is home to over 40 Fortune 100 companies, with 14 located within five miles of the property.  Solana’s corporate neighbors include Fidelity, Deloitte University, Sabre Holdings and The Container Store.

According to JLL research, Dallas-Fort Worth has added over 103,000 jobs in the past year and is one of the most affluent Metro areas in the U.S., which are both factors driving the strong corporate environment near Solana. 

The campus is located between Downtown Dallas and Fort Worth, within five minutes of DFW International Airport and in proximity to major suburban population hubs like Southlake, Grapevine, Coppell, and Las Colinas.  

“Our goal is to partner with Equity Office and provide tenants a memorable day-to-day experience that serves professional and personal needs,” continued Eckert. 

Currently Solana offers the largest available contiguous Class A blocks for lease in the Metroplex.  Two large opportunities include 381,000 square feet at The Vista at Solana available immediately, and 715,000 square feet at The Terrace at Solana, which will be 100 percent available in early 2017 for single and multitenant occupancy.  Additionally, the property has three parcels of land totaling 111.9 acres that are ready for built-to-suit development.

Solana features a newly renovated 38,000-square-foot Larry North Fitness Center, Marriott hotel and conference center, 10,000-square-foot day care center and numerous restaurants. 

For more information about Solana, please contact Jeff Eckert at +1 214 438 6100 or jeff.eckert@am.jll.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. A Fortune 500 company 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 $57.2 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.

About Equity Office Properties
The Equity Office portfolio, encompassing approximately 50 million square feet of Class A office space throughout the U.S., is rich with signature properties in the nation’s leading gateway markets. The company focuses heavily on meeting the current trends and changing strategic needs of companies and our chosen markets.  We rely on a connected coalition of informed and market sensitive regional leadership groups made up of seasoned real estate professionals who keenly understand the nuances of their individual markets. With an average tenure of over 25 years in the real estate industry, our regional leaders also head teams with deep experience across the board from investment and asset management, to property management, development and construction. Our regional operations draw on the financial power and legendary prestige of one of the largest commercial real estate firms in the nation. As an affiliate of Blackstone, a pre-eminent global asset manager providing significant financial strength and long-term stability, we are extremely well capitalized.  Please visit www.equityoffice.com for more information.