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News release

ORLANDO, FL

JLL Represented TriGate/Tower Joint Venture in Securing 30,000SF Lease with AT&T at Contact Pointe in Lake Mary


ORLANDO, FL, August 31, 2016JLL (NYSE: JLL) announces today that a joint venture between Tower Realty Partners and TriGate Capital  has  completed a 30,000-square-foot lease with AT&T, Inc. at Contact Pointe, a 93,000-square-foot office building in Lake Emma Corporate Park. Contact Pointe is located at 3210 Lake Emma Road in Lake Mary, Florida. 

JLL Managing Director John Gilbert and JLL Vice President Darryl Hoffman represented the landlord, Tower Realty Partners and TriGate Capital, in the transaction. 

"Contact Pointe continues to appeal to top-tier tenants with its high parking ratio and large amount of contiguous office space available," said JLL's John Gilbert. "This absorption will leave Contact Pointe with one remaining block of space to lease. This space is the only available block in Lake Mary above 20,000 square feet with a parking ratio of 6 spots per 1,000 square feet, which is the highest parking ratio north of Downtown Orlando." 

As Contact Pointe's newest tenant, AT&T will occupy the first floor and the space will be home to approximately 180 employees. Technology companies and call centers comprised 36.6% of expansions and overall transactions in the Orlando area in the second quarter of this year, JLL's Q2 Office Insight report shows. The footprint of these tenants has increased by 54.8% year-over-year at a time when Central Florida's technology industry is projected to experience further growth.  

Earlier this year, JLL also represented Tower Realty Partners and TriGate Capital in the sale of an adjacent 158,000-square-foot building to Axium Specialty Pharmacy. The Axium expansion will create 225 new high-wage jobs in the Orlando area by 2020.

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 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.​