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Ascent Real Estate Advisors and EY Ventures award over 310,000 square feet of office space
DALLAS, October 4, 2016 – On behalf of Ascent Real Estate Advisors and EY Ventures, JLL today announced the firm has been awarded the exclusive leasing assignment for Rambler Park, a fourteen-story, Class A office property located near the Central Expressway at 7557 Rambler Road in Dallas, Texas.
The property includes more than 310,000 square feet of rentable office space. Currently, the building offers 44,600 square feet of available office space, including approximately 11,700 SF of contiguous space immediately available.
JLL Senior Vice President Chris Doggett and Associate Cullen Donohue will lead the leasing and marketing efforts. Pillar Commercial will handle property management for the building.
"We are thrilled to partner with Ascent Real Estate Advisors and EY Ventures on this asset," says Doggett. "The property is in a tremendous location with an abundance of nearby retail and dining options, along with quick highway and DART rail line access."
New amenities and upgrades expected to be delivered in Q1 2017 include spec suites.
Office space along the North Central Expressway is high in demand, according to JLL Research. The submarket has the second lowest vacancy in Dallas through Q3 2016 (12.6%, only behind Preston Center at 10%) due in part to its accessibility and central location.
About JLLJLL (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.
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