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News release

SAN ANTIONIO

JLL Announces Leases with Four New Tenants at Forum Offices


SAN ANTIONIO, TX, October 17, 2016 – JLL announced the signing of 21,119 square feet of new office leases at Forum Offices over the past sixty days. The largest deal was with GM Financial, who will occupy the first floor of Forum Three office building for 10,661 square feet. Other new tenants include CoStar Group, Guardian Mortgage Company, and HMG Engineers.

JLL's team of Mark Krenger, Lisa Mittel, and Meredith Sheeder worked on behalf of the landlord, a partnership between Endeavor Real Estate and Long Wharf Partners to finalize the transactions.

JLL's Pat McDowell and John Worthen represented GM Financial, Sergio Acosta of Cushman & Wakefield, San Antonio Commercial Advisors represented CoStar Group, and Scott Wolff with Transwestern represented Guardian Mortgage Company.

"Forum Three is a unique building within Forum Offices. It combines high ceilings and open plan efficiency with the on-site amenities that GM Financial is looking for on behalf of their employees," said Mittel.  "We are thrilled to have another quality company join AllianceBernstein, New York Life and Centene on the tenant roster at the Forum Offices. We are seeing the positive results of the new owner's expenditures to activate the outdoor grounds by procuring food trucks to complement the on-site deli along with the neighbouring restaurants, and added fitness center and conference facility.  The tenants have responded very favorably." 

The Forum Offices comprise a three-building campus located on 16 acres in the Northwest submarket of San Antonio. At over 380,000 total rentable square feet, the project is one of the largest and most recognizable in San Antonio. With the signing of these new leases, the project is now 91.4 percent leased.

Endeavor Real Estate and Long Wharf Partners purchased the project late last year, and have since invested in capital improvements that include a new tenant training facility, state-of-the-art fitness center, tenant-friendly landscaping with new outdoor seating enhanced by expanded Wi-Fi coverage, and renovated signage and branding, along with modernization of the elevators.

The landlord has also funded construction of spec suites in several of the project's other vacancies, two of which were leased by CoStar Group and Guardian Mortgage Company.

The Northwest submarket leads San Antonio's overall office market with four of the top five lease transactions in Q2 occurring here. The submarket also boasts the only office construction presently taking place in San Antonio. Currently, 728,000 square feet of new office space is under construction.

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.