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News release

SAN ANTONIO

Clarion Partners and Griffin Partners Select New Leasing Firm for Bank of America Plaza

JLL awarded over 542,000 square feet of office space in downtown San Antonio


SAN ANTONIO, November 7, 2016 – JLL announced that the firm has been awarded the exclusive leasing and marketing assignment for Bank of America Plaza in downtown San Antonio located at 300 Convent Street. The 28-story, Class A office project is owned by Clarion Partners and Griffin Partners. At 542,835 square feet, the property is the largest Class A office building in the city and is very prominent on the city's urban skyline.

JLL Managing Director Mark Krenger and Senior Associate Brian Kates will lead the leasing and marketing efforts. It is currently 86% leased.

The building has an iconic presence in the San Antonio Central Business District during both the day and at night.  Clarion and Griffin Partners recently commissioned San Antonio artist, Bill FitzGIbbons, to install a computerized LED-lighting display on the building's exterior. Titled "The Kinetic Skyline", the multi-colored light display accentuates the architectural features of the property and is the largest public art installation in South Texas.

"We are very excited to partner with Clarion Partners and Griffin Partners on this high profile asset," says Krenger.  "They are very proactive owners and have recently finished significant capital improvements in the building, making it one of the most prominent within the market."

Recent capital improvements include a complete renovation to the lobby, the addition of a fitness center and tenant conference facility, and installation of a computerized parking-management program in the parking garage.

Class A office space within the CBD is at a premium, according to JLL Research. The submarket has the second lowest vacancy for Class A office space in San Antonio through Q3 2016 (13%) and is expected to continue to strengthen due to tenant demand for high-quality offices and amenities.

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.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 60,000.  On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.