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News release

DALLAS

JLL Successfully Negotiates New Office Lease for Medical Device Company

HeartSciences announces relocation of corporate offices


DALLAS, May 31, 2017 – JLL announced today the firm has successfully negotiated a new 4,634-square-foot office lease for HeartSciences. The medical device manufacturer will relocate their corporate headquarters to Granite Place I at Southlake Town Square located at 550 Reserve Street in Southlake, Texas.

JLL Managing Director Steve Thelen and Vice President Kimarie Ankenbrand negotiated the lease on behalf of the tenant. Granite Properties' Burson Holman and Avery Bush represented the owner.

"Granite Place I provides an ideal real estate solution that allows the innovators at HeartSciences to continue their mission of developing medical devices that enable accurate, affordable screening for early detection of heart disease," said Thelen. "Their development and innovation blends perfectly within the growing Southlake submarket and their tenant base. We're excited to play a role in securing their new corporate home."

According to JLL Research, at the end of 2016, the Westlake/Southlake submarket had the highest net absorption percentage in Fort Worth with 2.8% fueling premium rates for office space in the market.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.