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News release

HOUSTON

Chicago-based boutique fitness studio to open first Houston location

JLL represents SPENGA in Houston rollout


HOUSTON, June 26, 2017 – SPENGA, short for spin-strength-yoga, has retained JLL to facilitate the rollout of multiple studio locations in Houston. The Chicago-based boutique fitness concept has signed its first lease in Houston for 4,011 square feet at 307 Westheimer Road, a retail development expected to deliver later this year.

"We're proud to be part of the Montrose community and excited about launching Houston's first SPENGA studio there.  We're confident residents will enjoy this new and unrivaled fitness experience," said James Hall, the studio's owner.

JLL's Matt Parsons is representing SPENGA in its Houston expansion. Chris Dray of NewQuest Properties represented the landlord, Lower Westheimer Center L.P., in this transaction.

SPENGA combines cardio, strength and flexibility in 60-minute, High Intensity Interval Training (HIIT) sessions that feature DJ-inspired music and aromatherapy. The company has approximately 40 locations across Illinois, Ohio, North Carolina and Colorado.

"SPENGA's unique approach to group fitness classes makes them a great addition to the Houston market," said Parsons. "This particular location puts them at the center of the active, urban neighborhoods of Midtown and Montrose."

The completed development will offer two stories of retail along one of Houston's most prominent Inner Loop corridors.  With more than 181,000 people within a 3-mile radius and approximately 20,000 cars passing by each day, the center and its tenants are positioned to benefit from a robust consumer base and high visibility.

Strong single-family home sales and population growth have sustained high levels of activity in Houston's retail market and attracted many new-to-market retailers, particularly in the experiential and entertainment sectors. According to JLL research, the city's retail market maintained its strength through the first quarter of 2017, recording 628,160 square feet of positive net absorption.

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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.