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News release

Austin, TX

JLL Capital Markets Announces Sales of Southwest Austin Office Property

JMA Ventures affiliate sells Nine One Six


​AUSTIN, September 20, 2017 – On behalf of an affiliate of San Francisco-based JMA Ventures LLC, JLL's Capital Markets experts today announced the firm has completed the sale of Nine One Six in the Southwest submarket of Austin, Texas. Austin Stone Community Church purchased the property.​

JLL Senior Vice President Jeff Coddington (Capital Markets), Senior Vice President Kevin Kimbrough and Vice President Brent Powdrill (Agency Leasing) led the sales team.

"Nine One Six provides a great investment opportunity in Austin," said Coddington. "Its location in Southwest Austin, long the most resilient suburban office submarket, accessible to major highways and roads, and proximity to prestigious residential communities, retail and entertainment combine to make this an intriguing property for prospective users and investors. We are pleased to have played a role in making this deal happen."

Nine One Six is located at 916 South Capital of Texas Highway in the West Lake Hills area of Austin, off of 360 and Lost Creek Boulevard. The two-story, 55,216-square foot office property is conveniently located near the Barton Creek Green Belt and several major retail centers including Barton Creek Mall. The sale includes the 5.2 acres on which it is situated.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $145 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

 

About JMA Ventures, LLC

JMA Ventures LLC is a full service San Francisco based investment and real estate development company with in-house acquisition, development, finance, leasing, marketing and management capabilities. The company has compiled a 30-year track record of successful projects, both residential and commercial, combining investment and development expertise currently serving as general partner and master developer for in excess of $1.5 billion of real estate related investments across the western United States.

JMA's portfolio encompasses some of Lake Tahoe's, Sacramento's and the San Francisco Bay Area's most appealing lifestyle and entertainment venues, including the proposed redevelopment of Homewood Mountain Resort in Lake Tahoe; the West Shore Café and Inn; Red Lodge Mountain and Golf in Red Lodge, Montana; the Downtown Commons mixed use project adjacent to the new Golden 1 Center in downtown Sacramento including a new 250 room Kimpton Sawyer Hotel, a minority ownership of The Bay Club Company in San Francisco; Fairmont Heritage Place at Ghirardelli Square in San Francisco; as well as Waterbar and EPIC restaurants on San Francisco's Embarcadero waterfront. For more information, please visit www.jmaventuresllc.com.

 

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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 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 jll.com.