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News release

Dallas, TX

Pei Wei announces new headquarters at Las Colinas Highlands

JLL successfully negotiates office lease in Irving


​Dallas, October 5, 2017 – JLL announced today the successful negotiation of a new office lease on behalf of Pei Wei for their company's new headquarters. The fast-casual restaurant company will become the newest tenant at the Las Colinas Highlands office tower, located at 6191 N State Highway 161 in Irving, relocating their headquarters from Scottsdale, Arizona.

JLL International Director Paul Whitman and Associate Harrison Burt negotiated the 16,269-square-foot office lease on behalf of the tenant. Kristi Waddell, Addie Ludwig and Jeremy Duggins represented the owner, Cawley Management, LLC.

JLL Managing Director Jubal Smith worked with Pei Wei to negotiate a financially competitive business incentive package. The incentive package along with other location factors considered during the search resulted in a positive economic model for relocating the headquarters. 

"Pei Wei is making a tremendous investment in their company and North Texas," said Whitman. "Not only is Dallas-Fort Worth one of the fastest growing and economically sound regions in the country, but we're also home to Pei Wei's largest concentration of store fronts. Our state's business-friendly environment, accessible resources and deep labor pool align with their long-term plans for future success. We're thrilled to play a role in bringing the company's headquarters to Texas."

Over the last several quarters, much of Dallas' positive net absorption has been driven by new deliveries including multitenant buildings in Las Colinas. As of Q3 2017, 1.1 million square feet of office space has been delivered in the submarket, second only to the 4.4 million square feet delivered in Far North Dallas.

 

About Pei Wei

Founded in 2000, Scottsdale, Arizona-based Pei Wei is a Pan-Asian, fast casual restaurant that offers guests a way to eat well, be well and live well. Pei Wei prepares each dish to order using freshly chopped ingredients, purposely chosen for nutrition as well as flavor, and in the tradition of ancient Asian cooking methods. Menu offerings include lettuce wraps, sushi, and salad, rice & noodle bowls that can be easily customized for any palate or diet, including gluten-free and vegetarian. Pei Wei owns and operates more than 200 restaurants in 21 states. For more information, visit www.peiwei.com, and the latest Pei Wei news is also on Facebook, Twitter and Instagram.

                                                      

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.