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News release

Dallas, TX

JLL Successfully Negotiates Office Extension And Expansion For Pacific Union Financial


​Dallas, October 17, 2017 – JLL announced today the successful negotiation of a new office lease extension and expansion on behalf of Pacific Union Financial. The full service mortgage company has extended their 88,220 square-foot office lease at Browning Place II, located at 1603 Lyndon B. Johnson Freeway in Dallas, and expanded their footprint by an additional 44,017 square feet at neighboring Browning Place I, located at 1601 Lyndon B. Johnson Freeway for a total footprint of 132,237 square feet.

 

"Pacific Union Financial appreciates JLL's professionalism, and their dedication to the process of finding space for our new Corporate Headquarters in Irving, Texas," said Scott Siek, Pacific Union Financial, Vice President – Facilities & Real Estate. "We are excited to work with the landlord on the ongoing enhancements to our leased premises, as well as the upgrades to the lobby and the on-site café. This remodeled and expanded space will allow us to provide an excellent work environment for our employees as they continue to place our customers at the center of all we do."

 

JLL Managing Director Steve Thelen and Vice President Conor McCarthy negotiated the extension and expansion on behalf of the tenant. Transwestern's Duane Henley represented the owner, TCI Park West I, Inc.

 

"Our dedicated team set out to secure the optimum solution to achieve Pacific Union Financial's long-term ambitions and we are thrilled with the results," said Thelen. "Since coming to Dallas in 2012, Pacific Union Financial has grown and strengthened their presence across the US as an industry leader. We are proud to play a role in growing their home office."

 

According to JLL Research, the LBJ Freeway office submarket is warming up, contributing more to total net absorption than it ever has. Since the beginning of the year, the LBJ Freeway submarket has seen a total net absorption of 265,830 square feet of office space through Q3, compared to recent activity of Uptown/Oak Lawn (326,622 square feet of office space) and Far North Dallas (3.4 million square feet of office space).

 

 

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.