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Anticipated growth in region drives office relocation
Dallas, December 14, 2017 – JLL announced today the successful negotiation of a new office lease for Pape-Dawson Engineers, Inc. The San Antonio-based engineering firm is relocating their Dallas office to a new 11,913 square-foot office at Lincoln Legacy Two, located at 5810 Tennyson Parkway in Plano.
JLL Managing Director Steve Thelen negotiated the lease on behalf of the tenant. JLL Managing Director Jeff Eckert, Executive Vice President Daryl Mullin, and Senior Vice Presidents Blake Shipley and Jay Bailey represented the owner.
"Pape-Dawson's new office solution addresses two of the firm's primary objectives – securing a convenient location for their clients and growing staff and strategic positioning within an area of projected growth for their company," said Thelen. "North Texas is one of the most active markets in the US and their firm is situated to capitalize on continued growth in Dallas and the region."
According to JLL Research, the Far North Dallas submarket has completed over 4.4 million square feet of office space year-to-date with another 3 million square feet under construction as of Q3 2017. The area constitutes over 70% of the total year-to-date completed office projects for Dallas and over 46% of the total amount of office product currently under construction.
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 third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 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 ir.jll.com.
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