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Fine Line Diversified Development selects JLL as strategic partner for Champion Circle
Fort Worth, January 8, 2017 – Recent activity in the north Fort Worth area is continuing to attract new customers and interest to the region. In response, Fine Line Diversified Development, owner/developer of Champions Circle Commercial Mixed-Use Development at I-35W & SH 114, has selected JLL as their strategic partner in this 279 acre office, multi-family, hospitality and retail destination to implement their full suite of commercial real estate services.
JLL Managing Director Pat McDowell will lead office efforts and Associate Austin Speni will lead retail efforts.
Many new housing developments and highway improvements around and near Champions Circle highlight the growth in the area and made the commercial property an even more desirable choice for companies interested in capitalizing on the underserved area.
Capital investments to Champions Circle position the property as a dynamic prospect for office and retail tenants interested in taking advantage of the growth.
"Champions Circle is primed to serve as a premiere work-shop-live-play-stay destination for north Fort Worth," said Bill Boecker, President/CEO of Fine Line Diversified Development. "Our vision for this project has and will continue to attract office building ventures and complementary retailers, further unifying the key stakeholders in the area and better serving our regional community. With JLL's full platform of services at our collective disposal, we have the most capable, experienced and connected partner."
One of the many current Champions Circle office amenities is the Marriott Champion Circle, a four-star hotel, conference center and golf course. Hotel ownership recently announced extensive renovations to modernize and update all facets of the property. This area provides tremendous access to a viable employment base in the nearby Grapevine/Southlake/Fort Worth and immediately surrounding attractive neighborhoods.
"Users and developers seeking well-located opportunities for strategic growth need look no further than Champions Circle," said McDowell. "Accessibility to a well-educated, deep labor pool, plus the D/FW Airport should drive office demand, and locations like Champions Circle are in short supply, especially given the increased amount of new housing, highly rated school districts and job growth in our region."
The recent opening of the Tanger Outlet Center has flooded the area with new retail customers. Thanks to the great accessibility by way of major highways I-35W and SH 114, Champions Circle is incredibly located and prepared for new retail.
"The fundamentals for establishing a quality retail experience are gathered at Champions Circle," said Speni. "The team at Fine Line Diversified Development has done an excellent job of setting the stage and creating a desirable complementary, multi-use environment for customers. We're excited at the opportunity in the area and to support Fine Line's strategic development plan for the future of Champions Circle."
Currently, 1.4 million people live within 30 minutes of Champions Circle and the forecasts project the population to grow to 1.55 million by 2022. The region is also home to the second fastest growing school district in Texas. Population growth in the area has increased by over 25% from 2010 to 2016.
For questions or inquiries regarding office opportunities, please contact Pat McDowell at +1 817 334 8106 or by email at Pat.McDowell@am.jll.com. For questions or inquiries regarding retail opportunities, please contact Austin Speni at +1 214 438 6178 or by email at Austin.Speni@am.jll.com.
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.
+1 214 438 6550