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JLL successfully negotiates new leases for technology firm
Dallas, January 23, 2018 – JLL announced today the successful negotiation of two office extensions for broadband solutions company, Oceus Networks, Inc. The company has extended the leases for their corporate office in Legacy Town Center III, located at 5801 Tennyson Parkway in Plano, and their operations center at the Cascades at The Colony, located at 5916 Stone Creek Drive in The Colony.
JLL Managing Director Steve Thelen and Associate Scott Hage negotiated each lease extension on behalf of the tenant. CBRE's Dennis Barnes, Alexandra Cullins and Jackie Marshall represented Legacy Town Center's ownership, KBS, and Transwestern's Nathan Durham and Joe Whitmer represented Cascades at the Colony's ownership group, Cascades by Windsor 1 LLC.
"Oceus Network's lease renewals illustrates North Texas' position as a hotspot for the tech industry," said Thelen. "As the leading broadband solutions company for government and enterprise companies, they are well-positioned to take advantage of the areas deep tech labor pool as well as the growing number of companies making their way to the metroplex."
"We are excited about extending our leases in these key locations," said Kevin Stiles, Chief Technology Officer for Oceus Networks. "These extensions show Oceus Network's commitment to the North Texas market where our R&D and Engineering hubs are located. In our fast-moving technology field, it's key that we have access to the best talent, and North Texas gives us that."
Tech Office Trends report notes a significant uptick in tech industry job gains in the metroplex over the past five years. The report also lists Dallas-Fort Worth as one of the nation's top 10 tech labor markets, thanks in part to the amount and range of tech-oriented companies located in the area including traditional software firms to cutting edge broadband communications companies like Oceus Networks, Inc.
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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