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JLL completes 22,000-square-foot lease at Town Center I
HOUSTON, Feb. 5, 2018 –JLL announced today LGI Homes Inc. has signed a 22,263-square-foot headquarters lease renewal and expansion at Town Center I. The nationwide, Houston-based homebuilder will expand its presence on the fourth floor of the six-story 140,000-square-foot Class A office building.
JLL Executive Vice Presidents John Pruitt and Chrissy Wilson represented the landlord, BIT Holdings Forty-Six Inc. in the transaction. Damon Palermo of Palermo Corporate Real Estate Advisors represented the tenant.
Located in the heart of The Woodlands at 1450 Lake Robbins Drive, Town Center I is within walking distance to restaurants, The Woodlands Mall, and the Waterway Entertainment District.
"The Woodlands is known for amenities such as waterway views, green spaces, walking trails, shopping and a wide range of restaurants," said Pruitt. "The surrounding amenities, coupled with the enduring Class A design and construction of Town Center I, continue to make this property a sought-after, long-term location for office users."
Features of the property include convenient access to Interstate 45 and the Hardy Toll Road, on-site property management, and dedicated, free covered parking.
According to JLL research, market conditions in The Woodlands improved slightly at year-end. Vacancy decreased to 19.2 percent and the submarket recorded 80,000 square feet of positive net absorption in the fourth quarter of 2017.
For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.
About LGI Homes, Inc. (Nasdaq:LGIH) Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee and Minnesota. The Company has a notable legacy of more than 14 years of homebuilding operations, over which time it has closed over 22,000 homes. For more information about the Company and its new home developments please visit the Company's website at www.LGIHomes.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.
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