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Firm launches new initiative to meet increasing client demand in the region
Dallas, February 22, 2018 – Increased client demand for commercial real estate services across North Texas has led to the establishment of a new satellite office for JLL. The firm announced today that they will be operating a new office in the Far North Dallas submarket at WeWork's co-working space at Legacy West, located at 7700 Windrose in Plano, Texas.
"Our new Far North Dallas location keeps us ahead of our expanding clients' needs and reinforces our commitment to providing the best service possible for our clients," said Brad Selner, JLL South Central Region President.
JLL representatives and brokers across the firm's full platform of service lines will have access to the JLL northern office, which will also be especially beneficial to clients located nearby. Over the past few years, the firm has seen a significant increase in business in and around the Legacy area.
"It makes sense for us to be where our clients are," said Torrey Littlejohn, JLL Senior Vice President. "This provides us an office solution with a collaborative environment and great energy, two things we are accustomed to at JLL. We're excited to start working with clients from our newest location."
The Far North Dallas submarket is nationally recognized as one of the most active in the nation. In 2017, 7.4 million square feet of new office product was delivered across the entire Dallas market, according to JLL Research. Of this, 5 million square feet were delivered in Far North Dallas. Additionally, through Q4 2017, the submarket's direct vacancy was one of the most competitive at 13.4% with 46.3 million square feet of inventory. By comparison, the Uptown office submarket's direct vacancy, Dallas' lowest, is at 10% with 11.4 million square feet of inventory, less than a quarter than that of Far North Dallas.
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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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