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JLL identifies solution to address immediate needs and projected growth
DALLAS, July 3, 2018 – JLL announced today the long-term renewal of a natural resources client's lease at The Campus at Legacy, located at 5340 Legacy Drive in Far North Dallas. The tenant has renewed their lease for their 38,258-square foot office space.
JLL Managing Director Steve Thelen and Associate Scott Hage secured the lease renewal on behalf of the tenant. Peloton Commercial Real Estate's John Brownlee and Michael Williams represented the landlord, Whetstone Legacy Campus, L.P., a Delaware limited partnership.
"Our team worked closely with the client to identify and address their priorities, including employee satisfaction and future growth," said Thelen. "We evaluated the Legacy real estate market and determined that the best solution for their business and employees was to renew long-term and hedge against anticipated rate increases."
According to JLL Research, through Q1 2018, the Far North Dallas submarket has seen total net absorption of 541,581 square feet of office space, accounting for over 39% of the total absorption for the Dallas market year-to-date. Only the Las Colinas office submarket has seen a higher total net absorption total through Q1 with 679,411 square feet.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. 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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