Jacobs of JLL’s Pittsburgh office completes 750,000 s/f, $72M renewal and expansion on behalf of Amdocs
JLL Pittsburgh’s Managing Director Nick Jacobs complete 750,000-square-foot, $72 million renewal and expansion on behalf of Amdocs in Pune, India
PITTSBURGH, Nov 23, 2018 — JLL Pittsburgh successfully completed a 750,000-square-foot, $72M renewal and expansion on behalf of leading software and services provider Amdocs in Pune, India. As a result, more than 40 percent of Amdocs’ employees are able to continue to call this space their home.
Amdocs has been developing software in Cybercity of Magarpatta for the last decade. Because options in the existing market are extremely tight, Amdocs would have been forced to look at new construction if this lease was not renewed. This transaction was the largest office lease renewal in Pune’s history.
Nick Jacobs of JLL’s Pittsburgh office represented Amdocs, Inc. in this transaction. Jacobs has represented Amdocs’ global real estate transactions since 2013. He is responsible for leading global real estate acquisitions and dispositions on behalf of Amdocs. Additionally, Nick and his team have closed a number of other exciting deals for their JLL clients including a new 30,000-square-foot, class A office transaction in Seattle, Wash., a 20,000-sqaure-foot office renewal in Herndon, Va., and a 45,000-square-foot renewal in Ottawa, Ontario, Canada, with more than a dozen other active transactions currently underway.
For more information on JLL’s Pittsburgh office, visit www.us.jll.com/en/locations/midwest.
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 annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com