JLL completes sale of site in Post Oak Park area of Houston
JLL completes land sale in Houston's Post Oak Park
HOUSTON, March 7, 2019 – JLL announced today the successful sale of a near half-acre site located at 3723 Westheimer Road in Houston. The site was acquired by Randall Davis Company.
JLL’s Mark Raines and Matt Parsons negotiated the sale on behalf of the seller, Ascot Meadow LLC, and Chip Nash represented the buyer.
“Houston is poised to see significant growth as one of the healthiest and most active markets in the US,” said Raines. “Developers are eager to secure new opportunities to stay ahead of growing demand thanks to our strong economic fundamentals and our region’s continued growth.”
JLL’s 2019 Construction Outlook notes Houston as one of the top market in the US for construction across a variety of product types. Healthy job and population increases are expected to create a favorable environment for both developers and consumers alike
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