T. Boone Pickens YMCA site in downtown Dallas goes on the market
JLL Capital Markets selected to facilitate the marketing and sale
DALLAS, September 13, 2019 – JLL announced the firm was selected to lead the marketing and sales efforts for the T. Boone Pickens YMCA property in downtown Dallas. The one-acre site is located near the center of downtown Dallas at the intersection of Ross Avenue and North Akard Street.
“After extensive research, thought and consideration, and nearly a year of review, the YMCA Board of Directors approved a recommendation in June to market a potential sale of the Downtown Y property,” said Curt Hazelbaker, President/Chief Executive Officer, YMCA of Metropolitan Dallas. “JLL has been contracted and they will begin the process of marketing the property in coming weeks. However, the sale of the building will be contingent upon finding the right solution for the Y, our members and community.”
JLL Capital Markets Managing Director Michael Swaldi and Vice President Jonathan Carrier are leading the firm’s sales team.
“The downtown YMCA site has the potential to be a truly transformational project for our city,” said Carrier. “Its centralized location, accessibility and visibility create a unique, once-in-a-generation opportunity to leave a lasting legacy on downtown Dallas. This is a truly outstanding investment opportunity and we are proud to play a role in its transition.”
According to JLL Research, downtown Dallas, particularly the area near Klyde Warren Park, has become an attractive and active development area. Since 2012, more than two million square feet of office development has come online, bringing 10,000 new daytime workers into the urban core, along with close to 1,000 new apartment units, as well as related amenities to enhance the area’s overall live, work, and play atmosphere.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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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 nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com