Commercial property firm JLL heads to Uptown Dallas with new office
Commercial real estate company JLL is consolidating most of its North Texas operations in an office building in Uptown Dallas.
JLL rents 95,954 square feet of office space in the 2401 Cedar Springs building across from the Crescent.
The building will be the new location of JLL’s headquarters in the South-Central region. Employees will be relocating to the Uptown building from the JLL offices in Preston Center in North Dallas and Victory Park.
“Having our businesses all in one place will benefit our customers and team members as we create growth opportunities, transform them through technology, build stronger communities together, and work together to meet our customers’ needs,” said Brad Selner, JLL Regional President a statement.
JLL rents approximately half of the building owned by Crescent Real Estate LLC. The real estate company will move to the property in the fourth quarter.
JLL will occupy four floors of the seven-story building on Maple Avenue and Cedar Springs.
Crescent Real Estate, in partnership with Goldman Sachs, has just completed a major renovation of the building constructed in the 1980s.
“We are very excited about this step and about being part of the rebirth of this listed building,” said Trey Morsbach, Managing Director of JLL, in a statement. “To be able to do this with world-class investors Goldman Sachs and Crescent, it is even more special.”
JLL has been working on the office move for months.
After merging with Dallas-based real estate investment and finance firm HFF in 2019, JLL’s workforce was split across multiple locations. JLL’s head office in Dallas has been located on Douglas Avenue in Preston Center for a year.
Kelley Kackley, Jon McNeil, James Esquivel and Adam Hammack from JLL have negotiated the new office rental agreement with John Zogg, Tony Click and Marissa Parkin from Crescent.
The 2401 Cedar Springs office building in the Uptown neighborhood of Dallas was renovated by Crescent Real Estate. JLL takes up about half of the building.(Contributed)