HOUSTON – (Realty News Report) – JLL has signed a lease for 82,000 square feet of office space at 200 Park Place, a new 15-story office tower located at 4200 Westheimer Road within the Park Place River Oaks development.
The 210,000-square-foot Class AA building was developed by Stonelake Capital Partners, a real estate private equity firm with offices in Houston, Dallas and Austin.
Located in the Galleria area, the new building will prominently display JLL’s name and logo at the top.
JLL will consolidate three Houston offices into a single location: the current Interfin building at 1400 Post Oak, the Nine Greenway near Richmond Avenue, and the 5 Riverway building near Woodway.
“This consolidation keeps us ahead of our ever-expanding clients’ needs and continues to foster JLL’s core value of teamwork,” said Dan Bellow, President – Houston, JLL. “Stonelake and their team delivered a beautiful building that provides JLL a modern workplace while also achieving a timeless design. 200 Park Place is a building we are proud to have our name on top of.”
JLL was represented in the lease negotiation by Executive Vice President Ronnie Deyo and Senior Vice President Beau Bellow. For the property owner, Stonelake Principal William Peeples represented the ownership directly. Cushman & Wakefield’s Connor Saxe and Brad Beasley are the leasing agents for 200 Park Place.
The building is more than 65 percent leased and houses tenants such as Charles Schwab, Compass Real Estate, Veritas Title Partners, and Stonelake, the developer and owner.
JLL will occupy three floors of contemporary, flexible workspace, connected internally by a striking open three-story staircase to facilitate easy movement and collaboration between levels.
The new building sits near Mid Lane and is close to the River Oaks District and Highland Village.
JLL is scheduled to take occupancy in Summer 2021. The building’s property management is handled by JLL’s Property Management team on behalf of the owner.
The JLL space is being designed to meet post-Covid standards and workplace best practices. JLL’s Project and Development Services is overseeing the build-out using the firm’s (Re)imagine strategies and industry guidance to support employee health and well-being. Private offices and workstations will be arranged with greater spacing and visual boundaries created by storage towers and cabinets. Breakrooms will be larger to allow expanded areas for staff to gather while maintaining comfort and safety.
Dec. 16, 2020 Realty News Report Copyright 2020
File: JLL Leases Its Headquarters in Houston.
File: (2) Stonelake Capital, 200 Park Place. JLL Leases Its Headquarters in Houston at new building in Inner Loop.