HOUSTON – (Realty News Report) – The JLL real estate firm has leased 82,000 SF of office space at the new 200 Park Place building, a 15-story tower located at 4200 Westheimer Road within the Park Place River Oaks development.
The developer of the 210,000-square-foot Class-AA building, Stonelake Capital Partners, is a real estate private equity firm with offices in Houston, Dallas and Austin.
Located in the Galleria area, the new office building will feature JLL’s company name and logo on top.
Consolidated into one space, will be three of JLL’s Houston offices – now at the 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 Executive Vice President Ronnie Deyo and Senior Vice President Beau Bellow represented JLL in the lease negotiation.
Cushman & Wakefield’s Connor Saxe and Brad Beasley are leasing the 200 Park Place building. However, in the JLL lease transaction, Stonelake Principal William Peeples represented the property ownership directly.
The building is over 65 percent leased with tenants including Charles Schwab, Compass Real Estate, Veritas Title Partners, and Stonelake, the building’s developer and owner.
JLL will occupy three floors of modern innovative workspace, which will feature a beautiful open three-story staircase for easy connection between floors.
The new building is located near Mid Lane, a north-south street that was known as Sin Alley in the 1960s when a number of adventurous young people lived in apartments on that street. The building is near the River Oaks District and Highland Village.
JLL is expected to take occupancy in Summer 2021. JLL’s Property Management team is managing the property.
The JLL space is being designed with new standards that have arisen in the Covid era. “JLL’s Project and Development Services is managing the buildout of the new workspace utilizing the firm’s (Re)imagine strategies and best practices to support the health and well-being of their employees,’ JLL said in a news release.“Private offices and workstations will be laid out and designed with a certain level of distancing and boundaries in mind by using storage towers and cabinets. Breakrooms will be designed with larger proportions in order to expand the areas where people congregate.”
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.