HOUSTON – (Realty News Report) – JLL announced that Executive Managing Director Louis Rosenthal will be the new lead for JLL’s Energy and Renewables practice group. Rosenthal will succeed JLL’s International Director Bruce Rutherford, who is retiring from JLL after a 40-year career with the company.
Based in Houston, which is known as the Energy Capital of the World, Rosenthal will lead a team that advises the energy, renewables and utilities industries on how to optimize their real estate portfolios.
In a major transaction in 2020, Rutherford and Rosenthal teamed up on a major deal in downtown Houston – TC Energy’s 320,000-SF lease at TC Energy Center, a 56-story tower at 700 Louisiana.
Rutherford first joined JLL in 1983 and has led JLL’s global Energy and Renewables practice group for the past nine years. Throughout his career, he has opened and led several new geographies and businesses in North America, as well as having initiated, designed and led tenant representation in the Asia-Pacific region and being instrumental in JLL’s merger with The Staubach Company. As an advisor and broker, he has negotiated more than 40 million SF of corporate and regional headquarters and various corporate site selections.
“It’s been my pleasure to spend the last four decades at JLL building teams and partnering with the best people in the industry,” Rutherford said. “Louis has deep experience in representing and advising companies in the energy, renewables and utilities industries, and I know our clients are in good hands.”
Rosenthal will become Director/National Leader – Energy and Renewables beginning January 1. An industry veteran with more than 35 years, he has spent the past 23 years with JLL focusing on tenant representation.
Rosenthal has completed many transactions in Houston, including a major lease for BP Lower 48, one of the world’s largest natural gas producers. At one time BP Lower 48 operated over 10,000 wells, with interests in thousands of others with shale assets in the Permian Basin, Eagle Ford Shale and the Haynesville Shale.
In 2018, with Rosenthal’s representation, BP Lower 48 leased 91,000 SF in a Skanska building on Memorial Drive in the Energy Corridor.
The Energy Corridor is a major submarket in West Houston, which is home to many of the world’s largest energy companies and engineering and tech firms related to energy and transitions and renewables.
Dec.19, 2022 Realty News Report Copyright 2022.
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