Expands Firm's Brokerage and Property Management Businesses in San Antonio and South Texas
SAN ANTONIO, TX -- (Marketwired) -- 07/08/16 --
JLL (NYSE: JLL) has completed the acquisition of Travis Commercial Real Estate Services, a San Antonio-based real estate leader in property leasing and management, multi-market corporate services, tenant representation, investment sales, and facilities and construction management. Initially announced last month, the transaction is one of the latest in a number of industry-leading acquisitions that are consistent with the firm's growth strategy.
Travis Commercial was co-founded in 1998 by Mark Krenger and Chuck King. Jeff Miller joined the company in 1999 to launch the corporate real estate advisory division. All three will hold leadership positions in the combined businesses. Krenger and King will oversee agency leasing, and Miller will lead the tenant representation and markets corporate solutions groups.
"The response from the market and our clients has been overwhelmingly positive since we announced the acquisition of Travis Commercial," said David Carroll, JLL Market Director, South Central Region. "There's tremendous opportunity for growth in the South Texas region, and the newly combined businesses will accelerate our targeted expansion efforts."
"We look forward to bringing the JLL platform to our clients and are confident that adding our team to JLL will position us as a market leader in San Antonio and South Texas," said Krenger.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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