LOS ANGELES-Jones Lang LaSalle finalized the acquisition of Houston-based office management firm Means Knaus Partners earlier this week. The deal added 16 million square feet to JLL's office management portfolio, giving the firm the second largest third-party management portfolio in Los Angeles.

JLL has been aggressively maneuvering to expand its office property management sector. “Property management is a strategic component of the JLL platform, which complements our leasing and investment sales business,” says JLL managing director Michael Prabhu.

With a healthy portfolio featuring 80 properties managed by the firm in major cities across the nation, MKP was a strong acquisition choice for JLL to strengthen the office management sector of its business. Almost 100 MKP employees will transition into roles with JLL, including MKP CEO Doug Knaus, who will join the JLL team as international director and MKP COO Robert Nowak, who will become managing director for JLL.