DALLAS--JLL has been selected by Boston-based Tremont Realty Capital to lease Abrams Centre at 9330 LBJ Freeway.  JLL's senior vice president Jay Bailey, vice president Blake Shipley and associate Lauren Halstedt will handle all of the leasing and marketing efforts for the property.

Abrams Centre is a 15-story 325,750-square-foot Class A office building is the LBJ submarket, where rents currently average $18.91 per square foot. However, according to JLL, the submarket is projected to rebound in 2015 when construction is completed.   

“Once construction is complete, LBJ will shed its stigma and re-emerge as a viable submarket with positive fundamentals that tenants will find attractive," Bailey said. "Activity is already picking up because it's the main artery for people moving from Coppell to North Dallas and Rockwall to Las Colinas.”

Tremont Realty Capital acquired the Abrams Center in 2010 as part of the firm's strategy to reposition distressed assets. Tremont recently completed a capital improvement program to improve the building lobby, on-site café and common areas. 

The property is conveniently located with immediate access to LBJ Freeway, North Central Expressway, the Dallas North Tollway and Forrest Lane. On-site amenities include property management, security, deli, conference center, barber and a full-service bank with a drive-thru. Major tenants at the building include Regus, Novitas Solutions, Accident Insurance Services, Civil Associates and Prosperity Bank.

“With LBJ construction scheduled for completion by year-end 2015, the submarket is expected to see notable improvement in vacancy and rental rates,” said JLL research manager Steve Triolet. “It's true that the total vacancy rate currently remains high, but average rates have already begun to drift upward as construction draws near, up almost 7 percent since the beginning of this year."