Todd Burnette

FORT WORTH—JLL recently consolidated several business lines in a downtown office. The company's new 17,400-square-foot corporate office, located in Wells Fargo Tower at 201 Main St., merges the established JLL team with the recently acquired Integra affiliate. JLL's rail practice group has also relocated to a new office at Centerport located at 4200 Buckingham Rd., in response to growing client demand.

JLL managing director Todd Burnette recently discussed the relocation and its relationship to the commercial real estate activity throughout the metro.

GlobeSt.com: With an expansion in Fort Worth, one would assume that indicates activity levels are as high as Dallas.

Todd Burnette: Activity levels are up across the metroplex. DFW is exploding with growth. People are moving here for jobs. Our team in Fort Worth is growing with the market. Our clients are demanding more and more services to help solve their real estate needs. As a result, we've been growing our teams–project and design services, business and economic incentives, capital markets, retail, and valuation–showcasing the depth of JLL's full suite of services.

GlobeSt.com: What is the best illustration of the recent activity, whether leasing or sales?

Burnette: One of the best illustrations is the Clearfork Development, a new mixed-use development in West Fort Worth, where Neiman Marcus just opened a new store. Activity there has been off the charts. We are working on three office buildings totaling 290,000 square feet, and, to date, we have 140,000 square feet of signed leases. In addition, there is another 280,000 square feet of proposals out on the balance of the space. Activity levels have been phenomenal and we anticipate more buildings tenants to be announced soon. Tenants include Frost Bank, Smith and Nephew, Lhoist North America, First United Bank Mortgage and The Miles Foundation.

GlobeSt.com: Are you anticipating more jobs in the next five years, ergo, more real estate? In what product types?

Burnette: We're going to continue to see demand from people that are wanting to relocate to the DFW metroplex. That's going to bring office, industrial, retail and a continued demand on the new housing and apartment construction.

GlobeSt.com: Is there an end in sight to the demand?

Burnette: Not that we're seeing right now. The Fort Worth market has become more diversified and no longer as energy dependent as it once was. But the real kicker here is that at some point, the energy sector will turn back around. When that does, it's going to turbocharge our market. There's no slowdown seen on the horizon.

JLL professionals and support team members will now provide tenant representation, industrial, investment sales and financing, agency leasing, appraisal and capital markets services from the new location on Main Street.

Todd Burnette

FORT WORTH—JLL recently consolidated several business lines in a downtown office. The company's new 17,400-square-foot corporate office, located in Wells Fargo Tower at 201 Main St., merges the established JLL team with the recently acquired Integra affiliate. JLL's rail practice group has also relocated to a new office at Centerport located at 4200 Buckingham Rd., in response to growing client demand.

JLL managing director Todd Burnette recently discussed the relocation and its relationship to the commercial real estate activity throughout the metro.

GlobeSt.com: With an expansion in Fort Worth, one would assume that indicates activity levels are as high as Dallas.

Todd Burnette: Activity levels are up across the metroplex. DFW is exploding with growth. People are moving here for jobs. Our team in Fort Worth is growing with the market. Our clients are demanding more and more services to help solve their real estate needs. As a result, we've been growing our teams–project and design services, business and economic incentives, capital markets, retail, and valuation–showcasing the depth of JLL's full suite of services.

GlobeSt.com: What is the best illustration of the recent activity, whether leasing or sales?

Burnette: One of the best illustrations is the Clearfork Development, a new mixed-use development in West Fort Worth, where Neiman Marcus just opened a new store. Activity there has been off the charts. We are working on three office buildings totaling 290,000 square feet, and, to date, we have 140,000 square feet of signed leases. In addition, there is another 280,000 square feet of proposals out on the balance of the space. Activity levels have been phenomenal and we anticipate more buildings tenants to be announced soon. Tenants include Frost Bank, Smith and Nephew, Lhoist North America, First United Bank Mortgage and The Miles Foundation.

GlobeSt.com: Are you anticipating more jobs in the next five years, ergo, more real estate? In what product types?

Burnette: We're going to continue to see demand from people that are wanting to relocate to the DFW metroplex. That's going to bring office, industrial, retail and a continued demand on the new housing and apartment construction.

GlobeSt.com: Is there an end in sight to the demand?

Burnette: Not that we're seeing right now. The Fort Worth market has become more diversified and no longer as energy dependent as it once was. But the real kicker here is that at some point, the energy sector will turn back around. When that does, it's going to turbocharge our market. There's no slowdown seen on the horizon.

JLL professionals and support team members will now provide tenant representation, industrial, investment sales and financing, agency leasing, appraisal and capital markets services from the new location on Main Street.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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