{"id":1004082692,"date":"2013-08-26T12:32:43","date_gmt":"2013-08-26T20:32:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004082692"},"modified":"2022-12-08T07:49:58","modified_gmt":"2022-12-08T15:49:58","slug":"jll-buys-houstons-means-knaus-partners","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-buys-houstons-means-knaus-partners\/","title":{"rendered":"JLL Buys Houston\u2019s Means Knaus Partners"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/i><\/p>\n

\"John<\/a>

John Gates, of JLL<\/p><\/div>\n

Jones Lang LaSalle, of Chicago, has acquired Means Knaus Partners, a property management company headquartered in Houston and with about 16 million square feet of office space under management, primarily in Chicago, Dallas, Denver, Houston, Los Angeles, Orlando and Tampa, the two companies announced earlier today. Financial terms of the transaction were not disclosed.<\/p>\n

JLL described the acquisition as \u201ca strategic move to aggressively expand its industry-leading third-party property management expertise.\u201d<\/p>\n

MKP was founded as a private real estate investment and management company in 1998 by Steve Means and Doug Knaus, who had earlier worked together at the Paragon Group. The company manages 80 prime office assets throughout the United States.<\/p>\n

Knaus, the CEO of MKP, will join JLL as an international director; Robert Nowak, MKP\u2019s chief operating officer, will become a JLL managing director; and the nearly 100 other MKP employees will also join JLL.<\/p>\n

The acquisition will boost JLL\u2019s market share as a property manager. The company already holds No. 1 positions in Chicago\u2019s CBD and in Denver and is No. 2 in the Chicago suburbs. With the MKP addition, JLL will also hold the No. 1 position in Orlando and the No. 2 slot for third-party management in Los Angeles County.<\/p>\n

Among the buildings that MKP manages are One California Plaza, 600 Wilshire and the Aon Center in Los Angeles; 300 South Riverside Plaza in Chicago\u2019s West Loop; Park Central in Denver; and the SunTrust Center in Orlando.<\/p>\n

In an exclusive interview this afternoon with Commercial Property Executive<\/i>, Knaus and John Gates, president of Jones Lang LaSalle\u2019s National Real Estate Services, discussed how the companies hooked up and why this is a good fit.<\/p>\n

The courtship started last summer, Gates said, and was mostly driven, at least initially, by the regard that JLL had for its sometimes competitor.<\/p>\n

\u201cTheir reputation has for a long time been just top-notch\u201d in terms of MKP\u2019s people, clients, assets and relationships, he said. Gates called MKP \u201ca great business that has a strong place in the industry.\u201d<\/p>\n

\"Knaus,<\/a>

Doug Knaus, of MKP<\/p><\/div>\n

From the MKP side, Knaus said, they had obviously long been familiar with JLL and the Staubach Co. ,which JLL acquired in 2008. He called JLL \u201cthe premier real estate services company in the world.\u201d<\/p>\n

Knaus said he particularly values JLL\u2019s culture of collaborative management and commitment to client services. Some of MKP\u2019s client relationships go back about 30 years, before the company took its current name and form, he said, and he looks forward to extending those through JLL\u2019s capabilities.<\/p>\n

Recalling his former colleague and MKP\u2019s co-founder, Steve Means, who died in 2005, Knaus said, \u201cSteve would be very proud of what has happened.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Jones Lang LaSalle has acquired Means Knaus Partners, a property management company headquartered in Houston with about 16 million square feet of office space under management, primarily in Chicago, Dallas, Denver, Houston, Los Angeles, Orlando and Tampa.<\/p>\n","protected":false},"author":882,"featured_media":1004082696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004082692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nJLL Buys Houston\u2019s Means Knaus Partners - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-buys-houstons-means-knaus-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Buys Houston\u2019s Means Knaus Partners\" \/>\n<meta property=\"og:description\" content=\"Jones Lang LaSalle has acquired Means Knaus Partners, a property management company headquartered in Houston with about 16 million square feet of office space under management, primarily in Chicago, Dallas, Denver, Houston, Los Angeles, Orlando and Tampa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-buys-houstons-means-knaus-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-26T20:32:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:49:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/John-gates.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"336\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"JLL Buys Houston\u2019s Means Knaus Partners\",\"datePublished\":\"2013-08-26T20:32:43+00:00\",\"dateModified\":\"2022-12-08T15:49:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/\"},\"wordCount\":472,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/08\\\/John-gates.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-buys-houstons-means-knaus-partners\\\/\",\"name\":\"JLL Buys Houston\u2019s Means Knaus Partners - 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