{"id":1004354051,"date":"2019-09-20T09:36:48","date_gmt":"2019-09-20T17:36:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004354051"},"modified":"2019-09-23T07:38:32","modified_gmt":"2019-09-23T15:38:32","slug":"jll-to-buy-dallas-based-cre-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-to-buy-dallas-based-cre-firm\/","title":{"rendered":"JLL to Buy Dallas-Based CRE Firm"},"content":{"rendered":"<div id=\"attachment_1004354054\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bike-5-e1569000816316.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004354054\" data-attachment-id=\"1004354054\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-to-buy-dallas-based-cre-firm\/bike-5\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bike-5-e1569000816316.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;4.5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS Rebel SL3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1566914674&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;19&quot;,&quot;iso&quot;:&quot;2000&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Bike 5\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Left to right: T.D. Briggs, David Carroll, John Myers, Joel Pustmueller. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bike-5-e1569000816316.jpg?w=800\" class=\"wp-image-1004354054 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bike-5-e1569000806810.jpg\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004354054\" class=\"wp-caption-text\">Left to right: T.D. Briggs, David Carroll, John Myers, Joel Pustmueller. <em>Image courtesy of JLL<\/em><\/p><\/div>\n<p>JLL has announced it will acquire Peloton Commercial Real Estate, a Texas-based leasing and property management firm. The brokerage firm will acquire the company\u2019s Dallas and Houston office and more than 130 Peloton professionals will join JLL. The two firms did not disclose a purchase price.<\/p>\n<p>Peloton was founded by Joel Pustmueller and T.D. Briggs in 2002 and has since grown to manage or lease more than 25 million square feet on behalf of its clients. The deal is expected to close within the next few weeks.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/\">JLL Closes on $1.8B Acquisition of HFF<\/a><\/p>\n<hr>\n<p>Pustmueller and Briggs will join with Jeff Eckert of JLL in overseeing the merging of the teams and pushing for growth across the region. Pustmueller and Briggs will focus on the Dallas-Ft. Worth and Houston markets, while Eckert will focus on the Austin, San Antonio markets, in addition to Dallas-Ft. Worth.<\/p>\n<p>John Myers, property management partner at Peloton, will assume regional leadership of property management for the Dallas-Ft. Worth region. Pustmueller, Briggs and Myers will all report to David Carroll, JLL\u2019s market director for the south central region. In a press release from JLL, Carroll said the company\u2019s decision to acquire Peloton was motivated by its desire to become a market-leading player in Texas.<\/p>\n<p>The acquisition comes at a time when Dallas\u2019 office market is booming, fueled by growing demographics, strong gains in employment and increased investor interest in the metro\u2019s Class A properties. According to a recent Yardi Matrix report, there is <a href=\"https:\/\/www.commercialsearch.com\/news\/dallas-office-report-spring-2019\/\">more than 4 million<\/a> square feet of office product underway in the metro as of July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peloton Commercial Real Estate is a leasing and property management firm with offices in Houston and Dallas. <\/p>\n","protected":false},"author":745,"featured_media":1004330429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004354051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JLL to Buy Dallas-Based CRE Firm - 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-to-buy-dallas-based-cre-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL to Buy Dallas-Based CRE Firm\" \/>\n<meta property=\"og:description\" content=\"Peloton Commercial Real Estate is a leasing and property management firm with offices in Houston and Dallas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-to-buy-dallas-based-cre-firm\/\" \/>\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=\"2019-09-20T17:36:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-23T15:38:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/26868557463_048ca2f1c5_k-1-e1569000989674.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"562\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-to-buy-dallas-based-cre-firm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-to-buy-dallas-based-cre-firm\/\",\"name\":\"JLL to Buy Dallas-Based CRE Firm - 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