General

C-USA Relocates HQ To Cypress Waters

IRVING, Texas – Conference USA announced today the successful negotiation of an office lease with JLL. The conference’s corporate office is relocating to a new 9,010 square foot office at The Sound at Cypress Waters, located at 3100 Olympus Boulevard on North Lake in Dallas. The league is set to move in late November.

Complete Release (PDF)
 
“We are thrilled with our new office space and we would like to thank JLL for their outstanding work throughout the relocation process.” C-USA Commissioner Judy MacLeod said. “Our new headquarters will be instrumental for us moving forward as we continue to advance our league’s profile.”
 
The recently-constructed 250,000 square foot building provides league personnel with a five-minute drive to DFW Airport, a 7,000 square foot fitness center and a lakefront view with restaurant and retail options.
 
JLL Senior Vice President Kimarie Ankenbrand negotiated the lease on behalf of C-USA.
 
“A company’s biggest asset is its people, and Conference USA has invested in an exciting, amenity-rich development for their growing team,” said Ankenbrand. “Competition among conferences for attracting top talent to govern and top talent to play is no different than that of schools trying to recruit the best student athletes. The blend of nearby amenities provides a wealth of options for entertaining sponsors, college presidents, athletic directors and their employees. This new modern workspace is set to attract the new modern workforce. As a former collegiate athlete myself, I can appreciate the amount of foresight their team put into this decision.”
 
The amount of new office construction in the Irving-Las Colinas submarket has seen a significant uptick over the last few quarters. Through Q1 this year, 225,000 square feet has been delivered with another 1.8 million square feet currently under development, according to JLL Research. At the same time, average asking rates have remained some of the most competitive, currently standing at $26.18 per square feet, fourth lowest in the market.
 
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.