JLL Acquires Travis Commercial to Expand in South Texas
Jones Lang LaSalle, Inc. JLL which shortened its name to “JLL” has closed the acquisition of San Antonio-based real estate company, Travis Commercial. This acquisition, announced last month is in sync with the company’s growth strategy of expanding its full-service platform in Texas.
Travis Commercial is a full-service commercial real estate firm, co-founded by Mark Krenger and Chuck King in 1998 with Jeff Miller joining in 1999. It specializes in property leasing & management, multi-market corporate services, tenant representation, investment sales, and facilities & construction management.
The acquisition seems a strategic fit, as it will give JLL the scope to serve the fast-growing central and south Texas markets. Despite the slowdown in oil production, San Antonio and the greater South Texas region markets have been healthy.
Chicago-based JLL is a leading full-service real estate firm that provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide.
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JLL currently carries a Zacks Rank #3 (Hold). Investors interested in the real estate industry can consider other stocks like Brookfield Asset Management Inc. BAM, The Liberty Braves Group BATRK and AV Homes, Inc. AVHI. All these stocks hold a Zacks Rank #2 (Buy).
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