Chicago -- Jones Lang LaSalle announced Monday it has acquired Means Knaus Partners, a Houston-based property management company as part of the firm's expansion in third-party property management.
The deal boosts Jones Lang LaSalle's portfolio of office space under management by 16 million sq. ft. of space with properties located primarily in Dallas, Chicago, Denver, Houston, Los Angeles, Orlando, Fla., and Tampa, Fla.
“Our MKP colleagues bring deep expertise and strong client relationships to JLL, resulting in a powerful fit that will enhance the combined platform's strength in key markets,” said John Gates, president of Jones Lang LaSalle's National Real Estate Services. “Both JLL and MKP have impressive legacies in property management, and we both operate with a vested ownership mentality that will bring greater value to our clients.”