September 20, 2019
Less than three months after closing on its buy of HFF, JLL acquired the Dallas-Fort Worth and Houston offices of Peloton Commercial Real Estate. The deal is scheduled to close in Q3 2019, and will boost JLL’s agency leasing and property management business lines.
Peloton Co-Founding Partners Joel Pustmueller and T.D. Briggs will join JLL’s Jeff Eckert in leading the teams’ integration; Pustmueller and Briggs will focus on Dallas-Fort Worth and Houston, while Eckert will have oversight of Austin and San Antonio, in addition to working with Dallas-Fort Worth.
Peloton Property Management Partner John Myers will assume regional leadership of JLL’s Dallas-Fort Worth property management. Pustmueller, Briggs and Myers will report to David Carroll, JLL’s Market Director for the South Central Region.
The Peleton Commercial sale is the third such in the past two years. CBRE acquired Peloton’s San Antonio commercial operations in August, 2018, while Cushman & Wakefield bought Peloton’s Austin operations in spring 2019.
Pictured: (l-r): Briggs, Carroll Myers and Pustmueller
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