JLL Acquires Peloton Commercial Real Estate
JLL has agreed to acquire Peloton Commercial Real Estate, a leasing and property management firm based in Texas, bringing more than 130 Peloton professionals to JLL.
DALLAS/HOUSTON—JLL has agreed to acquire Peloton Commercial Real Estate, a leasing and property management firm based in Texas. The acquisition of the Dallas and Houston offices accelerates the growth of JLL’s agency leasing and property management businesses and brings a wealth of experienced professionals to serve clients. More than 130 Peloton professionals will join JLL. The acquisition is scheduled to close within the next few weeks, subject to customary closing conditions.
Peloton co-founding partners Joel Pustmueller and T.D. Briggs will join JLL’s Jeff Eckert in leading the integration of the teams and driving growth across the region, Pustmueller and Briggs will focus on Dallas–Fort Worth and Houston, and Eckert will focus on Austin and San Antonio in addition to Dallas–Fort Worth.
Peloton property management partner John Myers will assume regional leadership of property management for Dallas–Fort Worth. Pustmueller, Briggs and Myers will report to David Carroll, JLL’s market director for the South Central region.