Dallas’ Peloton Commercial Real Estate is Being Purchased by JLL

Two big North Texas real estate players are joining forces. Dallas-based property firm Peloton Commercial Real Estate is being acquired by JLL, the Chicago-based international real estate services firm. More than 130 professionals in Peloton’s Dallas and Houston offices will join JLL, which already has a huge presence in the area. It’s JLL’s second recent major acquisition. It just completed a purchase of Holliday Fenoglio Fowler LP, the Dallas-based investment sales and finance firm. JLL said its purchase of Peloton will accelerate the growth of the company’s leasing and property management businesses. “This is a momentous step in our journey to become a market-leading player in Texas,” JLL’s regional director David Carroll said in a statement. “With the exceptional growth we have seen in those markets, Peloton’s position as a leading provider of leasing and property management services will greatly enhance our business capabilities and breadth of services. Click to read more at www.dallasnews.com.