JLL represented the leading data center provider for 30K square foot lease
News release
24 April 2024
Centersquare relocates headquarters to Cypress Waters
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DALLAS, April 25, 2024 – JLL announced today that Centersquare has leased 30,342 square feet at Cypress Waters. Located at 3100 Olympus Blvd. in Coppell, TX, this new space will serve as the new headquarters for approximately 150 employees of Centersquare, the leading provider of comprehensive colocation, connectivity and infrastructure solutions.
The relocation comes on the heels of the successful acquisition of Cyxtera by Evoque Data Center Solutions in January, prompting an urgent need to triple its current space and find a pre-built solution to accommodate its expanding workforce. The combined company announced its new brand, Centersquare, earlier this month.
"We are excited to start this new chapter of growth at Cypress Waters," said Spencer Mullee, CEO of Centersquare. "We are confident that this new space will not only accommodate our current needs but also position us for future success as we continue to deliver industry-leading data center solutions to our clients worldwide."
Cypress Waters is a 1,000-acre sustainable, mixed-use, master-planned community with commercial office, retail, multi-family residences, and three schools. Additionally, there is an array of amenities and regularly scheduled events for tenants including a fitness center, conference center, walkability to a variety of lakeside restaurants, a concert venue and outdoor green spaces with bike and walking trails.
JLL’s Cribb Altman, Managing Director, and Curt Holcomb, Managing Director, represented the tenant, Centersquare. Steve Wentz, Travis Boothe and Spencer Oster with Cushman & Wakefield represented the sublandlord.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.