JLL secures lease for insurance brokerage firm growing in Houston
News release
06 November 2023
Stephens renews and expands lease at Greenway Plaza
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HOUSTON, Nov. 7, 2023 – JLL announced today the renewal and expansion of Stephens’ lease at Nine Greenway Plaza in Houston. Stephens Insurance, one of the largest privately owned insurance brokerages in the U.S., and its affiliated entities Stephens Inc. and Stephens Investment Management Group, have expanded its office space to 35,454 square feet, with plans to occupy a full floor-and-a-half.
JLL’s Don King, Senior Vice President, and Anya Marmuscak, Senior Vice President, represented the tenant. Parkway Properties’ JP Hutcheson and Amanda Nebel represented the landlord.
“I'm excited to announce that Stephens will maintain its Houston headquarters at Greenway Plaza – a location that approximately 50 employees call home," said Miles Stephens, President & CEO of Stephens Insurance. "Nine Greenway Plaza will continue to serve as the central hub for our employees and clients, and this renewal and expansion stand as a testament to our unwavering commitment to the Houston community. We are thankful to JLL for helping us navigate this lease to ensure our next stage of growth."
Nine Greenway Plaza, a 31-story office tower, is ideally situated just five miles southwest of downtown Houston within a 60-acre premier master-planned development. This vibrant mixed-use community includes 11 top-tier office buildings, a luxury hotel, high-rise condominiums, an athletic club, retail shopping, food court and a convenient transportation center, ensuring seamless access to major thoroughfares.
“Securing this expansion for Stephens is a favorable result for both Stephens and the landlord, especially in a difficult office property environment,” said Marmuscak. “This lease also highlights the remarkable resilience and collaborative spirit of all parties involved. Today, more than ever, companies are thoughtfully optimizing their office spaces to align with productivity in well-located and amenitized office projects, and Stephens’ expansion demonstrates this demand."
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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.