Jones Lang LaSalle, Inc. (JLL Quick QuoteJLL - Free Report) which shortened its name to “JLL” has closed the acquisition of San Antonio-based real estate company, Travis Commercial. This acquisition, announced last month is in sync with the company’s growth strategy of expanding its full-service platform in Texas.
 
Travis Commercial is a full-service commercial real estate firm, co-founded by Mark Krenger and Chuck King in 1998 with Jeff Miller joining in 1999. It specializes in property leasing & management, multi-market corporate services, tenant representation, investment sales, and facilities & construction management.

The acquisition seems a strategic fit, as it will give JLL the scope to serve the fast-growing central and south Texas markets. Despite the slowdown in oil production, San Antonio and the greater South Texas region markets have been healthy.

Chicago-based JLL is a leading full-service real estate firm that provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide.

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JLL currently carries a Zacks Rank #3 (Hold). Investors interested in the real estate industry can consider other stocks like Brookfield Asset Management Inc. (BAM Quick QuoteBAM - Free Report) , The Liberty Braves Group (BATRK Quick QuoteBATRK - Free Report) and AV Homes, Inc. (AVHI Quick QuoteAVHI - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).

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