Jones Lang LaSalle Inc.

04/25/2024 | Press release | Distributed by Public on 04/26/2024 05:16

Centersquare relocates headquarters to Cypress Waters

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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