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JLL agrees to buy Peloton Commercial Real Estate

Jones Lang LaSalle Inc. agreed to purchase Texas-based leasing and property management firm Peloton Commercial Real Estate LP for an undisclosed amount.

The deal will add some 130 Peloton professionals to JLL's team and is expected to close within "the next few weeks," JLL said in a release.

Joel Pustmueller and T.D. Briggs, co-founding partners of Peloton, will focus on the Houston and Dallas-Fort Worth, Texas, markets. John Myers, Peloton's property management partner, will lead property management for Dallas-Fort Worth.

Peloton was founded in 2002 and manages or leases more than 25 million square feet on behalf of clients.