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News release

ST. LOUIS, MO

Jones Lang LaSalle Markets Retail Portfolio for Sale in St. Louis

Portfolio of seven high quality retail assets offers strong in-place cash flow, potential upside


ST. LOUIS, Nov. 9, 2011 — Jones Lang LaSalle today announced the firm’s Capital Markets experts have been hired to market a portfolio of seven retail assets for sale in the Greater St. Louis Area including Collinsville, Fairview Heights, St. Louis, Wildwood and Wood River.  The 352,296-square-foot offering is available for single asset sales, or as a portfolio. 

Leading the Jones Lang LaSalle team are Managing Directors Dave Wojciechowski and Joe Garibaldi, and Vice President Jim Galbally.

“This portfolio of high quality retail assets offers investors a chance to acquire a critical mass of assets in an extremely healthy market,” said Wojciechowski.  “The portfolio offers extremely strong in-place cash flow from a host of national, credit retailers with upside potential through the lease-up of vacant space and out-parcels.”

The St. Louis Retail Portfolio consists of:
  • Collinsville in Collinsville, Illinois.  Built in 2009, it is 100 percent occupied.
  • Commerce Plaza in Fairview Heights, Illinois.  Built it 2010, it is 100 percent occupied.
  • Grand Marketplace in St. Louis, Missouri.  Built in 2008, it is 100 percent occupied.
  • Wildwood Town Center in Wildwood, Missouri.  Built in 2005 and 2008, it is 93 percent occupied.
  • Dellwood Commons in St. Louis, Missouri.  Built in 2007, it is 100 percent occupied.  
  • Mayfair Plaza in St. Louis, Missouri.  Built in 2009/2010, it is 90 percent occupied.
  • Wood River in Wood River, Illinois.  Built in 2009, it is 100 percent occupied.
The properties include a diverse mix of 81 tenants and four unique retail asset types:  power, supermarket-anchored, lifestyle and strip shopping center. 

Jones Lang LaSalle’s Retail Investment Sales experts have closed more than $270 million in retail transactions in the past three months, including Plaza Frontenac in St. Louis and Prime Outlets Jeffersonville in Ohio, with another $90 million currently in the market. 

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.