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News release

Myrtle Beach, SC

Jones Lang LaSalle Closes the Sale of The Myrtle Beach Open Air Portfolio


Myrtle Beach, SC, March 26, 2013 — Jones Lang LaSalle today announced it has closed the sale of Windy Hill Shopping Center and North Village Center on behalf of Equity One. Maryland-based America’s Realty purchased the two adjacent shopping centers totalling 128,821 square feet. The properties are located directly on Highway 17, the major north/south thorough fare through Myrtle Beach and are 81 percent occupied. The centers are anchored by Roses, Goodwill, Dollar General and Cititrends.

Managing Directors Kris Cooper and Margaret Caldwell led the Jones Lang LaSalle retail investment sales team on this transaction.

“Myrtle Beach serves as one of the primary tourist towns in South Carolina, and these two adjoining centers are located in the heart of its retail corridor making them a prime acquisition opportunity. With this purchase the new ownership has the ability to make an immediate impact in the market,” commented Cooper.
Jones Lang LaSalle Retail is a full-service provider of retail services nationwide. The firm offers a full array of services to its clients, including brokerage services for landlords and tenants, property management, financial reporting, tenant coordination, specialty leasing, marketing, research, development and receivership services.  For more information on Jones Lang LaSalle Retail, visit www.jllretail.com.

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 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page.  Bookmark it here:  http://bit.ly/11so3pe

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.