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ATLANTA, May 1, 2013 — Jones Lang LaSalle announced today it has closed the sale of Madison Centre on behalf of Equity One. Slate Properties purchased the 64,837 square-foot Publix anchored shopping center.
Managing Directors Kris Cooper and Margaret Caldwell led the Jones Lang LaSalle retail investment sales team on this transaction.
“Madison Centre presented an excellent opportunity to acquire a retail center anchored by one of the strongest grocers in the Southeast in a micro market that is experiencing significant employment and population growth,” commented Cooper.
Madison Centre, which is 98 percent leased, is located seven miles west of downtown Huntsville directly across I-565 from the booming United States Army Base, Redstone Arsenal, a major driver of employment and housing growth in the immediate vicinity.
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 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.
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About Jones Lang LaSalleJones 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 LaSale 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 and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.
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