Skip Ribbon Commands
Skip to main content

News release


Jones Lang LaSalle Brokers the Sale of Four Grocery-Anchored Shopping Centers

ATLANTA, November 20, 2013 — Jones Lang LaSalle announced today it has closed the sale of a portfolio of four grocery-anchored centers on behalf of Jacksonville-based Columbia Regency Partners II, LLC. The portfolio, which includes King Plaza, Lost Mountain Crossing, Island Crossing and Surfside Beach shopping centers, was purchased for $37.5 million by Lakeland, FL-based Publix Supermarkets.

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

The portfolio of shopping center includes:
•    King Plaza, an 81,432 square foot Publix anchored shopping center in Atlanta.
•    Lost Mountain, a 72,568 square foot Publix and Chase Bank anchored center in Atlanta.
•    Island Crossing, a 58,455 square foot Publix anchored center in West Palm Beach.
•    Surfside Beach Commons, a 59,880 square foot Bi Lo anchored center in Myrtle Beach.

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.

Jones Lang LaSalle’s Retail Group is a full-service provider of retail services nationwide. The firm offers a wide 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. During the last two years, Jones Lang LaSalle’s Retail Group has added nearly 50 retail brokerage experts in major markets including Atlanta, Boston, Charlotte, Chicago, Dallas, Florida, Hawaii, New York, Seattle and Southern California. During the first half 2013, the group added more than 60 new assignments and more than 30 retail clients to its network across the United States. For more information on the Retail platform, visit 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:

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 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 $46.7 billion of real estate assets under management. For further information, visit